Former Daycare Near Navy
1910 McMillan Avenue, North Charleston, SC 29405
12,895 SF former daycare near new Navy Yard project.
Type:Special Purpose
Property size:
12,895 SFLot size:
0.94 AcresPrice / SF:
$178/SF- Added:
- Mar 6, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 11:08 pm
Property Features for 1910 McMillan Avenue
General Information
- Standard status
- Active
- Size
- 12,895 SF
- Lot size
- 0.94 Acres
- Property subtype
- Special Purpose
Listing agent E. David Grubbs, Jr., SIOR (843) 814-6111
Listing office (843) 814-6111
Listing date Mar 6, 2026
Source Naiglobal
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 E. David Grubbs, Jr., SIOR
HighLights
- Located just outside the new Navy Yard redevelopment project (retail, office, residential, mixed‑use).
- Former daycare facility with capacity for 300 children.
- $546k of New FF&E and Tenant Improvements since 2022, including a new roof and 3 replaced HVAC Units (9 total).
- Suitable for daycare/preschool, medical/professional office, church, or financial service institution.
- Proximity to the Lowcountry Rapid Transit System (coming in 2026).
- ±12,895 SF building on ±0.94 AC zoned B2 (City of North Charleston).
Overview
Located just outside the new Navy Yard redevelopment project in North Charleston, this property features a ±12,895 SF former daycare on ±0.94 acres. The Navy Yard project will include retail, office, residential, and mixed-use opportunities. The property contains five classrooms for children two and under, eight classrooms for children ages three to five, an auditorium, a late pick-up room, a conference room, and administrative offices. It has a total occupancy for 300 children. Since 2022, $546,000 has been invested in new FF&E and tenant improvements, including a new roof and three replaced HVAC units (nine total). The property also contains an ADT security system. It is zoned B2 (City of North Charleston). The Lowcountry Rapid Transit System is planned for 2026, offering a rapid bus system between Charleston, North Charleston, and Summerville. The space is suitable for a medical or professional office, church, or financial service institution.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.92M
NOI $172,632 @ 9.00% cap · cautious / downside scenario
Moderate
$2.47M
NOI $172,632 @ 7.00% cap · market / base-case scenario
Aggressive
$3.45M
NOI $172,632 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.8k | $21.00 |
| − Vacancy | −$40.6k | −$3.15 |
| EGI | $230.2k | $17.85 |
| − OpEx | −$57.5k | −$4.46 |
| NOI | $172.6k | $13.39 |
12,895 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,632 @ 7.0% cap · market cap 7.51%
Second Best
Healthcare Medical
$2.39M
$2.09M – $2.79M
NOI $167,119 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$3.50M
$3.06M – $4.09M
NOI $245,108 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Day care centers
Similar Places Nearby
- Nia Infant, Toddler, & Child Development Center — 2007 Helm Ave, Charleston, SC 29405
- Toddlers Academy & Pre School — 4146 Rivers Ave, North Charleston, SC 29405
- Discovery School — 1910 mcmillan ave, north charleston, sc 29405
- Kingdom Treasures Child Center — 3680 Meeting Street Rd, North Charleston, SC 29405
Location Insight
- Map
- Local Demand
- City
- North Charleston
- County
- Dorchester
- State
- South Carolina
- Longitude
- -79.977988
- Latitude
- 32.860343
Nearby Similar for Sale
FAQs
What type of property is this?
Day care center - 12,895 SF former daycare near new Navy Yard project.
Where is this day care center located?
The property is located at 1910 McMillan Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Located just outside the new Navy Yard redevelopment project (retail, office, residential, mixed‑use).; Former daycare facility with capacity for 300 children.; $546k of New FF&E and Tenant Improvements since 2022, including a new roof and 3 replaced HVAC Units (9 total).
