Specialty Property with Screened
For Sale
Under Contract
$280,000
7360 Suncatcher Drive, Hanahan, SC 29410
Residential, Hanahan, SC
Property Size1,120 SF
Price / SF$250
Days on Market103
Property Features for 7360 Suncatcher Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Dining Room, Bathroom 1, Laundry Room, Bathroom 2, Family Room, Bedroom 2
Interior features
Ceiling Fan(s), Eat-in Kitchen, Family, Living/Dining Combo, Sun
Exterior features
Rain Gutters
Subdivision
Tanner Plantation
Elementary school
Bowens Corner Elementary
Middle school
Hanahan
High school
Hanahan
Directions
Take Foster Creek To Williams Lane Then Turn Right Onto Suncatcher Drive. 7360 Will Be On Your Right
Standard status
Active Under Contract
Size
1,120 SF
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
paved trail
screened porch
Building Details
Year built
2003
Floors in Building
1
Flooring type
Vinyl, Laminate
Building materials
Vinyl Siding
Additional Structures
Storage
Listing Agency:
Carolina Elite Real Estate
(843) 225-8830
Listed By:
Susan Taschner · License #109466
(843) 225-8830
Added: May 11
Changed: Aug 19
Last Checked: Aug 21 at 8:06AM
MLS# 26013625
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.
Investment Insights
Based on property information with market context.
This specialty property is a two-bedroom home with a dual-suite layout. Both bedrooms have full bathrooms and ample closet space, and the interior includes an eat-in kitchen plus a living/dining combo and family room. Rooms also feature a laundry room. Additional interior comforts include ceiling fans, laminate and vinyl flooring, electric heating, and central air.
Outside, the home is finished with vinyl siding and includes rain gutters. A screened porch provides a relaxed outdoor spot with quiet wildlife views. The property is served by public water and public sewer.
Built in 2003, this home offers a straightforward, easy-to-maintain living setup. It also benefits from an HOA that includes landscaping, and the fire and rescue services are located just outside the neighborhood.
Outside, the home is finished with vinyl siding and includes rain gutters. A screened porch provides a relaxed outdoor spot with quiet wildlife views. The property is served by public water and public sewer.
Built in 2003, this home offers a straightforward, easy-to-maintain living setup. It also benefits from an HOA that includes landscaping, and the fire and rescue services are located just outside the neighborhood.
Key Highlights
- Dual‑suite layout with two bedrooms, each with a full bath
- Screened porch with wildlife views
- 1,120 SF home built in 2003
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
$13,779
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
4.92%
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%
$275,580
$275.6K
Cap Rate 7%
$196,843
$196.8K
Cap Rate 9%
$153,100
$153.1K
Market Conditions
NOI Build-Up for 1,120 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
$26.9K $24.00/SF
− Vacancy
−$1.8K −$1.63/SF
EGI
$25.1K $22.37/SF
− OpEx
−$11.3K −$10.07/SF
NOI
$13.8K $12.30/SF
Area
Berkeley County, SC
Vacancy
6.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
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%
$275,580
Cap Rate 7%
$196,843
Cap Rate 9%
$153,100
Alternative Uses
Best Use
Apartment 5plus
$196.8K
$172.2K – $229.7K
NOI $13,779 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.1K
$265.2K – $353.6K
NOI $21,216 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 29410, SC
20,238
Population
8,501
Households
2.4
Avg Household Size
36
Median Age
38%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
1,927
Density / Sq Mi
$84,061
Median Household Income
$53,195
Median Earnings
$1,324
Median Rent
$339,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Dual-suite setup with full baths, screened porch, and central air in a vinyl-sided home.
Where is this single family property located?
The property is located at 7360 Suncatcher Drive Hanahan, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Dual‑suite layout with two bedrooms, each with a full bath; Screened porch with wildlife views; 1,120 SF home built in 2003
