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    Freestanding Warehouse Flex Building Title is generated by Realmo AI

    2960 Rivers Avenue, North Charleston, SC 29405

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    Freestanding warehouse flex with office, rollup doors, and a laydown yard on a hard-corner for strong visibility.

    Type:Warehouse/Flex Building
    Property size:
    5,000 SF
    Lot size:
    0.22 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 3:04 am

    Property Features for 2960 Rivers Avenue

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.22 Acres
    Property subtype
    Warehouse/Flex Building

    We can help!

    Listing Contact
    Shep Benjamin, MRED

    Listing agent Shep Benjamin, MRED

    Listing office NAI | Charleston

    Listing date Jun 2, 2026

    Source Naicharleston

    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

    HighLights

    • Freestanding ±5,000 SF warehouse/flex building with ±1,250 SF office and ±3,750 SF warehouse.
    • Hard‑corner location with access/visibility from both Rivers Avenue and Carner Avenue.
    • Warehouse features two 10' x 10' rollup doors plus 1 truck well; 18' clear with 16' eaves.
    • Utilities include 3‑phase power (800 & 400 amp) and a natural gas connection.
    • ±0.22‑acre laydown yard included; room to expand building by approximately 2,500 SF.
    • Lease available Q1 2019 at $13.50/SF NNN.

    Overview

    Freestanding warehouse/flex building available for lease, offering a combination of office and warehouse space. The building includes approximately 1,250 SF of office space and approximately 3,750 SF of warehouse space, with the option to expand the structure by approximately 2,500 SF. The facility features two 10’ x 10’ rollup doors and one truck well, with 18’ clear height and 16’ eaves. Power is available with 3-phase service (800 and 400 amp) and natural gas connection. A 0.22-acre laydown yard is included.

    Set on a hard corner, the property provides premier access and visibility from both Rivers Avenue and Carner Avenue. The site is also described as being in direct proximity to I-26 and to downtown Charleston and North Charleston, supporting a practical distribution and service location.

    This configuration is well suited for tenants needing functional warehouse space alongside an on-site office component, particularly where outdoor storage or vehicle staging is part of the operating plan. The clear-span warehouse features and truck/door setup can support a range of light industrial and logistics-oriented uses, with the potential to grow the building footprint as needs change.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Gym & Fitness Center Electrical Service Cafe & Coffee Shop

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

    Similar Places Nearby

    • KINGS TABLE — Chestnut St, North Charleston, SC 29405
    • Islands Catering — 4264 Spruill Ave, North Charleston, SC 29405

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -79.9839
    Latitude
    32.8537

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    FAQs

    What type of property is this?
    Flex space - Freestanding warehouse flex with office, rollup doors, and a laydown yard on a hard-corner for strong visibility.
    Where is this flex space located?
    The property is located at 2960 Rivers Avenue North Charleston, SC.
    What are key features of this property?
    This property features: Freestanding ±5,000 SF warehouse/flex building with ±1,250 SF office and ±3,750 SF warehouse.; Hard‑corner location with access/visibility from both Rivers Avenue and Carner Avenue.; Warehouse features two 10' x 10' rollup doors plus 1 truck well; 18' clear with 16' eaves.
    (843) 452-9417
    We can help!
    Listing Contact
    Shep Benjamin, MRED
    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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