Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4531 Piggly Wiggly Drive North Charleston, SC 29405

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Turnkey warehouse space in a convenient location inside 526.

    Type:Industrial
    Property size:
    153,515 SF
    Added:
    Sep 16, 2023
    Days on Market:
    945
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 4531 Piggly Wiggly Drive

    General Information

    Standard status
    Active
    Size
    153,515 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 4531 Piggly Wiggly Drive Contact us

    We can help!

    Listing Contact
    Alex DeSeta

    Listing agent Alex DeSeta License #SC 73082

    Listing office Deseta Group

    Listing date Sep 16, 2023

    Source Crexi

    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 Deseta Group

    Overview

    Charleston Warehouse Space For Rent

    This 153,515 square foot warehouse space is located in a former Piggly Wiggly cold storage facility, now hosting a variety of office and industrial tenants. The property features ceiling heights ranging from 15 to 22 feet, 18 dock-high doors, and 3 drive-in doors. Enclosed parking is available for trucks. The space can be divided down to roughly 50,000 square foot bays and is available for showing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Gym & Fitness Center Electrical Service Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Craig Kiriokos, Realtor - Bright City Brokerage — 1910 Cosgrove Ave, North Charleston, SC 29405

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -79.9839
    Latitude
    32.8537

    Nearby Similar for Lease

    • $30/mo

      Dorchester Pavilion

      Premier retail center on Dorchester Road with high visibility.
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • Sponsored
      Contact for pricing

      Faber Center

      4000 Faber Place Dr, Unit 300, North Charleston, SC 29405
      View Details
    • $34/mo

      Class A Office Space Available

      Four-story, 102,024 SF Class A office building for lease.
      4401 Leeds Avenue, North Charleston, SC, 29405
      View Details
    • $26/mo

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $15/mo

      Turnkey Flex Space Sublease

      2,840 SF flex space with full interior upfit.
      4330 Cheyenne St, North Charleston, SC 29405
      View Details
    • $15/mo

      Flex Space on Retail Corridor

      Flex space suitable for office, retail, or industrial use.
      8120 Windsor Hill Blvd, North Charleston, SC
      View Details
    • $26/mo

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $9/mo

      Renovated Industrial Space Available

      Recently renovated industrial suites available for lease in North Charleston.
      7391 Pepperdam Avenue, North Charleston, SC, 29418
      View Details
    • $14/mo

      Refitted Office/Flex Unit For Rent

      Modern office/flex unit in emerging small business hub.
      1809 Reynolds Ave, North Charleston, SC 29405
      View Details
    • $30/mo

      Dorchester Pavilion

      Retail, restaurant, and medical spaces available in North Charleston, SC.
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • $26/mo

      Office Building Near Charleston Amenities

      Three-story office building near I-26 and I-526.
      1360 Truxtun Ave, North Charleston, SC
      View Details
    • Contact for pricing

      North Charleston Office/Retail/Flex Space

      Renovated flex space in central North Charleston location.
      2011 Carver Ave, North Charleston, SC 29405
      View Details

    FAQs

    What type of property is this?
    Warehouse - Turnkey warehouse space in a convenient location inside 526.
    Where is this warehouse located?
    The property is located at 4531 Piggly Wiggly Drive North Charleston, SC.
    What are key features of this property?
    This property features: Turnkey, newly refreshed warehouse space.; Ultra‑convenient location inside 526.; Large space: 153,515 SF, divisible to approximately 50,000 SF bays.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alex DeSeta
    Real Estate License ID: SC 73082
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!