Office Suite with Private
For Sale
Contact for pricing
171 Church St, Charleston, SC 29401
Office suite features a large reception area, conference room, cubicle area, and four windowed private offices.
Property Size1,879 SF
Price / SF$316.66
Days on Market889
Property Features for 171 Church St
General Information
Standard status
Active
Size
1,879 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Charleston
(843) 514-1111
Listed By:
Charles S Carmody · License #115122
(843) 514-1111
Source:
Moodyscre
Added: Mar 20, 2024
Changed: Aug 22
Last Checked: Aug 24 at 7:00AM
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 CBRE | Charleston
Investment Insights
Based on property information with market context.
This office suite includes a large reception area, a large conference room, a work room, a cubicle area, and four private offices with windows. The space is configured for a mix of collaborative and private work areas.
The suite comes with three parking cards for the Cumberland Street garage at $160.00 per month per card. Various shopping and restaurant amenities are within walking distance.
The suite is currently leased through 12/31/2026. Regime fees are $1,190.23 per month, and the 2024 taxes were $8,445.70. Tax map sections listed are 458-05-03-178 and 458-05-03-179.
The suite comes with three parking cards for the Cumberland Street garage at $160.00 per month per card. Various shopping and restaurant amenities are within walking distance.
The suite is currently leased through 12/31/2026. Regime fees are $1,190.23 per month, and the 2024 taxes were $8,445.70. Tax map sections listed are 458-05-03-178 and 458-05-03-179.
Key Highlights
- Office suite includes a large reception area, conference room, cubicle area, and four private offices with windows
- Suite currently leased through 12/31/2026
- Includes 3 parking cards for the Cumberland Street garage at $160.00 per month per card
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,480
$527.5K
Cap Rate 7%
$376,771
$376.8K
Cap Rate 9%
$293,044
$293.0K
Market Conditions
NOI Build-Up for 1,879 SF
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.
Gross rent
$41.7K $22.20/SF
− Vacancy
−$6.5K −$3.49/SF
EGI
$35.2K $18.71/SF
− OpEx
−$8.8K −$4.68/SF
NOI
$26.4K $14.04/SF
Area
Charleston, SC
Vacancy
15.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,480
Cap Rate 7%
$376,771
Cap Rate 9%
$293,044
Alternative Uses
Best Use
Office B
$376.8K
$329.7K – $439.6K
NOI $26,374 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.5K
$444.9K – $593.2K
NOI $35,594 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 29401, SC
9,145
Population
5,808
Households
1.6
Avg Household Size
38
Median Age
75%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
6,097
Density / Sq Mi
$90,074
Median Household Income
$45,653
Median Earnings
$1,838
Median Rent
$1,165,900
Median Home Value
Market
Vacancy Rate% for Office in Charleston, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite features a large reception area, conference room, cubicle area, and four windowed private offices.
Where is this office units located?
The property is located at 171 Church St Charleston, SC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Office suite includes a large reception area, conference room, cubicle area, and four private offices with windows; Suite currently leased through 12/31/2026; Includes 3 parking cards for the Cumberland Street garage at $160.00 per month per card
