Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    301 Red Bank Rd Goose Creek, SC 29445-4503

    • Office buildings
    • 3,216 SF
    • 1.63 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2020
    $1,050,000
    Value Estimations
    $1,080,000
    Show details
    Cap Rate Potential
    3.3%
    Office buildings
    Location Intelligence
    Property ID
    US77-1172599
    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

    • Office buildings

    Property Details for 301 Red Bank Rd

    Lot size
    1.63 lot acres
    Property size
    3,216 SF
    Zone code
    GOOSE CREEK - GC
    Property type
    Office buildings
    APN
    244-13-04-021
    APU
    2441304021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,455,000
      ML approach
      $1,425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $740,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $767,000
      Market price range: $286k - $767k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,220,000
      Current use
      COMMERCIAL (GENERAL)
      $1,330,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Goose Creek
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0322
    Latitude
    32.9855
    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
    $21,645
    $31,338
    $39,852
    $71,190
    -
    $522,300
    $664,200
    $1,186,500

    Comparable in this City

    • Value Estimation
      $1,595,000
      7,932 SF

      567 Crowfield Blvd

      OFFICE BUILDING • 7,932 SF
      567 Crowfield Blvd, Goose Creek, SC 29445-5538
      View Details
    • Value Estimation by Request
      1,330 SF

      124 Goose Crk Blvdc

      OFFICE BUILDING • 1,330 SF
      124 Goose Crk Blvdc, Goose Creek, SC 29445-3136
      View Details
    • Value Estimation by Request
      1,634 SF

      122 Goose Crk Blvdb

      OFFICE BUILDING • 1,634 SF
      122 Goose Crk Blvdb, Goose Creek, SC 29445-3136
      View Details
    • Value Estimation by Request
      1,040 SF

      597 Old Mt Holly Rd Ste, Unit 301

      OFFICE BUILDING • 1,040 SF
      597 Old Mt Holly Rd Ste, Goose Creek, SC 29445-2834
      View Details
    • Value Estimation by Request
      1,344 SF

      238 Eagle Rd

      OFFICE BUILDING • 1,344 SF
      238 Eagle Rd, Goose Creek, SC 29445-5960
      View Details
    • Value Estimation by Request
      1,518 SF

      122 Red Bank Rd

      OFFICE BUILDING • 1,518 SF
      122 Red Bank Rd, Goose Creek, SC 29445-6502
      View Details

    Similar Nearby for Sale

    • $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
    • $409,000
      2,375 SF

      Twin Garden Home with Pool

      Well-maintained home with pool, flex space, and community amenities.
      108 Dresden Dr, Goose Creek, SC 29445
      View Details
    • $499,000
      12.00 Acres

      Goose Creek Prime Land

      12 acres of land in Goose Creek, South Carolina.
      112 Wright Ln, 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
    • $99,250
      1.19 Acres

      Goose Creek Commercial Land

      1.19 acre commercial land for sale in Goose Creek.
      125 Addison Dr, Goose Creek, SC 29445
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $19 SF/Yr

      Retail Space in Goose Creek

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

      Retail Space in Goose Creek

      Retail suites available for lease in Goose Creek, SC.
      1316 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

    Property Visit Statistics

    • Visits by month
      6.6k
    • Visitors by month
      4.1k
    • Avg Time on site
      39 min
    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.
    301 Red Bank Rd
    Goose Creek, SC 29445-4503
    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.
    Sign Up Successful!
    You now have access to more from Realmo!