Add Listing
    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

    2572 Oscar Johnson Dr North Charleston, SC 29405

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,400,000

    Well-maintained industrial building with excellent access to I-526.

    We can help!

    Listing Contact
    Dexter C. Rumsey, Iv
    Source: Naiglobal

    Listing Agent: Dexter C. Rumsey, Iv

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

    Learn more

    Overview

    North Charleston Industrial Opportunity

    This North Charleston property presents an opportunity for investment or owner occupancy. It is suitable for light industrial and distribution uses, servicing the Charleston Metropolitan Statistical Area. The building features a well-maintained office area that includes a showroom, meeting space, and a kitchenette. The warehouse portion is equipped with a sprinkler system and multiple dock and drive-in doors, providing access to the space. The property is located at the intersection of Dorchester Road and I-526. The building has a 21 ft eave height and a 23 ft center, with 20 x 50 column spacing. It includes one 14x16 drive-in door, one 14x12 drive-in door, and two 8x10 dock level doors. The warehouse area is approximately 17,334 square feet, and the office area is approximately 4,882 square feet. The property occupies approximately 1.27 acres.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Building Supply Dental Office Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

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

    Similar Places Nearby

    Self Storage in Charleston, Self-Storage at U-Haul, Otis Elevator Company, All My Sons Moving & Storage, North Charleston Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.018032
    Latitude
    32.857283

    Nearby Similar for Sale

    • $295,000
      1,684 SF

      Active Adult Community Home

      Charming home in a vibrant 55+ community.
      9080 Delancey Cir, North Charleston, SC 29406
      View Details
    • New
      $707,000
      3,600 SF

      North Charleston Quadruplex Investment Opportunity

      Four-unit residential building in a revitalizing North Charleston location.
      7424 Rock St, North Charleston, SC 29420
      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
    • $1,775,000
      6,432 SF

      Renovated Multifamily Community For Sale

      Turnkey 12-unit multifamily property in North Charleston, South Carolina.
      2220 Van Buren Ave, North Charleston, SC 29406
      View Details
    • $350,000
      1,401 SF

      Versatile Mixed-Use Property

      Unique property with main house, mobile home, and massive garage.
      8899 Salamander Rd, North Charleston, SC 29406
      View Details
    • Contact for pricing
      3,484 SF

      Redevelopment Opportunity on Reynolds Avenue

      Retail space available for redevelopment in historic Charleston neighborhood.
      1914 Reynolds Ave, North Charleston, SC 29405
      View Details
    • $975,000

      Commercial Property For Automotive Service

      Well-maintained commercial property on 0.43 acres, suitable for automotive service.
      5095 Dorchester Rd, North Charleston, SC 29418
      View Details
    • $895,000
      10,000 SF

      North Charleston Office Investment Opportunity

      10,000 SF office space in a vibrant community.
      3325 Ashley Phosphate Rd, North Charleston, SC 29418
      View Details
    • Contact for pricing
      71,711 SF

      Renovated Office Building Near I-26

      71,354 SF office building with recent $2M renovation.
      4975 Lacross Rd, North Charleston, SC 29406
      View Details
    • Contact for pricing
      95,625 SF

      Class A Office Building

      Four-story office building in North Charleston's Executive Park.
      4000 Faber Place Dr, North Charleston, SC 29405
      View Details
    • Contact for pricing
      8,463 SF

      Renovated Flex Park in Charleston

      Flex park in North Charleston, minutes from I-26 and I-526.
      5524 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

    FAQs

    What type of property is this?
    Warehouse - Well-maintained industrial building with excellent access to I-526.
    Where is this warehouse located?
    The property is located at 2572 Oscar Johnson Dr North Charleston, SC.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: - Excellent access to I-526.; - Suitable for light industrial/distribution uses.; - Existing tenant (Johnstone Supply) through September 2026.
    (843) 452-9417
    Request Owner's contact information
    2572 Oscar Johnson Dr North 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.
    2572 Oscar Johnson Dr
    North 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
    2572 Oscar Johnson Dr North 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
    Dexter C. Rumsey, Iv
    (843) 452-9417 (843) 720-4944
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!