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    124 N Charleston St Blacksburg, SC 29702

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    For Lease
    $4 SF/Yr

    43,466 SF Industrial Building For Sale or For Lease

    Added:
    Jan 21, 2025
    Days on Market:
    455
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 124 N Charleston St

    General Information

    Standard status
    Active
    Property type
    Other industrial properties, Industrial live-work properties, Other office properties, Industrial properties, Mixed-use properties, Office properties & Spaces
    Elevators
    N/A
    Lease Type
    NNN
    Lease Term
    Long Term
    Rate Type
    Yearly

    We can help!

    Listing Contact
    Josie Hollingsworth

    Listing agent Josie

    Listing office Reedy Commercial

    Listing date Jan 21, 2025

    Overview

    Blacksburg Industrial Space For Lease

    Located at 124 N Charleston St in Blacksburg, SC 29702, this 43,466-square-foot industrial building is available for lease. The property is strategically positioned between Greenville, SC, and Charlotte, NC, offering convenient I-85 access and exceptional logistical advantages. Originally built in 1967 and expanded in 1982, the building features approximately 20-foot clear height ceilings and three dock doors. All utilities are on-site, ensuring immediate operational readiness. The lease is a NNN type, offering long-term lease options. The annual lease rate is $4 per square foot. This versatile property is ideal for businesses seeking cost-effective, strategically located industrial space in a thriving corridor. Its location provides easy access to major transportation routes, making it an attractive option for companies requiring efficient distribution and logistics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.4908
    Latitude
    35.1147

    Nearby Similar for Lease

    • Contact for pricing

      Manufacturing/Distribution Building Near I-85

      158,000 SF manufacturing/distribution building located near I-85.
      221 York Rd, Blacksburg, SC
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    • $4/mo

      Industrial Space with Interstate Visibility

      Industrial space for lease with easy access to I-85.
      210 Henson Rd, Blacksburg, SC
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    • Contact for pricing

      Versatile Warehouse Space Available

      Warehouse space for rent with convenient highway access.
      759 Mill Creek Rd, Blacksburg, SC 29702
      View Details

    FAQs

    What type of property is this?
    Industrial property - 43,466 SF Industrial Building For Sale or For Lease
    Where is this industrial property located?
    The property is located at 124 N Charleston St Blacksburg, SC.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 124 N Charleston St is located in between Greenville, SC and Charlotte, NC. Standing minutes from I‑85 in Blacksburg, SC, this property offers exceptional convenience for businesses looking to operate along the vital I‑85 corridor. The building, originally constructed in 1967, was expanded with an addition in 1982 to accommodate growing needs.; Key features include:; All utilities are on site, ensuring immediate operational capabilities.
    (864) 901-5007
    We can help!
    Listing Contact
    Josie Hollingsworth
    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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