Multi-Tenant Retail Strip
5117 Dorchester Rd, North Charleston, SC 29418
For Sale
Contact for pricing
The center has a mix of tenants on NNN leases and unoccupied space.
Property Size11,682 SF
Price / SF$209.72
Days on Market55
Property Features for 5117 Dorchester Rd
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Tenancy
Listing Agency:
Northmarq
Listed By:
Ani Paulson · License SC #428443
Source:
Crexi
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 10 at 6:07AM
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 Northmarq
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Investment Insights
Based on property information with market context.
Academy Plaza is an 11,682-square-foot retail strip center at 5117 Dorchester Road in North Charleston, South Carolina. The property is 89.64% occupied, with a varied tenant roster and space available to lease. Tenant leases are structured on an NNN basis.
Key Highlights
- 11,682‑square‑foot retail strip center
- 89.64% occupied with space available to lease
- Tenant leases are structured on an NNN basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,418
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,708,360
$2.7M
Cap Rate 7%
$1,934,543
$1.9M
Cap Rate 9%
$1,504,644
$1.5M
Market Conditions
NOI Build-Up for 11,682 SF
Gross rent
$210.3K $18.00/SF
− Vacancy
−$16.8K −$1.44/SF
EGI
$193.5K $16.56/SF
− OpEx
−$58.0K −$4.97/SF
NOI
$135.4K $11.59/SF
Area
North Charleston, 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%
$2,708,360
Cap Rate 7%
$1,934,543
Cap Rate 9%
$1,504,644
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.26M
NOI $135,418 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,051 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
89.6%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
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 - The center has a mix of tenants on NNN leases and unoccupied space.
Where is this strip mall located?
The property is located at 5117 Dorchester Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 11,682‑square‑foot retail strip center; 89.64% occupied with space available to lease; Tenant leases are structured on an NNN basis
