Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3404 Salterbeck St Mount Pleasant, SC 29466
    Back to Search
    Property profile & analytics

    3404 Salterbeck St, Mount Pleasant, SC 29466

    View on Map
    • Retail properties & Spaces
    • 2,190 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3404 Salterbeck St

    Year built
    2003
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 903-square-foot executive office suite is situated in a highly desirable Mount Pleasant location within a single-story, 2,190-square-foot commercial building. Built in 2003 and renovated in 2018, the property boasts a Class B rating and offers convenient ground-floor access. The suite is part of a multi-tenant building, but enjoys its own dedicated space. Ample parking is readily available, a significant advantage in this busy area. The surrounding neighborhood is vibrant, featuring a mix of thriving businesses, a grocery store, and various restaurants, providing excellent convenience and accessibility for both employees and clients. The property's zoning is Charleston - PD - Planned Development (APN: 5980000071; 598-00-00-068), located in Charleston County. This space presents a unique opportunity for businesses seeking a well-maintained, easily accessible office space in a prime location. Detailed floor plans and media are available upon request. The efficient layout maximizes space, making it feel larger than its square footage suggests. Ideal for a variety of office or retail uses. This is a rare opportunity to secure ground floor space in this sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.7792
    Latitude
    32.8763

    Comparable in this City

    • Value Estimation by Request
      4,750 SF

      Hwy 17 & Greythorne Dr

      Office Spaces
      0 Hwy 17 & Greythorne Dr, Mount Pleasant, SC 29466
      View Details
    • Value Estimation by Request

      Joe Rouse Rd

      Flex space
      0 Joe Rouse Rd, Mount Pleasant, SC 29466
      View Details
    • Value Estimation by Request
      10,044 SF

      901 Warrior Way

      Office Spaces
      901 Warrior Way, Mount Pleasant, SC 29466
      View Details
    • Value Estimation by Request
      4,800 SF

      355 Faison Rd

      Retail properties & Spaces
      355 Faison Rd, Mount Pleasant, SC 29466
      View Details
    • Value Estimation by Request
      1.00 Acre

      245 Crystal Dr

      Retail properties & Spaces
      245 Crystal Dr, Mount Pleasant, SC 29466
      View Details
    • Value Estimation by Request
      11,576 SF

      1250 Winnowing Way

      Office Units
      1250 Winnowing Way, Mount Pleasant, SC 29466
      View Details

    Similar Nearby for Sale

    • $859,000
      1.00 Acre

      Mount Pleasant Commercial Land Opportunity

      High-traffic retail land, 1 acre, $859,000
      245 Crystal Dr, Mount Pleasant, SC 29466
      View Details
    • Contact for pricing
      9,390 SF

      Awendaw Office Building Investment Opportunity

      9,390 SF office building in Awendaw, SC for sale.
      6185 Highway 17 North, Awendaw, SC 29466
      View Details
    • Contact for pricing
      7,486 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with modern lease options and high visibility.
      1124 Park West Blvd, Mount Pleasant, SC 29466
      View Details
    • Contact for pricing

      Pad-Ready Outparcel Near Lowes Foods

      1.59-acre pad-ready outparcel in high-traffic, high-income area.
      Highway 41, Mt Pleasant, SC 29466
      View Details
    • $250,000
      0.83 Acres

      Wooded Lot Near Isle of Palms

      Wooded lot minutes from the beach, restaurants, and shopping.
      Lucys Ln, Mount Pleasant, SC 29466
      View Details
    • New
      $7,560,000
      19.66 Acres

      Mount Pleasant Estate Land Parcels

      Large land parcel near amenities and beaches in Mount Pleasant.
      1789 Sc-41, Mount Pleasant, SC 29466
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mount Pleasant Commercial Space Available

      Commercial spaces available for office, medical, retail, and restaurants.
      3236 Highway 17 N, Mount Pleasant, SC 29466
      View Details
    • Contact for pricing

      Mixed-Use Development on Highway 41

      Multi-building mixed-use development with retail and office space.
      1031 Highway 41, Mount Pleasant, SC 29466
      View Details
    • $26 SF/Yr

      Multi-Tenant Office Building

      Move-in ready office suites with first-floor lobby access, plus a second-floor option, with convenient shared parking onsite.
      1124 Park West Blvd, Mount Pleasant, SC 29466
      View Details
    • Sponsored
      Contact for pricing

      Gregorie Ferry Landing

      Discover many ways to work your way in Gregorie Ferry Landing
      1240 Winnowing Way, Mount Pleasant, SC 29466
      View Details
    • $28 SF/Yr
      14,084 SF

      Class A Medical Office Building

      Renovated medical/office building with ample parking in Mt. Pleasant.
      1200 Innovation Way, Mount Pleasant, SC 29466
      View Details
    • Contact for pricing

      Renovated Office/Medical Space Available

      High-end commercial building in a rapidly growing area.
      1200 Innovation Way, Mt Pleasant, SC 29466
      View Details
    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.
    3404 Salterbeck St
    Mount Pleasant, SC 29466
    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

    Thank You for Inquiry
    3404 Salterbeck St, Mount Pleasant, SC, 29466
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!