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    North Charleston Flex/Warehouse Space Title is generated by Realmo AI

    2399 Air Park Rd, North Charleston, SC

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    Flex and warehouse suites available for lease in North Charleston.

    Type:FLEX_R_AND_D
    Property size:
    20,000 SF
    Lot size:
    2.77 Acres
    Added:
    Feb 28, 2025
    Days on Market:
    463
    Last Refresh:
    May 20 at 9:09 pm

    Property Features for 2399 Air Park Rd

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Lot size
    2.77 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 2399 Air Park Rd Contact us

    We can help!

    Listing Contact
    Ryan Welch
    Ryan Welch

    Listing agent Ryan Welch License ##110474

    Listing office Lee & Associates | Charleston

    Listing date Feb 28, 2025

    Source Moodyscre

    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 Lee & Associates | Charleston

    HighLights

    • Centrally located in North Charleston with excellent I‑26 visibility and quick access to Charleston submarkets.
    • Flexible space suitable for various business types, with suite sizes ranging from +/- 7,000 SF to +/- 8,955 SF in Building A and divisible +/-10,000 SF spaces in Building B.
    • Newly renovated buildings featuring new glass storefronts and grade‑level roll‑up doors at the front and rear of each suite.
    • Building B offers fully conditioned warehouse space with new LED lighting, kitchenette, and restrooms.
    • Customizable office buildouts available in Building A, including private office, kitchenette, two restrooms, and open workspace.
    • Access to a common dock well and runway behind Building A.

    Overview

    Located in North Charleston, 2390 Air Park is a flex park centrally situated on a 2.7 acre light industrial site. The property is adjacent to I-26, offering visibility and access to Charleston’s submarkets. Renovations are currently being completed, and each building features new glass store fronts and grade-level roll-up doors at both the front and rear of each suite. Building A at 2390 Air Park Road offers flex suites ranging from approximately 7,000 to 8,955 square feet. Office buildouts include a private office, kitchenette, two restrooms, and open workspace, with customization options available. Tenants have access to a common dock well and the runway behind the building. Eave heights range from 14 feet to 14 feet 3 inches, depending on the suite. Building B provides approximately 20,000 square feet of warehouse space that can be subdivided down to approximately 10,000 square feet in a fully conditioned environment. The build out includes a kitchenette and restrooms, along with new LED lighting. A dock-well with two dock positions is adjacent to the building. Air Park provides flexible space for a variety of business types and users.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Miss Katie’s Sweets — 5600 Rivers Ave #6027, North Charleston, SC 29406
    • Rudy & Rosie Bahamian Delight — 5600 Rivers Ave, North Charleston, SC 29406

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.026429
    Latitude
    32.896884

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    FAQs

    What type of property is this?
    Flex space - Flex and warehouse suites available for lease in North Charleston.
    Where is this flex space located?
    The property is located at 2399 Air Park Rd North Charleston, SC.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Centrally located in North Charleston with excellent I‑26 visibility and quick access to Charleston submarkets.; Flexible space suitable for various business types, with suite sizes ranging from +/- 7,000 SF to +/- 8,955 SF in Building A and divisible +/-10,000 SF spaces in Building B.; Newly renovated buildings featuring new glass storefronts and grade‑level roll‑up doors at the front and rear of each suite.
    (843) 747-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Welch
    Ryan Welch
    Real Estate License ID: #110474
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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