Corner Restaurant
New
For Sale
$495,000
3313 Meeting Street Rd, North Charleston, SC 29405
Commercially zoned restaurant site with access from Meeting Street Road and Accabee Road.
Property Size1,164 SF
Days on Market3
Property Features for 3313 Meeting Street Rd
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
1,164 SF
Year Built
1992
Listing Agency:
Coldwell Banker Commercial Atlantic
Listed By:
James Dingle · License #85633
(843) 822-4311
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 7 at 4:46AM
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 Coldwell Banker Commercial Atlantic
Investment Insights
Based on property information with market context.
This conventional restaurant property occupies the corner of Meeting Street Road and Accabee Road in North Charleston. Built in 1992, the site is positioned for restaurant, café, coffee, bakery, quick-service, or takeout uses, with potential for outdoor patio seating and ancillary parking. Commercial zoning supports a range of restaurant-oriented concepts.
The property connects with North Charleston, Downtown Charleston, Park Circle, and Interstate 26. Nearby destinations identified in the property information include East Montague Avenue, Charleston International Airport, the North Charleston Coliseum and Performing Arts Center, Charleston Area Convention Center, Riverfront Park, and the Charleston Naval Complex redevelopment. The surrounding context includes residential development, retail, hospitality, and mixed-use investment.
The property connects with North Charleston, Downtown Charleston, Park Circle, and Interstate 26. Nearby destinations identified in the property information include East Montague Avenue, Charleston International Airport, the North Charleston Coliseum and Performing Arts Center, Charleston Area Convention Center, Riverfront Park, and the Charleston Naval Complex redevelopment. The surrounding context includes residential development, retail, hospitality, and mixed-use investment.
Key Highlights
- Corner position at Meeting Street Road and Accabee Road
- Built in 1992
- Commercial zoning supports restaurant‑oriented uses
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
$17,050
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
3.44%
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%
$341,000
$341.0K
Cap Rate 7%
$243,571
$243.6K
Cap Rate 9%
$189,444
$189.4K
Market Conditions
NOI Build-Up for 1,164 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
$24.4K $21.00/SF
− Vacancy
−$1.7K −$1.47/SF
EGI
$22.7K $19.53/SF
− OpEx
−$5.7K −$4.88/SF
NOI
$17.0K $14.65/SF
Area
North Charleston, SC
Vacancy
7.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$341,000
Cap Rate 7%
$243,571
Cap Rate 9%
$189,444
Alternative Uses
Best Use
Specialty Retail
$243.6K
$213.1K – $284.2K
NOI $17,050 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 32%
Groceries 17%
Electronics 2%
McDonald's
Dining
15,830 visits/mo
0.4 miles
Restaurant Depot
Groceries
9,682 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,151 visits/mo
0.5 miles
Exxon
Shops & Services
6,026 visits/mo
0.4 miles
BP
Shops & Services
5,960 visits/mo
0.4 miles
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned restaurant site with access from Meeting Street Road and Accabee Road.
Where is this conventional restaurant located?
The property is located at 3313 Meeting Street Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Corner position at Meeting Street Road and Accabee Road; Built in 1992; Commercial zoning supports restaurant‑oriented uses
