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    8819 Dorchester Rd North Charleston, SC 29420
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    8819 Dorchester Rd, North Charleston, SC 29420

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    • Lifestyle centers
    Off-Market
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 8819 Dorchester Rd

    Year built
    2023
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional Class A retail opportunity is located within Cedar Grove Commons, a thriving neighborhood shopping center in North Charleston's primary growth corridor. The center boasts a strong anchor tenant lineup including Lidl, Ross, Petsmart, Five Below, Ulta, and Homegoods, ensuring high foot traffic and visibility. Currently, two spaces are available, offering flexible sizes to accommodate a variety of retail businesses. Shop A, a 2,200 square foot end-cap unit (Suite 103), provides excellent street frontage and visibility. Shop C, an inline 1,400 square foot unit (Suite 103), offers a convenient and accessible location within the center. The center's tenant mix is diverse and includes popular establishments such as Buffalo Wild Wings, First Watch, European Wax Center, Chicken Salad Chick, Fifth Third Bank, America's Best Contacts & Glasses, Firehouse Subs, and A Nails Studio. The property benefits from an excellent location with high visibility and frontage on Dorchester Road, along with signalized access at the intersection of Dorchester and Trump Streets. The building was constructed in 2023, ensuring modern amenities and a high-quality environment. Space is available from 1,400 to 2,200 contiguous square feet. Lease rates are available upon request. This is an unparalleled opportunity to establish a presence in a rapidly growing area with strong demographics and significant consumer spending.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1283
    Latitude
    32.9263

    Comparable in this City

    • Value Estimation
      $730,000
      5,400 SF

      8600 Dorchester Rd

      SHOPPING CENTER, STRIP CENTER
      8600 Dorchester Rd, North Charleston, SC 29420-7382
      View Details
    • Value Estimation
      $640,000
      10,374 SF

      8465 Dorchester Rd

      SHOPPING CENTER, STRIP CENTER
      8465 Dorchester Rd, North Charleston, SC 29420-7307
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    • Value Estimation
      $930,000
      14,231 SF

      8636 Dorchester Rd

      SHOPPING CENTER, STRIP CENTER
      8636 Dorchester Rd, Charleston, SC 29420-7479
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    • Value Estimation by Request
      15,000 SF

      8120 Windsor Hill Blvd

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    • Value Estimation by Request
      2,000 SF

      5401 Netherby Ln

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      5401 Netherby Ln, North Charleston, SC 29420
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    • Value Estimation
      $2,245,000
      53,899 SF

      8421 Dorchester Rd

      REGIONAL SHOPPING CENTER, MALL
      8421 Dorchester Rd, North Charleston, SC 29420-7307
      View Details

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    North Charleston, SC 29420
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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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    8819 Dorchester Rd, North Charleston, SC, 29420
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