Building Details

Year Built 2011

Listing Agency: Colliers | Charleston Show Phone

Listed By: Markus Kastenholz, CCIM · License #41215 Show Phone

Source: Moodyscre

Added: Mar 10 Changed: Oct 25 Last Checked: Oct 28 at 8:27AM

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Investment Insights

Based on property information with market context.

Located at 6347 Savannah Highway in Ravenel, SC, this flex property offers strong visibility and convenient access in the West Charleston County submarket. The building was constructed in 2011 and is 8,424 SF on a 1-acre lot with 134 feet of frontage along Savannah Highway.

Zoned General Business (GB) within the town of Ravenel, the property supports a broad range of commercial, service, retail, and light industrial uses. The site is improved with prominent pylon signage and 40 surface parking spaces, and it also provides convenient access to public transportation. Savannah Highway carries approximately 26,000 vehicles per day, supporting day-to-day visibility for a wide range of flex users.

Key Highlights

• 8,424 SF flex building built in 2011
• 1‑acre lot with 134 feet of frontage on Savannah Highway
• Approximately 26,000 vehicles per day on Savannah Highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,967

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,099,340 $1.1M

Cap Rate 7%

$785,243 $785.2K

Cap Rate 9%

$610,744 $610.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,320 SF

Gross rent

$99.8K $12.00/SF

− Vacancy

−$15.3K −$1.84/SF

EGI

$84.6K $10.16/SF

− OpEx

−$29.6K −$3.56/SF

NOI

$55.0K $6.61/SF

Area

Charleston County, SC

Vacancy

15.30%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,099,340

Cap Rate 7%

$785,243

Cap Rate 9%

$610,744

Alternative Uses

Best Use

Industrial

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,201 @ 7.0% cap · market cap 9.88%

Second Best

Flex RnD

$785.2K

$687.1K – $916.1K (±1% cap)

NOI $54,967 @ 7.0% cap · market cap 3.79%

Theoretical Best

Office A

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,412 @ 7.0% cap · market cap 14.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick HVAC Service Building Supply Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

113

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29470, SC

4,598

Population

2,370

Households

1.9

Avg Household Size

47

Median Age

39%

College-Educated

95%

High-School Grad

72.5 sq mi

ZIP Area

63

Density / Sq Mi

$69,762

Median Household Income

$41,425

Median Earnings

$971

Median Rent

$243,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

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Freestanding Restaurant with Smokehouse

6165 Savannah Hwy, Ravenel, SC 29470

$800,000

2,000 SF

View details

Specialty Property Parcel

1 Old Jacksonboro Road, Ravenel, SC 29470

$280,000

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Frequently Asked Questions

What type of property is this?

Flex space - General Business (GB) zoned flex building with pylon signage and convenient surface parking near public transportation.

Where is this flex space located?

The property is located at 6347 Savannah Hwy Ravenel, SC.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: 8,424 SF flex building built in 2011; 1‑acre lot with 134 feet of frontage on Savannah Highway; Approximately 26,000 vehicles per day on Savannah Highway