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    3235 Fortune Dr North Charleston, SC 29418

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    For Lease
    Contact for pricing

    15,240 SF Warehouse, Flex Space Available

    Lot size:
    15,240 SF

    Property Features for 3235 Fortune Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,240 SF
    Total Rate
    20320

    Building Details

    Year Built
    1985
    Stories
    2

    Spaces For Lease

    at 3235 Fortune Dr, North Charleston, SC 29418 Contact us
    Unit

    $16 /Mo

    Size
    15,240 SF
    Contact us

    We can help!

    Listing Contact
    Crawford Riddle
    Crawford Riddle

    Listing Agency: Harbor Commercial Partners Listing Agent: Crawford Riddle

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

    Learn more

    Property Insight Report

    Overview

    This exceptional North Charleston industrial property, situated within the Pepperdam Industrial Park, offers a versatile 15,240 square-foot building ideal for a variety of uses. The property boasts a thoughtfully designed layout encompassing 5,000 square feet of recently renovated office space, seamlessly integrated with 10,240 square feet of warehouse space. An additional 5,000 square feet of mezzanine warehouse space provides ample storage or operational capacity, resulting in a total usable area of 20,240 square feet. The building sits on a substantial 2.28-acre lot, featuring a partially improved and fully secure yard, enhanced by an automated gate entry system and 8-foot-tall security fencing. Climate control is ensured throughout the entire building, complemented by three-phase power. Convenient access to the warehouse is provided by one 12' x 12' drive-in door, a truck well, and two dock-high positions. Ample parking is available with 32 spaces. Built in 1985, this two-story building features a 16.5-foot ceiling height in the warehouse area. This property presents a unique opportunity to acquire a well-maintained, secure, and strategically located industrial space in a thriving Charleston County location. The combination of office and warehouse space, along with the secure yard and ample parking, makes this an attractive option for businesses seeking efficient and functional operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Pharmacy Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0678723
    Latitude
    32.927569

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    FAQs

    What type of property is this?
    Flex space - 15,240 SF Warehouse, Flex Space Available
    Where is this flex space located?
    The property is located at 3235 Fortune Dr North Charleston, SC.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 15,240 SF industrial building for sale or lease in North Charleston's Pepperdam Industrial Park.; Single-tenant occupancy.; Features 5,000 SF of renovated office space and 10,240 SF of warehouse space, plus a 5,000 SF mezzanine.
    (843) 725-7200 Call to check price and availability
    Request Owner's contact information
    3235 Fortune Dr North Charleston, SC 29418
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    North Charleston, SC 29418
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    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
    3235 Fortune Dr North Charleston, SC 29418
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    Contact for Pricing
    Please call us for current price
    and status of this listing Crawford Riddle
    Crawford Riddle
    Real Estate License ID: 130225
    (843) 725-7200
    Learn more
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