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Property profile & analytics
OFF-MARKET
Commercial land

5524 Rhett Ave North Charleston, SC 29406-3508

0.17 ac lot Built 1948
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US77-0528885
Property summary
AI-generated overview

This exceptional 19.21-acre parcel presents a unique investment opportunity in Clay County. Located on the north end of Clay County Regional Park, this property boasts a prime location with significant development potential. The land is zoned BB, offering flexibility for various commercial uses, particularly suited for a small bay warehouse development. The expansive acreage provides ample space for construction and future expansion. The property consists of two separate APNs: 35-05-24-006700-119-00 and 35-05-24-006700-119-01, along with a third, unspecified APN. The site is designated for single-tenant occupancy, making it ideal for a business seeking a dedicated and sizable location. The asking price is $500 per acre per month on a triple net (NNN) lease basis. This represents a compelling opportunity to acquire a substantial land holding in a desirable location with clear zoning for commercial development, specifically suited for warehouse construction. The property's proximity to Clay County Regional Park offers additional advantages, including potential access to amenities and a strategic location for attracting employees and customers. This is a rare opportunity to secure a large, well-located parcel of land for immediate development.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1948
Lot 0.17 ac (7,405 SF)
APN 473-16-00-026
UPID US77-0528885
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Manana LLC · 9 yrs held
Manana LLC
since 2017
5 recorded transactions
2019
Price N/A
2017
$850,000
2013
Price N/A
2010
Price N/A
2007
$8.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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