Renovated Standalone
New
For Sale
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3169 W Montague Avenue, North Charleston, SC 29418
Renovated standalone building with open-plan space, ADA bathrooms, and a lead-lined imaging room.
Property Size4,000 SF
Price / SF$475
Days on Market5
Property Features for 3169 W Montague Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Industrial, Office
Zoning
CRD
Amenities
ADA bathrooms
lead lined walls
Building Details
Buildings
1
Building Size
4,000 SF
Listing Agency:
CBRE - Charleston
Listed By:
Chip Shealy · License #SC 83757
(843) 367-6053
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 5:15AM
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.
This renovated standalone storefront contains approximately 4,000 square feet, with a predominantly open interior that reflects its previous furniture-store configuration. The building includes two ADA bathrooms, six points of egress, and a rear room with lead-lined walls designed for imaging equipment. Approximately 40% of the lot remains undeveloped, providing room for additional parking, building expansion, or both.
The property is zoned CRD and sits near a signalized intersection in North Charleston. It is also close to Roper St. Francis’ future Medical Campus on Mall Drive, supporting consideration for retail or medical office use.
The property is zoned CRD and sits near a signalized intersection in North Charleston. It is also close to Roper St. Francis’ future Medical Campus on Mall Drive, supporting consideration for retail or medical office use.
Key Highlights
- ~4,000 SF renovated standalone building
- CRD zoning in North Charleston
- Two ADA bathrooms and 6 points of egress
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
$53,550
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
2.82%
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%
$1,071,000
$1.1M
Cap Rate 7%
$765,000
$765.0K
Cap Rate 9%
$595,000
$595.0K
Market Conditions
NOI Build-Up for 4,000 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
$84.0K $21.00/SF
− Vacancy
−$12.6K −$3.15/SF
EGI
$71.4K $17.85/SF
− OpEx
−$17.9K −$4.46/SF
NOI
$53.6K $13.39/SF
Area
North Charleston, SC
Vacancy
15.00%
Lease Rate
$21.00 /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%
$1,071,000
Cap Rate 7%
$765,000
Cap Rate 9%
$595,000
Alternative Uses
Best Use
Office B
$765.0K
$669.4K – $892.5K
NOI $53,550 @ 7.0% cap · market cap 2.82%
Second Best
Healthcare Medical
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated standalone building with open-plan space, ADA bathrooms, and a lead-lined imaging room.
Where is this storefront property located?
The property is located at 3169 W Montague Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: ~4,000 SF renovated standalone building; CRD zoning in North Charleston; Two ADA bathrooms and 6 points of egress
