Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5640 Rivers Ave North Charleston, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for lease on a busy North Charleston corridor.

    Type:OFFICE
    Property size:
    4,578 SF
    Lot size:
    2.93 Acres
    Added:
    May 15, 2024
    Days on Market:
    710
    Last Refresh:
    Apr 5 at 9:07 pm

    Property Features for 5640 Rivers Ave

    General Information

    Standard status
    Active
    Size
    4,578 SF
    Lot size
    2.93 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5640 Rivers Ave Contact us

    We can help!

    Listing Contact
    Ed C Sutton

    Listing agent Ed C Sutton

    Listing office NAI | Charleston

    Listing date May 15, 2024

    Source Moodyscre

    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 NAI | Charleston

    Overview

    North Charleston Office Space Available

    This property offers office space for lease, ranging from approximately 4,408 to 20,361 square feet. It is situated on a high-traffic corridor in North Charleston, providing excellent visibility near the intersection of Rivers Avenue and Remount Road. Traffic counts indicate approximately 36,200 vehicles per day (SCDOT 2021). The zoning is B-2 General Business, which allows for a variety of uses. Tenant improvements are a possibility with a long-term lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Gym & Fitness Center Electrical Service Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.0479
    Latitude
    32.9007

    Nearby Similar for Lease

    • $30 SF/Yr

      Dorchester Pavilion

      Premier retail center on Dorchester Road with high visibility.
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • $27 SF/Yr

      Ashley Riverview Center Office Space

      Multi-tenant office building with Ashley River views and easy access.
      4401 Belle Oaks Dr, North Charleston, South Carolina 29405
      View Details
    • Sponsored
      Contact for pricing

      Faber Center

      4000 Faber Place Dr, Unit 300, North Charleston, SC 29405
      View Details
    • $34 SF/Yr

      Class A Office Space Available

      Four-story, 102,024 SF Class A office building for lease.
      4401 Leeds Avenue, North Charleston, SC, 29405
      View Details
    • $26 SF/Yr

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $15 SF/Yr

      Turnkey Flex Space Sublease

      2,840 SF flex space with full interior upfit.
      4330 Cheyenne St, North Charleston, SC 29405
      View Details
    • $15 SF/Yr

      Flex Space on Retail Corridor

      Flex space suitable for office, retail, or industrial use.
      8120 Windsor Hill Blvd, North Charleston, SC
      View Details
    • $26 SF/Yr

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $9 SF/Yr

      Renovated Industrial Space Available

      Recently renovated industrial suites available for lease in North Charleston.
      7391 Pepperdam Avenue, North Charleston, SC, 29418
      View Details
    • $14 SF/Yr

      Refitted Office/Flex Unit For Rent

      Modern office/flex unit in emerging small business hub.
      1809 Reynolds Ave, North Charleston, SC 29405
      View Details
    • $30 SF/Yr

      Dorchester Pavilion

      Retail, restaurant, and medical spaces available in North Charleston, SC.
      8636 Dorchester Rd, North Charleston, SC 29420
      View Details
    • $26 SF/Yr

      Office Building Near Charleston Amenities

      Three-story office building near I-26 and I-526.
      1360 Truxtun Ave, North Charleston, SC
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease on a busy North Charleston corridor.
    Where is this office units located?
    The property is located at 5640 Rivers Ave North Charleston, SC.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: ±4,408 to ±20,361 SF available for lease; Located on the busiest corridor in North Charleston; **Excellent visibility near Rivers Ave & Remount Rd.**
    (803) 206-5382 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ed C Sutton
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!