Two-Unit Office Condo
15 Gamecock Ave Charleston, SC 29407
For Sale
Contact for pricing
Two connecting office condos total about 8,500 square feet, separately metered for power and water, currently set up for professional use.
Property Size8,500 SF
Price / SF$250
Days on Market490
Property Features for 15 Gamecock Ave
General Information
Standard status
Active
Size
8,500 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Charleston
(843) 367-6053
Listed By:
Chip Shealy · License #83757
(843) 367-6053
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:12PM
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 offering includes two connecting office condos totaling approximately 8,500 square feet. The property is described as extremely well maintained and is currently used as an insurance agency, with the current tenant scheduled to vacate prior to closing.
Unit A includes about 3,000 square feet on the first floor and 700 square feet on the second floor, plus additional attic space. Unit B includes about 3,100 square feet on the first floor and 1,700 square feet on the second floor. Each unit is separately metered for power and water. The full building could be used for medical or other professional office purposes; by filling in one opening, it could be split back into two units.
The building’s configuration and separate utilities make the property suitable for an owner-operator who wants control of a single space while retaining the option to operate or market the units separately if desired.
Unit A includes about 3,000 square feet on the first floor and 700 square feet on the second floor, plus additional attic space. Unit B includes about 3,100 square feet on the first floor and 1,700 square feet on the second floor. Each unit is separately metered for power and water. The full building could be used for medical or other professional office purposes; by filling in one opening, it could be split back into two units.
The building’s configuration and separate utilities make the property suitable for an owner-operator who wants control of a single space while retaining the option to operate or market the units separately if desired.
Key Highlights
- Two connecting office condos totaling approximately 8,500 SF, available with the current tenant vacating prior to closing
- Unit A: approx. 3,000 SF first floor and 700 SF second floor, plus additional attic space
- Unit B: approx. 3,100 SF first floor and 1,700 SF second floor
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.3k | $25.80 |
| − Vacancy | −$19.5k | −$2.30 |
| EGI | $199.8k | $23.50 |
| − OpEx | −$79.9k | −$9.40 |
| NOI | $119.9k | $14.10 |
8,500 SF · lease $25.80/SF/yr · vacancy 8.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.71M
$1.50M – $2.00M
NOI $119,869 @ 7.0% cap · market cap 5.64%
Second Best
Office B
$1.70M
$1.49M – $1.99M
NOI $119,306 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,017 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two connecting office condos total about 8,500 square feet, separately metered for power and water, currently set up for professional use.
Where is this office units located?
The property is located at 15 Gamecock Ave Charleston, SC.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: Two connecting office condos totaling approximately 8,500 SF, available with the current tenant vacating prior to closing; Unit A: approx. 3,000 SF first floor and 700 SF second floor, plus additional attic space; Unit B: approx. 3,100 SF first floor and 1,700 SF second floor
