Four-Story Office Building For
For Sale
Contact for pricing
Pending
1495 Remount Rd, North Charleston, SC 29406
Four-story office building in rapidly transforming North Charleston corridor.
Property Size6,674 SF
Lot Size0.70 Acres
Days on Market633
Property Features for 1495 Remount Rd
General Information
Standard status
Pending
Size
6,674 SF
Lot size
0.70 Acres
Property subtype
Mixed Use, Office, Retail
Occupancy
98%
Listing Agency:
Southeastern Management Group
Listed By:
Chad Yonce · License #SC
(843) 343-1923
Source:
Crexi
Added: Dec 10, 2024
Changed: Aug 16
Last Checked: Aug 29 at 12:46AM
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 Southeastern Management Group
Investment Insights
Based on property information with market context.
This four-story professional office building is located on Remount Road, situated on 0.695 acres within the evolving commercial area of North Charleston. The freestanding building encompasses approximately 7,400 square feet and contains a total of 17 offices. The layout includes a large conference room featuring a fireplace and 16-foot ceilings, a full kitchen, and four restrooms. Ample parking is available. The 0.695-acre lot may present opportunities for expansion, either by adding square footage to the existing structure or constructing a separate building along Attaway Street. The property is zoned ON, Neighborhood Office, in the City of North Charleston. Accessibility is a key feature, with proximity to various transportation routes. It is less than 2 minutes from Rivers Avenue, less than 3 minutes from both I-26 and I-526, and 5 minutes from Park Circle. This property is suitable for an owner occupant or for leasing out offices as executive rentals.
Key Highlights
- Freestanding ±7,400 SF professional office building.
- Excellent location:** Less than 3 minutes to I‑26 and I‑526, and 5 minutes to Park Circle.
- Excellent accessibility: Less than 2 minutes to Rivers Avenue.
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
$89,348
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
7.45%
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%
$1,786,960
$1.8M
Cap Rate 7%
$1,276,400
$1.3M
Cap Rate 9%
$992,756
$992.8K
Market Conditions
NOI Build-Up for 6,674 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
$140.2K $21.00/SF
− Vacancy
−$21.0K −$3.15/SF
EGI
$119.1K $17.85/SF
− OpEx
−$29.8K −$4.46/SF
NOI
$89.3K $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%
$1,786,960
Cap Rate 7%
$1,276,400
Cap Rate 9%
$992,756
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,348 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,859 @ 7.0% cap · market cap 10.57%
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 building - Four-story office building in rapidly transforming North Charleston corridor.
Where is this office building located?
The property is located at 1495 Remount Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Freestanding ±7,400 SF professional office building.; Excellent location:** Less than 3 minutes to I‑26 and I‑526, and 5 minutes to Park Circle.; Excellent accessibility: Less than 2 minutes to Rivers Avenue.
