Renovated Office
New
For Sale
$799,000
822 Wappoo Road, Charleston, SC 29407
Multiple wellness occupants and a GO (General Office) designation define the property's current office-oriented profile.
Property Size1,970 SF
Lot Size0.46 Acres
Price / SF$405.58
Days on Market5
Property Features for 822 Wappoo Road
General Information
Standard status
Active
Size
1,970 SF
Class
B
Lot size
0.46 Acres
Property subtype
Office
Zoning
GO
Site & Location
Neighborhood
Ardmore/Sherwood Forest
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
1,970 SF
Buildings
1
Stories
1
Tenancy
Multi
Listed By:
Thomas M. Boulware, SIOR, CCIM
(843) 270-9124
Source:
Naicharleston
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 2:09PM
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 Thomas M. Boulware, SIOR, CCIM
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Investment Insights
Based on property information with market context.
This renovated, single-story office property contains approximately 1,970 SF and sits on ±0.46 acres. Several wellness tenants currently occupy the building; all but one are on month-to-month leases. The layout is described as suitable for professional office, wellness, and service businesses.
The property is on Wappoo Road in West Ashley, Charleston, among established residential neighborhoods and local businesses. Its zoning is GO (General Office).
The property is on Wappoo Road in West Ashley, Charleston, among established residential neighborhoods and local businesses. Its zoning is GO (General Office).
Key Highlights
- Renovated, single‑story office property
- ±1,970 SF building on ±0.46 acres
- Multiple wellness tenants; all but one have month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,651
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,020
$553.0K
Cap Rate 7%
$395,014
$395.0K
Cap Rate 9%
$307,233
$307.2K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$43.7K $22.20/SF
− Vacancy
−$6.9K −$3.49/SF
EGI
$36.9K $18.71/SF
− OpEx
−$9.2K −$4.68/SF
NOI
$27.7K $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 Rate 5%
$553,020
Cap Rate 7%
$395,014
Cap Rate 9%
$307,233
Alternative Uses
Best Use
Office B
$395.0K
$345.6K – $460.9K
NOI $27,651 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,318 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
Explore this area
Business Placement
Demographics for 29407, SC
35,373
Population
18,723
Households
1.9
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,297
Density / Sq Mi
$80,568
Median Household Income
$51,827
Median Earnings
$1,388
Median Rent
$407,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Charleston, SC
Frequently Asked Questions
What type of property is this?
Office building - Multiple wellness occupants and a GO (General Office) designation define the property's current office-oriented profile.
Where is this office building located?
The property is located at 822 Wappoo Road Charleston, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated, single‑story office property; ±1,970 SF building on ±0.46 acres; Multiple wellness tenants; all but one have month‑to‑month leases
