Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5154 N Rhett Ave North Charleston Charleston, SC 29405

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    1.85 AC of B-1 Zoned land near Park Circle.

    Property size:
    1 SF

    Property Features for 5154 N Rhett Ave North Charleston

    General Information

    Size
    1 SF

    We can help!

    Listing Contact
    James A Dingle
    Source: Cbcworldwide

    Listing Agent: James A Dingle

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

    Learn more

    Property Insight Report

    Overview

    Park Circle Land For Sale

    This 1.85-acre commercial land is located off the North Rhett Avenue exit of I-526, two exits before Don Holt Bridge and Clements Ferry Road/Daniel Island. The property is zoned B-1 General Business, suitable for various uses in the city of North Charleston. Its location near Park Circle neighborhoods provides convenient access to the Mark Clark Expressway. The site, formerly a gas station, features open parking and a cement lot area with high traffic count and visibility. The property consists of two parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.985076
    Latitude
    32.891559

    Nearby Similar for Sale

    • $4,995,000
      0.17 Acres

      Historic Charleston Multifamily Investment Opportunity

      Nine-unit property blending historic charm with modern luxury near Colonial Lake.
      176-178 Broad St, Charleston, SC 29401
      View Details
    • $2,550,000
      0.07 Acres

      Historic Charleston Multifamily Investment

      Two historic homes with rental income potential in downtown Charleston.
      197 Coming St, Charleston, SC 29403
      View Details
    • $4,850,000
      0.17 Acres

      Charleston Income-Producing Short-Term Rental

      Licensed short-term rental property with 13 bedrooms and 8 parking spaces.
      221 Ashley Ave, Charleston, SC 29403
      View Details
    • $1,200,000
      11.02 Acres

      Waterfront Land on Wappoo Road

      11-acre Charleston property with Intracoastal Waterway and Stono River views.
      185 Wappoo Rd, Charleston, SC 29407
      View Details
    • $1,899,000
      0.06 Acres

      Renovated Charleston Triplex Investment

      Fully renovated triplex near shops, dining, and entertainment.
      169 Spring St, Charleston, SC 29403
      View Details
    • $999,000
      0.25 Acres

      James Island Quadplex Investment Opportunity

      Solid brick quadplex with strong rental income in Charleston, SC.
      1 S Anderson Ave, Charleston, SC 29412
      View Details
    • $9,745,000
      0.13 Acres

      Historic Charleston Multifamily and Retail

      Historic property with residential and commercial units in Charleston.
      46-50 Queen St, Charleston, SC 29401
      View Details
    • $4,399,000
      0.07 Acres

      Historic Mixed-Use Charleston Income Property

      Renovated mixed-use building with commercial and residential income streams.
      21 Broad St, Charleston, SC 29401
      View Details
    • $950,000
      0.24 Acres

      Renovated James Island Quadplex

      Renovated quadplex near downtown Charleston and Folly Beach.
      6 Commercial Row, Charleston, SC 29412
      View Details
    • $2,750,000
      0.09 Acres

      Historic Multifamily Estate

      Rare, historic three-residence estate in Charleston's South of Broad neighborhood.
      17 Water St, Charleston, SC 29401
      View Details
    • $3,250,000
      0.20 Acres

      Charleston Multifamily Bed and Breakfast

      Five-unit bed and breakfast in Charleston's Short-Term Rental Overlay.
      194-196 Rutledge Ave, Charleston, SC 29403
      View Details
    • $1,199,000
      0.06 Acres

      Renovated Charleston Duplex with Income

      Recently renovated duplex with income potential near downtown Charleston.
      19 America St, Charleston, SC 29403
      View Details

    FAQs

    What type of property is this?
    Land - 1.85 AC of B-1 Zoned land near Park Circle.
    Where is this land located?
    The property is located at 5154 N Rhett Ave North Charleston Charleston, SC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime location with immediate access to I-526 at the North Rhett Ave. exit.; - B-1 General Business zoning allows for diverse commercial applications.; - Located near Park Circle neighborhoods, offering a built-in customer base.
    (843) 822-4311
    Request Owner's contact information
    5154 N Rhett Ave North Charleston Charleston, SC 29405
    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.
    5154 N Rhett Ave North Charleston
    Charleston, SC 29405
    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
    5154 N Rhett Ave North Charleston Charleston, SC 29405
    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

    We can help!
    Listing Contact
    James A Dingle
    (843) 822-4311
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.