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

    601 Meeting St Charleston, SC 29403

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

    Retail space with high ceilings and free parking.

    Type:Retail
    Added:
    Aug 13, 2018
    Days on Market:
    2803
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 601 Meeting St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2017

    Spaces For Lease

    at 601 Meeting St Contact us

    We can help!

    Listing Contact
    Will Sherrod

    Listing agent Will Sherrod License #SC 79410

    Listing office NAI Charleston

    Listing date Aug 13, 2018

    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 NAI Charleston

    Overview

    Street-Front Retail Space Available

    This state-of-the-art building has one remaining unit available for rent. The street-front retail space features 20-foot interior ceilings and steel/glass exterior storefronts. Onsite parking is available at no cost. The property offers convenient access to the Ravenel Bridge. Hundreds of luxury apartments are located above the retail space. Estimated NNN expenses are currently $9.45 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iron Tribe Fitness- ... Gym & Fitness Center parked domain General Contractor The Archer Restaurant Nails So Đẹp! Nail Salon Bloom Salon Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9447686
    Latitude
    32.802524

    Nearby Similar for Lease

    • $22/mo

      Charleston Historic District Office Space

      Renovated office suites with harbor views in historic Charleston.
      2 Cumberland St, Charleston, SC 29401
      View Details
    • $75/mo

      Prime Retail Space on King

      High-profile retail space in downtown Charleston near Charleston Place.
      229 King St, Charleston, SC 29401
      View Details
    • $29/mo

      Downtown Charleston Freestanding Building

      Freestanding building in historic downtown Charleston with on-site parking.
      276 East Bay Street, Charleston, SC 29401
      View Details
    • $20/mo

      Wappoo Creek Office Space Available

      Office space for lease in a convenient Charleston location.
      125 Wappoo Creek Dr, Charleston, SC 29412
      View Details
    • $32/mo

      Daniel Island Office Space Available

      Second-floor office suite in Daniel Island's Town Center.
      115 Riverlanding Dr, Charleston, SC
      View Details
    • $20/mo

      James Island Office Space Available

      Office space for lease in a convenient Charleston location.
      125 Wappoo Creek Dr, Charleston, SC 29412
      View Details
    • $45/mo

      Prime Retail Space on George

      Retail space for lease in downtown Charleston near King Street.
      51 George Street, Charleston, SC 29401
      View Details
    • $43/mo

      Class A Office Space

      Multi-tenant office building in Charleston's Historic District.
      100 Calhoun Street, Charleston, SC, 29401
      View Details
    • $45/mo

      Prime Retail Space on George

      Retail space for lease in downtown Charleston near King Street.
      51 George Street, Charleston, SC 29401
      View Details
    • $22/mo

      Charleston Historic District Office Space

      Renovated office suites with harbor views in Charleston's historic district.
      2 Cumberland St, Charleston, SC 29401
      View Details
    • $38/mo

      Retail Space in James Island

      Retail space for lease in a high-traffic shopping center.
      1739 Maybank Highway, Charleston, SC 29412
      View Details
    • $23/mo

      Renovated Office Space on King

      Renovated office space in Charleston's 'Dine & Design' district.
      579 King Street, Charleston, SC 29403
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high ceilings and free parking.
    Where is this retail space located?
    The property is located at 601 Meeting St Charleston, SC.
    What are key features of this property?
    This property features: Only one unit remaining in state‑of‑the‑art building.; Street‑front retail space with **20‑foot interior ceilings.**; Steel/glass exterior storefronts.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Will Sherrod
    Real Estate License ID: SC 79410
    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!