Industrial Warehouse
For Sale
$9,000,000
5051 & 5045 Rivers Ave, North Charleston, SC 29406
Industrial space positioned along Rivers Avenue in North Charleston.
Property Size46,621 SF
Price / SF$193.05
Days on Market57
Property Features for 5051 & 5045 Rivers Ave
General Information
Standard status
Active
Size
46,621 SF
Property subtype
Retail
Building Details
Buildings
1
Listing Agency:
Charleston
(843) 725-3427
Listed By:
Markus Kastenholz · License #41215
(843) 725-3427
Source:
Colliers
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 29 at 3:11PM
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 Charleston
Investment Insights
Based on property information with market context.
This industrial warehouse building encompasses 46,621 SF and is identified as a commercial warehouse asset. The property is located at 5051 & 5045 Rivers Ave in North Charleston, South Carolina, providing a defined address along Rivers Avenue.
The building’s scale supports a range of warehouse-oriented commercial functions, subject to applicable requirements and approvals. Additional property details, pricing, and showing instructions are available through the listing broker.
The building’s scale supports a range of warehouse-oriented commercial functions, subject to applicable requirements and approvals. Additional property details, pricing, and showing instructions are available through the listing broker.
Key Highlights
- 46,621 SF industrial warehouse building
- Located at 5051 & 5045 Rivers Ave
- North Charleston, SC 29406 address
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
$540,431
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
6.00%
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%
$10,808,620
$10.8M
Cap Rate 7%
$7,720,443
$7.7M
Cap Rate 9%
$6,004,789
$6.0M
Market Conditions
NOI Build-Up for 46,621 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
$839.2K $18.00/SF
− Vacancy
−$67.1K −$1.44/SF
EGI
$772.0K $16.56/SF
− OpEx
−$231.6K −$4.97/SF
NOI
$540.4K $11.59/SF
Area
North Charleston, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$10,808,620
Cap Rate 7%
$7,720,443
Cap Rate 9%
$6,004,789
Alternative Uses
Best Use
Retail
$7.72M
$6.76M – $9.01M
NOI $540,431 @ 7.0% cap · market cap 6.00%
Second Best
Warehouse
$3.83M
$3.35M – $4.47M
NOI $268,125 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$12.66M
$11.08M – $14.77M
NOI $886,172 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blackmon Warehouse Systems — 1930 Hanahan Rd #1400b, Charleston, SC 29406
- Extra Space Storage — 6941 Rivers Ave, North Charleston, SC 29406
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space positioned along Rivers Avenue in North Charleston.
Where is this warehouse located?
The property is located at 5051 & 5045 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 46,621 SF industrial warehouse building; Located at 5051 & 5045 Rivers Ave; North Charleston, SC 29406 address
