5075 Dorchester Rd North Charleston, SC 29418-5627
Property profile & analytics
5075 Dorchester Rd, North Charleston, SC 29418-5627
- Retail space
- 8,819 SF
- 0.69 lot acres
Property ID
US77-0234188
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 5075 Dorchester Rd
- Year built
- 1960
- Lot size
- 0.69 lot acres
- Property type
- Retail space
- APN
- 408-15-00-073
- APU
- 4081500073
Description
This newly renovated 6,161 square foot shopping center in North Charleston, South Carolina presents a compelling investment opportunity. Located at 5075 Dorchester Rd, 29418, this multi-tenant property boasts a strong 10.13% cap rate and a net operating income (NOI) of $110,916, priced at $1,095,000 ($177.73/sq ft). The property underwent a complete renovation in Spring 2023, including a new roof, HVAC systems, wiring, and plumbing. This significantly reduces potential maintenance expenses for the new owner. The limited landlord liability structure, with tenants responsible for CAM, insurance, taxes, HVAC, and roof repairs, further minimizes risk and operational overhead. Current leases allow for annual rent adjustments of up to 10-20%, providing potential for increased income. There are currently no vacancies, and strong tenant interest persists. The property benefits from its location in a high-growth corridor, within a half-mile of Greystar's new 336-unit multifamily development, Montague Corners, and across the street from national retailers like Planet Fitness, Dollar General, and Save-A-Lot. Its proximity to the Charleston International Airport (within a 10-minute drive) and the ongoing 70-acre riverfront master development plan near the North Charleston Naval Base further enhances its investment appeal. Charleston-North Charleston's robust economic growth, ranking first in fastest-growing metro economies in June, according to the Bureau of Labor Statistics, underscores the property's potential for long-term value appreciation. This high-return investment is particularly attractive in the current high-interest-rate environment, making it ideal for both in-state and out-of-state investors seeking a short-term, high-yield opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,060,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,705,000
- 6.5%
- $1,575,000
- 7%
- $1,460,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,481,000
- AI Estimate
- $1,481,000
Market price range: $1.48M - $5.96MMarket price range: $1.48M - $5.96M
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Location Insight
- Map
- Local Demand
- City
- North Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -80.0341
- Latitude
- 32.8565
- 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
$10,736
$0.00
$0.00
$33,000
-
$320,000
$230,000
$550,000
