Office Building with Abundant Natural
For Sale
Contact for pricing
Pending
1524 Ashley River Rd, Charleston, SC 29407
Adaptable office layout with efficient floor plates and ample parking for staff and clients.
Property Size5,452 SF
Days on Market74
Property Features for 1524 Ashley River Rd
General Information
Standard status
Pending
Size
5,452 SF
Class
A
Property subtype
Office
Zoning
GB- General Business
Investment Type
Owner/User
Listing Agency:
Coldwell Banker Commercial | Atlantic
(843) 725-6255
Listed By:
Davis Swing · License #138245
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Jul 24 at 8:30AM
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 Coldwell Banker Commercial | Atlantic
Investment Insights
Based on property information with market context.
This office building at 1524 Ashley River Road is designed for adaptable tenant use, featuring a professional facade and abundant natural light throughout the workspaces. The interior layout includes efficient floor plates with thoughtful circulation to support collaboration while preserving privacy where needed. The building is described as having well-maintained systems intended to support reliable day-to-day operations, with a clean, office-ready environment for professionals.
The property is located in Charleston, South Carolina, with the public remarks noting that downtown Charleston is just minutes away. Area context includes nearby dining, boutique shopping, and cultural destinations referenced as Waterfront Park and The Battery, along with event activity at Marion Square. The Ashley River is also referenced as a scenic backdrop for work and leisure.
For tenants or buyers seeking an established office setting, this property offers practical features for everyday operations, including office-focused floor planning and generous parking for staff and client vehicles. The adaptable nature of the workspace and emphasis on natural light and maintained building systems may appeal to professional services users looking for a refined home to support ongoing business activity.
The property is located in Charleston, South Carolina, with the public remarks noting that downtown Charleston is just minutes away. Area context includes nearby dining, boutique shopping, and cultural destinations referenced as Waterfront Park and The Battery, along with event activity at Marion Square. The Ashley River is also referenced as a scenic backdrop for work and leisure.
For tenants or buyers seeking an established office setting, this property offers practical features for everyday operations, including office-focused floor planning and generous parking for staff and client vehicles. The adaptable nature of the workspace and emphasis on natural light and maintained building systems may appeal to professional services users looking for a refined home to support ongoing business activity.
Key Highlights
- Impressive office building at 1524 Ashley River Road with adaptable workspace for modern tenants
- Efficient floor plates and thoughtful circulation designed to support collaborative work and privacy
- Abundant natural light throughout the workspace
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
$76,524
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
6.65%
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%
$1,530,480
$1.5M
Cap Rate 7%
$1,093,200
$1.1M
Cap Rate 9%
$850,267
$850.3K
Market Conditions
NOI Build-Up for 5,452 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
$121.0K $22.20/SF
− Vacancy
−$19.0K −$3.49/SF
EGI
$102.0K $18.71/SF
− OpEx
−$25.5K −$4.68/SF
NOI
$76.5K $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%
$1,530,480
Cap Rate 7%
$1,093,200
Cap Rate 9%
$850,267
Alternative Uses
Best Use
Office B
$1.09M
$956.6K – $1.28M
NOI $76,524 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,278 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,331
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
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 building - Adaptable office layout with efficient floor plates and ample parking for staff and clients.
Where is this office building located?
The property is located at 1524 Ashley River Rd Charleston, SC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Impressive office building at 1524 Ashley River Road with adaptable workspace for modern tenants; Efficient floor plates and thoughtful circulation designed to support collaborative work and privacy; Abundant natural light throughout the workspace
