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    3642 Savannah Hwy Johns Island, SC 29455
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    3642 Savannah Hwy, Johns Island, SC 29455

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    • Retail properties & Spaces
    • 58,841 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nursing Informatics Institute, Inc / Training Center
    • Southside Animal Hospital / Veterinary Clinic
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Charleston Creamery / Grocery & Convenience Store / Specialty Food Shop
    • The UPS Store / Courier Service / Postal Service

    Property Details for 3642 Savannah Hwy

    Property type
    Retail properties & Spaces

    Description

    West Ashley Place, located at 3642 Savannah Hwy, Johns Island, SC 29455, presents a prime retail opportunity within a thriving shopping center. This Publix-anchored center boasts a total of 58,841 square feet and features a diverse tenant mix of both national and local businesses, ensuring high foot traffic and visibility. Currently, there is vacant retail space available, ranging from a minimum of 1,530 square feet to a maximum of 3,980 square feet, providing flexibility for various business needs. The property's strategic location on Savannah Highway in Johns Island, South Carolina offers excellent access and exposure to a significant consumer base. The center's established tenant roster and strong anchor tenant create a stable and attractive investment opportunity. This is an ideal location for businesses seeking high visibility and a proven track record of success within a well-established retail environment. The available space is perfect for a variety of retail concepts, offering a chance to become part of a vibrant and successful shopping destination. Interested parties are encouraged to inquire about lease terms and availability for this exceptional retail space. The property is situated at latitude 32.8049807 and longitude -80.1110258.

    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
    Johns Island
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.111
    Latitude
    32.805

    Comparable in this City

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      1198 Bees Ferry Rd

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      $4,685,000
      27,893 SF

      3155 Maybank Hwy

      RETAIL STORES (PERSONAL SERVICES)
      3155 Maybank Hwy, Johns Island, SC 29455-4838
      View Details

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    Similar Nearby for Lease

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      Maybank Landing: Class A Office Space

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      Johns Island Retail Space

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      Retail and Service Opportunity

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      Publix Anchored Retail Center

      58,841 SF retail center with national and local tenants.
      3642 Savannah Hwy, Johns Island, SC 29455
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Johns Island

      Retail space for lease in a bustling commercial district.
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      Showroom and Office Space

      1,000 SF showroom/office space on Maybank Highway for rent.
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    Johns Island, SC 29455
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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.

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