Industrial Warehouse
For Sale
Contact for pricing
5051 Rivers Avenue, North Charleston, SC 29406
Industrial space positioned along Rivers Avenue in North Charleston.
Property Size46,621 SF
Price / SF$193.05
Days on Market107
Property Features for 5051 Rivers Avenue
General Information
Standard status
Active
Size
46,621 SF
Total Parking Spaces
16
Property subtype
Special Purpose
Zoning
City of North Charleston - CRD - Commercial Redevelopment District
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Colliers - Charleston, South Carolina
Listed By:
Remington Beatty · License #130403
(843) 723-1202
Source:
Crexi
Added: Jun 30
Changed: Oct 11
Last Checked: Oct 12 at 5:12PM
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 Colliers - Charleston, South Carolina
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 / Yr
$540,431
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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 Rivers Avenue 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
