Office Redevelopment
3841 Rivers Avenue North Charleston, SC 29405
New
3841 Rivers Avenue, North Charleston, SC, 29405
Contact for pricing
For Sale
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Two-building office property with multiple private offices, conference areas, and an X-ray room.
Property Size5,161 SF
Price / SF$232.51
Days on Market6
Property Features for 3841 Rivers Avenue
General Information
- Standard status
- Active
- Size
- 5,161 SF
- Property subtype
- Office, Mixed Use, Retail
Building Details
- Year Built
- 1989
Listing agency
Carolina One Real Estate
Listed by
Steve Wray · License #SC 84964
Source
Crexi
Added: Jul 16 Updated: Jul 20 at 3:13AM Checked: Jul 21 at 5:56AM
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 Carolina One Real Estate
Investment Insights
Based on property information with market context.
This offering includes a main office building and a smaller second building, providing space for office and medical-related use. The main building totals 3,361 SF and is configured with 12 offices, conference rooms, a central business office, kitchen, and a laundry room with washer and dryer connections. The entrance features a large reception area plus a restroom. Additional amenities include a mahogany paneled executive suite with a wet bar, full bath and shower, and an attic with approximately 500 SF of semi-finished space used previously as storage. There is also an X-ray room included for medical users.
The smaller building totals 1,800 SF and is currently rented to a long-time tenant.
The property is located on Rivers Avenue in North Charleston and is described as being within close proximity to Riverfront Park, the Naval Hospital redevelopment, local social services and library facilities, and nearby dining and retail options around Park Circle. It is also noted as being on the Lowcountry Rapid Transit line (LCRT), scheduled for a 2027 launch.
The smaller building totals 1,800 SF and is currently rented to a long-time tenant.
The property is located on Rivers Avenue in North Charleston and is described as being within close proximity to Riverfront Park, the Naval Hospital redevelopment, local social services and library facilities, and nearby dining and retail options around Park Circle. It is also noted as being on the Lowcountry Rapid Transit line (LCRT), scheduled for a 2027 launch.
Key Highlights
- Two‑building office property with 3,361 SF main building plus a separate 1,800 SF smaller building
- Main building includes 12 offices, conference rooms, reception area, kitchen, laundry room, and a central business office
- Main building features an executive suite with wet bar, full bath and shower, plus an entrance reception and restroom
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 | $108.4k | $21.00 |
| − Vacancy | −$16.3k | −$3.15 |
| EGI | $92.1k | $17.85 |
| − OpEx | −$23.0k | −$4.46 |
| NOI | $69.1k | $13.39 |
5,161 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$987.0K
$863.7K – $1.15M
NOI $69,093 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$955.5K
$836.1K – $1.11M
NOI $66,887 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,100 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two-building office property with multiple private offices, conference areas, and an X-ray room.
Where is this office units located?
The property is located at 3841 Rivers Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑building office property with 3,361 SF main building plus a separate 1,800 SF smaller building; Main building includes 12 offices, conference rooms, reception area, kitchen, laundry room, and a central business office; Main building features an executive suite with wet bar, full bath and shower, plus an entrance reception and restroom
