Corner Retail Storefront
For Sale
Contact for pricing
2122 Cosgrove Avenue, North Charleston, SC 29405
Corner retail site along Cosgrove Avenue with B-1 zoning supporting office, retail, restaurant, and neighborhood service uses.
Property Size2,084 SF
Price / SF$359.88
Days on Market55
Property Features for 2122 Cosgrove Avenue
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Retail
Zoning
City of North Charleston - B-1 - Limited Business District
Listing Agency:
NAI Charleston
(843) 518-5387
Listed By:
Will Sherrod · License #SC 79410
Source:
Crexi
Added: Jun 19
Changed: Aug 11
Last Checked: Aug 10 at 4:19PM
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.
This corner retail storefront totals 2,084 square feet and is offered for sale as a flexible use property within North Charleston. The listing describes the site as positioned for visibility along the Cosgrove Avenue corridor, with exposure enhanced by its corner configuration. Zoning is B-1 Limited Business, which permits a variety of office, retail, restaurant, and neighborhood service uses, giving an owner-user or investor multiple operating paths.
The property is located along the rapidly evolving Cosgrove Avenue corridor, steps from Rivers Avenue. The remarks indicate the site is surrounded by new construction and by significant nearby investments exceeding $2 million, consistent with an area that is actively changing.
For tenants, the B-1 Limited Business designation supports a mix of neighborhood-oriented concepts, including retail and food service, as well as office and neighborhood service operations. For buyers, the combination of a corner retail frontage and a broad zoning range can make the property workable for an owner-operator seeking a straightforward conversion path within the permitted use categories stated in the listing.
The property is located along the rapidly evolving Cosgrove Avenue corridor, steps from Rivers Avenue. The remarks indicate the site is surrounded by new construction and by significant nearby investments exceeding $2 million, consistent with an area that is actively changing.
For tenants, the B-1 Limited Business designation supports a mix of neighborhood-oriented concepts, including retail and food service, as well as office and neighborhood service operations. For buyers, the combination of a corner retail frontage and a broad zoning range can make the property workable for an owner-operator seeking a straightforward conversion path within the permitted use categories stated in the listing.
Key Highlights
- Corner retail site along Cosgrove Avenue in North Charleston
- B‑1 Limited Business zoning allows office, retail, restaurant, and neighborhood service uses
- Located just steps from Rivers Avenue
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
$24,158
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
3.22%
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%
$483,160
$483.2K
Cap Rate 7%
$345,114
$345.1K
Cap Rate 9%
$268,422
$268.4K
Market Conditions
NOI Build-Up for 2,084 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
$37.5K $18.00/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$34.5K $16.56/SF
− OpEx
−$10.4K −$4.97/SF
NOI
$24.2K $11.59/SF
Area
North Charleston, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$483,160
Cap Rate 7%
$345,114
Cap Rate 9%
$268,422
Alternative Uses
Best Use
Retail
$345.1K
$302.0K – $402.6K
NOI $24,158 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.9K
$495.2K – $660.2K
NOI $39,613 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 38%
Groceries 17%
Electronics 2%
McDonald's
Dining
15,830 visits/mo
0.4 miles
Restaurant Depot
Groceries
9,682 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,151 visits/mo
0.3 miles
Exxon
Shops & Services
6,026 visits/mo
0.4 miles
Church's Chicken
Dining
5,839 visits/mo
0.3 miles
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corner retail site along Cosgrove Avenue with B-1 zoning supporting office, retail, restaurant, and neighborhood service uses.
Where is this retail space located?
The property is located at 2122 Cosgrove Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Corner retail site along Cosgrove Avenue in North Charleston; B‑1 Limited Business zoning allows office, retail, restaurant, and neighborhood service uses; Located just steps from Rivers Avenue
