Not all commercial properties are listed in the local MLS.  .You will be suprised what we have......maybe just what you are looking for.


MLS listings:

Multi Family - Search for apartment buildings, duplexes, trailer parks 

Our Commercial List  -  specific listings of Steve Olson & Joye Ridgeway

CHS Commercial List - all of Charleston area commercial listings.

Create your own Commercial search -  From the HOME button, select Search MLS, then in the drop-down box that appears as "residential", change that to  commercial.


                     Cap Rate for Real Estate Investors in Charleston, SC

It doesn't take long for a real estate agent to realize that there is much more involved in purchasing investment or commercial real estate than just showing the property and writing an offer to purchase.

Most real estate investors are seeking income producing properties. Residential real estate investors usually purchase rental properties, duplexes, muliti-family complexes or trailer parks. Commercial real estate investors usually seek office space, retail space, restaurant space, or warehouse space.
Commercial and residential real estate investors usually base their decisions on a CAP RATE, or (capitalization rate). A cap rate is used to determine if a property has an adequate rate of return. A cap rate is a formula that reflects the rate of return on the investment dollar.
Cap rate is calculated by using three numbers: income, expenses, and sale price. Each market is different, but generally speaking, an acceptable cap rate would be 8 or 9, with 10 or over, being a really good cap rate.
To protect your net profit on your real estate investment be sure your agent is knowledgeable and experienced in calculating CAP RATES. It affects your bottom line.