Mount Pleasant Office Building For
550 Long Point Rd, Mount Pleasant, SC 29464
Class A office building near I-526 with development potential.
Type:Office
Property size:
20,560 SFPrice / SF:
$291/SF- Added:
- Oct 29, 2024
- Days on Market:
- 582
- Last Refresh:
- May 13 at 8:20 pm
Property Features for 550 Long Point Rd
General Information
- Standard status
- Active
- Size
- 20,560 SF
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing agent Grace Moring License #140918
Listing office WRS Inc Real Estate Investments
Listing date Oct 29, 2024
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 WRS Inc Real Estate Investments
HighLights
- Prime Location: Just off I‑526 and close to the Wando Port Terminal.
- Class A Office Space: Mix of private offices and open floor plan spaces.
- Ample Parking: Over 100 spaces available on‑site.
- Future Development Potential: Gravel lot on‑site allows for future development.
- Available Space: 5,540 SF available now in Suite 205, with an additional 4,470 SF available February 2026.
- Convenient Access: Close proximity to Highway 17 North, I‑26, Daniel Island, and the Cainhoy area.
Overview
This office building is available for lease or sale and is located just off I-526, near the Wando Port Terminal. The Class A multi-tenant building features a mix of private offices and open floor plan spaces. The first-floor suites are fully leased through 2030. Suite 205 offers 5,540 square feet of space, available now, with an additional 4,470 square feet becoming available in February 2026. This space is suitable for a full-floor tenant or can be leased separately. A gravel lot on-site provides potential for future development. The property includes ample on-site parking with over 100 spaces. The building is located in Mount Pleasant, just off I-526, in close proximity to Highway 17 North, and approximately 5 miles from I-26. Daniel Island and the Cainhoy area are within a 10 to 15-minute drive. Nearby businesses and amenities include Chick-Fil-A, Planet Fitness, Crunch Fitness, and Belle Hall Shopping Center, including Wendy’s, Starbucks, Moe’s Southwest Grill, and Harris Teeter. The property size is 20,560 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $616.8k | $30.00 |
| − Vacancy | −$43.2k | −$2.10 |
| EGI | $573.6k | $27.90 |
| − OpEx | −$143.4k | −$6.98 |
| NOI | $430.2k | $20.92 |
20,560 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.15M
$5.38M – $7.17M
NOI $430,218 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.46M
$6.53M – $8.71M
NOI $522,431 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Mount Pleasant
- County
- Charleston
- State
- South Carolina
- Longitude
- -79.865677
- Latitude
- 32.836322
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office building near I-526 with development potential.
Where is this office building located?
The property is located at 550 Long Point Rd Mount Pleasant, SC.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Prime Location: Just off I‑526 and close to the Wando Port Terminal.; Class A Office Space: Mix of private offices and open floor plan spaces.; Ample Parking: Over 100 spaces available on‑site.
