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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 Central Ave Ste, Unit 3 Goose Creek, SC 29445-3079

    • Retail space
    • 576 SF
    OFF-MARKET
    Last Sale
    Aug 31, 2022
    $175,000
    Value Estimations
    $115,000
    Show details
    Cap Rate Potential
    6.7%
    Retail space
    Location Intelligence
    Property ID
    US77-1467515
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 108 Central Ave Ste

    Year built
    2005
    Property size
    576 SF
    Zone code
    GOOSE CREEK - VN
    Property type
    Retail space
    APN
    243-04-00-068
    APU
    2430400068

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $115,000
      ML approach
      $90,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $130,000
      6.5%
      $120,000
      7%
      $110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $109,000
      Market price range: $24.4k - $109k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $130,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $165,000
      Change: +25% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Goose Creek
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0399
    Latitude
    33.0069
    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
    2023
    $3,158
    $1,344
    $9,504
    $10,848
    -
    $22,400
    $158,400
    $180,800

    Comparable in this City

    • Value Estimation
      $230,000
      2,550 SF

      103 Goose Crk Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,550 SF
      103 Goose Crk Blvd, Goose Creek, SC 29445-2964
      View Details
    • Value Estimation
      $210,000
      2,788 SF

      405 Red Bank Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,788 SF
      405 Red Bank Rd, Goose Creek, SC 29445-4505
      View Details
    • Value Estimation
      $230,000
      10,320 SF

      1420 Red Bank Rd, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 10,320 SF
      1420 Red Bank Rd, Goose Creek, SC 29445-4509
      View Details
    • Value Estimation
      $185,000
      10,200 SF

      925 Red Bank Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,200 SF
      925 Red Bank Rd, Goose Creek, SC 29445-4579
      View Details
    • Value Estimation
      $155,000
      10,541 SF

      1326 Red Bank Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,541 SF
      1326 Red Bank Rd, Goose Creek, SC 29445-4584
      View Details
    • Value Estimation
      $185,000
      5,100 SF

      112 Goose Crk Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,100 SF
      112 Goose Crk Blvd, Goose Creek, SC 29445-3136
      View Details

    Similar Nearby for Sale

    • $930,000
      5,250 SF

      Goose Creek Strip Center

      Fully leased strip center in booming Goose Creek retail area.
      102 Berkeley Square Ln, Goose Creek, SC 29445
      View Details
    • $2,515,000
      14,600 SF

      Occupied Retail Strip in Goose Creek

      Multitenant retail strip with value-add potential in Goose Creek, SC.
      107-109 Saint James Ave, Goose Creek, SC 29445
      View Details
    • $1,465,680
      12,214 SF

      Goose Creek Office Space - 12,214 SF

      12,214 SF Office, Prime Location, Charleston Suburb
      597 Old Mount Holly Rd, Goose Creek, SC 29445
      View Details
    • $1,924,910
      11,323 SF

      Goose Creek Office Building For Sale

      11,323 SF Office, Prime Location
      597 Old Mount Holly Rd, Goose Creek, SC 29445
      View Details
    • $535,000
      1.00 Acre

      Goose Creek Acreage Opportunity

      Approximately 1 acre of land in a fast-growing area.
      369 Old Mount Holly Rd, Goose Creek, SC 29445
      View Details
    • $150,000
      0.95 Acres

      Residential Land in Goose Creek

      0.95 acre residential land in a prime location.
      Wright Ln, Goose Creek, SC 29445
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      7,053 SF

      Retail Space in Goose Creek

      End-cap retail unit in a well-located shopping center.
      428 Red Bank Rd, Goose Creek, SC 29445
      View Details
    • $11 SF/Yr
      8,450 SF

      Retail Suites in Goose Creek

      Retail suites available for lease in Goose Creek, SC.
      1316 Red Bank Rd, Goose Creek, SC 29445
      View Details
    • $6 SF/Yr
      500,000 SF

      6 Corporate Pkwy Warehouse Space

      Charleston Distribution Center: Sublease Opportunity
      6 Corporate Pkwy, Goose Creek, SC 29445
      View Details
    • $18 SF/Yr
      93,607 SF

      Medway Executive Park Office Suites

      Prime Berkeley County Office Space
      597 Old Mount Holly Rd, Goose Creek, SC 29445
      View Details
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    108 Central Ave Ste, Unit 3
    Goose Creek, SC 29445-3079
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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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