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    Four-Story Office Building For Sale Title is generated by Realmo AI

    1495 Remount Rd, North Charleston, SC 29406

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    Four-story office building in rapidly transforming North Charleston corridor.

    Type:Mixed Use, Office, Retail
    Property size:
    6,674 SF
    Lot size:
    0.70 Acres
    Price / SF:
    $179/SF
    Added:
    Dec 10, 2024
    Days on Market:
    541
    Last Refresh:
    May 12 at 10:15 pm

    Property Features for 1495 Remount Rd

    General Information

    Standard status
    Active
    Size
    6,674 SF
    Lot size
    0.70 Acres
    Property subtype
    Mixed Use, Office, Retail

    We can help!

    Listing Contact
    Chad Yonce

    Listing agent Chad Yonce License #SC

    Listing office Southeastern Management Group

    Listing date Dec 10, 2024

    Source Crexi

    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 Southeastern Management Group

    HighLights

    • Freestanding ±7,400 SF professional office building.
    • Excellent location: Less than 3 minutes to I‑26 and I‑526, and 5 minutes to Park Circle.
    • Excellent accessibility: Less than 2 minutes to Rivers Avenue.
    • Unique features: Includes 17 offices, a large conference room with fireplace and 16' ceilings, and a full kitchen.
    • Potential for expansion: Large 0.695 acre lot allows for adding square footage or building a separate structure.
    • Ideal for owner occupant: Opportunity to occupy a portion and lease the remainder as executive rentals.

    Overview

    This four-story professional office building is located on Remount Road, situated on 0.695 acres within the evolving commercial area of North Charleston. The freestanding building encompasses approximately 7,400 square feet and contains a total of 17 offices. The layout includes a large conference room featuring a fireplace and 16-foot ceilings, a full kitchen, and four restrooms. Ample parking is available. The 0.695-acre lot may present opportunities for expansion, either by adding square footage to the existing structure or constructing a separate building along Attaway Street. The property is zoned ON, Neighborhood Office, in the City of North Charleston. Accessibility is a key feature, with proximity to various transportation routes. It is less than 2 minutes from Rivers Avenue, less than 3 minutes from both I-26 and I-526, and 5 minutes from Park Circle. This property is suitable for an owner occupant or for leasing out offices as executive rentals.

    Local Financial Insights For Office B

    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 $140.2k $21.00
    − Vacancy −$21.0k −$3.15
    EGI $119.1k $17.85
    − OpEx −$29.8k −$4.46
    NOI $89.3k $13.39
    6,674 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,348 @ 7.0% cap · market cap 7.45%
    Second Best
    Retail
    $1.11M
    $967.1K – $1.29M (±1% cap)
    NOI $77,365 @ 7.0% cap · market cap 6.45%
    Theoretical Best
    Office A
    $1.81M
    $1.59M – $2.11M (±1% cap)
    NOI $126,859 @ 7.0% cap · market cap 10.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.0182
    Latitude
    32.9291

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    FAQs

    What type of property is this?
    Office building - Four-story office building in rapidly transforming North Charleston corridor.
    Where is this office building located?
    The property is located at 1495 Remount Rd North Charleston, SC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Freestanding ±7,400 SF professional office building.; **Excellent location:** Less than 3 minutes to I‑26 and I‑526, and 5 minutes to Park Circle.; Excellent accessibility: Less than 2 minutes to Rivers Avenue.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chad Yonce
    Real Estate License ID: SC
    Learn More
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    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
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