Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8020 Dorchester Rd Charleston, SC 29418-2923

    • Retail space
    • 9,150 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2022
    $1,125,000
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    8.9%
    Retail space
    Location Intelligence
    Property ID
    US77-2199529
    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.

    Current Use by Public Records

    • Elevated Styles Beauty and Barbershop / Barber Shop
    • Passion Academy Child Development / School

    Property Details for 8020 Dorchester Rd

    Year built
    1987
    Construction
    METAL FRAME
    Lot size
    0.69 lot acres
    Property size
    9,150 SF
    Zone code
    CG_DC
    Property type
    Retail space
    APN
    181-07-01-013
    APU
    1810701013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,130,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,055,000
      6.5%
      $1,895,000
      7%
      $1,760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,088,000
      Market price range: $1.09M - $3.13M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,070,000
      Current use
      COMMERCIAL (GENERAL)
      $2,225,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.0953
    Latitude
    32.9081
    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
    $25,989
    $19,044
    $28,158
    $47,202
    -
    $317,400
    $469,300
    $786,700

    Comparable in this City

    • Value Estimation by Request
      152,804 SF

      4900 Ctr Pointe Dr

      RETAIL STORES (PERSONAL SERVICES) • 152,804 SF
      4900 Ctr Pointe Dr, North Charleston, SC 29418-6927
      View Details
    • Value Estimation by Request
      49,091 SF

      7550 Dorchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 49,091 SF
      7550 Dorchester Rd, North Charleston, SC 29418-3317
      View Details
    • Value Estimation
      $260,000
      7,448 SF

      3976 Ashley Phosphate Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,448 SF
      3976 Ashley Phosphate Rd, North Charleston, SC 29418-8549
      View Details
    • Value Estimation
      $240,000
      7,500 SF

      3974 Ashley Phosphate Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      3974 Ashley Phosphate Rd, North Charleston, SC 29418
      View Details
    • Value Estimation by Request
      10.05 Acres

      5000 Topgolf Way

      Individual retail properties • 10.05 Acres
      5000 Topgolf Way, North Charleston, SC 29418
      View Details
    • Value Estimation by Request
      16,920 SF

      Dorchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,920 SF
      Dorchester Rd, North Charleston, SC 29418
      View Details

    Similar Nearby for Sale

    • $7,045,228
      2,800 SF

      New Retail Property For Sale

      New construction retail property with high traffic and strong tenant.
      4865 Tanger Outlet Blvd, North Charleston, SC 29418
      View Details
    • $39,342,600
      48,000 SF

      Retail Property with Mini Golf

      Retail property featuring a 9-hole mini golf course.
      5090 International Blvd, North Charleston, SC 29418
      View Details
    • $975,000
      5 SF

      Commercial Property Suited for Automotive Service

      Well-maintained commercial property ideal for automotive service or investment.
      5095 Dorchester Rd North Charleston, North Charleston, SC 29418
      View Details
    • Contact for pricing
      1.36 Acres

      North Charleston Industrial Land Sale

      1.36-Acre Industrial Lot, Fully Leased
      7164 Bryhawke Cir, North Charleston, SC 29418
      View Details
    • Contact for pricing
      7,703 SF

      Industrial Building with Secured Yard

      7,703 SF industrial building on 2.06 acres.
      4738 Franchise St, North Charleston, SC 29418
      View Details
    • $69,900
      0.14 Acres

      Vacant Land in North Charleston

      Vacant land available in North Charleston, South Carolina.
      Tuskegee Dr, North Charleston, SC 29418
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,271 SF

      Dorchester Road Retail Space

      High-traffic retail space available in North Charleston.
      7550 Dorchester Rd, North Charleston, SC 29418
      View Details
    • Contact for pricing

      Secured Truck Parking with Office

      Secured truck parking with renovated office trailers for lease.
      7164 Bryhawke Cir, North Charleston, SC 29418
      View Details
    • $28 SF/Yr
      52,480 SF

      McCall Center Retail Space

      North Charleston retail center, 2 suites available
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • Contact for pricing
      175,000 SF

      Uptown at Centre Pointe Retail Spaces

      Prime North Charleston Retail Opportunity
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $13 SF/Yr
      3,352 SF

      Academy Plaza Retail Center

      Dorchester Road Retail Spaces Available
      5117 Dorchester Rd, North Charleston, SC 29418
      View Details
    • Contact for pricing
      175,000 SF

      Uptown Retail Spaces Available

      Charleston Hospitality Retail Opportunity
      5070 International Blvd, North Charleston, SC 29418
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8020 Dorchester Rd
    Charleston, SC 29418-2923
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.