Retail Showroom and Office
For Sale
$1,295,000
2365 North Highway 17, Mount Pleasant, SC 29466
Renovated two-story building with retail showroom and offices, featuring multiple workspaces, kitchen, and restrooms with strong Hwy 17 visibility.
Property Size3,298 SF
Price / SF$392.66
Days on Market53
Property Features for 2365 North Highway 17
General Information
Standard status
Active
Size
3,298 SF
Property subtype
Office
Listing Agency:
CBRE | Charleston
(843) 577-1155
Listed By:
Charles Carmody · License #115122
(843) 577-1155
Source:
Cbre
Added: Jul 3
Changed: Aug 23
Last Checked: Jul 25 at 3:00PM
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.
2365 N Highway 17 is a renovated two-story building currently used as a retail marble and granite showroom with accompanying office space. The property totals approximately 3,298 SF, with about 2,055 SF on the first floor and about 1,243 SF on the second floor. The first floor includes a lobby area, three large open work spaces, a full kitchen, two private offices, and two restrooms. The second floor offers three private offices, a kitchen area, and a full bathroom with a shower.
The building is located on Hwy 17 across from Boone Hall and is noted for great access and visibility to Hwy 17.
From a tenant-fit standpoint, the existing layout supports a showroom with operational offices, with restrooms and kitchen facilities on both levels.
The building is located on Hwy 17 across from Boone Hall and is noted for great access and visibility to Hwy 17.
From a tenant-fit standpoint, the existing layout supports a showroom with operational offices, with restrooms and kitchen facilities on both levels.
Key Highlights
- Renovated 1957‑built, two‑story building used as a retail marble & granite showroom and offices
- Approx. 3,298 SF total: approx. 2,055 SF first floor and approx. 1,243 SF second floor
- First floor includes lobby, three large open work spaces, full kitchen, two private offices, and two restrooms
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
$69,011
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
5.33%
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%
$1,380,220
$1.4M
Cap Rate 7%
$985,871
$985.9K
Cap Rate 9%
$766,789
$766.8K
Market Conditions
NOI Build-Up for 3,298 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
$98.9K $30.00/SF
− Vacancy
−$6.9K −$2.10/SF
EGI
$92.0K $27.90/SF
− OpEx
−$23.0K −$6.98/SF
NOI
$69.0K $20.92/SF
Area
Charleston County, SC
Vacancy
7.00%
Lease Rate
$30.00 /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%
$1,380,220
Cap Rate 7%
$985,871
Cap Rate 9%
$766,789
Alternative Uses
Best Use
Office B
$985.9K
$862.6K – $1.15M
NOI $69,011 @ 7.0% cap · market cap 5.33%
Second Best
Retail
$884.3K
$773.8K – $1.03M
NOI $61,902 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,802 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29466, SC
42,316
Population
18,125
Households
2.3
Avg Household Size
42
Median Age
62%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,449
Density / Sq Mi
$130,546
Median Household Income
$62,466
Median Earnings
$2,175
Median Rent
$659,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated two-story building with retail showroom and offices, featuring multiple workspaces, kitchen, and restrooms with strong Hwy 17 visibility.
Where is this showroom located?
The property is located at 2365 North Highway 17 Mount Pleasant, SC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Renovated 1957‑built, two‑story building used as a retail marble & granite showroom and offices; Approx. 3,298 SF total: approx. 2,055 SF first floor and approx. 1,243 SF second floor; First floor includes lobby, three large open work spaces, full kitchen, two private offices, and two restrooms
