High Traffic Location on
For Sale
Contact for pricing
7880 Dorchester Rd, North Charleston, SC 29418
Visible location with ample parking and development potential.
Property Size6,600 SF
Price / SF$193.18
Days on Market656
Property Features for 7880 Dorchester Rd
General Information
Standard status
Active
Size
6,600 SF
Class
A
Total Parking Spaces
44
Property subtype
Office
Zoning
City of North Charleston - B-2 - General Business District
Lease Type
NNN
Building Details
Year Built
1990
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Commercial Atlantic
(843) 478-9594
Listed By:
Ben Chase · License #SC
Source:
Crexi
Added: Nov 12, 2024
Changed: Aug 23
Last Checked: Aug 29 at 9:23AM
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.
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
$88,358
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
6.93%
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%
$1,767,160
$1.8M
Cap Rate 7%
$1,262,257
$1.3M
Cap Rate 9%
$981,756
$981.8K
Market Conditions
NOI Build-Up for 6,600 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
$138.6K $21.00/SF
− Vacancy
−$20.8K −$3.15/SF
EGI
$117.8K $17.85/SF
− OpEx
−$29.5K −$4.46/SF
NOI
$88.4K $13.39/SF
Area
North Charleston, SC
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,767,160
Cap Rate 7%
$1,262,257
Cap Rate 9%
$981,756
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
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
NOI $125,453 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
