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    Property profile & analytics

    115 Central Island St Charleston, SC

    • Office buildings
    • 88,540 SF
    • 3.32 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2309668
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 115 Central Island St

    Year built
    2015
    Lot size
    3.32 lot acres
    Property size
    88,540 SF
    Zone code
    CHARLESTON - DI-TC
    Property type
    Office buildings
    APN
    275-00-00-256
    APU
    2750000256

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,095,000
      6.5%
      $20,395,000
      7%
      $18,935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $29,596,000
      Market price range: $19.9M - $35.2M
      AI Estimate
      $25,638,000
      Market price range: $14.1M - $32.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $28,020,000
      Current use
      COMMERCIAL (GENERAL)
      $36,640,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $25,125,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Daniel Island
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9079
    Latitude
    32.8637
    CBSA code
    16700
    CBSA name
    CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $338,883
    $141,318
    $868,683
    $1,010,001
    -
    $2,788,000
    $17,137,800
    $19,925,800

    Comparable in this City

    • Value Estimation
      $990,000
      3,420 SF

      126 7th Farms Dr, Unit 3

      OFFICE BUILDING • 3,420 SF
      126 7th Farms Dr, Daniel Island, SC 29492-8142
      View Details
    • Value Estimation by Request
      800 SF

      Charleston, SC 29492

      OFFICE BUILDING • 800 SF
      Charleston, SC 29492
      View Details
    • Value Estimation
      $995,000
      3,468 SF

      225 7th Farms Dr Ste, Unit 103

      OFFICE BUILDING • 3,468 SF
      225 7th Farms Dr Ste, Daniel Island, SC 29492-8793
      View Details
    • Value Estimation
      $845,000
      3,192 SF

      2265 Clements Fry Rd Ste, Unit 204

      OFFICE BUILDING • 3,192 SF
      2265 Clements Fry Rd Ste, Charleston, SC 29492-8362
      View Details
    • Value Estimation
      $710,000
      2,479 SF

      225 7th Farms Dr Ste, Unit 102

      OFFICE BUILDING • 2,479 SF
      225 7th Farms Dr Ste, Daniel Island, SC 29492-8353
      View Details
    • Value Estimation
      $855,000
      2,892 SF

      225 7th Farms Dr Ste, Unit 109

      OFFICE BUILDING • 2,892 SF
      225 7th Farms Dr Ste, Daniel Island, SC 29492-8353
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,118 SF

      Retail/Office Center Near I-526

      Two-story retail/office center in Cainhoy commercial district.
      2030 Wambaw Crk, Charleston, SC 29492
      View Details
    • Contact for pricing
      2,984 SF

      Charleston Office Space For Rent

      Office space available with easy access to I-526.
      126 Seven Farms Dr, Charleston, SC 29492
      View Details
    • $2,125,000

      Office Suites For Sale

      Ground floor office suites available for purchase.
      670 Marina Dr, Charleston, SC 29492
      View Details
    • $1,695,000
      0.62 Acres

      Waterfront Homesite in Exclusive Enclave

      Premier 0.62-acre waterfront lot ready for custom build.
      122 Collins Hill Ln, Charleston, SC 29492
      View Details
    • $675,000
      0.53 Acres

      Marsh Front Land Near Charleston

      Conveniently located land ideal for commercial or residential development.
      Sportsman Island Dr, Wando, SC 29492
      View Details
    • $429,000
      1.08 Acres

      Charleston Land Parcel For Sale

      Prime 1+ acre parcel near Daniel Island amenities.
      Saint Thomas Island Dr, Charleston, SC 29492
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      78,394 SF

      Furnished Office Building Sublease Opportunity

      Well-appointed, fully furnished office building available for sublease.
      125 Fairchild St, Charleston, SC 29492
      View Details
    • Contact for pricing

      Class A Office Suite Available

      Freestanding Class A office building in Charleston's Clements Ferry Corridor.
      1951 Clements Ferry Rd, Charleston, SC 29492
      View Details
    • Contact for pricing

      Trophy Office Space Sublease

      Sublease opportunity: trophy office space with high-end finishes.
      215 Benefitfocus Way, Charleston, SC 29492
      View Details
    • Contact for pricing

      Trophy Office Space Sublease

      Sublease opportunity: Furnished office space with collaborative areas and amenities.
      125 Fairchild St, Charleston, SC 29492
      View Details
    • Contact for pricing
      1,630 SF

      Clements Ferry Road Office/Flex Space

      Office and flex space available for sublease on Clements Ferry.
      2265 Clements Ferry Rd, Charleston, SC 29492
      View Details
    • Contact for pricing
      2,300 SF

      Daniel Island Office Space Available

      2,300 SF office space for lease on Daniel Island.
      234 Seven Farms Dr, Daniel Island, SC 29492
      View Details
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    115 Central Island St
    Charleston, SC
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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
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