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    State Rd Charleston, SC 29492
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    State Rd, Charleston, SC 29492

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    • Retail properties & Spaces
    • 61,240 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 State Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Hope Landing, located in Charleston County, South Carolina, presents a unique investment opportunity. This Class A property boasts 61,240 square feet of vacant space across five separate buildings, offering exceptional flexibility for various business needs. The property is ideally situated at the corner of Clements Ferry Road and the planned Point Hope Parkway, benefiting from high visibility and accessibility within the Point Hope master-planned community. The space is divisible into units as small as 1,200 square feet, with a maximum contiguous space of 19,600 square feet, catering to businesses of all sizes. The property's diverse subtype designations – including traditional office, medical office, creative office, and coworking spaces – allow for a wide range of potential tenants. Ample parking is provided with 214 spaces available. The address is State Rd S-8-33, Charleston, SC 29492, and the property features approximately 1,000 feet of frontage on Clements Ferry Road, ensuring significant street presence. The property type is listed as Retail and Office, with multiple tenancies available. This development offers a compelling opportunity to establish a presence in a thriving Charleston community. The property is easily accessible via Clements Ferry Rd and the planned Point Hope Parkway. The diverse range of potential uses, combined with the strategic location and ample parking, makes Hope Landing an exceptional commercial real estate prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.884
    Latitude
    32.9163

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      2414 Clements Ferry Rd

      Medical Office Space
      2414 Clements Ferry Rd, Wando, SC 29492
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    • Value Estimation by Request
      250,000 SF

      1301 Charleston Regional Pkwy

      Coworking space
      1301 Charleston Regional Pkwy, Charleston, SC 29492
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    • Value Estimation by Request
      1,248 SF

      1184 Clements Fry Rd Ste A

      MEDICAL BUILDING
      1184 Clements Fry Rd Ste A, Wando, SC 29492-8451
      View Details
    • Value Estimation by Request
      145,800 SF

      215 Benefitfocus Way

      Office Units
      215 Benefitfocus Way, Charleston, SC 29492
      View Details
    • Value Estimation
      $2,375,000
      17,004 SF

      295 7th Farms Dr

      RETAIL STORES (PERSONAL SERVICES)
      295 7th Farms Dr, Daniel Island, SC 29492-8001
      View Details
    • Value Estimation by Request
      1,248 SF

      1184 Clements Fry Rd Ste B

      RETAIL STORES (PERSONAL SERVICES)
      1184 Clements Fry Rd Ste B, Wando, SC 29492-8451
      View Details

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      Daniel Island Deepwater Residential Opportunity

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      Office-Retail Condo Opportunity

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      Office Suites For Sale

      Ground floor office suites available for purchase.
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      Charleston Office Space For Rent

      Office space available with easy access to I-526.
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      Retail Land Development Opportunity

      Retail land in a busy, growing Charleston corridor.
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    Similar Nearby for Lease

    • $20 SF/Yr
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      Charleston Office Space Sublease

      1,630 sq ft, prime Charleston location.
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      Retail and Medical Office Space

      Retail and medical office space at Point Hope community.
      State Rd S-8-33, Charleston, SC 29492
      View Details
    • Contact for pricing
      1,500 SF

      Office Space on Jessen Lane

      Highly visible office space in a rapidly growing commercial corridor.
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      Daniel Island Move-In Ready Office

      Configurable office suites with comprehensive amenities on Daniel Island.
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      View Details
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      Clements Ferry Road Office Units

      Office units for rent near Daniel Island, Charleston, SC.
      2414 Clements Ferry Rd, Charleston, SC 29492
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      11,800 SF

      Proposed Commercial Building For Rent

      Proposed commercial building with suites from 1,200 SF available.
      1730 Clements Ferry Rd, Charleston, SC 29492
      View Details
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    Charleston, SC 29492
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    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
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    State Rd, Charleston, SC, 29492
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