Flex Space with Highway
For Sale
$880,000
219 S Goose Creek Blvd, Goose Creek, SC 29445
Commercial property combines a versatile building with an outdoor yard and GC zoning.
Property Size5,000 SF
Lot Size0.75 Acres
Price / SF$176
Days on Market89
Property Features for 219 S Goose Creek Blvd
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.75 Acres
Property subtype
Industrial
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Asking Price
$880,000
Building Details
Building Size
5,000 SF
Listing Agency:
NAI | Charleston
(843) 452-9417
Listed By:
Dexter C. Rumsey, IV
Source:
Naicharleston
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI | Charleston
Investment Insights
Based on property information with market context.
This flex property at 219 S Goose Creek Blvd includes approximately ±5,000 SF of space on ±0.75 AC. The configuration supports retail, showroom, office, or warehouse use, providing a range of commercial applications within one property. GC zoning is in place.
An approximately ±0.40 AC yard area fronts Hwy 52 / S. Goose Creek Boulevard, adding outdoor area directly along the roadway. The property is in Goose Creek, minutes from I-26 and North Charleston, with access to a major regional route.
An approximately ±0.40 AC yard area fronts Hwy 52 / S. Goose Creek Boulevard, adding outdoor area directly along the roadway. The property is in Goose Creek, minutes from I-26 and North Charleston, with access to a major regional route.
Key Highlights
- ±5,000 SF flex space on ±0.75 AC
- Approximately ±0.40 AC yard area fronting Hwy 52 / S. Goose Creek Boulevard
- GC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,600
$1.0M
Cap Rate 7%
$735,429
$735.4K
Cap Rate 9%
$572,000
$572.0K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $18.00/SF
− Vacancy
−$10.8K −$2.16/SF
EGI
$79.2K $15.84/SF
− OpEx
−$27.7K −$5.54/SF
NOI
$51.5K $10.30/SF
Area
Berkeley County, SC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,600
Cap Rate 7%
$735,429
Cap Rate 9%
$572,000
Alternative Uses
Best Use
Flex RnD
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 5.85%
Second Best
Warehouse
$410.8K
$359.5K – $479.3K
NOI $28,756 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,716 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29445, SC
60,558
Population
23,194
Households
2.6
Avg Household Size
34
Median Age
25%
College-Educated
90%
High-School Grad
57.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$80,778
Median Household Income
$40,990
Median Earnings
$1,441
Median Rent
$256,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines a versatile building with an outdoor yard and GC zoning.
Where is this flex space located?
The property is located at 219 S Goose Creek Blvd Goose Creek, SC.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: ±5,000 SF flex space on ±0.75 AC; Approximately ±0.40 AC yard area fronting Hwy 52 / S. Goose Creek Boulevard; GC zoning
