Office Suite with Private
For Sale
Contact for pricing
171 Church St, Charleston, SC 29401
Office suite features a large reception area, conference room, cubicle area, and four windowed private offices.
Property Size1,879 SF
Price / SF$316.66
Days on Market935
Property Features for 171 Church St
General Information
Standard status
Active
Size
1,879 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Charleston
(843) 577-0702
Listed By:
Charles S Carmody · License #5454
(843) 514-1111
Source:
Moodyscre
Added: Mar 20, 2024
Changed: Oct 2
Last Checked: Oct 7 at 9:05AM
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 CBRE | Charleston
Investment Insights
Based on property information with market context.
This office suite includes a large reception area, a large conference room, a work room, a cubicle area, and four private offices with windows. The space is configured for a mix of collaborative and private work areas.
The suite comes with three parking cards for the Cumberland Street garage at $160.00 per month per card. Various shopping and restaurant amenities are within walking distance.
The suite is currently leased through 12/31/2026. Regime fees are $1,190.23 per month, and the 2024 taxes were $8,445.70. Tax map sections listed are 458-05-03-178 and 458-05-03-179.
The suite comes with three parking cards for the Cumberland Street garage at $160.00 per month per card. Various shopping and restaurant amenities are within walking distance.
The suite is currently leased through 12/31/2026. Regime fees are $1,190.23 per month, and the 2024 taxes were $8,445.70. Tax map sections listed are 458-05-03-178 and 458-05-03-179.
Key Highlights
- Office suite includes a large reception area, conference room, cubicle area, and four private offices with windows
- Suite currently leased through 12/31/2026
- Includes 3 parking cards for the Cumberland Street garage at $160.00 per month per card
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,374
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,480
$527.5K
Cap Rate 7%
$376,771
$376.8K
Cap Rate 9%
$293,044
$293.0K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$41.7K $22.20/SF
− Vacancy
−$6.5K −$3.49/SF
EGI
$35.2K $18.71/SF
− OpEx
−$8.8K −$4.68/SF
NOI
$26.4K $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%
$527,480
Cap Rate 7%
$376,771
Cap Rate 9%
$293,044
Alternative Uses
Best Use
Office B
$376.8K
$329.7K – $439.6K
NOI $26,374 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.5K
$444.9K – $593.2K
NOI $35,594 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 29401, SC
9,145
Population
5,808
Households
1.6
Avg Household Size
38
Median Age
75%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
6,097
Density / Sq Mi
$90,074
Median Household Income
$45,653
Median Earnings
$1,838
Median Rent
$1,165,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charleston, SC
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Frequently Asked Questions
What type of property is this?
Office units - Office suite features a large reception area, conference room, cubicle area, and four windowed private offices.
Where is this office units located?
The property is located at 171 Church St Charleston, SC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Office suite includes a large reception area, conference room, cubicle area, and four private offices with windows; Suite currently leased through 12/31/2026; Includes 3 parking cards for the Cumberland Street garage at $160.00 per month per card
