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Property profile & analytics
FOR LEASE
Retail space
5060 Dorchester Rd North Charleston, SC 29418
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-0905468
For Lease
1 / 2
$26 SF/Yr
5060 Dorchester Rd, North Charleston, SC 29418
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Total area
58,333 SF
Lot
9.58 ac (417,305 SF)
APN
408-12-00-002
UPID
US77-0905468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.09M
Comparable Approach
Comparable
$12.94M
Blend (final)
Blend
$13.28M
Owner & transaction history
Rap Development LLC · 2 yrs held
Rap Development LLC
since 2024
Last sale
$17.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.2M
+7.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Charleston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,090,000
6.5%
$12,085,000
7%
$11,220,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,210,000
Current use
COMMERCIAL (GENERAL)
$14,175,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$13.28M
Range $11.95M – $14.60M · ±10% · vs last sale $17.00M (Mar 18 2024)
Last sale anchor
$17.00M
Mar 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$228 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$216,002
Tax year 2023
Assessed value
$644,120
Assessed 2023
Previous assessed
$356,120
+80.9% YoY
Effective rate
33.53%
On assessed value
Land market value
$3,400,000
Improvement market value
$7,500,000
Total market value
$10,900,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1971
Heating
FORCED AIR
Stories
1
Total area
58,333 SF
Lot
9.58 ac (417,305 SF)
APN
408-12-00-002
UPID
US77-0905468
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.2M
COMMERCIAL (GENERAL)
Est. value
$14.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
FORCED AIR
Stories
1
Lot
9.58 ac
Current owner
From public records · entity-resolved
Rap Development LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1124 PARK W BLVD STE #101, MOUNT PLEASANT, SC 29466-7158
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
—
Rap Development LLC
1001 Harborview LLC
Quit Claim Deed
related
—
Jun 18, 2024
$17,000,000
Ocs Woodlock Montague Corners Holdi
1001 Harborview LLC
Limited Warranty Deed
$13,125,000 · Lmf Commercial LLC
Sep 17, 2020
$118,700
1001 Harborview LLC
C Level Investments LLC
Warranty Deed
related
$3,954,822 · Ameris Bk
Aug 21, 2020
—
C Level Investments LLC
—
Deed
related
$9,000,000 · Wells Fargo Bk
Jun 23, 2017
—
C Level Investments LLC
—
Grant Deed
related
$9,000,000 · Wells Fargo Bk
Sep 22, 2008
$507,500
First Citizens Bk & Trust Co INC
C Level Investments LLC
Grant Deed
related
—
Jul 26, 2007
$2,500,000
C Level Investments LLC
Brossy,harold L
Grant Deed
—
—
—
C Level Investments LLC
—
Deed Of Trust
related
$9,000,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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