Fully Renovated Warehouse-Office
New
For Sale
Contact for pricing
2532 Spruill Ave, North Charleston, SC 29405
Fully conditioned warehouse and office space with renovated systems, polished concrete floors, and modern office buildout.
Property Size27,840 SF
Lot Size1.73 Acres
Price / SF$215.52
Days on Market6
Property Features for 2532 Spruill Ave
General Information
Standard status
Active
Size
27,840 SF
Lot size
1.73 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
4
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Listing Agency:
NAI | Charleston
(843) 458-0607
Listed By:
Sarah B Shelley · License #22134
(843) 458-0607
Source:
Moodyscre
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 31 at 1:17PM
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 fully conditioned warehouse and office facility totals 27,840 square feet and was fully renovated with a new roof, HVAC and sprinkler systems, polished concrete floors, and updated electrical and lighting. Interior improvements include mechanical upgrades, restrooms, and plumbing throughout. The office component provides 3,900 square feet with three large private offices plus an open lobby/showroom area with modern finishing.
The property sits on 1.73 acres inside the I-526 loop. In addition to the main building, there are four storage buildings on-site that are not included in the stated total square footage. Each storage building has its own drive-in roll-up door.
The property sits on 1.73 acres inside the I-526 loop. In addition to the main building, there are four storage buildings on-site that are not included in the stated total square footage. Each storage building has its own drive-in roll-up door.
Key Highlights
- +27,840 SF fully conditioned warehouse/office space on +1.73 acres inside the I‑526 loop
- Building fully renovated with new roof, HVAC/sprinkler systems, polished concrete floors, and updated electric, lighting, mechanical
- +3,900 SF office space with three large private offices and an open lobby/showroom area with modern finishing
Financial Insights For Office B
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 | $584.6k | $21.00 |
| − Vacancy | −$87.7k | −$3.15 |
| EGI | $496.9k | $17.85 |
| − OpEx | −$124.2k | −$4.46 |
| NOI | $372.7k | $13.39 |
27,840 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.32M
$4.66M – $6.21M
NOI $372,708 @ 7.0% cap · market cap 6.21%
Second Best
Flex RnD
$4.09M
$3.58M – $4.78M
NOI $286,641 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$7.56M
$6.61M – $8.82M
NOI $529,183 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully conditioned warehouse and office space with renovated systems, polished concrete floors, and modern office buildout.
Where is this flex space located?
The property is located at 2532 Spruill Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: +27,840 SF fully conditioned warehouse/office space on +1.73 acres inside the I‑526 loop; Building fully renovated with new roof, HVAC/sprinkler systems, polished concrete floors, and updated electric, lighting, mechanical; +3,900 SF office space with three large private offices and an open lobby/showroom area with modern finishing
