Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2803 Maybank Hwy Johns Island, SC 29455

    • Retail space
    • 9,798 SF
    • 1.78 lot acres
    For Sale
    View listing
    $4,328,421
    Last Sale
    Dec 02, 2020
    $3,842,990
    Value Estimations
    Cap Rate Potential
    2.8%
    Retail space
    Location Intelligence
    Property ID
    US77-0952926
    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

    • CVS Photo / Photo Lab / Photo Shop
    • CDReload - Online Bitcoin ATM / Money Transfer Service / Atm
    • Coinhub Bitcoin ATM Teller / Atm
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • MoneyGram / Money Transfer Service

    Property Details for 2803 Maybank Hwy

    Year built
    2000
    Lot size
    1.78 lot acres
    Property size
    9,798 SF
    Property type
    Retail space
    APN
    313-00-00-165
    APU
    3130000165

    Description

    This exceptional investment opportunity presents a 9,798 square foot CVS Pharmacy located at 2803 Maybank Highway on Johns Island, South Carolina. The property boasts a strong 4.75% cap rate and a substantial net operating income (NOI) of $205,600. The lease is an absolute triple-net (NNN) structure, providing investors with significant protection. With a remaining lease term of over 10.6 years, extending to June 30, 2035, and featuring four 5-year renewal options with 5% rent bumps, this investment offers exceptional long-term stability and growth potential. The property sits on a 1.78-acre lot and was built in 1999. The tenant, CVS, is a Fortune 500 company with a corporate guarantee, providing significant creditworthiness and security. The location benefits from high visibility on Maybank Highway, experiencing over 26,000 vehicles per day, and is situated near a Harris Teeter-anchored retail center currently under development. Johns Island is a thriving community within the Charleston MSA, boasting an affluent population with an average household income exceeding $95,000 within a 5-mile radius, and is conveniently located less than 10 miles from downtown Charleston. This offering presents a rare opportunity to acquire a high-quality, net-leased property anchored by a creditworthy national tenant in a prime location. The asking price is $4,328,421, translating to a price per square foot of $441.77.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,586,000
      Market price range: $1.65M - $6.62M
      AI Estimate
      $6,586,000
      Market price range: $1.65M - $6.62M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,365,000
      Current use
      RESTAURANT
      $7,965,000
      Change: +137% Conversion: Easy
      COMMERCIAL (GENERAL)
      $6,565,000
      Change: +95% Conversion: Easy
      OFFICE BUILDING
      $5,205,000
      Change: +55% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Johns Island
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0384
    Latitude
    32.7428
    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
    $64,785
    $0.00
    $0.00
    $231,000
    -
    $850,000
    $3,000,000
    $3,850,000

    Comparable in this City

    • Value Estimation
      $4,685,000
      27,893 SF

      3155 Maybank Hwy

      RETAIL STORES (PERSONAL SERVICES) • 27,893 SF
      3155 Maybank Hwy, Johns Island, SC 29455-4838
      View Details
    • Value Estimation
      $5,630,000
      8,332 SF

      205 Farm Lk Vw

      RETAIL STORES (PERSONAL SERVICES) • 8,332 SF
      205 Farm Lk Vw, Johns Island, SC 29455-5953
      View Details
    • Value Estimation
      $1,325,000
      5,000 SF

      150 Main Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      150 Main Rd, Johns Island, SC 29455-3446
      View Details
    • Value Estimation
      $11,330,000
      60,592 SF

      3575 Maybank Hwy

      RETAIL STORES (PERSONAL SERVICES) • 60,592 SF
      3575 Maybank Hwy, Johns Island, SC 29455-4823
      View Details
    • Value Estimation
      $3,895,000
      12,312 SF

      3575 Maybank Hwy

      RETAIL STORES (PERSONAL SERVICES) • 12,312 SF
      3575 Maybank Hwy, Johns Island, SC 29455-4823
      View Details
    • Value Estimation by Request
      20,774 SF

      165 Vlg Grn Dr

      RETAIL STORES (PERSONAL SERVICES) • 20,774 SF
      165 Vlg Grn Dr, Johns Island, SC 29455-5476
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75,574 SF

      Mixed-Use Retail Development on Maybank

      Class A retail and flex space development on Maybank Highway.
      Maybank Hwy, Johns Island, SC 29455
      View Details
    • Contact for pricing
      4,000 SF

      Showroom and Office Space

      1,000 SF showroom/office space on Maybank Highway, Johns Island.
      3430 Maybank Hwy, Johns Island, SC 29455
      View Details
    • $1,900,000

      Established Automotive Business on Johns Island

      2.75 acre parcel with existing automotive service business.
      3188 River Rd, Johns Island, SC 29455
      View Details
    • $1,900,000
      4,500 SF

      Johns Island Auto Shop - $1.9M

      Established Auto Business & Land
      3188 Riv Rd. Johns Is, Johns Island, SC 29455
      View Details
    • $2,750,000
      12.03 Acres

      Secluded Island Retreat Land

      4.03 acres high ground, 8 acres marshland, private dock.
      Hoopstick Is Rd, Johns Island, SC 29455
      View Details
    • $722,500
      0.49 Acres

      Headquarters Island Deep-Water Lot

      Premier deep-water lot on Headquarters Island near Charleston.
      1875 Headquarters Plantation Dr, Johns Island, SC 29455
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,005 SF

      Retail Space in Johns Island

      Retail space available for lease in Johns Island, SC.
      165 Village Green Dr, Johns Island, SC 29455
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space in Johns Island

      Retail space for lease in a bustling commercial district.
      3874 Savannah Hwy, Johns Island, SC 29455
      View Details
    • $30 SF/Yr
      1,000 SF

      Showroom and Office Space

      1,000 SF showroom/office space on Maybank Highway for rent.
      3436 Maybank Hwy, Johns Island, SC 29455
      View Details
    • $30 SF/Yr
      58,136 SF

      Maybank Hwy

      Office Properties & Spaces • 58,136 SF
      0 Maybank Hwy, Wadmalaw Island, SC 29455
      View Details
    • $15 SF/Yr
      75,574 SF

      Maybank Landing: Class A Office Space

      Seabrook Island Office & Retail: 11 Suites Available
      0 Maybank Hwy, Wadmalaw Island, SC 29455
      View Details
    • Contact for pricing
      58,841 SF

      West Ashley Place Retail Center

      Johns Island Shopping Center - Space Available
      3642 Savannah Hwy, Johns Island, SC 29455
      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.
    2803 Maybank Hwy
    Johns Island, SC 29455
    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

    Google sign-in failed. Please try again or use another login method.