Add Listing
    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

    238 Mathis Ferry Road Mount Pleasant, SC 29464

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Individual office spaces available in well-maintained building with proactive landlord.

    Type:Office
    Added:
    Oct 5, 2024
    Days on Market:
    564
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 238 Mathis Ferry Road

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 238 Mathis Ferry Road Contact us

    Ground Floor $42 /Mo

    Size
    745 SF
    Type
    Office
    Contact us

    Floor 2 $42 /Mo

    Size
    467 SF
    Type
    Office
    Contact us

    Available Space $36 /Mo

    Size
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    David Seay

    Listing agent David Seay License #SC58614

    Listing office The Brokerage, LLC

    Listing date Oct 5, 2024

    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 The Brokerage, LLC

    Overview

    Individual Offices For Rent

    Individual office spaces are available for rent. Downstairs Office 1 is available for $1,500 gross per month. Downstairs Office 2 is available for $1,500 gross per month. The Upstairs Office is available for $2,000 gross per month. The building is maintained to a high standard and has a new roof. The location provides quick access around town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carolina Preventive Medicine Medical Clinic Levy Financial Group Financial Advisor Falcon Express Services Law Firm Global Logistics & Customs ... Logistics Company SeaChange Marketing & Advertising

    Suggested Use

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

    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
    -79.891773
    Latitude
    32.806571

    Nearby Similar for Lease

    • $24/mo

      Mount Pleasant Retail Space Available

      Retail space in prime Mount Pleasant location, available June 1, 2026.
      543 Long Point Road, Mount Pleasant, SC 29464
      View Details
    • $28/mo

      Retail Space in Mt. Pleasant

      Retail space for lease in The Shoppes at Brickyard.
      2700 Brickyard Parkway , Mount Pleasant, SC 29466
      View Details
    • Sponsored
      Contact for pricing

      Gregorie Ferry Landing

      1240 Winnowing Way, Unit 100, Mount Pleasant, SC 29466
      View Details
    • $28/mo

      Class A Medical Office Building

      Renovated medical/office building with ample parking in Mt. Pleasant.
      1200 Innovation Way, Mount Pleasant, SC, 29466
      View Details
    • $34/mo

      Medical Office in Mt. Pleasant

      Medical office space available for sublease in Mt. Pleasant.
      1300 Hospital Dr, Mount Pleasant, SC 29464
      View Details
    • $37/mo

      New Office Building in Mount Pleasant

      Newly constructed office building in desirable Mount Pleasant location.
      1681 Belle Isle Ave, Mount Pleasant, SC
      View Details
    • $32/mo

      Renovated Shopping Center on Hwy 17

      Highly visible, renovated shopping center with frontage on Hwy 17.
      627 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Mount Pleasant Office Park Space

      Office park with visibility, access, and nearby amenities for rent.
      782 Johnnie Dodds Boulevard, Mount Pleasant, SC, 29464
      View Details
    • $30/mo

      Mount Pleasant Office Space Available

      3,400 SF office space with ample parking and signage.
      790 Johnnie Dodds Blvd, Mount Pleasant, SC
      View Details
    • Contact for pricing

      Retail Space Near Ravenel Bridge

      Retail space in Whole Foods anchored shopping center available for lease.
      855 Houston Northcutt Blvd, Mount Pleasant, SC 29464
      View Details
    • $35/mo

      Mt. Pleasant Retail Space Available

      Retail space for lease in Harris Teeter anchored shopping center.
      2195 Tea Planters Ln, Mount Pleasant, SC
      View Details
    • $28/mo

      Mount Pleasant Office Space Available

      Office space in a well-maintained park with included utilities.
      503 Wando Park Blvd, Mount Pleasant, SC
      View Details

    FAQs

    What type of property is this?
    Office units - Individual office spaces available in well-maintained building with proactive landlord.
    Where is this office units located?
    The property is located at 238 Mathis Ferry Road Mount Pleasant, SC.
    What are key features of this property?
    This property features: Fantastic location with quick access all over town.; Class A office space due to maintenance and proactive landlord.; New roof.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Seay
    Real Estate License ID: SC58614
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!