Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7240 Cross Park Dr N Charleston, SC 29418

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space featuring direct access and mezzanine storage available for rent.

    Type:OFFICE
    Property size:
    3,000 SF
    Lot size:
    6.12 Acres
    Added:
    Feb 15, 2022
    Days on Market:
    1537
    Last Refresh:
    Apr 5 at 10:20 pm

    Property Features for 7240 Cross Park Dr N

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    6.12 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 7240 Cross Park Dr N Contact us

    We can help!

    Listing Contact
    Hagood S Morrison
    Hagood S Morrison

    Listing agent Hagood S Morrison

    Listing office Bridge Corporate Solutions, LLC

    Listing date Feb 15, 2022

    Source Moodyscre

    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 Bridge Corporate Solutions, LLC

    Overview

    Office Space with Mezzanine Storage

    This office space, located at 7240 Cross Park Dr N in Charleston, SC, offers 3,000 square feet of area. The suite is accessible via a dedicated door leading directly to the upstairs area. Additional storage is available on a mezzanine level. Ample parking is provided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Promotional Products Marketing & Advertising Bvt-Chef Revival Clothing Store American Paint & Paddle ... Industrial Manufacturer Promo-Place Marketing & Advertising Lmd Intergrated Logistics ... Logistics Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Hotel & Motel Nail Salon Big Box & Wholesale Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0712
    Latitude
    32.9184

    Nearby Similar for Lease

    • Contact for pricing

      Charleston Historic District Office Space

      Renovated office suites with harbor views in historic Charleston.
      2 Cumberland St, Charleston, SC 29401
      View Details
    • $33 SF/Yr

      West Ashley Retail Space Available

      Retail space in shopping center anchored by Harris Teeter.
      3863 West Ashley Circle, Charleston, South Carolina 29414
      View Details
    • Contact for pricing

      Prime Retail Space on King

      High-profile retail space in downtown Charleston near Charleston Place.
      229 King St, Charleston, SC 29401
      View Details
    • $37 SF/Yr

      Class A Office Space

      Class A office space in downtown Charleston for lease.
      40 Calhoun Street, Charleston, South Carolina 29401
      View Details
    • Contact for pricing

      Prime Retail Space on George

      Retail space for lease in downtown Charleston near King Street.
      51 George Street, Charleston, SC 29401
      View Details
    • $29 SF/Yr

      Downtown Charleston Freestanding Building

      Freestanding building in historic downtown Charleston with on-site parking.
      276 East Bay Street, Charleston, SC 29401
      View Details
    • Contact for pricing

      Prime Showroom/Office/Automotive Space Available

      Rare opportunity on US Hwy 17 corridor in West Ashley.
      2137 Savannah Highway, Charleston, South Carolina 29414
      View Details
    • $20 SF/Yr

      Wappoo Creek Office Space Available

      Office space for lease in a convenient Charleston location.
      125 Wappoo Creek Dr, Charleston, SC 29412
      View Details
    • $32 SF/Yr

      Daniel Island Office Space Available

      Second-floor office suite in Daniel Island's Town Center.
      115 Riverlanding Dr, Charleston, SC
      View Details
    • Contact for pricing

      James Island Office Space Available

      Office space for lease in a convenient Charleston location.
      125 Wappoo Creek Dr, Charleston, SC 29412
      View Details
    • $43 SF/Yr

      Class A Office Space

      Multi-tenant office building in Charleston's Historic District.
      100 Calhoun Street, Charleston, SC, 29401
      View Details
    • $42 SF/Yr

      Office Suite with Direct Elevator

      Third-floor office suite with open workspace and outdoor patio.
      121 Calhoun St, Charleston, SC 29401
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring direct access and mezzanine storage available for rent.
    Where is this office units located?
    The property is located at 7240 Cross Park Dr N Charleston, SC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Ample parking for tenants and visitors; Direct access by dedicated door leading to upstairs suite; Additional mezzanine storage available
    (843) 535-8600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hagood S Morrison
    Hagood S Morrison
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    7240 Cross Park Dr N, Charleston, SC

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!