Modern Corner Lot Office
For Sale
$1,575,000
3618 Ashley Phosphate Road, North Charleston, SC 29418
Two-story office building with parking, suitable for owner or investor.
Property Size8,000 SF
Price / SF$196.88
Days on Market206
Property Features for 3618 Ashley Phosphate Road
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Office
Listing Agency:
CBRE - Charleston
Listed By:
Chip Shealy · License #83757
(843) 367-6053
Source:
Cbre
Added: Mar 25
Changed: Sep 30
Last Checked: Oct 16 at 7:25AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This modern, two-story office building, constructed in 2008, is situated on a corner lot and includes ample parking. The property offers excellent visibility and is currently fully occupied with short-term leases. This presents an opportunity for either an owner-occupant or an investor. Current tenants have expressed interest in remaining, making it an appealing investment. There is potential to increase rents or occupy the building. The property has a size of 8000 square feet.
Key Highlights
- Excellent visibility due to corner lot location.
- Available for sale at less than replacement cost.
- Suitable for both owner‑occupants and investors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,100
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,142,000
$2.1M
Cap Rate 7%
$1,530,000
$1.5M
Cap Rate 9%
$1,190,000
$1.2M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$168.0K $21.00/SF
− Vacancy
−$25.2K −$3.15/SF
EGI
$142.8K $17.85/SF
− OpEx
−$35.7K −$4.46/SF
NOI
$107.1K $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 Rate 5%
$2,142,000
Cap Rate 7%
$1,530,000
Cap Rate 9%
$1,190,000
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,100 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,064 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with parking, suitable for owner or investor.
Where is this office building located?
The property is located at 3618 Ashley Phosphate Road North Charleston, SC.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Excellent visibility due to corner lot location.; Available for sale at less than replacement cost.; Suitable for both owner‑occupants and investors.
