Freestanding Retail
For Sale
Contact for pricing
5880 Rivers Ave, North Charleston, SC 29406
Flexible commercial layout with parking, direct corridor exposure, and access to I-26.
Property Size15,826 SF
Price / SF$176.92
Days on Market131
Property Features for 5880 Rivers Ave
General Information
Standard status
Active
Size
15,826 SF
Total Parking Spaces
65
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Pretium Commercial Brokerage
Listed By:
Matt Rothstein · License #FL BK3298913
Source:
Crexi
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 29 at 2:50PM
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 Pretium Commercial Brokerage
Investment Insights
Based on property information with market context.
This freestanding retail storefront contains 15,826 square feet along Rivers Avenue in North Charleston. The interior is described as adaptable for retail, showroom, medical, and service-oriented operations, giving an owner-user flexibility in configuring the premises for its business. On-site parking and straightforward ingress and egress support customer and staff access.
The property has frontage and visibility along Rivers Avenue, with signage opportunities identified along the corridor. Access to I-26 connects the site with surrounding residential areas and the broader Charleston MSA. The surrounding commercial setting includes national retailers and local businesses, reinforcing the property’s retail and service-oriented context.
The property has frontage and visibility along Rivers Avenue, with signage opportunities identified along the corridor. Access to I-26 connects the site with surrounding residential areas and the broader Charleston MSA. The surrounding commercial setting includes national retailers and local businesses, reinforcing the property’s retail and service-oriented context.
Key Highlights
- 15,826‑square‑foot freestanding retail storefront
- Frontage and exposure along Rivers Avenue
- Interior suited for retail, showroom, medical, and service‑oriented uses
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
$183,455
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
6.55%
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%
$3,669,100
$3.7M
Cap Rate 7%
$2,620,786
$2.6M
Cap Rate 9%
$2,038,389
$2.0M
Market Conditions
NOI Build-Up for 15,826 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
$284.9K $18.00/SF
− Vacancy
−$22.8K −$1.44/SF
EGI
$262.1K $16.56/SF
− OpEx
−$78.6K −$4.97/SF
NOI
$183.5K $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%
$3,669,100
Cap Rate 7%
$2,620,786
Cap Rate 9%
$2,038,389
Alternative Uses
Best Use
Retail
$2.62M
$2.29M – $3.06M
NOI $183,455 @ 7.0% cap · market cap 6.55%
Second Best
Industrial
$1.07M
$937.0K – $1.25M
NOI $74,956 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,821 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Under-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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with parking, direct corridor exposure, and access to I-26.
Where is this storefront property located?
The property is located at 5880 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 15,826‑square‑foot freestanding retail storefront; Frontage and exposure along Rivers Avenue; Interior suited for retail, showroom, medical, and service‑oriented uses
