Modern Corner Lot Office
3618 Ashley Phosphate Road North Charleston, SC 29418
3618 Ashley Phosphate Road, North Charleston, SC, 29418
$1,575,000
For Sale
$1,575,000
Two-story office building with parking, suitable for owner or investor.
Property Size8,000 SF
Price / SF$196.88
Days on Market115
Property Features for 3618 Ashley Phosphate Road
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Office
Listing Agency
CBRE | Charleston
(843) 367-6053
Listed by
Chip Shealy
(843) 367-6053
Source
Cbre
Added: Mar 25 Checked: Jul 17 at 4:59 am
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 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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.0k | $21.00 |
| − Vacancy | −$25.2k | −$3.15 |
| EGI | $142.8k | $17.85 |
| − OpEx | −$35.7k | −$4.46 |
| NOI | $107.1k | $13.39 |
8,000 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
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.
