Freestanding Office
For Sale
Contact for pricing
4425 Belle Oaks Drive, North Charleston, SC 29405
The building is presented for office, medical, or flex-type use and includes on-site parking.
Property Size6,793 SF
Price / SF$440.16
Days on Market209
Property Features for 4425 Belle Oaks Drive
General Information
Standard status
Active
Size
6,793 SF
Property subtype
Office
Zoning
City of North Charleston - M-1 - Light Industrial District
Listing Agency:
Bridge Commercial
(843) 723-1202
Listed By:
Mark Mattison · License #SC 18907
Source:
Crexi
Added: Feb 3
Changed: Aug 30
Last Checked: Aug 30 at 2:12PM
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 Bridge Commercial
Investment Insights
Based on property information with market context.
This freestanding commercial building contains approximately 6,793 square feet on an approximately 1.81-acre parcel. The property is positioned for office, medical, or flex-type applications, with on-site parking and additional land that may accommodate parking expansion. It is offered for sale or lease.
Located at 4425 Belle Oaks Drive in North Charleston, the property provides access to major North Charleston corridors. Zoning is City of North Charleston M-1, Light Industrial District, providing a defined commercial setting for evaluating the property’s potential use.
Located at 4425 Belle Oaks Drive in North Charleston, the property provides access to major North Charleston corridors. Zoning is City of North Charleston M-1, Light Industrial District, providing a defined commercial setting for evaluating the property’s potential use.
Key Highlights
- Approximately 6,793 SF freestanding commercial building
- Approximately 1.81‑acre parcel
- On‑site parking with room for expansion
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
$90,941
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
3.04%
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%
$1,818,820
$1.8M
Cap Rate 7%
$1,299,157
$1.3M
Cap Rate 9%
$1,010,456
$1.0M
Market Conditions
NOI Build-Up for 6,793 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
$142.7K $21.00/SF
− Vacancy
−$21.4K −$3.15/SF
EGI
$121.3K $17.85/SF
− OpEx
−$30.3K −$4.46/SF
NOI
$90.9K $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 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%
$1,818,820
Cap Rate 7%
$1,299,157
Cap Rate 9%
$1,010,456
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $90,941 @ 7.0% cap · market cap 3.04%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,037 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,121 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The building is presented for office, medical, or flex-type use and includes on-site parking.
Where is this office building located?
The property is located at 4425 Belle Oaks Drive North Charleston, SC.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Approximately 6,793 SF freestanding commercial building; Approximately 1.81‑acre parcel; On‑site parking with room for expansion
