Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Salamander Rd North Charleston, SC 29406
    Property profile & analytics

    Salamander Rd, North Charleston, SC 29406

    View on Map
    • Land
    • 4.23 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Salamander Rd

    Lot size
    4.23 lot acres
    Property type
    Land

    Description

    This exceptional 4.23-acre commercial land parcel, located at 0 Salamander Road in North Charleston, South Carolina, presents a unique investment opportunity. Zoned R1 by the City of North Charleston, this property is ideally suited for a single-family residential build-to-rent development. Preliminary plans envision 32 residential lots, each with a 20' x 40' building pad. The property has already undergone significant pre-development work, including a Phase 1 environmental assessment, geotechnical report, topographic and boundary surveys, a tree survey, and a traffic study. Title work is also complete. The property is currently progressing through the engineering, entitlement, and permitting processes, and will be delivered with all necessary approvals in place for immediate development commencement. This streamlined process significantly reduces time and cost associated with typical land acquisition and development. The property's location in Charleston County, zip code 29406, offers excellent access to major transportation routes and amenities. This is a rare opportunity to acquire a fully prepared development site ready for immediate construction. Don't miss this chance to capitalize on the strong demand for residential housing in the North Charleston area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0702
    Latitude
    32.965

    Comparable in this City

    • Value Estimation by Request
      3.57 Acres

      Parcel 8

      Land
      0 Parcel 8, Hanahan, SC 29406
      View Details
    • Value Estimation by Request
      1.53 Acres

      Northwoods Blvd

      Land
      0 Northwoods Blvd, North Charleston, SC 29406
      View Details
    • Value Estimation by Request
      0.34 Acres

      8899 Old University Blvd

      Land
      8899 Old University Blvd, North Charleston, SC 29406
      View Details
    • Value Estimation by Request
      0.19 Acres

      2137 Easy St

      Flex space
      2137 Easy St, Charleston, SC 29406
      View Details
    • Value Estimation by Request
      0.33 Acres

      5632 Rhett Ave

      Land
      5632 Rhett Ave, North Charleston, SC 29406
      View Details
    • Value Estimation by Request

      9231 Medical Plz Dr

      COMMERCIAL CONDOMINUIM
      9231 Medical Plz Dr, North Charleston, SC 29406-9101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Lot on Hidden Lakes

      Vacant lot on Hidden Lakes and Midland Park Rd.
      2625 Midland Park Rd, North Charleston, SC 29406
      View Details
    • $695,000
      1.15 Acres

      Industrial Land for Lease: Clay County

      19 Acres, BB-Zoned, Warehouse Potential
      5524 Rhett Ave, North Charleston, SC 29406
      View Details
    • $900,000
      0.80 Acres

      Multifamily Development Opportunity Near Park Circle

      0.8-acre corner lot zoned R-2 for multifamily development.
      1628 Sumner Ave, North Charleston, SC 29406
      View Details
    • $900,000
      0.80 Acres

      Multifamily Development Opportunity Near Park Circle

      0.8-acre corner lot zoned for multifamily development.
      1634 Sumner Ave, North Charleston, SC 29406
      View Details
    • $120,000
      0.28 Acres

      North Charleston Land Opportunity

      Buildable lot in growing North Charleston market near major roads.
      2316 Otranto Rd, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Rivers Avenue Commercial Land Tract

      2.05 AC commercial land for lease on Rivers Avenue.
      1951 Hawthorne Dr, N Charleston, SC 29406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      89,298 SF

      Rivers Avenue Commercial Land

      2.05 Acres, B-2 Zoning, High Traffic
      1951 Hawthorne Dr, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Cleared Industrial Land Near Airport

      Leasable industrial land near Charleston International Airport.
      2398 W Aviation Ave, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Warehouse with Expansive Laydown Yard

      33,000 SF warehouse with 7.5 AC laydown yard for lease.
      5000 Lacross Rd, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      Undeveloped site with high visibility and convenient location.
      2155 Ashley Phosphate Rd, North Charleston, SC 29406
      View Details
    • $13 SF/Yr
      8,463 SF

      North Charleston Flex Space Available

      Modern Flex Space, Two Units Available
      5524 Dutton Ave, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Flex Space with Fenced Yard

      Freestanding flex building with office space and laydown yard.
      4952 Rivers Ave, North Charleston, SC 29406
      View Details
    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.
    Salamander Rd
    North Charleston, SC 29406
    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
    Salamander Rd, North Charleston, SC, 29406
    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!