Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3215 Fortune Dr, Unit 103 North Charleston, SC 29418

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office and warehouse space in North Charleston near airport.

    Property Features for 3215 Fortune Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    William Moore, Ccim
    Source: Crexi

    Listing Agency: Prospect Real Estate Partners Listing Agent: William Moore, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    North Charleston Office/Warehouse Space

    Located at the intersection of Fortune Drive and Pepperdam Avenue in North Charleston, this property offers office, warehouse, and service space. Constructed in 2006, the property is zoned M1-Light Industrial and provides light controlled access from I-26. It is situated in close proximity to Charleston International Airport and Boeing. Ample free surface parking is available. Unit 103 offers 2,500 square feet and can be combined with Unit 104 to create a total of 5,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Pharmacy Nail Salon Hotel & Motel

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

    Similar Places Nearby

    Royal Grand Events, Lowcountry Indulgence

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.065796
    Latitude
    32.928138

    Nearby Similar for Lease

    • Contact for pricing

      Faber Center

      Discover many ways to work your way in Faber Center
      4000 Faber Place Dr, North Charleston, SC 29405
      View Details
    • $30 SF/Yr

      Dorchester Pavilion

      Charleston, SC Restaurant/Medical/Retail Space
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • Sponsored
      Contact for pricing

      SC, North Charleston - Aviation Center

      Workspaces, services and support to help you work better in SC, North Charleston - Aviation Center
      5935 Rivers 29406 Ave, North Charleston, SC 29406
      View Details
    • $9 SF/Yr
      96,811 SF

      Renovated Industrial Space Available

      Recently renovated industrial suites available for lease in North Charleston.
      7391 Pepperdam Ave, North Charleston, SC 29418
      View Details
    • Contact for pricing

      Flex Unit For Rent

      Flex unit with warehouse and office space available for rent.
      2894 Pringle St, North Charleston, SC 29405
      View Details
    • $34 SF/Yr
      8,452 SF

      Class A Office Space Available

      Four-story, 102,024 SF Class A office building for lease.
      4401 Leeds Ave, North Charleston, SC 29405
      View Details
    • $26 SF/Yr

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • Contact for pricing

      Former Daycare Near Navy Yard

      12,895 SF former daycare near new Navy Yard.
      1910 Mcmillan Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing

      Retail Space on Rivers Avenue

      Retail spaces for lease on a high-traffic corridor.
      5900 Rivers Ave, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Warehouse/Office Space with Outdoor Storage

      33,450 SF warehouse/office with 4 AC outdoor storage.
      1069 Lincoln Ave, North Charleston, SC 29405
      View Details
    • $26 SF/Yr
      52,480 SF

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $30 SF/Yr

      Dorchester Pavilion

      Charleston, SC Restaurant/Medical/Retail Space
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details

    FAQs

    What type of property is this?
    Flex space - Office and warehouse space in North Charleston near airport.
    Where is this flex space located?
    The property is located at 3215 Fortune Dr, Unit 103 North Charleston, SC.
    What are key features of this property?
    This property features: - Excellent location with light controlled access from I-26.; - Close proximity to Charleston International Airport and Boeing.; - Zoned M1-Light Industrial, suitable for a variety of uses (office/warehouse/service).
    Request Owner's contact information
    3215 Fortune Dr, Unit 103 North Charleston, SC 29418
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3215 Fortune Dr, Unit 103
    North Charleston, SC 29418
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3215 Fortune Dr, Unit 103 North Charleston, SC 29418
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    William Moore, Ccim
    Real Estate License ID: 89280
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!