First-Floor Office Suite with
For Sale
$725,000
505 Belle Hall Parkway, Mount Pleasant, SC 29464
Move-in ready office suite with an open layout, outdoor patio access, and ample on-site parking.
Property Size2,000 SF
Price / SF$362.50
Days on Market96
Property Features for 505 Belle Hall Parkway
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,000 SF
Tenancy
Single
Listing Agency:
Belk Lucy
Listed By:
Trey Lucy · License #68777
(843) 566-2867
Source:
Commercialcafe
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 2 at 9:10AM
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 Belk Lucy
Investment Insights
Based on property information with market context.
Suite 101 is a 1st-floor office space within the Belle Hall Executive Office complex. The suite is approximately 2,000 square feet total, with 1,611 square feet identified as usable space. The interior features an open concept floor plan designed for flexible office configurations. The suite also includes access to an outdoor patio area, providing a practical option for breaks, informal meetings, or client overflow.
The property is located at 505 Belle Hall Parkway in Mount Pleasant, SC, positioned just off Long Point Road near I-526. As part of the executive office complex, it benefits from plenty of parking for employee and visitor access. Retail and dining options are available in the immediate vicinity.
This space is well suited for tenants or buyers seeking a move-in ready first-floor office within a maintained office complex, with an open layout and direct patio access. The on-site parking and proximity to major roadways support day-to-day convenience for teams, clients, and visitors.
The property is located at 505 Belle Hall Parkway in Mount Pleasant, SC, positioned just off Long Point Road near I-526. As part of the executive office complex, it benefits from plenty of parking for employee and visitor access. Retail and dining options are available in the immediate vicinity.
This space is well suited for tenants or buyers seeking a move-in ready first-floor office within a maintained office complex, with an open layout and direct patio access. The on-site parking and proximity to major roadways support day-to-day convenience for teams, clients, and visitors.
Key Highlights
- 1,611 usable SF first‑floor office suite in the Belle Hall Executive Office complex
- Move‑in ready suite with an open concept floor plan
- Direct access to an outdoor patio area
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
$41,850
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
5.77%
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%
$837,000
$837.0K
Cap Rate 7%
$597,857
$597.9K
Cap Rate 9%
$465,000
$465.0K
Market Conditions
NOI Build-Up for 2,000 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
$60.0K $30.00/SF
− Vacancy
−$4.2K −$2.10/SF
EGI
$55.8K $27.90/SF
− OpEx
−$14.0K −$6.98/SF
NOI
$41.9K $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 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%
$837,000
Cap Rate 7%
$597,857
Cap Rate 9%
$465,000
Alternative Uses
Best Use
Office B
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.0K
$635.3K – $847.0K
NOI $50,820 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,121
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suite with an open layout, outdoor patio access, and ample on-site parking.
Where is this office units located?
The property is located at 505 Belle Hall Parkway Mount Pleasant, SC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,611 usable SF first‑floor office suite in the Belle Hall Executive Office complex; Move‑in ready suite with an open concept floor plan; Direct access to an outdoor patio area
