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

    916 Savannah Hwy Charleston, SC 29407-7802

    • Commercial real estate
    • 1,319 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2955383
    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

    • Lordis Loft Salon & Spa - Aveda-Avondale / Hair Salon / Nail Salon

    Property Details for 916 Savannah Hwy

    Year built
    1975
    Lot size
    0.30 lot acres
    Property size
    1,319 SF
    Property type
    Commercial real estate
    APN
    418-13-00-185
    APU
    4181300185

    Description

    This exceptional turnkey salon opportunity in Charleston's Avondale area presents a unique chance to establish or expand your business without significant upfront investment. Located at 916 Savannah Hwy, Charleston, SC 29407, this single-tenant retail space boasts 1,319 square feet situated on a 0.3-acre lot. The building, constructed in 1975 and extensively renovated in 2024, features eight styling stations, a reception desk, retail shelving, and individual station cabinets. Shampoo bowls and chairs are negotiable. Exterior landscaping improvements are underway. The property is zoned Community Commercial within Charleston County and falls under the St. Andrews Area Overlay Zoning District. The lease rate is $7,000 per month, with estimated NNNs of $1,581.48 per month. This one-story building offers significant growth potential in a thriving Charleston neighborhood. Don't miss this chance to acquire a fully equipped, move-in ready salon space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $820,000
      Market price range: $264k - $821k
      AI Estimate
      $820,000
      Market price range: $264k - $821k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9907
    Latitude
    32.7832
    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
    $9,945
    $0.00
    $0.00
    $35,730
    -
    $422,400
    $173,200
    $595,600

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      1748 Ashley Hall Rd

      COMMERCIAL (GENERAL) • 0.48 Acres
      1748 Ashley Hall Rd, Charleston, SC 29407-3823
      View Details
    • Value Estimation by Request
      1.08 Acres

      1913 Sam Rittenberg Blvd

      COMMERCIAL (GENERAL) • 1.08 Acres
      1913 Sam Rittenberg Blvd, Charleston, SC 29407-4825
      View Details
    • Value Estimation by Request
      3.31 Acres

      Savage Rd

      COMMERCIAL (GENERAL) • 3.31 Acres
      Savage Rd, Charleston, SC 29407
      View Details
    • Value Estimation
      $1,935,000
      6,120 SF

      1470 Tobias Gadson Blvd Ste, Unit 106

      COMMERCIAL CONDOMINUIM • 6,120 SF
      1470 Tobias Gadson Blvd Ste, Charleston, SC 29407-4835
      View Details
    • Value Estimation
      $590,000
      946 SF

      642 Saint Andrews Blvd

      COMMERCIAL (GENERAL) • 946 SF
      642 Saint Andrews Blvd, Charleston, SC 29407-7159
      View Details
    • Value Estimation
      $1,965,000
      5,040 SF

      2037 Sam Rittenberg Blvd

      COMMERCIAL (GENERAL) • 5,040 SF
      2037 Sam Rittenberg Blvd, Charleston, SC 29407-4601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      54,500 SF

      Northbridge Executive Park Investment

      Two-building office campus near Ashley Landing redevelopment.
      1176-1180 Sam Rittenberg Blvd, Charleston, SC 29407
      View Details
    • Contact for pricing
      3,225 SF

      West Ashley Investment Opportunity

      Commercial and residential portfolio with income and development potential.
      1224 Wappoo Rd, Charleston, SC 29407
      View Details
    • $2,125,000
      8,500 SF

      Two Connecting Office Condos

      Two well-maintained, connecting office condos totaling approximately 8,500 square feet.
      15 Gamecock Ave, Charleston, SC 29407
      View Details
    • $200,000
      0.25 Acres

      Marshfront Homesite in Charleston, SC

      0.25-acre marshfront homesite in rapidly developing Maryville community.
      Main St, Charleston, SC 29407
      View Details
    • $140,000
      0.11 Acres

      Charleston Homesite in Maryville

      0.11-acre homesite in historic Maryville, minutes from Downtown Charleston.
      High St, Charleston, SC 29407
      View Details
    • $548,250
      0.35 Acres

      Executive Hall Road Land Parcels

      Charleston Office Land - Ready to Build
      0 Executive Hall Rd, Charleston, SC 29407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Charleston Office Park Investment

      Prime Charleston Office Space Available
      1 Carriage Ln, Charleston, SC 29407
      View Details
    • Contact for pricing
      187,905 SF

      Charleston Retail Center Opportunity

      High-traffic retail space available in Charleston, SC.
      17 & Coburg Dairy Rd, Charleston, SC 29407
      View Details
    • $33 SF/Yr
      34,765 SF

      Charleston Medical Office Space for Lease

      Class A Office Suites, West Ashley, SC
      1014 St Andrews Blvd, Charleston, SC 29407
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Village Square

      Retail space available in well-located West Ashley shopping center.
      1660 Sam Rittenberg Blvd, Charleston, SC 29407
      View Details
    • Contact for pricing
      3,840 SF

      Charleston Shopping Center Retail Space

      Retail space available in St. Andrews Shopping Center.
      901 Savannah Hwy, Charleston, SC 29407
      View Details
    • $22 SF/Yr
      1,658 SF

      Charleston Retail Space: Orleans Rd

      Modern Bank Building Suite, 1658 sq ft
      852 Orleans Rd, Charleston, SC 29407
      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.
    916 Savannah Hwy
    Charleston, SC 29407-7802
    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.