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    5708 Dakota Street, North Charleston, SC 29406

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    Picture of Mobile home & RV parks at 5708 Dakota Street, North Charleston, SC
    For Sale
    $255,000

    MULTI_FAMILY - North Charleston, SC

    Lot size:
    0.49 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 5708 Dakota Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.49 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

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    Listing Contact
    Chip Thrower

    Listing agent Chip Thrower License #28920

    Listing office Johnson & Wilson Real Estate Co LLC Summerville, SC

    Listing date Jun 3, 2026

    MLS# 26016105 Listing URL

    Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3 mobile homes on the lot (one currently occupied); Units A and C convey with the land
    • Zoned B‑2 (general business allowed); remarks indicate development options for the last third of the lot
    • Public water and public sewer available; cable, electricity, internet, and phone also available
    • Transmission line runs over part of the lot; remarks note the last third can support a permanent structure
    • Unit B (center mobile home) is lot rent only and not included in the purchase
    • Located about two blocks off Remount Rd and circles to Rivers Ave; property is in an opportunity zone

    Overview

    This for-sale property includes three mobile homes on a single lot. One of the mobile homes is currently occupied, while the center mobile home (Unit B) is described as lot rent only and is not included in the purchase. Mobile homes A and C convey with the land. The listing notes that the last third of the lot can accommodate a permanent structure, while the remainder of the lot has a transmission line over it, limiting placement options. The seller indicates that a parking lot or other movable setup would be allowed, which could support placing additional mobile homes for rental or renting the spaces.

    The property is zoned B-2, which the remarks state allows general business uses. It is about two blocks off Remount Rd and the lot described “circles to Rivers Ave.” The site is also identified as being within an opportunity zone.

    Utilities are available, including cable, electricity, internet, phone, sewer, and water. Given the configuration and the note that “the value is in the land,” this asset is likely best suited for buyers looking for a flexible, utility-served B-2 site with existing structures in place and development options that account for the transmission line coverage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.012704
    Latitude
    32.900897

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    FAQs

    What type of property is this?
    Mobile home & RV park - B-2 zoned lot with three mobile homes, utilities available, and development flexibility constrained by an overhead transmission line.
    Where is this mobile home & rv park located?
    The property is located at 5708 Dakota Street North Charleston, SC.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: 3 mobile homes on the lot (one currently occupied); Units A and C convey with the land; Zoned B‑2 (general business allowed); remarks indicate development options for the last third of the lot; Public water and public sewer available; cable, electricity, internet, and phone also available
    (843) 486-1600
    We can help!
    Listing Contact
    Chip Thrower
    Real Estate License ID: 28920
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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