Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space Near MUSC Health Title is generated by Realmo AI

    8988 University Blvd, N Charleston, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Vanilla shell space ideal for retail or office use.

    Type:RETAIL
    Property size:
    1,200 SF
    Lot size:
    1.09 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    318
    Last Refresh:
    Apr 5 at 10:50 pm

    Property Features for 8988 University Blvd

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    1.09 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8988 University Blvd Contact us

    We can help!

    Listing Contact
    Marlena S Franklin

    Listing agent Marlena S Franklin

    Listing office Coldwell Banker Commercial | Atlantic

    Listing date Jul 9, 2025

    Source Moodyscre

    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

    HighLights

    • New vanilla shell unit ready for your custom design.
    • Located beside MUSC Health.
    • Under new ownership with planned facade updates and parking restriping.
    • Ideal for professional office or retail use.
    • Existing tenants include Subway, Franklin Financial, Americlean, and another national tenant.
    • Easy access from University Blvd and Elm Plantation Blvd.

    Overview

    This 1,200-square-foot space is suitable for either professional office or retail use. The property is located next to MUSC Health. Other tenants include Subway, Franklin Financial, and Americlean, with another national tenant upcoming. The center is under new ownership and is planned to have an updated facade, with the parking area restriped. The space, identified as Unit 105, is a new vanilla shell, allowing for custom design. The location provides easy entrance and exit from University Boulevard or Elm Plantation Boulevard.
    Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering South Carolina Federal ... Credit Union Fortune Garden Restaurant Elevate Performance Chiropractic ... Alternative Medicine Practice Norman L. Bishop, ... Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    N Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0653
    Latitude
    32.9765

    Nearby Similar for Lease

    • $13 SF/Yr
      58,444 SF

      Available Flex and Office Space

      Flex and office spaces for lease in North Charleston.
      8085 Rivers Ave, N Charleston, SC
      View Details
    • $20 SF/Yr
      4,500 SF

      Free-Standing Flex Space For Lease

      Move-in-ready flex space with fenced-in laydown yard.
      4952 Rivers Ave, N. Charleston, SC 29406
      View Details
    • $15 SF/Yr
      2,827 SF

      North Charleston Flex Warehouse Space

      Climate-controlled flex units with drive-in doors available for lease.
      4748 Franchise St, N Charleston, SC
      View Details
    • $20 SF/Yr
      2,218 SF

      Renovated Office Space Available

      Newly renovated office space with convenient highway access.
      7410 Northside Dr, N Charleston, SC
      View Details
    • Contact for pricing
      15,362 SF

      Adaptable Flex Space Available

      Versatile flex space with high ceilings and dock doors.
      2155 Eagle Dr, N Charleston, SC
      View Details

    FAQs

    What type of property is this?
    Retail space - Vanilla shell space ideal for retail or office use.
    Where is this retail space located?
    The property is located at 8988 University Blvd N Charleston, SC.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: New vanilla shell unit **ready for your custom design**.; Located beside MUSC Health.; Under new ownership with planned facade updates and parking restriping.
    (843) 834-9151 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marlena S Franklin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8988 University Blvd, N Charleston, SC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!