Storefront
For Sale
$1,000,000
6072 Rivers Ave, North Charleston, SC 29406
A 2,267 SF commercial building with B-2 General Business District zoning in North Charleston.
Property Size2,267 SF
Price / SF$441.11
Days on Market50
Property Features for 6072 Rivers Ave
General Information
Standard status
Active
Size
2,267 SF
Property subtype
Retail
Zoning
B-2
Listing Agency:
Coldwell Banker Commercial Atlantic
(843) 725-6255
Listed By:
Brent Case
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 31
Last Checked: Aug 31 at 12:26AM
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 Coldwell Banker Commercial Atlantic
Investment Insights
Based on property information with market context.
This North Charleston commercial property includes a 2,267 SF building with a storefront-oriented configuration. The site carries City of North Charleston B-2 General Business District zoning, a designation identified for general business activity.
Located at 6072 Rivers Ave, the property provides a defined commercial address along Rivers Avenue. Its classification and zoning support consideration as a storefront asset within the city’s established business environment.
Located at 6072 Rivers Ave, the property provides a defined commercial address along Rivers Avenue. Its classification and zoning support consideration as a storefront asset within the city’s established business environment.
Key Highlights
- 2,267 SF commercial building
- City of North Charleston B‑2 - General Business District zoning
- Located at 6072 Rivers Ave in North Charleston, SC 29406
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
$33,206
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
3.32%
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%
$664,120
$664.1K
Cap Rate 7%
$474,371
$474.4K
Cap Rate 9%
$368,956
$369.0K
Market Conditions
NOI Build-Up for 2,267 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
$47.6K $21.00/SF
− Vacancy
−$3.3K −$1.47/SF
EGI
$44.3K $19.53/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$33.2K $14.65/SF
Area
North Charleston, SC
Vacancy
7.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$664,120
Cap Rate 7%
$474,371
Cap Rate 9%
$368,956
Alternative Uses
Best Use
Specialty Retail
$474.4K
$415.1K – $553.4K
NOI $33,206 @ 7.0% cap · market cap 3.32%
Second Best
Retail
$375.4K
$328.5K – $438.0K
NOI $26,279 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - A 2,267 SF commercial building with B-2 General Business District zoning in North Charleston.
Where is this storefront property located?
The property is located at 6072 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 2,267 SF commercial building; City of North Charleston B‑2 - General Business District zoning; Located at 6072 Rivers Ave in North Charleston, SC 29406
