Second-Floor Office
For Sale
Contact for pricing
1470 Tobias Gadson Boulevard Suite 201, Charleston, SC 29407
Configured with private offices, a conference room, reception area, and two balconies.
Property Size3,622 SF
Price / SF$345.11
Days on Market191
Property Features for 1470 Tobias Gadson Boulevard Suite 201
General Information
Standard status
Active
Size
3,622 SF
Class
A
Property subtype
Office
Zoning
City of Charleston - GO - General Office
Building Details
Year Built
2002
Listing Agency:
Palmetto Commercial Properties
Listed By:
Conyers Hallman
Source:
Crexi
Added: Apr 12
Changed: Oct 12
Last Checked: Oct 16 at 7:31AM
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 Palmetto Commercial Properties
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Investment Insights
Based on property information with market context.
This office condominium provides approximately 3,831 RSF on the second floor of a 41,600 SF professional office building. The layout includes a reception area, conference room, 10 private offices, and 2 exterior balconies. Access is available by central elevator or stairwell, supporting a practical office environment for an owner-user.
The building has recently completed extensive common-area renovations, including an open lobby and an exterior fountain. Ample parking is available, and the property includes shared balcony space and elevator service. The configuration is suited to professional office operations, including the medical, financial, and real estate uses identified for the space.
The building has recently completed extensive common-area renovations, including an open lobby and an exterior fountain. Ample parking is available, and the property includes shared balcony space and elevator service. The configuration is suited to professional office operations, including the medical, financial, and real estate uses identified for the space.
Key Highlights
- Approximately 3,831 RSF of second‑floor office space
- 10 private offices plus reception and conference areas
- 2 exterior balconies included with the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,838
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,760
$1.0M
Cap Rate 7%
$726,257
$726.3K
Cap Rate 9%
$564,867
$564.9K
Market Conditions
NOI Build-Up for 3,622 SF
Gross rent
$80.4K $22.20/SF
− Vacancy
−$12.6K −$3.49/SF
EGI
$67.8K $18.71/SF
− OpEx
−$16.9K −$4.68/SF
NOI
$50.8K $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 Rate 5%
$1,016,760
Cap Rate 7%
$726,257
Cap Rate 9%
$564,867
Alternative Uses
Best Use
Office B
$726.3K
$635.5K – $847.3K
NOI $50,838 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$980.2K
$857.7K – $1.14M
NOI $68,612 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 29407, SC
35,373
Population
18,723
Households
1.9
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,297
Density / Sq Mi
$80,568
Median Household Income
$51,827
Median Earnings
$1,388
Median Rent
$407,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charleston, SC
Frequently Asked Questions
What type of property is this?
Office units - Configured with private offices, a conference room, reception area, and two balconies.
Where is this office units located?
The property is located at 1470 Tobias Gadson Boulevard Suite 201 Charleston, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 3,831 RSF of second‑floor office space; 10 private offices plus reception and conference areas; 2 exterior balconies included with the unit
