Listing Agency: Charleston – Morrison

Listed By: Pete Harper · License #42090 Show Phone

Source: Colliers

Added: May 15 Changed: Oct 13 Last Checked: Oct 20 at 5:14PM

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Investment Insights

Based on property information with market context.

Available for sale or lease, this second-floor office condominium at 421 Wando Park Boulevard offers a well-appointed office layout totaling 17,349 square feet. The space includes private offices, conference rooms, collaborative work areas, and supporting space designed for professional day-to-day operations.

The property is situated just off Long Point Road with immediate access to I-526, providing connectivity to Charleston, Daniel Island, and North Charleston. Wando Park Boulevard is lined with medical, professional, and corporate users, with nearby retail and dining amenities serving employees and clients.

Common areas are professionally maintained, and the office includes large windows to provide natural light throughout the suite.

Key Highlights

• Entire second‑floor office condominium at 421 Wando Park Boulevard for sale or lease
• 17,349 SF office space with private offices, conference rooms, collaborative work areas, and support space
• Large windows for abundant natural light, with professionally maintained common areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$363,028

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,260,560 $7.3M

Cap Rate 7%

$5,186,114 $5.2M

Cap Rate 9%

$4,033,644 $4.0M

What to ask about pricing

Market Conditions

NOI Build-Up for 17,349 SF

Gross rent

$520.5K $30.00/SF

− Vacancy

−$36.4K −$2.10/SF

EGI

$484.0K $27.90/SF

− OpEx

−$121.0K −$6.98/SF

NOI

$363.0K $20.92/SF

Area

Charleston County, SC

Vacancy

7.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,260,560

Cap Rate 7%

$5,186,114

Cap Rate 9%

$4,033,644

Alternative Uses

Best Use

Office B

$5.19M

$4.54M – $6.05M (±1% cap)

NOI $363,028 @ 7.0% cap · market cap 11,744.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.30M

$5.51M – $7.35M (±1% cap)

NOI $440,839 @ 7.0% cap · market cap 14,262.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Weihenstephaner US Big Box & Wholesale Store Total Beverage Solution Importer Oak Capital Management, ... Financial Advisor CDM Smith Inc. Engineering Consultant Eruditio, LLC Training Center

Suggested Use

Top Pick Restaurant Dental Office Auto Repair Shop Auto Parts Store Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

500

Businesses Nearby

Explore this area Business Placement

Demographics for 29464, SC

51,287

Population

26,829

Households

1.9

Avg Household Size

41

Median Age

67%

College-Educated

96%

High-School Grad

30.1 sq mi

ZIP Area

1,704

Density / Sq Mi

$107,215

Median Household Income

$60,066

Median Earnings

$1,973

Median Rent

$672,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Second-floor office condominium with private offices, conference rooms, and support space, featuring large windows and maintained common areas.

Where is this office unit located?

The property is located at 421 Wando Park Blvd Mt Pleasant, SC.

What are key features of this property?

This property features: Entire second‑floor office condominium at 421 Wando Park Boulevard for sale or lease; 17,349 SF office space with private offices, conference rooms, collaborative work areas, and support space; Large windows for abundant natural light, with professionally maintained common areas