This newly renovated 6,161 square foot shopping center in North Charleston, South Carolina presents a compelling investment opportunity. Located at 5075 Dorchester Rd, 29418, this multi-tenant property boasts a strong 10.13% cap rate and a net operating income (NOI) of $110,916, priced at $1,095,000 ($177.73/sq ft). The property underwent a complete renovation in Spring 2023, including a new roof, HVAC systems, wiring, and plumbing. This significantly reduces potential maintenance expenses for the new owner. The limited landlord liability structure, with tenants responsible for CAM, insurance, taxes, HVAC, and roof repairs, further minimizes risk and operational overhead. Current leases allow for annual rent adjustments of up to 10-20%, providing potential for increased income. There are currently no vacancies, and strong tenant interest persists. The property benefits from its location in a high-growth corridor, within a half-mile of Greystar's new 336-unit multifamily development, Montague Corners, and across the street from national retailers like Planet Fitness, Dollar General, and Save-A-Lot. Its proximity to the Charleston International Airport (within a 10-minute drive) and the ongoing 70-acre riverfront master development plan near the North Charleston Naval Base further enhances its investment appeal. Charleston-North Charleston's robust economic growth, ranking first in fastest-growing metro economies in June, according to the Bureau of Labor Statistics, underscores the property's potential for long-term value appreciation. This high-return investment is particularly attractive in the current high-interest-rate environment, making it ideal for both in-state and out-of-state investors seeking a short-term, high-yield opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,686,306
6.5%
$2,479,668
7%
$2,302,548
Comparable approach
Method
Valuation
Relative Method
$1,986,802
Geo Method
$3,763,392
Alternative Use
Use
Valuation
Residential
$2,091,692
Hospitality
$1,915,979
Educational
$1,594,072
Medical
$1,648,895
Retail
$2,479,668
Location Insight
City
North Charleston
County
Charleston
State
South Carolina
Latitude
32.8565
Longitude
-80.0341
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Learn more
Useful Information
Request 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.
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.