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

    4975 Lacross Rd North Charleston, SC 29406

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    71,354 SF office building with recent $2M renovation.

    Property size:
    71,711 SF

    Property Features for 4975 Lacross Rd

    General Information

    Size
    71,711 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Reid Davis, CCIM, SIOR
    Source: Lee-associates

    Listing Agent: Reid Davis, CCIM, SIOR

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

    Learn more

    Overview

    Renovated Office Building Near I-26

    Rivergate II is a 3-story office building encompassing 71,354 square feet. The building provides immediate access to I-26, a primary Northwest/Southwest corridor, and I-526, and is located minutes from Charleston International Airport. Recent renovations totaling $2 million have transformed the building's aesthetic, with extensive upgrades to the exterior and interior common areas. On-site surface parking is available at no cost. The property is suitable for a professional office or medical user seeking a central location.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.0182
    Latitude
    32.9291

    Nearby Similar for Sale

    • $399,999
      0.35 Acres

      Versatile North Charleston Estate

      Unique property with income potential, large garage, and flexible spaces.
      8899 Salamander Rd, North Charleston, SC 29406
      View Details
    • $569,000
      0.11 Acres

      Park Circle Duplex Opportunity

      Duplex in Charleston's desirable Park Circle neighborhood.
      4989 Chateau Ave, North Charleston, SC 29405
      View Details
    • $599,999
      0.14 Acres

      Renovated Multifamily Property in Charleston

      Multifamily property with renovated house and duplex, generating rental income.
      2636 S Allen Dr, North Charleston, SC 29405
      View Details
    • New
      $155,000
      0.08 Acres

      Dorchester Terrace One-Bedroom Unit

      One-bedroom unit in North Charleston, ideal for investors or homeowners.
      3104 Azalea Dr, North Charleston, SC 29405
      View Details
    • $399,000
      0.15 Acres

      North Charleston Duplex Near Park Circle

      Duplex with income potential near Park Circle and major employers.
      St, North Charleston, SC 29405
      View Details
    • $569,000
      0.12 Acres

      Duplex in Growing Park Circle

      Duplex with two units in desirable Park Circle neighborhood.
      4991 Chateau Ave, North Charleston, SC 29405
      View Details
    • $599,000
      1.06 Acres

      Waterfront Lot in North Charleston

      Deep-water frontage with dock permit near Cooper River.
      1 Apple St, North Charleston, SC 29405
      View Details
    • $350,000
      0.14 Acres

      North Charleston Duplex For Sale

      Fully rented duplex near Park Circle and Naval Base.
      1913 Success St, North Charleston, SC 29405
      View Details
    • $725,000
      0.65 Acres

      Stabilized Mobile Home Park

      Fully occupied 9-unit mobile home park with income upside.
      5464 Dutton Ave, North Charleston, SC 29406
      View Details
    • Contact for pricing
      20,000 SF

      North Charleston Flex Park

      Centrally located flex park with quick access to Charleston.
      2390 Air Park Rd, North Charleston, SC 29406
      View Details
    • Contact for pricing
      7 SF

      Downtown Retail Space For Sale

      Ground floor retail space in downtown Charleston apartment community.
      1310 Meeting Street Rd, North Charleston, SC 29405
      View Details
    • $550,000
      2 SF

      Corner Properties on Cosgrove Avenue

      High-traffic corner properties near Rivers Avenue with redevelopment potential.
      2122 Cosgrove Ave North Charleston, North Charleston, SC 29405
      View Details

    FAQs

    What type of property is this?
    Office building - 71,354 SF office building with recent $2M renovation.
    Where is this office building located?
    The property is located at 4975 Lacross Rd North Charleston, SC.
    What is the asking price?
    The asking price for this property is $22.
    What are key features of this property?
    This property features: - Immediate access to I-26 and I-526.; - Recently underwent a $2 million renovation.; - Centrally located, minutes from Charleston International Airport.
    (843) 270-2995
    Request Owner's contact information
    4975 Lacross Rd North Charleston, SC 29406
    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.
    4975 Lacross Rd
    North Charleston, SC 29406
    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
    4975 Lacross Rd North Charleston, SC 29406
    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
    Reid Davis, CCIM, SIOR
    Real Estate License ID: SC #40821
    (843) 270-2995
    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.