High-Traffic Retail
For Sale
$850,000
6932 Rivers Ave, North Charleston, SC 29406
Located along Rivers Ave in a high-volume commercial corridor with flexible zoning for varied commercial uses.
Property Size3,600 SF
Days on Market35
Property Features for 6932 Rivers Ave
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Retail
Additional Details
Traffic Count
54,800 vehicles/day
Building Details
Building Size
3,600 SF
Listing Agency:
Coldwell Banker Commercial Atlantic
(843) 725-6255
Listed By:
Brent Case
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 3:40PM
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 retail space is located at 6932 Rivers Ave in North Charleston, South Carolina. The property is positioned along a heavily traveled commercial corridor and is presented with zoning that supports a range of commercial uses. Buyers should verify zoning allowances for their intended use.
Traffic volume is reported at 54,800 VPD for 2022, supporting the site's prominent roadside exposure and accessibility. The property offers a commercial setting for businesses seeking a presence along Rivers Ave, with its use potential subject to confirmation of applicable zoning requirements.
Traffic volume is reported at 54,800 VPD for 2022, supporting the site's prominent roadside exposure and accessibility. The property offers a commercial setting for businesses seeking a presence along Rivers Ave, with its use potential subject to confirmation of applicable zoning requirements.
Key Highlights
- Retail space at 6932 Rivers Ave, North Charleston, SC 29406
- Reported traffic count of 54,800 VPD in 2022
- Flexible zoning described as allowing a range of commercial 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
$41,731
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
4.91%
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%
$834,620
$834.6K
Cap Rate 7%
$596,157
$596.2K
Cap Rate 9%
$463,678
$463.7K
Market Conditions
NOI Build-Up for 3,600 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
$64.8K $18.00/SF
− Vacancy
−$5.2K −$1.44/SF
EGI
$59.6K $16.56/SF
− OpEx
−$17.9K −$4.97/SF
NOI
$41.7K $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%
$834,620
Cap Rate 7%
$596,157
Cap Rate 9%
$463,678
Alternative Uses
Best Use
Retail
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.6K
$855.4K – $1.14M
NOI $68,429 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
54,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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?
Retail space - Located along Rivers Ave in a high-volume commercial corridor with flexible zoning for varied commercial uses.
Where is this retail space located?
The property is located at 6932 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Retail space at 6932 Rivers Ave, North Charleston, SC 29406; Reported traffic count of 54,800 VPD in 2022; Flexible zoning described as allowing a range of commercial uses
