Building Details

Buildings 1

Building Size 3,204 SF

Abandoned No

Listing Agency: Harbor Commercial Partners

Listed By: Todd P Garrett · License #63985 Show Phone

Source: Moodyscre

Added: Jul 8, 2025 Changed: Oct 8 Last Checked: Oct 15 at 2:39AM

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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 Harbor Commercial Partners

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Investment Insights

Based on property information with market context.

This flex property is under construction with a commercial storefront entry and a warehouse area designed around a 12' x 14' drive-in door and generous interior clearance. Planned improvements include 400-amp single-phase electrical service, LED warehouse lighting, and an 801-square-foot office buildout with reception space, two private offices, a break area, and an ADA-compliant restroom.

The property is located at 5639 Leiderman St in North Charleston, less than one mile from I-26. Off-site parking is planned, and completion is anticipated for December 2024.

Key Highlights

• 12' x 14' drive‑in door supports warehouse access
• 801 SF office buildout with reception, two private offices, break area, and ADA‑compliant restroom
• 400‑amp single‑phase electrical service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,336

Cap Rate

4.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$826,720 $826.7K

Cap Rate 7%

$590,514 $590.5K

Cap Rate 9%

$459,289 $459.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,945 SF

Gross rent

$65.4K $22.20/SF

− Vacancy

−$10.3K −$3.49/SF

EGI

$55.1K $18.71/SF

− OpEx

−$13.8K −$4.68/SF

NOI

$41.3K $14.04/SF

Area

Charleston, SC

Vacancy

15.70%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$826,720

Cap Rate 7%

$590,514

Cap Rate 9%

$459,289

Alternative Uses

Best Use

Office B

$590.5K

$516.7K – $688.9K (±1% cap)

NOI $41,336 @ 7.0% cap · market cap 4.35%

Second Best

Warehouse

$552.5K

$483.5K – $644.6K (±1% cap)

NOI $38,678 @ 7.0% cap · market cap 4.07%

Theoretical Best

Office A

$797.0K

$697.4K – $929.8K (±1% cap)

NOI $55,788 @ 7.0% cap · market cap 5.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

761

Businesses Nearby

Well-served

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar Off Market Nearby

• Miss Katie’s Sweets — 5600 Rivers Ave #6027, North Charleston, SC 29406
• Rudy & Rosie Bahamian Delight — 5600 Rivers Ave, North Charleston, SC 29406
• Lunch Express — 1311 Remount Rd, North Charleston, SC 29406

Frequently Asked Questions

What type of property is this?

Flex space - Under-construction flex space combines storefront presentation, warehouse functionality, and dedicated office improvements.

Where is this flex space located?

The property is located at 5639 Leiderman St N Charleston, SC.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 12' x 14' drive‑in door supports warehouse access; 801 SF office buildout with reception, two private offices, break area, and ADA‑compliant restroom; 400‑amp single‑phase electrical service