Office Building with Front
417 Altman Street, Moncks Corner, SC 29461
For Sale
Contact for pricing
Flexible workspace includes a reception area, kitchen, restroom, and potential for four private offices.
Property Size1,537 SF
Lot Size0.38 Acres
Price / SF$243.98
Days on Market39
Property Features for 417 Altman Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Utilities to Site
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Modern + Main Realty
Listed By:
Kameron Wray
(843) 809-0209
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 4:41PM
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 Modern + Main Realty
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Investment Insights
Based on property information with market context.
Built around 1950, this office property contains approximately 1,537 square feet on approximately .38 acres. The layout includes a reception area, kitchen, restroom, and potential for up to four private offices. A front porch faces the street, and public water and sewer serve the property.
Six dedicated concrete parking spaces are provided, with additional parking behind the building. The property is one block from Main Street and one block from the Berkeley County office building.
Six dedicated concrete parking spaces are provided, with additional parking behind the building. The property is one block from Main Street and one block from the Berkeley County office building.
Key Highlights
- Approximately 1,537 square feet of office space on approximately .38 acres
- Reception area, kitchen, restroom, and potential for up to four private offices
- Six dedicated concrete parking spaces, plus additional parking behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,573
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,460
$431.5K
Cap Rate 7%
$308,186
$308.2K
Cap Rate 9%
$239,700
$239.7K
Market Conditions
NOI Build-Up for 1,537 SF
Gross rent
$34.1K $22.20/SF
− Vacancy
−$5.4K −$3.49/SF
EGI
$28.8K $18.71/SF
− OpEx
−$7.2K −$4.68/SF
NOI
$21.6K $14.04/SF
Area
Berkeley County, SC
Vacancy
15.70%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,460
Cap Rate 7%
$308,186
Cap Rate 9%
$239,700
Alternative Uses
Best Use
Office B
$308.2K
$269.7K – $359.6K
NOI $21,573 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$415.9K
$364.0K – $485.3K
NOI $29,116 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 29461, SC
42,402
Population
16,444
Households
2.6
Avg Household Size
36
Median Age
25%
College-Educated
91%
High-School Grad
164.2 sq mi
ZIP Area
258
Density / Sq Mi
$81,604
Median Household Income
$48,856
Median Earnings
$1,229
Median Rent
$273,100
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 building - Flexible workspace includes a reception area, kitchen, restroom, and potential for four private offices.
Where is this office building located?
The property is located at 417 Altman Street Moncks Corner, SC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 1,537 square feet of office space on approximately .38 acres; Reception area, kitchen, restroom, and potential for up to four private offices; Six dedicated concrete parking spaces, plus additional parking behind the building
