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    1010 Old Highway 52 Moncks Corner, SC 29461
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    1010 Old Highway 52 Moncks Corner, SC 29461

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    • Super regional malls
    • 8,000 SF
    • 0.70 lot acres
    For Sale
    $1,300,000
    View Listing →
    Moncks Corner Strip Center Investment For Sale
    $1,300,000
    8,000 SF

    Moncks Corner Strip Center Investment

    Fully leased strip center in high-traffic Moncks Corner location.

    1010 Old Highway 52, Moncks Corner, SC 29461
    View Listing
    Property ID
    US77-0131112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stoner's Pizza Joint Moncks Corner / Restaurant
    • Golden Touch Esthetician / Spa & Massage Center / Skin Care Clinic
    • Christian Congregation in the United States - CCUS Moncks Corner / Church
    • Heavenly Cheesecakes by Tony / Bakery / Specialty Food Shop
    • Short Trip Laundromat / (Bike/Boat/Book/etc) Store

    Property Details for 1010 Old Highway 52

    Year built
    1983
    Lot size
    0.70 lot acres
    Property size
    8,000 SF
    Zone code
    MONCKS CORNER - C-2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    142-00-01-044
    APU
    1420001044

    Description

    This exceptional investment opportunity presents a fully leased shopping center in Moncks Corner, South Carolina, at 1010 Old Hwy 52, zip code 29461. Currently boasting a 100% occupancy rate and a strong net operating income (NOI) of $84,000, resulting in a compelling 6.46% capitalization rate, this multi-tenant property is priced at $1,300,000. The property primarily operates under gross lease agreements, offering a significant upside potential. As lease renewals approach in 2024, there's a prime opportunity to transition to triple-net (NNN) leases and increase rental rates, currently slightly below market value. This presents a clear path to enhance profitability. The seller is also open to packaging this property with another fully leased strip mall located at 102 Berkeley Square Ln. in Berkeley County. This presents a unique opportunity to acquire a portfolio of stable, high-performing retail assets in a desirable South Carolina location. This is an excellent opportunity for investors seeking strong cash flow and future appreciation.

    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
    Moncks Corner
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0007
    Latitude
    33.1849
    CBSA code
    16700
    CBSA name
    CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,150
    $6,678
    $23,282
    $29,960
    -
    $157,500
    $549,100
    $706,600

    Comparable in this City

    • Value Estimation
      $1,660,000
      7,704 SF

      469 Hwy 52nd A Ste A

      REGIONAL SHOPPING CENTER, MALL • 7,704 SF
      469 Hwy 52nd A Ste A, Moncks Corner, SC 29461-3906
      View Details
    • Value Estimation by Request
      1,316 SF

      233 Main St Sta, Unit A

      REGIONAL SHOPPING CENTER, MALL • 1,316 SF
      233 Main St Sta, Moncks Corner, SC 29461-3767
      View Details
    • Value Estimation
      $1,395,000
      11,163 SF

      113 Hwy 52nd G Ste G

      REGIONAL SHOPPING CENTER, MALL • 11,163 SF
      113 Hwy 52nd G Ste G, Moncks Corner, SC 29461-3956
      View Details
    • Value Estimation
      $3,535,000
      9,000 SF

      116 Foxbank Plantation Blvd Ste A

      REGIONAL SHOPPING CENTER, MALL • 9,000 SF
      116 Foxbank Plantation Blvd Ste A, Moncks Corner, SC 29461-6742
      View Details
    • Value Estimation
      $1,715,000
      10,200 SF

      636 Rembert C Dennis Blvd Ste F

      REGIONAL SHOPPING CENTER, MALL • 10,200 SF
      636 Rembert C Dennis Blvd Ste F, Moncks Corner, SC 29461-3148
      View Details
    • Value Estimation
      $1,610,000
      7,500 SF

      503 Hwy 52nd Ste E E Ste

      REGIONAL SHOPPING CENTER, MALL • 7,500 SF
      503 Hwy 52nd Ste E E Ste, Moncks Corner, SC 29461-3134
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Moncks Corner Strip Center Investment

      Fully leased strip center in high-traffic Moncks Corner location.
      1010 Old Highway 52, Moncks Corner, SC 29461
      View Details
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      Moncks Corner Vacant Land

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      Land For Sale

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      Commercial Land Near Pruitt Health

      Commercial land for sale across from Pruitt Health Center.
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    Similar Nearby for Lease

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      Retail Space with Drive-Thru

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      Retail Space in Developing District

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      Retail Space in Nexton

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      Moncks Corner Commercial Property Available

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      Moncks Corner Commercial Space For Lease

      Commercial lease featuring indoor space, outdoor storage, and ample parking.
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      7,490 SF

      Moncks Corner Medical Office Sublease

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      View Details
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    Moncks Corner, SC 29461
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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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