Class A Office Suites
For Sale
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297 Seven Farms Dr, Charleston, SC 29492
Two fully leased Class A office suites totaling 4,651 SF with rear parking and frontage on Seven Farms Drive.
Property Size4,651 SF
Price / SF$390
Days on Market273
Property Features for 297 Seven Farms Dr
General Information
Standard status
Active
Size
4,651 SF
Property subtype
OFFICE
Listing Agency:
Meyer Kapp & Associates LLC
(843) 971-8600
Listed By:
Eric Meyer
(843) 971-8603
Source:
Moodyscre
Added: Jan 22
Changed: Oct 6
Last Checked: Oct 20 at 10:37PM
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 Meyer Kapp & Associates LLC
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Investment Insights
Based on property information with market context.
This offering includes two fully leased Class A commercial office suites in a single building, totaling approximately 4,651 square feet. Suite 200 offers 3 private offices, a kitchenette, a large conference room, and a reception area. Suite 201 includes 3 private offices, a bull pen area, two storage closets, a large conference room, and a full-size kitchen and dining area. Both leases are in place with annual increases and terms of approximately 7+ years remaining.
The property is located on Seven Farms Drive in the center of Daniel Island’s commercial district. The building has frontage on Seven Farms Drive, with parking and service positioned in the rear, and elevator service plus common area bathrooms.
Each suite is finished for professional use with high-end finishes, supporting day-to-day office operations for their respective tenants.
The property is located on Seven Farms Drive in the center of Daniel Island’s commercial district. The building has frontage on Seven Farms Drive, with parking and service positioned in the rear, and elevator service plus common area bathrooms.
Each suite is finished for professional use with high-end finishes, supporting day-to-day office operations for their respective tenants.
Key Highlights
- Two fully leased Class A commercial office suites totaling 4,651 SF
- Suite 200: +/- 2,011 SF leased to a local law firm with 3 private offices, kitchenette, reception, and 1 large conference room
- Suite 201: +/- 2,640 SF leased to a professional financial services provider with 3 private offices, bullpen, 2 storage closets, and a full‑size kitchen & dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,281
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,620
$1.3M
Cap Rate 7%
$932,586
$932.6K
Cap Rate 9%
$725,344
$725.3K
Market Conditions
NOI Build-Up for 4,651 SF
Gross rent
$103.3K $22.20/SF
− Vacancy
−$16.2K −$3.49/SF
EGI
$87.0K $18.71/SF
− OpEx
−$21.8K −$4.68/SF
NOI
$65.3K $14.04/SF
Area
Charleston, SC
Vacancy
15.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,620
Cap Rate 7%
$932,586
Cap Rate 9%
$725,344
Alternative Uses
Best Use
Office B
$932.6K
$816.0K – $1.09M
NOI $65,281 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,105 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
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Business Placement
Demographics for 29492, SC
19,619
Population
10,069
Households
1.9
Avg Household Size
40
Median Age
67%
College-Educated
98%
High-School Grad
52.8 sq mi
ZIP Area
372
Density / Sq Mi
$115,605
Median Household Income
$60,035
Median Earnings
$1,924
Median Rent
$727,800
Median Home Value
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Market
Vacancy Rate% for Office in Charleston, SC
Frequently Asked Questions
What type of property is this?
Office building - Two fully leased Class A office suites totaling 4,651 SF with rear parking and frontage on Seven Farms Drive.
Where is this office building located?
The property is located at 297 Seven Farms Dr Charleston, SC.
What is the asking price?
The asking price for this property is $1,813,890.
What are key features of this property?
This property features: Two fully leased Class A commercial office suites totaling 4,651 SF; Suite 200: +/- 2,011 SF leased to a local law firm with 3 private offices, kitchenette, reception, and 1 large conference room; Suite 201: +/- 2,640 SF leased to a professional financial services provider with 3 private offices, bullpen, 2 storage closets, and a full‑size kitchen & dining area
