Flexible Layout Office
For Sale
Contact for pricing
171 Church St, Charleston, SC 29401
Office units with flexible layout in downtown Charleston.
Property Size2,600 SF
Price / SF$403.85
Days on Market64
Property Features for 171 Church St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
OFFICE
Listing Agency:
Clement, Crawford & Thornhill
(843) 577-6722
Listed By:
Joseph C Tecklenburg · License #SC 89603
(843) 343-2268
Source:
Moodyscre
Added: Jul 16
Changed: Sep 2
Last Checked: Sep 16 at 8:14PM
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 Clement, Crawford & Thornhill
Investment Insights
Based on property information with market context.
Office units at 171 Church St, Charleston, SC 29401 offering flexible layout for a variety of office uses. The property comprises 2,600 square feet, providing space that can be configured to match tenant needs.
Located in a downtown setting, the space is positioned for businesses looking to operate in the heart of the city. The flexible layout supports a range of workplace configurations, making it a practical option for office tenants seeking adaptability in their space.
This offering is being marketed as an investment opportunity as well as a space for occupancy, with the flexible floor plan serving as a key differentiator for prospective tenants and users.
Located in a downtown setting, the space is positioned for businesses looking to operate in the heart of the city. The flexible layout supports a range of workplace configurations, making it a practical option for office tenants seeking adaptability in their space.
This offering is being marketed as an investment opportunity as well as a space for occupancy, with the flexible floor plan serving as a key differentiator for prospective tenants and users.
Key Highlights
- Flexible layout office units
- 2,600 SF office space
- Downtown location near 171 Church St, Charleston, SC 29401
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
$36,493
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
3.48%
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%
$729,860
$729.9K
Cap Rate 7%
$521,329
$521.3K
Cap Rate 9%
$405,478
$405.5K
Market Conditions
NOI Build-Up for 2,600 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
$57.7K $22.20/SF
− Vacancy
−$9.1K −$3.49/SF
EGI
$48.7K $18.71/SF
− OpEx
−$12.2K −$4.68/SF
NOI
$36.5K $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%
$729,860
Cap Rate 7%
$521,329
Cap Rate 9%
$405,478
Alternative Uses
Best Use
Office B
$521.3K
$456.2K – $608.2K
NOI $36,493 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.6K
$615.7K – $820.9K
NOI $49,252 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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 units with flexible layout in downtown Charleston.
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 $1,050,000.
What are key features of this property?
This property features: Flexible layout office units; 2,600 SF office space; Downtown location near 171 Church St, Charleston, SC 29401
