Multi-Suite Office
68 Gadsden Street Charleston, SC 29401
68 Gadsden Street, Charleston, SC, 29401
$795,000
For Sale
$795,000
A 2,450 SF office building on 0.2 acres, divided into three suites with separate meters and 14 on-site parking spaces.
Property Size2,450 SF
Lot Size0.20 Acres
Price / SF$324.49
Days on Market51
Property Features for 68 Gadsden Street
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Lot size
- 0.20 Acres
- Property subtype
- Office Space on the Lower Peninsula
Listing agency
NAI | Charleston
(843) 270-9124
Listed by
Thomas M. Boulware, SIOR, CCIM
Source
Naicharleston
Added: Jun 2 Updated: Jul 21 at 8:38PM Checked: Jul 21 at 8:38PM
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
Investment Insights
Based on property information with market context.
This 2,450 SF office building sits on 0.2 acres and is currently divided into three separate suites. The property has three separate meters, supporting independent utility arrangements, and includes 14 on-site parking spaces.
Located on Gadsden Street in Charleston, SC 29401, the building is positioned as an owner-occupant option with the ability to lease space for additional income. Public remarks suggest uses including office and office/residential configurations, subject to applicable requirements.
Located on Gadsden Street in Charleston, SC 29401, the building is positioned as an owner-occupant option with the ability to lease space for additional income. Public remarks suggest uses including office and office/residential configurations, subject to applicable requirements.
Key Highlights
- 2,450 SF office building on Gadsden Street
- Set on 0.2 acres
- Divided into 3 suites with separate meters
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $22.20 |
| − Vacancy | −$8.5k | −$3.49 |
| EGI | $45.9k | $18.71 |
| − OpEx | −$11.5k | −$4.68 |
| NOI | $34.4k | $14.04 |
2,450 SF · lease $22.20/SF/yr · vacancy 15.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$491.3K
$429.9K – $573.1K
NOI $34,388 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.0K
$580.1K – $773.5K
NOI $46,411 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Evans James
Interior Design
Transform Universal Fitness, ...
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - A 2,450 SF office building on 0.2 acres, divided into three suites with separate meters and 14 on-site parking spaces.
Where is this office building located?
The property is located at 68 Gadsden Street Charleston, SC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,450 SF office building on Gadsden Street; Set on 0.2 acres; Divided into 3 suites with separate meters
