First-Floor Office
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8310 Rivers Avenue # B, North Charleston, SC 29406
Move-in-ready commercial unit with parking, monument signage, and flexibility for office or retail use.
Property Size1,350 SF
Price / SF$218.52
Days on Market27
Property Features for 8310 Rivers Avenue # B
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Office
Zoning
City of North Charleston - B-2 - General Business District
Listing Agency:
Belk | Lucy
(843) 936-1715
Listed By:
Kevin Shields · License #SC 109964
Source:
Crexi
Added: Aug 5
Changed: Aug 30
Last Checked: Aug 30 at 7:57PM
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.
Unit B is a 1,350-square-foot, first-floor office condo within a commercial property on Rivers Avenue. The space is described as move-in ready and can accommodate either office or retail use, providing flexibility for an owner-user or business operation.
The property includes on-site parking and monument signage. It is located in North Charleston, with access from Rivers Avenue and B-2 General Business District zoning under the City of North Charleston.
The property includes on-site parking and monument signage. It is located in North Charleston, with access from Rivers Avenue and B-2 General Business District zoning under the City of North Charleston.
Key Highlights
- 1,350‑square‑foot office condo
- First‑floor Unit B at 8310 Rivers Avenue, North Charleston, SC 29406
- Move‑in‑ready condition
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
$18,073
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
6.13%
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%
$361,460
$361.5K
Cap Rate 7%
$258,186
$258.2K
Cap Rate 9%
$200,811
$200.8K
Market Conditions
NOI Build-Up for 1,350 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
$28.4K $21.00/SF
− Vacancy
−$4.3K −$3.15/SF
EGI
$24.1K $17.85/SF
− OpEx
−$6.0K −$4.46/SF
NOI
$18.1K $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%
$361,460
Cap Rate 7%
$258,186
Cap Rate 9%
$200,811
Alternative Uses
Best Use
Office B
$258.2K
$225.9K – $301.2K
NOI $18,073 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready commercial unit with parking, monument signage, and flexibility for office or retail use.
Where is this office units located?
The property is located at 8310 Rivers Avenue # B North Charleston, SC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,350‑square‑foot office condo; First‑floor Unit B at 8310 Rivers Avenue, North Charleston, SC 29406; Move‑in‑ready condition
