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    8459 Dorchester Rd North Charleston, SC 29420
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    Property profile & analytics

    8459 Dorchester Rd, North Charleston, SC 29420

    View on Map
    • Retail space
    • 3,250 SF
    • 1.40 lot acres
    For Sale
    $595,000
    View Listing →
    New Cold Stone Creamery Franchise For Sale
    $595,000
    1,472 SF

    New Cold Stone Creamery Franchise

    Turnkey Cold Stone Creamery franchise for sale in Charleston, SC.

    8459 Dorchester Rd, North Charleston, SC
    View Listing
    Property ID
    US77-2165438
    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.
    Value Estimations
    Cap Rate Potential
    8.5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 8459 Dorchester Rd

    Year built
    2020
    Lot size
    1.40 lot acres
    Zone code
    R2_NC
    Property type
    Retail space
    APN
    181-00-00-104
    APU
    1810000104

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $630,000
      6.5%
      $580,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $333,000
      Market price range: $96.1k - $334k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.112
    Latitude
    32.9154
    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
    $30,867
    $30,240
    $30,429
    $60,669
    -
    $504,000
    $507,148
    $1,011,148

    Comparable in this City

    • Value Estimation
      $2,755,000
      6,655 SF

      8511 Dorchester Rd

      RETAIL STORES (PERSONAL SERVICES)
      8511 Dorchester Rd, North Charleston, SC 29420-7308
      View Details
    • Value Estimation by Request
      2,000 SF

      5401 Netherby Ln

      Individual retail properties
      5401 Netherby Ln, North Charleston, SC 29420
      View Details
    • Value Estimation by Request
      1,983 SF

      Netherby Ln

      BARBER, HAIR SALON
      Netherby Ln, North Charleston, SC 29420
      View Details
    • Value Estimation by Request
      2,038 SF

      5401 Netherby Ln, Unit 500

      GYM, HEALTH SPA
      5401 Netherby Ln, North Charleston, SC 29420-7363
      View Details
    • Value Estimation by Request
      684 SF

      8620 Dorchester Rd

      CONVENIENCE STORE
      8620 Dorchester Rd, North Charleston, SC 29420-7302
      View Details
    • Value Estimation by Request
      3,956 SF

      8410 Dorchester Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      8410 Dorchester Rd, North Charleston, SC 29420-7300
      View Details

    Similar Nearby for Sale

    • $649,000
      2,000 SF

      North Charleston Retail/Medical Office

      2,000 SF Vacant Office Space, $649,000
      5401 Netherby Ln, North Charleston, SC 29420
      View Details
    • Contact for pricing
      1,472 SF

      New Cold Stone Creamery Franchise

      Turnkey Cold Stone Creamery franchise for sale in Charleston, SC.
      8459 Dorchester Rd, North Charleston, SC 29420
      View Details
    • Contact for pricing
      2,000 SF

      White Hall Center Office Condo

      Office condo in White Hall Center, North Charleston.
      5401 Netherby Ln, North Charleston, SC 29420
      View Details
    • $225,000
      0.04 Acres

      North Charleston Commercial Lot

      Prime Retail/Office Pad, Vacant, $225,000
      5401 Netherby Ln, North Charleston, SC 29420
      View Details
    • Contact for pricing

      Dorchester Road Commercial Land

      0.86 acre commercial land parcel available for sale.
      8474 Dorchester Rd, North Charleston, SC 29420
      View Details
    • $639,700
      3,060 SF

      North Charleston Quadruplex Investment Opportunity

      Four-unit residential building in a revitalizing North Charleston location.
      7424 Rock St, North Charleston, SC 29420
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Coosaw Center

      Neighborhood retail center with high traffic and easy access.
      8600 Dorchester Rd, North Charleston, SC 29420
      View Details
    • Contact for pricing
      1,348 SF

      Retail Space Available For Lease

      Retail space available for lease in North Charleston, SC.
      8530 Dorchester Rd, North Charleston, SC 29420
      View Details
    • Contact for pricing
      5,000 SF

      Flex Space on Retail Corridor

      Flex space suitable for office, retail, or industrial use.
      8120 Windsor Hill Blvd, North Charleston, SC 29420
      View Details
    • $30 SF/Yr

      Dorchester Pavilion

      Charleston, SC Restaurant/Medical/Retail Space
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • $30 SF/Yr

      Dorchester Pavilion

      Charleston, SC Restaurant/Medical/Retail Space
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • Contact for pricing
      1,750 SF

      Restaurant Space in Windsor Hill

      Restaurant space available in a well-established neighborhood center.
      3720-3760 Ashley Phosphate Rd, North Charleston, SC 29420
      View Details
    View Listing
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    8459 Dorchester Rd
    North Charleston, SC 29420
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    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
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    8459 Dorchester Rd, North Charleston, SC, 29420
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