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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
8459 Dorchester Rd North Charleston, SC 29420-7307
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US77-2165438
Property summary
AI-generated overview
The Shoppes on Dorchester is a single-story, 8,888 square foot retail strip center built in 2020, located in the Charleston submarket of Dorchester County. This highly visible property boasts a prime location off Dorchester Road and Ashley Phosphate Road, enjoying a traffic count of 40,200 vehicles per day. Currently housing six tenants including Tropical Smoothie Cafe, Daisy Nail, a Chiropractor's office, Hair Space, and Cold Stone Creamery, there is one vacant unit available for lease. This unit, designated as Unit E, offers 1,486 square feet of retail space. The center benefits from two prominent pylon signs, one on Dorchester Road and one on-site, ensuring excellent visibility. Its strategic location is further enhanced by its proximity to major retailers such as Chick-fil-A (directly behind), Publix Super Market at Palmetto Pavilion, UPS, Subway, Supercuts, and La Hacienda Mexican Restaurant (across Resolute Way). A 208-unit apartment complex, Silvana Oaks, is located directly behind the property, providing a substantial residential base. The property is zoned B-2 General Commercial (APN: 181-00-00-104). This presents a unique opportunity for a business seeking high visibility and a strong customer base in a thriving Charleston retail corridor.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
3,250 SF
Lot
1.4 ac (60,984 SF)
Zoning code
R2_NC
APN
181-00-00-104
UPID
US77-2165438
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
$445k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$334k
Blend (final)
Blend
$550k
Owner & transaction history
Shoppes On Dorchester LLC · 7 yrs held
Shoppes On Dorchester LLC
since 2019
7 recorded transactions
Zoning & alternative use
R2_NC · North Charleston, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$860,000
+50.6%
Office building
$850,000
+48.5%
Commercial (general)
$755,000
+31.8%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
MEDICAL BUILDING
$860,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$755,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$575,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$169 / 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
$30,867
Tax year 2023
Assessed value
$60,669
Assessed 2023
Previous assessed
$60,669
+0.0% YoY
Effective rate
50.88%
On assessed value
Assessed land
$30,240
Assessed improvement
$30,429
Land market value
$504,000
Improvement market value
$507,148
Total market value
$1,011,148
Applied tax rate
208.0000
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
Off-Market
Year built
2020
Heating
HEAT PUMP
Stories
1
Total area
3,250 SF
Lot
1.4 ac (60,984 SF)
Zoning code
R2_NC
APN
181-00-00-104
UPID
US77-2165438
Jurisdiction
DORCHESTER
Zoning & alternative use
R2_NC · North Charleston, SC
Zoning R2_NC · permitted uses
R2_NC · North Charleston, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Charleston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$570,000
MEDICAL BUILDING
Est. value
$860,000
OFFICE BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2020
Heating
HEAT PUMP
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Shoppes On Dorchester LLC
Entity
Mailing address
606 DOWLING AVE, WALTERBORO, SC 29488-3807
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
The Shoppes On Dorchester LLC
—
Deed
related
$200,000 · Walter E Brooks
Jun 28, 2019
—
Shoppes On Dorchester LLC
Lot 2f LLC
Quit Claim Deed
related
$1,450,000 · Wells Fargo Bk
Apr 11, 2019
$230,000
Shoppes On Dorchester LLC
Gambino,john
Grant Deed
—
Apr 29, 2008
—
Lot 2f LLC
Pcf Ents LLC
Grant Deed
related
—
Apr 29, 2005
$1,256,500
John Gambino
Charleston Land Partners LLC
Grant Deed
—
Apr 29, 2005
$538,500
Pcf Ents LLC
Charleston Land Partners LLC
Grant Deed
—
Feb 1, 2005
$1,931,173
Charleston Land Partners LLC
Rgt Of Charleston Partners Ltd
Grant Deed
related
$1,448,380 · Carolina First Bank
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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