Office Building with Interstate
For Sale
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4995 Lacross Rd, North Charleston, SC 29406
Income-producing office asset positioned beside a major healthcare campus under construction in North Charleston.
Property Size45,255 SF
Price / SF$243.07
Days on Market8
Property Features for 4995 Lacross Rd
General Information
Standard status
Active
Size
45,255 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Building Size
45,255 SF
Listing Agency:
Colliers | Charleston
(843) 277-4326
Listed By:
Reid P Davis · License #42090
(843) 277-4326
Source:
Moodyscre
Added: Aug 26
Changed: Aug 29
Last Checked: Sep 1 at 9:42PM
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 Colliers | Charleston
Investment Insights
Based on property information with market context.
The property is a 45,255-square-foot office building at 4995 Lacross Road in North Charleston. The asset is described as income-producing and offers prominent signage and visibility along Interstate 26.
The building sits directly adjacent to the Roper St. Francis Healthcare hospital campus, which is currently under construction and projected for completion in 2030. Its position places the office property alongside a substantial healthcare development in the Charleston region.
The building sits directly adjacent to the Roper St. Francis Healthcare hospital campus, which is currently under construction and projected for completion in 2030. Its position places the office property alongside a substantial healthcare development in the Charleston region.
Key Highlights
- ±45,255‑square‑foot stabilized office property
- Income‑producing office asset
- Directly adjacent to Roper St. Francis Healthcare’s hospital campus
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
$605,851
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
5.51%
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%
$12,117,020
$12.1M
Cap Rate 7%
$8,655,014
$8.7M
Cap Rate 9%
$6,731,678
$6.7M
Market Conditions
NOI Build-Up for 45,255 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
$950.4K $21.00/SF
− Vacancy
−$142.6K −$3.15/SF
EGI
$807.8K $17.85/SF
− OpEx
−$202.0K −$4.46/SF
NOI
$605.9K $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%
$12,117,020
Cap Rate 7%
$8,655,014
Cap Rate 9%
$6,731,678
Alternative Uses
Best Use
Office B
$8.66M
$7.57M – $10.10M
NOI $605,851 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.29M
$10.75M – $14.34M
NOI $860,207 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 29406, SC
32,730
Population
14,542
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
82%
High-School Grad
15.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,640
Median Household Income
$36,741
Median Earnings
$1,305
Median Rent
$209,700
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 - Income-producing office asset positioned beside a major healthcare campus under construction in North Charleston.
Where is this office building located?
The property is located at 4995 Lacross Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: ±45,255‑square‑foot stabilized office property; Income‑producing office asset; Directly adjacent to Roper St. Francis Healthcare’s hospital campus
