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    4509 Savannah Hwy Ravenel, SC 29470
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    Property profile & analytics

    4509 Savannah Hwy, Ravenel, SC 29470

    View on Map
    • Warehouses
    • 40,216 SF
    • 4.11 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Ravenel Flex Space Available For Lease
    $15 SF/Yr
    4,533 SF

    Ravenel Flex Space Available

    Flex space with office, storage, and highway visibility.

    4509 Savannah Hwy, Ravenel, SC 29470
    View Listing
    Property ID
    US77-0080370
    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
    $7,955,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • W. Brown Heating & Air, LLC / Hardware & Home Improvement / HVAC Service
    • Tm Taylor Construction / Construction Company / General Contractor
    • Carolina Coffee Works / Cafe & Coffee Shop / Specialty Food Shop
    • Scotts Floral Wholesale / Big Box & Wholesale Store
    • NothingButBull.Com / Party Supply Store / Rental Equipment Company

    Property Details for 4509 Savannah Hwy

    Year built
    1999
    Lot size
    4.11 lot acres
    Property type
    Warehouses
    APN
    245-00-00-053
    APU
    2450000053

    Description

    This exceptional Ravenel, SC industrial property, located at 4509 Savannah Hwy, 29470, offers 41,000 square feet of versatile warehouse, flex, and manufacturing space across four single-story buildings. Recently renovated in 2024, the property boasts six available units ranging from 1,255 to 5,024 contiguous square feet, with a total of 12,558 square feet currently vacant. Two units enjoy high-visibility frontage on Highway 17, presenting significant retail potential. The expansive 4+ acre site includes ample parking and a large, separately leasable lay-down area. A sizable lawn offers possibilities for outdoor uses such as a cafe or brewery. The property is offered on a triple net (NNN) lease basis, with estimated fees of $3.07 per square foot. This prime location provides easy access to major transportation routes and offers a unique blend of industrial and potential retail opportunities. Ideal for businesses seeking flexible, modern warehouse space in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,739,000
      Market price range: $4.16M - $8.83M
      AI Estimate
      $7,739,000
      Market price range: $4.16M - $8.83M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,750,000
      Current use
      COMMERCIAL (GENERAL)
      $9,245,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ravenel
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.1606
    Latitude
    32.7797
    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
    $76,357
    $0.00
    $0.00
    $270,000
    -
    $1,250,000
    $3,250,000
    $4,500,000

    Comparable in this City

    • Value Estimation
      $8,225,000
      79,440 SF

      4541 Savannah Hwy

      WAREHOUSE, STORAGE
      4541 Savannah Hwy, Ravenel, SC 29470-5612
      View Details
    • Value Estimation
      $985,000
      6,720 SF

      Moberry Rd

      WAREHOUSE, STORAGE
      Moberry Rd, Ravenel, SC 29470
      View Details
    • Value Estimation by Request
      10.00 Acres

      5701 Hwy 165

      MANUFACTURING (LIGHT)
      5701 Hwy 165, Ravenel, SC 29470-5713
      View Details
    • Value Estimation by Request
      2,752 SF

      182 Tannenbaum Rd

      MANUFACTURING (LIGHT)
      182 Tannenbaum Rd, Ravenel, SC 29470-9502
      View Details
    • Value Estimation by Request
      150,379 SF

      7477 Savannah Hwy

      MANUFACTURING (LIGHT)
      7477 Savannah Hwy, Ravenel, SC 29470
      View Details
    • Value Estimation by Request
      20,000 SF

      5970 Sc-165

      Restaurants
      5970 Sc-165, Ravenel, SC 29470
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Ravenel Flex Space Available

      Flex space with office, storage, and highway visibility.
      4509 Savannah Hwy, Ravenel, SC 29470
      View Details
    • $15 SF/Yr

      Industrial Complex with Flexible Units

      Multi-building industrial complex with modern construction and efficient layouts.
      4509 Savannah Hwy, Ravenel, SC 29470
      View Details
    • Contact for pricing

      New Flex Space For Rent

      Brand new flex space near US-17 and Ravenel Town Hall.
      5970 Sc-165, Ravenel, SC 29470
      View Details
    • Contact for pricing

      Freestanding Restaurant in Growing Ravenel

      Freestanding restaurant with smokehouse in expanding Ravenel, South Carolina.
      6165 Savannah Hwy, Ravenel, SC 29470
      View Details
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      Retail and Office Space Available

      Retail and office spaces available for rent.
      4410 Savannah Hwy, Ravenel, SC 29470
      View Details
    View Listing
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    Ravenel, SC 29470
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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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