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    1014 St. Andrews Blvd Charleston, SC 29407

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    For Lease
    $33 SF/Yr

    Class A office building in the heart of West Ashley.

    Type:Office
    Property size:
    34,765 SF
    Added:
    Nov 21, 2025
    Days on Market:
    142
    Last Refresh:
    Dec 3 at 5:49 am

    Property Features for 1014 St. Andrews Blvd

    General Information

    Standard status
    Active
    Size
    34,765 SF
    Property subtype
    Office

    Spaces For Lease

    at 1014 St. Andrews Blvd Contact us

    We can help!

    Listing Contact
    Robert Cooper
    Robert Cooper

    Listing agent Robert Cooper License #81438

    Listing office NAI Charleston

    Listing date Nov 21, 2025

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Charleston

    Overview

    Class A Office Building

    The Truluck Center, constructed in 2019, is a Class A office building with approximately 34,765 square feet. Located on St. Andrews Blvd in West Ashley, it provides accessibility for employees, clients, and patients in West Ashley, Downtown Charleston, and North Charleston. The property is designed to provide a professional and modern work environment. Available spaces range from approximately 1,800 to 9,505 rentable square feet for medical or office use and are available immediately. Situated in a central West Ashley location, the building offers access to major thoroughfares, with travel times of approximately five minutes to downtown Charleston and seven minutes to North Charleston. The surrounding area includes a mix of restaurants and amenities. The property has ample surface parking. The space is in shell condition, and tenant improvements are negotiable based on lease terms. The building is highly visible on St. Andrews Blvd.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • West Ashley Veterinary Clinic: Jagocki Tracy DVM — 840 St Andrews Blvd, Charleston, SC 29407
    • Badger Eve M DVM — 840 St Andrews Blvd, Charleston, SC 29407
    • Ford Molly L DVM — 840 St Andrews Blvd, Charleston, SC 29407
    • Tierney Lauren C DVM — 840 St Andrews Blvd, Charleston, SC 29407
    • Dr. Thomas Hutto — 840 St Andrews Blvd, Charleston, SC 29407

    Map

    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0031
    Latitude
    32.7979

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    FAQs

    What type of property is this?
    Medical Office Space - Class A office building in the heart of West Ashley.
    Where is this medical office space located?
    The property is located at 1014 St. Andrews Blvd Charleston, SC.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: Class A office building in a central West Ashley location.; Easy accessibility to Downtown Charleston (5 minutes) and North Charleston (7 minutes).; Modern construction (built in 2019) providing a professional work environment.
    (856) 222-3054
    We can help!
    Listing Contact
    Robert Cooper
    Robert Cooper
    Real Estate License ID: 81438
    Learn More
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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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