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Property profile & analytics
OFF-MARKET Estimated value $2,025,000
Commercial real estate

5117 Dorchester Rd North Charleston, SC 29418-5644

7,056 SF 1.03 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US77-3052896
Property summary
AI-generated overview

Academy Plaza, a vibrant retail center built in 2001, offers two exceptional spaces for lease, totaling 2,142 square feet of vacant space. Located on Dorchester Road, this property boasts excellent visibility and a strong tenant mix, ensuring high foot traffic and a thriving commercial environment. The center is zoned for General Business (APN: 408-15-00-061), providing flexibility for a variety of retail uses. Currently, successful businesses such as EL TRIUNFO (a well-established Mexican grocery store), Hazel & Hanks Gourmet Market, a Women's Boutique, and Taste of Thai Express call Academy Plaza home. This diverse tenant mix creates a synergistic atmosphere, attracting a broad customer base. The available spaces range in size, offering options to suit various business needs. One space measures 1,210 square feet, while the other encompasses 2,142 square feet. This prime location and established tenant base make Academy Plaza an exceptional opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment. The property's strategic placement on Dorchester Road ensures maximum exposure to potential customers, contributing to a high return on investment. The existing tenants are well-established and contribute to a vibrant and successful shopping center. This is a rare opportunity to join a thriving retail community in a highly visible location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 7,056 SF
Lot 1.03 ac (44,867 SF)
APN 408-15-00-061
UPID US77-3052896
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
$1.47M
Comparable Approach Comparable
$2.64M
Blend (final) Blend
$2.03M
Owner & transaction history
Mcdew LLC · 3 yrs held
Mcdew LLC
since 2022
Last sale
$2.0M
2 recorded transactions
2022
$2.0M
2017
$900,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.4M +41.4%
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