College Classrooms For
3800 Paramount Dr North Charleston, SC
3800 Paramount Dr, North Charleston, SC, 00000
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For Sale
Contact for pricing
College classrooms built in 2014, acquired in 2017.
Property Size50,000 SF
Lot Size5.30 Acres
Price / SF$227
Days on Market1429
Property Features for 3800 Paramount Dr
General Information
- Standard status
- Active
- Size
- 50,000 SF
- Lot size
- 5.30 Acres
- Property subtype
- OFFICE
Listing agency
WRS Realty
(843) 654-7850
Listed by
Patrick W. Marr
Source
Moodyscre
Added: Aug 23, 2022 Updated: Jul 6 at 8:49AM Checked: Jul 21 at 6:11AM
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 WRS Realty
Investment Insights
Based on property information with market context.
This property, built in 2014 and acquired in 2017, is purposed as college classrooms. It features a rentable area of 50,000 square feet. The major tenants include the College of Charleston.
Key Highlights
- Major Tenant: College of Charleston
- Rentable Area: 50,000 RSF
- Built in 2014
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.05M | $21.00 |
| − Vacancy | −$157.5k | −$3.15 |
| EGI | $892.5k | $17.85 |
| − OpEx | −$223.1k | −$4.46 |
| NOI | $669.4k | $13.39 |
50,000 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.56M
$8.37M – $11.16M
NOI $669,375 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.58M
$11.88M – $15.84M
NOI $950,400 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - College classrooms built in 2014, acquired in 2017.
Where is this office building located?
The property is located at 3800 Paramount Dr North Charleston, SC.
What is the asking price?
The asking price for this property is $11,350,000.
What are key features of this property?
This property features: Major Tenant: College of Charleston; **Rentable Area: 50,000 RSF**; Built in 2014
