Corner Office Building with
For Sale
Contact for pricing
Pending
597 Old Mt Holly Rd, Goose Creek, SC 29445
Office building with abundant parking and diverse tenant mix.
Property Size11,323 SF
Days on Market802
Property Features for 597 Old Mt Holly Rd
General Information
Standard status
Pending
Size
11,323 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2005
Buildings
1
Stories
4
Listing Agency:
Oswald Cooke & Associates
Listed By:
Edward Oswald · License #SC 81680
(843) 388-5650
Source:
Crexi
Added: Jun 24, 2024
Changed: Aug 27
Last Checked: Sep 2 at 8:10PM
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 Oswald Cooke & Associates
Investment Insights
Based on property information with market context.
This office building is located at a corner intersection and surrounded by new developments. Suite 206 features private balconies and generator services. Suites within the building have staircases connecting each floor. The property includes abundant parking with 160 spaces in a vast parking garage. Common areas include large restrooms and elevators. Current tenants include Pinnacle Financial, Lifestance Health, Edward Jones, Check N Go, Cane Bay Orthodontics, The Lovely Law Firm, Colleen Taylor Law, Sensational Smiles of Charleston, and Modern Woodmen. The property has a size of 11323 square feet.
Key Highlights
- Abundant parking with 160 spaces and a vast parking garage.
- Corner intersection location with new developments in every direction.
- Suites have a staircase connecting each floor.
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
$151,587
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
7.88%
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%
$3,031,740
$3.0M
Cap Rate 7%
$2,165,529
$2.2M
Cap Rate 9%
$1,684,300
$1.7M
Market Conditions
NOI Build-Up for 11,323 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
$237.8K $21.00/SF
− Vacancy
−$35.7K −$3.15/SF
EGI
$202.1K $17.85/SF
− OpEx
−$50.5K −$4.46/SF
NOI
$151.6K $13.39/SF
Area
Berkeley County, 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%
$3,031,740
Cap Rate 7%
$2,165,529
Cap Rate 9%
$1,684,300
Alternative Uses
Best Use
Office B
$2.17M
$1.89M – $2.53M
NOI $151,587 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,494 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 29445, SC
60,558
Population
23,194
Households
2.6
Avg Household Size
34
Median Age
25%
College-Educated
90%
High-School Grad
57.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$80,778
Median Household Income
$40,990
Median Earnings
$1,441
Median Rent
$256,000
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 building - Office building with abundant parking and diverse tenant mix.
Where is this office building located?
The property is located at 597 Old Mt Holly Rd Goose Creek, SC.
What is the asking price?
The asking price for this property is $1,924,910.
What are key features of this property?
This property features: Abundant parking with **160 spaces and a vast parking garage.**; Corner intersection location with new developments in every direction.; Suites have a staircase connecting each floor.
