171 Church Street Charleston, SC 29401
Office suite in the historic Franke Building, downtown Charleston.
Property Features for 171 Church Street
General Information
- Standard status
- Active
- Size
- 1,879 SF
- Property subtype
- Office
Listing office CBRE - Charleston (843) 577-0702
Listing date Jan 10, 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 CBRE - Charleston
Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Charleston location on Church Street
- Walking distance to Charleston City Market
- Located in the historic Franke Building
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 | $41.7k | $22.20 |
| − Vacancy | −$6.5k | −$3.49 |
| EGI | $35.2k | $18.71 |
| − OpEx | −$8.8k | −$4.68 |
| NOI | $26.4k | $14.04 |
