Office Redevelopment
For Sale
$1,200,000
3841 Rivers Avenue, North Charleston, SC 29405
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 Market96
Property Features for 3841 Rivers Avenue
General Information
Standard status
Active
Size
5,161 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Carolina One Commercial Real E
Listed By:
Steve Wray · License #21740
(843) 937-8585
Source:
Thecassinagroup
Added: Jul 19
Changed: Oct 12
Last Checked: Oct 20 at 5:39PM
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 Commercial Real E
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,093
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,860
$1.4M
Cap Rate 7%
$987,043
$987.0K
Cap Rate 9%
$767,700
$767.7K
Market Conditions
NOI Build-Up for 5,161 SF
Gross rent
$108.4K $21.00/SF
− Vacancy
−$16.3K −$3.15/SF
EGI
$92.1K $17.85/SF
− OpEx
−$23.0K −$4.46/SF
NOI
$69.1K $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%
$1,381,860
Cap Rate 7%
$987,043
Cap Rate 9%
$767,700
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
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Business Placement
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two-building office property with multiple private offices, conference areas, and an X-ray room.
Where is this office unit 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
