Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9500 Dorchester Rd Summerville, SC 29485-4301
    Property profile & analytics

    9500 Dorchester Rd, Summerville, SC 29485-4301

    View on Map
    • Community centers
    • 102,297 SF
    • 20.14 lot acres
    Off-Market
    Last Sale Dec 30, 2021
    $49,200,000
    Property ID
    US77-1611286
    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
    Location Intelligence

    Current Use by Public Records

    • The Corner Liquor Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Pet Supplies Plus Summerville / (Bike/Boat/Book/etc) Store / Pet Store
    • The Corner at Wescott / Business Service Center / Corporate Office
    • Ria Money Transfer - Harris Teeter / Bank / Credit Union
    • James Norman: Allstate Insurance / Insurance Agency

    Property Details for 9500 Dorchester Rd

    Year built
    2014
    Lot size
    20.14 lot acres
    Zone code
    PDD_NC
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    171-00-00-212
    APU
    1710000212

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 25, 2022 — Prudential Realty Securities INC Gri Wescott LLC Assignment Of Lease (leasehold Sale) —
    Dec 30, 2021 $49,200,000 Gri Wescott LLC North Charleston I LP Limited Warranty Deed —
    Feb 27, 2020 — Gender & Thirty-three LLC — Deed · related $2.8M · Associated Bk
    Jul 7, 2016 — North Charleston I LP — Deed · related $23M · Pnc Bk
    Mar 27, 2015 $1,300,100 Mar Real Estate LLC North Charleston I LP Grant Deed $2.7M · Capital Bk
    Dec 6, 2012 $5,008,500 North Charleston I LP Pr Wescott LLC Grant Deed $16.4M · Regions Bk/fayette
    Apr 23, 2012 $7,688,400 Pr Wescott LLC Hendon Wescott LLC Grant Deed —
    — — North Charleston I LP — Deed Of Trust · related $23M · Pnc Bk
    — — Gender & Thirty-three LLC — Deed Of Trust · related $2.8M · Associated Bk

    Description

    This exceptional 13-acre commercial development land presents a unique investment opportunity in Summerville, South Carolina. Located at 9500 Dorchester Rd, 29485, this property boasts a prime location directly across from the thriving Corner at Wescott shopping center, a 140,000 square foot retail destination anchored by Harris Teeter and Marshalls. Its adjacency to Lowe's Home Improvement further enhances its visibility and accessibility. The site offers excellent potential for a variety of commercial uses, including retail, office suites, or public storage facilities. An internal road connects the property to Wescott Boulevard, providing convenient access via a full-access intersection. This area is experiencing significant residential growth, fueled by the expanding employee base at The Boeing Company's nearby Charleston International Airport facility. The property's strategic location and versatile zoning make it an ideal choice for developers seeking a high-impact commercial project in a rapidly growing market. Build-to-suit options and individual parcels are available. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with exceptional potential for long-term growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1403
    Latitude
    32.9358
    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
    $996,711
    $96,672
    $1,981,901
    $2,078,573
    -
    $1,611,200
    $33,031,680
    $34,642,880

    Comparable in this City

    • Value Estimation
      $3,255,000
      83,505 SF

      Dorchester Rd

      MINI-MALL
      Dorchester Rd, Summerville, SC 29485
      View Details
    • Value Estimation by Request
      54,056 SF

      4500 Ladson Rd

      Lifestyle centers
      4500 Ladson Rd, Summerville, SC 29485
      View Details
    • Value Estimation by Request
      8,000 SF

      1001 Bacons Brg Rd

      SHOPPING CENTER, STRIP CENTER
      1001 Bacons Brg Rd, Summerville, SC 29485-4212
      View Details
    • Value Estimation by Request
      9,311 SF

      9770 Dorchester Rd

      REGIONAL SHOPPING CENTER, MALL
      9770 Dorchester Rd, Summerville, SC 29485-7541
      View Details
    • Value Estimation
      $1,265,000
      12,204 SF

      890 Bacons Brg Rd

      SHOPPING CENTER, STRIP CENTER
      890 Bacons Brg Rd, Summerville, SC 29485-4190
      View Details
    • Value Estimation
      $20,750,000
      205,716 SF

      9880 Dorchester Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      9880 Dorchester Rd, Ladson, SC 29485-8545
      View Details

    Similar Nearby for Sale

    • $399,000

      Commercial Property in Summerville, SC

      Versatile commercial property on .29 acres, endless potential.
      10562 Dorchester Rd, Summerville, SC 29485
      View Details
    • $149,000
      0.16 Acres

      Land in Summerville, SC

      Land available in Summerville, South Carolina.
      228 Comiskey Park Cir, Summerville, SC 29485
      View Details
    • Contact for pricing
      750 SF

      Retail Condo Near Downtown

      1,500 SF retail condo, flexible use, near downtown.
      907 Miles Jamison Rd, Summerville, SC 29485
      View Details
    • $2,500,000
      145.00 Acres

      Land Near Ashley River

      145 acres near Summerville with ponds and river frontage.
      3010 Highway 17A S, Summerville, SC 29485
      View Details
    • $250,000
      1,120 SF

      Charming Duplex in Summerville

      Move-in ready duplex with low-maintenance design in a friendly community.
      206 Dupont Way, Summerville, SC 29485
      View Details
    • $259,000
      1,396 SF

      Charming Home in Dorchester District

      3-bedroom, 2-bath home in a sought-after school district.
      4816 Habersham Ln, Summerville, SC 29485
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Retail Space in Trolley Square

      Retail spaces for lease in busy Summerville shopping center.
      1525 Old Trolley Rd, Summerville, SC 29485
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Old Trolley

      Highly visible retail space for lease on Old Trolley Road.
      1706 Old Trolley Rd, Summerville, SC 29485
      View Details
    • Contact for pricing

      Retail Space in Summerville Galleria

      Retail space for lease in Summerville, South Carolina.
      975 Bacons Bridge Rd, Summerville, SC 29485
      View Details
    • Contact for pricing
      6,820 SF

      Retail Space in Summerville Center

      Retail spaces available in busy Summerville shopping center.
      680 Bacons Bridge Rd, Summerville, SC 29485
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Old Trolley

      3,000 SF retail space in high-traffic Summerville location.
      717 Old Trolley Rd, Summerville, SC 29485
      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.
    9500 Dorchester Rd
    Summerville, SC 29485-4301
    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

    Thank You for Inquiry
    9500 Dorchester Rd, Summerville, SC, 29485
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!