North Charleston Freestanding
For Sale
$1,100,000
4301 Meeting Street Rd, North Charleston, SC 29405
8,500 SF building on 1 acre, prime location.
Property Size8,500 SF
Lot Size1.00 Acre
Price / SF$129.41
Days on Market162
Property Features for 4301 Meeting Street Rd
General Information
Standard status
Active
Size
8,500 SF
Lot size
1.00 Acre
Property subtype
Industrial
Listing Agency:
NAI | Charleston
(843) 452-9417
Listed By:
Dexter C. Rumsey, IV
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 15 at 5:02AM
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 NAI | Charleston
Investment Insights
Based on property information with market context.
This approximately 8,500 square-foot freestanding building is located in North Charleston, South Carolina, situated on approximately one acre. The property is zoned B-2, offering potential for office, showroom, or light storage use. The location at the intersection of Durant Avenue, Rivers Avenue, and Meeting Street Road provides visibility and accessibility. The property is in close proximity to the Navy Yard, Park Circle, and the East Montague office district. This is an as-is sale, suited for investors or owner-users seeking a value-add opportunity in a high-traffic, central corridor. The property requires a full renovation.
Key Highlights
- Prime location at the intersection of Durant Ave, Rivers Ave, and Meeting Street Rd, offering outstanding visibility and accessibility.
- ±8,500 SF freestanding building on ±1 AC.
- Zoned B‑2, allowing for office, showroom, or light storage use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,516
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,750,320
$1.8M
Cap Rate 7%
$1,250,229
$1.3M
Cap Rate 9%
$972,400
$972.4K
Market Conditions
NOI Build-Up for 8,500 SF
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.
Gross rent
$153.0K $18.00/SF
− Vacancy
−$18.4K −$2.16/SF
EGI
$134.6K $15.84/SF
− OpEx
−$47.1K −$5.54/SF
NOI
$87.5K $10.30/SF
Area
North Charleston, SC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,750,320
Cap Rate 7%
$1,250,229
Cap Rate 9%
$972,400
Alternative Uses
Best Use
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,516 @ 7.0% cap · market cap 7.96%
Second Best
Industrial
$575.1K
$503.2K – $671.0K
NOI $40,258 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,568 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 8,500 SF building on 1 acre, prime location.
Where is this flex space located?
The property is located at 4301 Meeting Street Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location at the intersection of Durant Ave, Rivers Ave, and Meeting Street Rd, offering outstanding visibility and accessibility.; ±8,500 SF freestanding building on ±1 AC.; Zoned B‑2, allowing for office, showroom, or light storage use.
