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    413 Drive In Ln Moncks Corner, SC 29461
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    Property profile & analytics

    413 Drive In Ln, Moncks Corner, SC 29461

    View on Map
    • Retail space
    • 2,687 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US77-0909358
    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

    • Singletary Insurance Agency Inc. / Insurance Agency
    • Jimmy John's / Take-out & Catering

    Property Details for 413 Drive In Ln

    Year built
    2023
    Lot size
    0.55 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 24, 2023 — D&d Real Estate LLC — Deed · related $200k · Intrust Bank NA
    Jan 10, 2022 — D&d Real Estate LLC — Deed · related $1M · Intrust Bank NA
    May 5, 2021 $310,000 D&d Real Estate LLC Trail Race Crossing LLC Deed —

    Description

    This exceptional investment opportunity presents a brand-new, two-tenant retail strip center in Moncks Corner, South Carolina, boasting a 6.00% capitalization rate. Located at 413 Drive In Ln, this 2,687 square foot property sits on a 0.55-acre lot and is 100% occupied by Subway, Jimmy John's Sandwiches, and Jersey Mike's. The center enjoys a prime location directly across from a Walmart Supercenter, providing exceptional visibility and high traffic volume. Situated off busy N US Hwy 52, with a daily traffic count of 27,355 vehicles, the property benefits from excellent accessibility and exposure. Surrounding businesses include Verizon, Murphy Oil, Firehouse Subs, Dollar Tree, and T-Mobile, creating a thriving retail environment. Built in 2023, the property features NNN leases with built-in rent bumps, minimizing landlord responsibilities and ensuring long-term stability. The Charleston MSA's robust economic growth, fueled by developments like the Berkeley County Commerce Park and the Volvo Cars plant, further enhances the investment's potential. The established national brand, Jimmy John's, anchors the property, providing a strong and reliable tenant base. This turnkey investment offers a compelling combination of high visibility, strong tenant occupancy, and significant growth potential within a dynamic market. The property's Net Operating Income (NOI) is $94,785, and the asking price is $1,579,750.

    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
    -79.98472133
    Latitude
    33.20782549

    Comparable in this City

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      Moncks Corner Strip Center Investment

      Fully leased strip center in high-traffic Moncks Corner location.
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    • $425,000
      10.71 Acres

      Moncks Corner Vacant Land

      10.7 +/- acres of vacant land in Moncks Corner, SC.
      123 Kyseth Ln, Moncks Corner, SC 29461
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      Land with Mobile Homes

      Land for sale with two mobile homes in "as is" condition.
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      Lake Moultrie Waterfront Lot

      1.1 acre lot on Lake Moultrie with utilities.
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    Similar Nearby for Sale

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      2,376 SF

      Moncks Corner Retail/Office Space

      3,000 SF space in the heart of Moncks Corner.
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      8,000 SF

      Moncks Corner Strip Center Investment

      Fully leased strip center with potential for increased rental income.
      1010 Old Us 52, Moncks Corner, SC 29461
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    • $1,300,000

      Moncks Corner Strip Center Investment

      Fully leased strip center in high-traffic Moncks Corner location.
      Moncks, Moncks Corner, SC 29461
      View Details
    • $425,000
      10.71 Acres

      Moncks Corner Vacant Land

      10.7 +/- acres of vacant land in Moncks Corner, SC.
      123 Kyseth Ln, Moncks Corner, SC 29461
      View Details
    • Contact for pricing

      Land with Mobile Homes

      Land for sale with two mobile homes in "as is" condition.
      357 Gibbs Hill Rd, Moncks Corner, SC 29461
      View Details
    • $260,000
      1.10 Acres

      Lake Moultrie Waterfront Lot

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      1420 Pinopolis Rd, Moncks Corner, SC 29461
      View Details

    Similar Nearby for Lease

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      1,368 SF

      Retail Space with Drive-Thru

      1,368 SF retail space with drive-thru in bustling development.
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      49,065 SF

      Grocery Store Opportunity

      49,065 SF grocery box available for lease.
      110 Us 52, Moncks Corner, SC 29461
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    • $95,000

      Moncks Corner Commercial Property Available

      Commercial property available for rent in Moncks Corner, SC.
      447 Highway 52 N, Moncks Corner, SC 29461
      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.

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