Neighborhood Strip
For Sale
Contact for pricing
225 Red Bank Rd, Goose Creek, SC 29445
Fully occupied retail center with General Commercial zoning and a tenant-supported expense recovery structure.
Property Size16,338 SF
Price / SF$207.34
Days on Market60
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Property Features for 225 Red Bank Rd
General Information
Standard status
Active
Size
16,338 SF
Property subtype
Retail
Zoning
General Commercial
Occupancy
100%
Lease Type
NNN
Net Operating Income
$272,054
Additional Details
Cap Rate
8%
Building Details
Year Built
1982
Buildings
2
Tenancy
Multi
Listing Agency:
Harbor Commercial Partners
Listed By:
Chris Saltiel · License #135588
(630) 200-6774
Source:
Crexi
Added: Aug 17
Changed: Oct 8
Last Checked: Oct 14 at 11:01PM
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 Harbor Commercial Partners
Investment Insights
Based on property information with market context.
This 16,338-square-foot strip center was built in 1982 and is positioned for neighborhood retail use. The property is fully occupied and benefits from an 8.0% going-in cap rate, with CAM/NNN recoveries supporting the expense structure.
The center fronts Red Bank Road for approximately 182 feet and sits along an established commercial corridor in Goose Creek, South Carolina. Its location provides access to nearby residential areas and major retail amenities within the greater Charleston-North Charleston market.
The center fronts Red Bank Road for approximately 182 feet and sits along an established commercial corridor in Goose Creek, South Carolina. Its location provides access to nearby residential areas and major retail amenities within the greater Charleston-North Charleston market.
Key Highlights
- 16,338 SF neighborhood strip center built in 1982
- Fully occupied with an 8.0% going‑in cap rate
- CAM/NNN recoveries support the expense structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,390
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,787,800
$3.8M
Cap Rate 7%
$2,705,571
$2.7M
Cap Rate 9%
$2,104,333
$2.1M
Market Conditions
NOI Build-Up for 16,338 SF
Gross rent
$294.1K $18.00/SF
− Vacancy
−$23.5K −$1.44/SF
EGI
$270.6K $16.56/SF
− OpEx
−$81.2K −$4.97/SF
NOI
$189.4K $11.59/SF
Area
Berkeley County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,787,800
Cap Rate 7%
$2,705,571
Cap Rate 9%
$2,104,333
Alternative Uses
Best Use
Retail
$2.71M
$2.37M – $3.16M
NOI $189,390 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,494 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center with General Commercial zoning and a tenant-supported expense recovery structure.
Where is this strip mall located?
The property is located at 225 Red Bank Rd Goose Creek, SC.
What is the asking price?
The asking price for this property is $3,387,500.
What are key features of this property?
This property features: 16,338 SF neighborhood strip center built in 1982; Fully occupied with an 8.0% going‑in cap rate; CAM/NNN recoveries support the expense structure
