Flexible B-2 Zoned
5638 N Rhett Ave North Charleston, SC 29406
5638 N Rhett Ave, North Charleston, SC, 29406
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For Sale
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Standalone property with flexible uses in an exceptional location.
Property Size3,060 SF
Price / SF$449.35
Days on Market836
Property Features for 5638 N Rhett Ave
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1980
Listing Agency
The Brokerage, LLC
Listed by
David Seay · License #SC58614
Source
Crexi
Added: Apr 5, 2024 Checked: Jul 19 at 7:32 am
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 The Brokerage, LLC
Investment Insights
Based on property information with market context.
This property, zoned B-2, offers a standalone building with easy parking and over 3,000 square feet of space in an exceptional location. It provides quick access to Remount Road, popular Park Circle, and I-526. Currently operating as the office for Palmetto Cremation Society, the updated property offers many flexible uses and a floorplan to support office, retail, or other uses permitted under the B-2 zoning code. It features flat, surface parking and an exterior access point, providing flexibility and quick access. The adjacent properties are also for sale, offering the potential for more parking or acreage.
Key Highlights
- Exceptional location with quick access to Remount Road, Park Circle, and I‑526.
- Flexible B‑2 zoning allows for office, retail, or other uses.
- Standalone property with easy surface parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.3k | $21.00 |
| − Vacancy | −$9.6k | −$3.15 |
| EGI | $54.6k | $17.85 |
| − OpEx | −$13.7k | −$4.46 |
| NOI | $41.0k | $13.39 |
3,060 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$585.2K
$512.1K – $682.8K
NOI $40,966 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$506.7K
$443.4K – $591.2K
NOI $35,472 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$830.9K
$727.1K – $969.4K
NOI $58,164 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Standalone property with flexible uses in an exceptional location.
Where is this retail space located?
The property is located at 5638 N Rhett Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Exceptional location with quick access to Remount Road, Park Circle, and I‑526.; Flexible B‑2 zoning allows for office, retail, or other uses.; Standalone property with easy surface parking.
