Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1200 Innovation Way Mount Pleasant, SC 29466

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A Medical Office Suites Available

    Lot size:
    44,958 SF

    Property Features for 1200 Innovation Way

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,958 SF
    Class
    A
    Total Rate
    93662.5

    Spaces For Lease

    at 1200 Innovation Way, Mount Pleasant, SC 29466 Contact us
    Unit Suite 201

    $25 /Mo

    Size
    7,042 SF
    Contact us
    Unit Suite 202

    $25 /Mo

    Size
    7,042 SF
    Contact us
    Unit Suite 301

    $25 /Mo

    Size
    8,440 SF
    Contact us
    Unit Suite 302

    $25 /Mo

    Size
    8,440 SF
    Contact us
    Unit Third Floor Suite 301 & 302

    $25 /Mo

    Size
    16,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Charles Carmody
    Charles Carmody

    Listing Agency: CBRE Charleston Listing Agent: Charles Carmody

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A medical office building, located at 1200 Innovation Way in Mount Pleasant, South Carolina, offers 44,958 square feet of prime space. Situated on a 3-acre lot, the building boasts recently completed renovations and is ready for immediate occupancy. Multiple tenancy options are available, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 8,440 square feet. Currently, 38,014 square feet is vacant, providing ample opportunity for businesses seeking flexible and modern office solutions. The building features an impressive 18-inch ceiling height and ample parking, with a ratio of 4.5 spaces per 1,000 square feet. The property's address is 1200 Innovation Way, Mount Pleasant, SC 29466, and its Charleston County APN is 600-00-00-057. This location in one of Mount Pleasant's fastest-growing areas provides excellent visibility and accessibility. The building is ideal for medical practices or general office users seeking a high-quality, well-maintained space. Contact us today to learn more about leasing opportunities and customize your perfect office space within this impressive building.
    Property Profile Location Intelligence

    Current Use by Public Records

    MUSC Accel Health Medical Clinic MUSC Health Primary ... Medical Clinic Cara Seay Ferguson, ... Pediatrician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.7960523
    Latitude
    32.8747038

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Gregorie Ferry Landing

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      1240 Winnowing Way, Mount Pleasant, SC 29466
      View Details
    • $29 SF/Yr
      2,587 SF

      Turn Key Medical Office Space

      Move-in ready medical office space near East Cooper Hospital.
      897 Von Kolnitz Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      2,975 SF

      Mt. Pleasant Retail Space Available

      Retail space for lease in Harris Teeter anchored shopping center.
      2195 Tea Planters Ln, Mount Pleasant, SC
      View Details
    • $29 SF/Yr
      5,623 SF

      Mount Pleasant Executive Office Suites

      Class A Office Space, 1,317-4,306 SF
      1415 Stuart Engals Blvd, Mount Pleasant, SC 29464
      View Details
    • $38 SF/Yr
      5,733 SF

      Coleman Blvd Executive Office Space

      Prime Mt. Pleasant Office/Retail Opportunity
      725 Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      2,245 SF

      Mixed-Use Destination Retail Space

      Retail space in a mixed-use destination with shops and restaurants.
      1596 Palmetto Grande Dr, Mt Pleasant, SC 29464
      View Details
    • $38 SF/Yr
      4,750 SF

      Mount Pleasant Executive Office Suites

      Prime Office Space, Charleston County
      0 Hwy 17 & Greythorne Dr, Mount Pleasant, SC 29466
      View Details
    • $38 SF/Yr
      4,261 SF

      High Exposure Retail Space Available

      Retail space with high visibility and frontage on Highway 17.
      615 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      65,000 SF

      Prime Mount Pleasant Executive Office Space

      Class A Office, 3,653 SF Available
      235 Magrath Darby Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      2,590 SF

      Retail/Office Space on Highway 17

      Upcoming retail/office building on high-traffic Highway 17 North.
      Faison Rd, Mount Pleasant, SC
      View Details
    • $28 SF/Yr
      3,639 SF

      Prime Mount Pleasant Office Space

      Executive Suite, 3639 sq ft, A-Class
      710 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      3,400 SF

      Freestanding Office Building For Lease

      Two-story office property in a rapidly developing commercial corridor.
      890 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details

    FAQs

    What type of property is this?
    Medical office - Class A Medical Office Suites Available
    Where is this medical office located?
    The property is located at 1200 Innovation Way Mount Pleasant, SC.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 44,958 SF Class A medical/general office building, fully renovated.; Freestanding building on a 3-acre lot, situated behind Oakland Market.; Ample parking with a 4.5/1,000 SF ratio.
    (843) 577-0702 Call to check price and availability
    Request Owner's contact information
    1200 Innovation Way Mount Pleasant, SC 29466
    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.
    1200 Innovation Way
    Mount Pleasant, SC 29466
    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
    1200 Innovation Way Mount Pleasant, SC 29466
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Carmody
    Charles Carmody
    Real Estate License ID: 5454
    (843) 577-0702 (843) 514-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.