Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    601 Meeting St Charleston, SC 29403
    Back to Search
    Property profile & analytics

    601 Meeting St, Charleston, SC 29403

    View on Map
    • Retail properties & Spaces
    • 16,560 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iron Tribe Fitness- Downtown Charleston / Gym & Fitness Center
    • parked domain / General Contractor
    • The Archer / Restaurant
    • Nails So Đẹp! / Nail Salon
    • Bloom Salon / Hair Salon

    Property Details for 601 Meeting St

    Year built
    2017
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity is located at 601 Meeting Street in Charleston, South Carolina, zip code 29403. The property, built in 2017, offers a single available unit within a modern building totaling 16,560 square feet. The space currently available is 3,411 square feet, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 3,411 square feet. The unit boasts impressive 20-foot interior ceilings and a stylish steel and glass exterior storefront, providing excellent street visibility. This prime location benefits from convenient onsite parking, ensuring easy access for customers and employees. Its proximity to the Ravenel Bridge provides exceptional connectivity, and the presence of hundreds of luxury apartments above guarantees a high volume of potential customers. The estimated Net, Net, Net (NNN) expenses are currently $9.45 per square foot. This is a rare opportunity to secure a highly desirable retail space in a thriving Charleston location. The property is classified as a storefront retail space with multiple tenancy.

    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
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9448
    Latitude
    32.8024

    Comparable in this City

    • Value Estimation
      $1,795,000
      19,319 SF

      472 Meeting St

      RETAIL STORES (PERSONAL SERVICES)
      472 Meeting St, Charleston, SC 29403-4899
      View Details
    • Value Estimation
      $24,500,000

      10 Westedge St, Unit 3

      RETAIL STORES (PERSONAL SERVICES)
      10 Westedge St, Charleston, SC 29403-6546
      View Details
    • Value Estimation
      $5,300,000
      55,862 SF

      1015 King St

      RETAIL STORES (PERSONAL SERVICES)
      1015 King St, Charleston, SC 29403-3701
      View Details
    • Value Estimation
      $1,035,000
      11,604 SF

      478 Meeting St

      RETAIL STORES (PERSONAL SERVICES)
      478 Meeting St, Charleston, SC 29403-4831
      View Details
    • Value Estimation by Request
      744 SF

      604 Meeting St

      RETAIL STORES (PERSONAL SERVICES)
      604 Meeting St, Charleston, SC 29403-4205
      View Details
    • Value Estimation by Request
      0.92 Acres

      545 Meeting St

      RETAIL STORES (PERSONAL SERVICES)
      545 Meeting St, Charleston, SC 29403-5072
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,334 SF

      Retail Space on King Street

      Commercial space in prime location on upper King Street.
      517 King St, Charleston, SC 29403
      View Details
    • $1,095,000
      0.29 Acres

      King Street Development Opportunity

      Charleston Land: Prime Location, Mixed-Use Potential
      1337 King St, Charleston, SC 29403
      View Details
    • Contact for pricing
      9,000 SF

      Historic Property on Meeting Street

      Freestanding historic property suitable for retail, restaurant, or office.
      575 Meeting St, Charleston, SC 29403
      View Details
    • Contact for pricing
      10,890 SF

      Prime Corner Location in Charleston

      Corner property in Charleston's Business District, ideal for redevelopment.
      737 King St, Charleston, SC 29403
      View Details
    • Contact for pricing
      12,000 SF

      Charleston Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units in downtown Charleston.
      119 Spring St, Charleston, SC 29403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      King Street Retail Opportunity

      Free-standing building in Charleston's 'Dine & Design District'.
      561 King St, Charleston, SC 29403
      View Details
    • Contact for pricing
      2,000 SF

      Restored Warehouse in Upper Peninsula

      Restored warehouse space in Charleston's Upper Peninsula district.
      34 Woolfe St, Charleston, SC 29403
      View Details
    • Contact for pricing
      2,633 SF

      Downtown Charleston Restaurant Space Available

      Iconic downtown restaurant location with parking and outdoor seating.
      114 Cannon St, Charleston, SC 29403
      View Details
    • $60 SF/Yr
      1,920 SF

      King Street Retail Space Available

      New retail space with patio on King Street.
      677 King Street Ext, Charleston, SC 29403
      View Details
    • Contact for pricing
      2,537 SF

      Restaurant & Retail Space Available

      Restaurant and retail spaces for rent in Charleston, SC.
      99 Westedge St, Charleston, SC 29403
      View Details
    • Contact for pricing
      1,920 SF

      King Street Retail Space Available

      New retail space with patio on King Street.
      677 King St, Charleston, SC 29403
      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.
    601 Meeting St
    Charleston, SC 29403
    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
    601 Meeting St, Charleston, SC, 29403
    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!