Dry Storage Warehouse on Fenced
1795 King Street Ext Charleston, SC 29405
1795 King Street Ext, Charleston, SC, 29405
$3,900,000
For Sale
$3,900,000
±120,000 SF dry storage warehouse on a ±1-acre partially fenced lot with access from two sides.
Property Size20,000 SF
Lot Size1.00 Acre
Price / SF$195
Days on Market117
Property Features for 1795 King Street Ext
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Industrial - Warehouse/Distribution
Listing agency
NAI Charleston
(843) 458-0607
Listed by
Sarah Shelley · License #106142
Source
Commercialcafe
Added: Mar 27 Updated: Jul 21 at 1:16AM Checked: Jul 21 at 4:16AM
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 NAI Charleston
Investment Insights
Based on property information with market context.
±120,000 SF warehouse/dry storage facility set on a ±1-acre partially fenced lot. The building is accessible from two sides, supporting flexible delivery and staging.
The property is located on Charleston’s upper peninsula off King Street Extension, adjacent to the Magnolia redevelopment tract. It is described as minutes away from the new Hugh Leatherman terminal, with close proximity to I-26 and downtown Charleston.
This offering presents a straightforward warehouse configuration for occupants seeking dry storage space with multi-side access and an enclosed exterior footprint.
The property is located on Charleston’s upper peninsula off King Street Extension, adjacent to the Magnolia redevelopment tract. It is described as minutes away from the new Hugh Leatherman terminal, with close proximity to I-26 and downtown Charleston.
This offering presents a straightforward warehouse configuration for occupants seeking dry storage space with multi-side access and an enclosed exterior footprint.
Key Highlights
- ±120,000 SF warehouse/dry storage facility on Charleston’s upper peninsula, off King Street Extension
- Located adjacent to the Magnolia redevelopment tract
- Minutes from the new Hugh Leatherman terminal
Local Financial Insights For Warehouse
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 | $355.2k | $17.76 |
| − Vacancy | −$46.2k | −$2.31 |
| EGI | $309.0k | $15.45 |
| − OpEx | −$46.4k | −$2.32 |
| NOI | $262.7k | $13.13 |
20,000 SF · lease $17.76/SF/yr · vacancy 13.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.75M
$3.28M – $4.38M
NOI $262,670 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$3.09M
$2.70M – $3.61M
NOI $216,317 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$5.41M
$4.74M – $6.31M
NOI $378,864 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wilson Restoration and Mitigation ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Royal Marine Packing — 2006 Cherry Hill Ln, Charleston, SC 29405
- Nilson Van & Storage — 2017 Pittsburgh Ave, Charleston, SC 29405
- Life Storage — 1540 Meeting Street Rd, Charleston, SC 29405
- Extra Space Storage — 2118 Heriot St, Charleston, SC 29403
FAQs
What type of property is this?
Warehouse - ±120,000 SF dry storage warehouse on a ±1-acre partially fenced lot with access from two sides.
Where is this warehouse located?
The property is located at 1795 King Street Ext Charleston, SC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: ±120,000 SF warehouse/dry storage facility on Charleston’s upper peninsula, off King Street Extension; Located adjacent to the Magnolia redevelopment tract; Minutes from the new Hugh Leatherman terminal
