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

    2 Cumberland St Charleston, SC 29401

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr

    Renovated office suites with harbor views in Charleston's historic district.

    Property size:
    16,816 SF
    Lot size:
    16,816 SF

    Property Features for 2 Cumberland St

    General Information

    Size
    16,816 SF

    We can help!

    Listing Contact
    Scott P. Peevy, CCIM
    Source: Naiglobal

    Listing Agent: Scott P. Peevy, CCIM

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

    Learn more

    Overview

    Charleston Historic District Office Space

    Located in the historic district of Charleston's peninsula, 2 Cumberland Street is a unique office building offering fully renovated office suites ready for immediate occupancy. The building features two separate full-floor suites. Each suite offers 4,204 rentable square feet. Suites can be demised down to approximately 1,750 square feet. The open floor plans provide functional versatility in a bright setting. The upper floors offer views of the Charleston Harbor and waterfront landmarks, including the Ravenel Bridge, the US Customs House, and the USS Yorktown aircraft carrier. Parking is available directly across the street at the Concord Cumberland Garage for $125 per month per space, Monday through Friday, 6 am to 6 pm. Tenant expenses include a proportionate share of utilities, janitorial services, suite, and HVAC maintenance. The zoning is GB - General Business (City of Charleston).
    Location Intelligence

    Current Use by Public Records

    Buxton Books Book Store QuicksortRx Corporate Office Hartarmon Spence Health Spa

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9260086
    Latitude
    32.780321

    Nearby Similar for Lease

    • $30 SF/Yr
      1,363 SF

      Downtown Retail Space For Lease

      New retail spaces available in downtown Charleston apartment community.
      1310 Meeting St, Charleston, SC 29403
      View Details
    • $50 SF/Yr
      1,952 SF

      Charleston Retail Space with Drive-Thru

      1,952 SF retail space with drive-thru in Charleston.
      221 Spring St, Charleston, SC 29403
      View Details
    • $29 SF/Yr
      14,518 SF

      Downtown Charleston Freestanding Building

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

      Historic French Quarter Office Space

      Charming 2,400 SF office in Charleston's French Quarter.
      46A Lodge Aly, Charleston, SC 29401
      View Details
    • $22 SF/Yr
      20,361 SF

      Renovated Retail/Office/Flex Space Available

      Newly renovated space ideal for retail, office, and flex users.
      5640 Rivers Ave, Charleston, SC 29406
      View Details
    • $38 SF/Yr
      4,000 SF

      Historic Charleston Office Space

      Premier office space in Charleston's historic French Quarter.
      180 E Bay St, Charleston, SC 29401
      View Details
    • $75 SF/Yr
      3,740 SF

      Prime Retail Space on King

      High-profile retail space in Charleston's premier shopping destination.
      229 King St, Charleston, SC 29401
      View Details
    • $29 SF/Yr
      9,000 SF

      Daniel Island Office Space Available

      Ground floor office space with private offices, conference room, and more.
      210 Seven Farms Dr, Charleston, SC 29492
      View Details
    • Contact for pricing

      Historic Retail Space in Charleston

      Meticulously restored retail space in Charleston's vibrant French Quarter.
      Charleston, SC 29401
      View Details
    • Contact for pricing
      885 SF

      Retail Space at Tanger Outlets

      Retail spaces for lease in renovated Tanger Outlets.
      4840 Tanger Outlet Blvd, N Charleston, SC
      View Details
    • $20 SF/Yr
      2,944 SF

      Wappoo Creek Office Space Available

      Office space for lease in a convenient Charleston location.
      125 Wappoo Creek Dr, Charleston, SC 29412
      View Details
    • $33 SF/Yr
      34,765 SF

      Class A Office Building

      Class A office building in the heart of West Ashley.
      1014 St. Andrews Blvd, Charleston, SC 29407
      View Details

    FAQs

    What type of property is this?
    Office space - Renovated office suites with harbor views in Charleston's historic district.
    Where is this office space located?
    The property is located at 2 Cumberland St Charleston, SC.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Rare views of Charleston Harbor and waterfront landmarks (Ravenel Bridge, US Customs House, USS Yorktown).; - Centrally located in the historic district of Charleston's peninsula.; - Two separate full-floor suites (4,204 RSF each) available for immediate occupancy.
    (843) 637-1974
    Request Owner's contact information
    2 Cumberland St Charleston, SC 29401
    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.
    2 Cumberland St
    Charleston, SC 29401
    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
    2 Cumberland St Charleston, SC 29401
    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
    Scott P. Peevy, CCIM
    (843) 637-1974
    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.