Renovated Office and Warehouse
1525 Ashley River Road, Charleston, SC 29407
For Sale
New
$3,600,000
Three suites combine updated office space with occupied office and conditioned warehouse areas.
Property Size8,640 SF
Price / SF$416.67
Days on Market2
Property Features for 1525 Ashley River Road
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Warehouse Space
Office Build-Out
Conditioned Warehouse
Additional Details
Highway Access
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Units
Tenancy
Listing Agency:
Orange Real Estate
(864) 209-1009
Listed By:
Robert Wiksell
(843) 864-5489
Source:
Bishoprealtyteam
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 3 at 9:41PM
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 Orange Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property contains two office suites totaling 5,989 square feet and a 2,651-square-foot warehouse suite. The 4,074-square-foot Suite A received extensive renovations in 2024 and can accommodate medical or traditional office use. Suite B offers 1,915 square feet of office space and is occupied through 2027. The warehouse suite is also occupied through 2027 and includes multiple roll-up doors, conditioning, and a small office area.
The property is located between Downtown Charleston and I-526. Built in 1981, it sits on a 0.99-acre city lot.
The property is located between Downtown Charleston and I-526. Built in 1981, it sits on a 0.99-acre city lot.
Key Highlights
- Two office suites total 5,989 square feet
- 4,074‑square‑foot Suite A renovated in 2024
- 1,915‑square‑foot Suite B occupied through 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,271
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,425,420
$2.4M
Cap Rate 7%
$1,732,443
$1.7M
Cap Rate 9%
$1,347,456
$1.3M
Market Conditions
NOI Build-Up for 8,640 SF
Gross rent
$191.8K $22.20/SF
− Vacancy
−$30.1K −$3.49/SF
EGI
$161.7K $18.71/SF
− OpEx
−$40.4K −$4.68/SF
NOI
$121.3K $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%
$2,425,420
Cap Rate 7%
$1,732,443
Cap Rate 9%
$1,347,456
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,271 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,474 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,669 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
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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?
Mixed-use property - Three suites combine updated office space with occupied office and conditioned warehouse areas.
Where is this mixed-use property located?
The property is located at 1525 Ashley River Road Charleston, SC.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Two office suites total 5,989 square feet; 4,074‑square‑foot Suite A renovated in 2024; 1,915‑square‑foot Suite B occupied through 2027
