Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Charleston Warehouse with Redevelopment Potential Title is generated by Realmo AI

    60 Romney St, Charleston, SC 29403

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8,911 SF warehouse on 0.537 acres near Charleston Tech Center.

    Type:Retail, Office, Mixed Use, Land
    Property size:
    8,911 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $381/SF
    Added:
    Jun 19, 2023
    Days on Market:
    1081
    Last Refresh:
    May 12 at 10:02 pm

    Property Features for 60 Romney St

    General Information

    Standard status
    Active
    Size
    8,911 SF
    Lot size
    0.54 Acres
    Property subtype
    Retail, Office, Mixed Use, Land

    We can help!

    Listing Contact
    Daniel Pellegrino
    Daniel Pellegrino

    Listing agent Daniel Pellegrino License #SC68293

    Listing office Bridge Commercial

    Listing date Jun 19, 2023

    Source Crexi

    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 Bridge Commercial

    HighLights

    • 8,911 SF warehouse on 0.537 acres in an area witnessing unprecedented redevelopment.
    • Two buildings: Main building (warehouse, office, apartment) and rear building (warehouse, walk‑in fridge).
    • Direct access to I‑26 and easily accessible to major thoroughfares.
    • Adjacent to Atlantic on Romney apartments and Charleston Tech Center.
    • Includes a walk‑in fridge.
    • Walking distance to restaurants, apartments, and offices.

    Overview

    This is an opportunity to purchase an 8,911 SF warehouse on 0.537 acres in an area witnessing unprecedented redevelopment over the last few years. The property consists of two buildings: a main building with warehouse, office, and apartment space, and a rear building with a warehouse and walk-in fridge. It is adjacent to Atlantic on Romney apartments and Charleston Tech Center, and within walking distance to a variety of restaurants, apartments, and offices. The property offers direct access to I-26 and is easily accessible to major thoroughfares including Highway 17, Ravenel Bridge, Morrison Drive, and Meeting Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Charleston Electrical Services ... Electrical Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stache Storage of Charleston — 1134 King St, Charleston, SC 29403
    • Bounce Luggage Storage - Near Charleston — 614 Rutledge Ave, Charleston, SC 29403
    • Big Bertha Storage — 1056 King St suite 200, Charleston, SC 29403
    • Go Store It Self Storage — 17 Walnut St, Charleston, SC 29403
    • AAA Downtown Storage — 44 line st, charleston, sc 29403

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9463936
    Latitude
    32.8075758

    Nearby Similar for Sale

    • $2,650,000
      4,923 SF

      Historic Charleston Mixed-Use Building

      Three-story mixed-use building in Charleston's historic commercial corridor.
      59 Broad Street, Charleston, SC 29401
      View Details
    • $575,000
      1,981 SF

      Multifamily Investment in Charleston, SC

      Multifamily property on James Island with income potential and flexibility.
      1045 Seaside Lane, Charleston, SC 29412
      View Details
    • $1,955,000
      2,300 SF

      Charleston Single-Style Duplex Home

      Modernized duplex with retained historic character and a fenced backyard, offering flexible income or owner-occupied use.
      695 King Street, Charleston, SC 29403
      View Details
    • $1,875,000
      2,874 SF

      Income Property in Radcliffeborough Neighborhood

      Versatile income-producing property in downtown Charleston near King Street.
      208 Calhoun Street, Charleston, SC 29401
      View Details
    • $2,700,000
      4,300 SF

      Historic Downtown Charleston Triplex

      Three-unit home in the heart of Radcliffeborough.
      77 Pitt Street, Charleston, SC 29403
      View Details
    • $1,199,000
      2,800 SF

      Renovated Historic Duplex in Charleston

      Turn-key duplex in downtown Charleston's vibrant Eastside neighborhood.
      66 America Street, Charleston, SC 29403
      View Details
    • $1,699,000
      1,915 SF

      Luxury Duplex in Downtown Charleston

      Turnkey duplex with high-end design and strong income potential.
      72 Ashe Street, Charleston, SC 29403
      View Details
    • $630,000
      1,592 SF

      Charleston Duplex Investment Opportunity

      Duplex on James Island near Downtown Charleston and Folly Beach.
      767 Bermuda Street, Charleston, SC 29412
      View Details
    • $466,420
      1,595 SF

      Income-Producing Duplex in West Ashley

      Duplex in Charleston's West Ashley neighborhood, near downtown and amenities.
      1746 E Avalon Circle, Charleston, SC 29407
      View Details
    • $1,378,000
      2,252 SF

      Charleston Multifamily Investment Opportunity

      Multifamily property with three units in a desirable Charleston location.
      2128 Courtland Avenue, Charleston, SC 29403
      View Details
    • $4,695,000
      7,159 SF

      Charleston Multifamily Investment Opportunity

      Nine-unit property blending historic charm with modern luxury.
      176-178 Broad Street, Charleston, SC 29401
      View Details
    • $800,000
      2,256 SF

      Charleston Multi-Family Investment Opportunity

      Three-unit property with income potential in Downtown Charleston, SC.
      166 President, Charleston, SC 29403
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,911 SF warehouse on 0.537 acres near Charleston Tech Center.
    Where is this warehouse located?
    The property is located at 60 Romney St Charleston, SC.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 8,911 SF warehouse on 0.537 acres in an area witnessing unprecedented redevelopment.; Two buildings: Main building (warehouse, office, apartment) and rear building (warehouse, walk‑in fridge).; Direct access to I‑26 and easily accessible to major thoroughfares.
    (843) 723-1202 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Pellegrino
    Daniel Pellegrino
    Real Estate License ID: SC68293
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    60 Romney St, Charleston, SC 29403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!