Two-Story Class A Office
For Sale
Contact for pricing
1435 Stuart Engals Boulevard, Mount Pleasant, SC 29464
Fully leased office property with multiple professional suites and on-site parking.
Property Size10,814 SF
Price / SF$362.96
Days on Market181
Property Features for 1435 Stuart Engals Boulevard
General Information
Standard status
Active
Size
10,814 SF
Class
A
Property subtype
Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
4
Building Details
Year Built
2018
Buildings
1
Stories
2
Tenancy
Multi
Parking Ratio
3.43 per 1,000 SF
Listing Agency:
Landmark Enterprises Services, LLC
Listed By:
Charlotte Fonvielle · License #140808
Source:
Crexi
Added: Mar 3
Changed: Aug 30
Last Checked: Aug 31 at 7:56AM
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 Landmark Enterprises Services, LLC
Investment Insights
Based on property information with market context.
Built in 2018, this 10,814-square-foot office building provides two levels of Class A space arranged across four suites. The property was designed for professional office occupancy and includes contemporary finishes, an efficient layout, and on-site parking with a ratio of 3.43/1,000 SF.
The building is located at 1435 Stuart Engals Boulevard in Mount Pleasant, South Carolina, near Highway 17. I-526, Coleman Boulevard, and Johnnie Dodds Boulevard are also nearby. Restaurants, cafes, and retail amenities in the surrounding area provide convenient services for occupants and visitors. The building is fully leased, offering an established office configuration with multiple occupied suites.
The building is located at 1435 Stuart Engals Boulevard in Mount Pleasant, South Carolina, near Highway 17. I-526, Coleman Boulevard, and Johnnie Dodds Boulevard are also nearby. Restaurants, cafes, and retail amenities in the surrounding area provide convenient services for occupants and visitors. The building is fully leased, offering an established office configuration with multiple occupied suites.
Key Highlights
- 10,814 SF two‑story office building
- Fully leased across four office suites
- Constructed in 2018 for owner‑occupant use
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
$226,283
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
5.77%
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%
$4,525,660
$4.5M
Cap Rate 7%
$3,232,614
$3.2M
Cap Rate 9%
$2,514,256
$2.5M
Market Conditions
NOI Build-Up for 10,814 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
$324.4K $30.00/SF
− Vacancy
−$22.7K −$2.10/SF
EGI
$301.7K $27.90/SF
− OpEx
−$75.4K −$6.98/SF
NOI
$226.3K $20.92/SF
Area
Charleston County, SC
Vacancy
7.00%
Lease Rate
$30.00 /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%
$4,525,660
Cap Rate 7%
$3,232,614
Cap Rate 9%
$2,514,256
Alternative Uses
Best Use
Office B
$3.23M
$2.83M – $3.77M
NOI $226,283 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.43M – $4.58M
NOI $274,784 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 29464, SC
51,287
Population
26,829
Households
1.9
Avg Household Size
41
Median Age
67%
College-Educated
96%
High-School Grad
30.1 sq mi
ZIP Area
1,704
Density / Sq Mi
$107,215
Median Household Income
$60,066
Median Earnings
$1,973
Median Rent
$672,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office property with multiple professional suites and on-site parking.
Where is this office building located?
The property is located at 1435 Stuart Engals Boulevard Mount Pleasant, SC.
What is the asking price?
The asking price for this property is $3,925,000.
What are key features of this property?
This property features: 10,814 SF two‑story office building; Fully leased across four office suites; Constructed in 2018 for owner‑occupant use
