Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3188 River Rd. Johns Island SC Johns Island, SC 29455

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

    2.75 acre parcel with established automotive service business.

    Type:Business for Sale
    Property size:
    4,500 SF
    Lot size:
    2.75 Acres
    Price / SF:
    $422/SF
    Added:
    May 17, 2024
    Days on Market:
    714
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 3188 River Rd. Johns Island SC

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    2.75 Acres
    Property subtype
    Business for Sale

    We can help!

    Listing Contact
    Trey Lucy

    Listing agent Trey Lucy License #68777

    Listing office Belk | Lucy

    Listing date May 17, 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 Belk | Lucy

    Overview

    Johns Island Automotive Service Opportunity

    This property presents an opportunity to acquire a 2.75-acre parcel with an existing automotive service business. Situated on Johns Island, approximately 12 miles from Kiawah, the property features an automotive shop that has been in operation for over 60 years. The property includes two freestanding buildings. The front building, approximately 4,500 square feet, contains six enclosed bays and four open bays. The rear building is approximately 2,170 square feet. While the current zoning is agricultural use, the property is grandfathered in, allowing for a service garage.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Lowcountry Wash Systems — 60 fenwick hall allee, johns island, sc 29455
    • English Engines — 3090 Murraywood Rd, Johns Island, SC 29455

    Map

    City
    Johns Island
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0874
    Latitude
    32.6897

    Nearby Similar for Sale

    • $489,000

      Marshfront Homesite in Rushland Plantation

      Pristine 0.62 acre marshfront homesite with community amenities.
      2389 Rushland Landing Road, Johns Island, SC 29455
      View Details
    • $875,000

      Johns Island Land Bundle

      3.8 acres of contiguous R-4 zoned lots on Johns Island.
      2907 River Road, Johns Island, SC 29455
      View Details
    • $1,250,000

      Johns Island Commercial Development Opportunity

      Permit-ready 1.99-acre corner parcel for office development on Johns Island.
      2729 Bohicket Road, Johns Island, SC 29455
      View Details
    • $675,000

      Residential Land in Gated Community

      Large corner lot in Kiawah River Estates.
      3003 Maritime Forest Drive, Johns Island, SC 29455
      View Details
    • $475,000

      Johns Island 15-Acre Parcel

      15-acre parcel on Johns Island, South Carolina.
      Murraywood Road, Johns Island, SC 29455
      View Details
    • $2,200,000

      Johns Island Acreage Opportunity

      6.45 acres on Betsy Kerrison Parkway, Johns Island.
      4131 Betsy Kerrison Parkway, Johns Island, SC 29455
      View Details
    • $325,000

      Johns Island Vacant Land

      4.27-acre vacant land near Charleston, SC.
      3047 Fickling Hill Road unit: C-2, Johns Island, SC 29455
      View Details
    • $375,000

      Johns Island Land Investment Opportunity

      1.5-acre vacant parcel with high-density zoning on Johns Island.
      1082 Brownswood Road, Johns Island, SC 29455
      View Details
    • $550,000

      Johns Island Estate Homesite

      3.5-acre homesite in gated Briars Creek community.
      3934 Gnarled Oaks Lane, Johns Island, SC 29455
      View Details
    • $550,000

      Johns Island Equestrian Land Parcel

      5-acre gated equestrian community homesite near Charleston beaches.
      Thorn Chase Lane, Johns Island, SC 29455
      View Details
    • $925,000

      Deep Water Lot Opportunity

      Deep water lot near downtown with development potential.
      1269 River Road, Johns Island, SC 29455
      View Details
    • $315,000

      Johns Island Land For Sale

      4.26 acres on Johns Island, close to Charleston amenities.
      3047 Fickling Hill Road unit: C-1, Johns Island, SC 29455
      View Details

    FAQs

    What type of property is this?
    Auto shop - 2.75 acre parcel with established automotive service business.
    Where is this auto shop located?
    The property is located at 3188 River Rd. Johns Island SC Johns Island, SC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Established automotive service business operating for over 60 years.; Only automotive shop on Johns Island.; **2.75 acre parcel included in the purchase.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Trey Lucy
    Real Estate License ID: 68777
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!