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High Traffic Location on Dorchester

7880 Dorchester Rd North Charleston, SC 29418

7880 Dorchester Rd, North Charleston, SC, 29418
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Visible location with ample parking and development potential.

Property Size6,600 SF
Price / SF$193.18
AddedNov 12, 2024
Days on Market610
Last RefreshJul 5 at 3:29 am

Property Features for 7880 Dorchester Rd

General Information

Standard status
Active
Size
6,600 SF
Property subtype
Office

Building Details

Year Built
1990

Listing office Coldwell Banker Commercial Atlantic

Listing date Nov 12, 2024

Source Crexi

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.

Located on Dorchester Road, this property benefits from high traffic and visibility. The 6,600-square-foot building features recent exterior renovations, including paint, awnings, and pavement, along with fenced parking at a ratio of 1:140. The interior is a blank slate, offering flexibility for various uses. The property is suited for professional medical, architectural, engineering, or construction firms seeking to capitalize on the area's residential and commercial growth within Charleston County. There is potential for a 'concept' building pad of 2,000 square feet, possibly two floors totaling 4,000 square feet, adding value to the project's square footage. The property is handicap accessible and has not flooded. A current tenant occupies 2,250 square feet on a month-to-month basis and can vacate with 30 days' notice.

Key Highlights

  • High‑traffic, visible location on Dorchester Rd.
  • Ample fenced parking with a ratio of 1:140 ft.
  • Suitable for professional medical, architectural, engineering, or construction firms.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $138.6k $21.00
− Vacancy −$20.8k −$3.15
EGI $117.8k $17.85
− OpEx −$29.5k −$4.46
NOI $88.4k $13.39
6,600 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.26M
$1.10M – $1.47M (±1% cap)
NOI $88,358 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M (±1% cap)
NOI $125,453 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Parking Lot & Garage Electrical Service Plumbing Service Locksmith Big Box & Wholesale Store Pharmacy Building Supply Cafe & Coffee Shop Veterinary Clinic Auto Repair Shop

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

FAQs

What type of property is this?
Office building - Visible location with ample parking and development potential.
Where is this office building located?
The property is located at 7880 Dorchester Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: High‑traffic, visible location on Dorchester Rd.; Ample fenced parking with a ratio of 1:140 ft.; Suitable for professional medical, architectural, engineering, or construction firms.
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