Built-Out Professional Office
For Sale
Contact for pricing
668 Marina Drive Ste B7, Charleston, SC 29492
Configured office suite with private offices, meeting space, wellness rooms, kitchen, and reception area.
Property Size3,900 SF
Price / SF$358.97
Days on Market61
Property Features for 668 Marina Drive Ste B7
General Information
Standard status
Active
Size
3,900 SF
Class
A
Property subtype
Office
Zoning
Berkeley - GC - General Commercial
Lease Type
NNN
Investment Type
Sale/Leaseback
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,400,000
Office Units
1
Listing Agency:
Dunes Properties Dunes Downtown
Listed By:
Luiz Yamashita · License #South Carolina
Source:
Crexi
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 4:09AM
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 Dunes Properties Dunes Downtown
Investment Insights
Based on property information with market context.
Suite B7 is a +/-3,900 SF professional office unit within the Daniel Island Marina complex. The built-out interior includes 14 private offices, a conference room with HDMI connectivity and seating for roughly ten, three wellness or focus rooms, a reception area, central lounge, collaborative space, full kitchen, break area, printer center, equipment and storage room, and two private restrooms. Expansive windows provide natural light throughout the suite, while on-site parking serves staff and visitors.
The property is located at 668 Marina Drive in Charleston, with access to I-526 and Clements Ferry Road. The marina-front setting includes prominent signage opportunity, and the location provides routes to downtown Charleston, Mount Pleasant, and Charleston International Airport. The property is zoned Berkeley - GC - General Commercial and is available for sale or lease.
The property is located at 668 Marina Drive in Charleston, with access to I-526 and Clements Ferry Road. The marina-front setting includes prominent signage opportunity, and the location provides routes to downtown Charleston, Mount Pleasant, and Charleston International Airport. The property is zoned Berkeley - GC - General Commercial and is available for sale or lease.
Key Highlights
- +/-3,900 SF professional office suite within the Daniel Island Marina complex
- 14 private offices plus reception, conference, lounge, and collaborative areas
- Conference room with HDMI connectivity and seating for roughly ten
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
$54,740
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
3.91%
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%
$1,094,800
$1.1M
Cap Rate 7%
$782,000
$782.0K
Cap Rate 9%
$608,222
$608.2K
Market Conditions
NOI Build-Up for 3,900 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
$86.6K $22.20/SF
− Vacancy
−$13.6K −$3.49/SF
EGI
$73.0K $18.71/SF
− OpEx
−$18.2K −$4.68/SF
NOI
$54.7K $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 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%
$1,094,800
Cap Rate 7%
$782,000
Cap Rate 9%
$608,222
Alternative Uses
Best Use
Office B
$782.0K
$684.3K – $912.3K
NOI $54,740 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$923.5K – $1.23M
NOI $73,878 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 29492, SC
19,619
Population
10,069
Households
1.9
Avg Household Size
40
Median Age
67%
College-Educated
98%
High-School Grad
52.8 sq mi
ZIP Area
372
Density / Sq Mi
$115,605
Median Household Income
$60,035
Median Earnings
$1,924
Median Rent
$727,800
Median Home Value
Market
Vacancy Rate% for Office in Charleston, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured office suite with private offices, meeting space, wellness rooms, kitchen, and reception area.
Where is this office units located?
The property is located at 668 Marina Drive Ste B7 Charleston, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: +/-3,900 SF professional office suite within the Daniel Island Marina complex; 14 private offices plus reception, conference, lounge, and collaborative areas; Conference room with HDMI connectivity and seating for roughly ten
