Flex Building with Private
New
For Sale
Contact for pricing
7395 Cross County Road, North Charleston, SC 29418
Mixed private-office and open flex space with partial fencing for outdoor storage.
Property Size4,100 SF
Lot Size0.51 Acres
Price / SF$242.68
Days on Market6
Property Features for 7395 Cross County Road
General Information
Standard status
Active
Size
4,100 SF
Lot size
0.51 Acres
Property subtype
Industrial
Zoning
City of North Charleston - M-1 - Light Industrial District
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Buildings
1
Building Size
4,100 SF
Listing Agency:
Belk | Lucy
(843) 936-1715
Listed By:
Kevin Shields · License #SC 109964
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 2:21AM
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 Belk | Lucy
Investment Insights
Based on property information with market context.
This 4,100-square-foot flex building occupies .51 acres at 7395 Cross County Road in North Charleston. The interior combines private offices with open retail/flex areas, while partial fencing provides outdoor storage space. The property is classified within the City of North Charleston’s M-1 Light Industrial District.
The site is positioned off Ashley Phosphate Road in North Charleston’s industrial corridor, with frontage and signage opportunity along Cross County Road. Its location provides access to the surrounding industrial area and nearby roadway network.
The site is positioned off Ashley Phosphate Road in North Charleston’s industrial corridor, with frontage and signage opportunity along Cross County Road. Its location provides access to the surrounding industrial area and nearby roadway network.
Key Highlights
- 4,100 square foot flex building on .51 acres
- Private offices plus open retail/flex areas
- Partially fenced area for outdoor storage
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
$54,889
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
5.52%
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%
$1,097,780
$1.1M
Cap Rate 7%
$784,129
$784.1K
Cap Rate 9%
$609,878
$609.9K
Market Conditions
NOI Build-Up for 4,100 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
$86.1K $21.00/SF
− Vacancy
−$12.9K −$3.15/SF
EGI
$73.2K $17.85/SF
− OpEx
−$18.3K −$4.46/SF
NOI
$54.9K $13.39/SF
Area
North Charleston, SC
Vacancy
15.00%
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%
$1,097,780
Cap Rate 7%
$784,129
Cap Rate 9%
$609,878
Alternative Uses
Best Use
Office B
$784.1K
$686.1K – $914.8K
NOI $54,889 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$679.0K
$594.1K – $792.1K
NOI $47,527 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.11M
$974.2K – $1.30M
NOI $77,933 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Royal Grand Events — 3316 Ashley Phosphate Rd suite 4, North Charleston, SC 29418
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed private-office and open flex space with partial fencing for outdoor storage.
Where is this flex space located?
The property is located at 7395 Cross County Road North Charleston, SC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,100 square foot flex building on .51 acres; Private offices plus open retail/flex areas; Partially fenced area for outdoor storage
