Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1166 King St Charleston, SC 29403

    • Commercial real estate
    • 1,686 SF
    • 0.10 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0245655
    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

    • Commercial real estate

    Property Details for 1166 King St

    Year built
    1935
    Lot size
    0.10 lot acres
    Property size
    1,686 SF
    Property type
    Commercial real estate
    APN
    463-12-01-048
    APU
    4631201048

    Description

    This exceptional 2,045-square-foot freestanding executive office building is ideally situated in the heart of Charleston's Upper Peninsula, at 1166 King Street, zip code 29403. Boasting excellent visibility on King Street, this property offers unparalleled convenience with easy access to I-26, the Ravenel Bridge, and Crosstown, placing it within minutes of all Charleston submarkets. The building itself is meticulously designed to meet the needs of discerning businesses, featuring five private offices, a dedicated conference room, a welcoming reception area, a fully equipped kitchen, and two bathrooms. A sizable storage closet adds to the practicality of the space. Ample on-site and nearby parking is readily available for employees and clients. The building is currently available for lease or sale. The asking price for the sale is $1,400,000. For lease, the asking rate is $37.00 per square foot, net of janitorial and electric costs, with availability commencing April 1st, 2024. Its prime location places it within easy walking distance of popular local establishments such as Edmund Oast Brewing Co., The Daily, Heavy's, Goat. Sheep. Cow. and Babas on Meeting. This presents a unique opportunity to acquire a highly desirable and well-appointed office space in a vibrant and thriving Charleston neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $876,000
      Market price range: $534k - $2.52M
      AI Estimate
      $876,000
      Market price range: $534k - $2.52M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9512
    Latitude
    32.8097
    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
    2023
    $8,312
    $0.00
    $0.00
    $30,370
    -
    $312,000
    $236,800
    $548,800

    Comparable in this City

    • Value Estimation by Request

      418 King St Ste, Unit 201

      COMMERCIAL (GENERAL)
      418 King St Ste, Charleston, SC 29403-6673
      View Details
    • Value Estimation
      $1,110,000
      3,415 SF

      43 Cannon St

      COMMERCIAL (GENERAL) • 3,415 SF
      43 Cannon St, Charleston, SC 29403-6068
      View Details
    • Value Estimation
      $1,455,000
      2,153 SF

      252 Coming St

      COMMERCIAL (GENERAL) • 2,153 SF
      252 Coming St, Charleston, SC 29403-6768
      View Details
    • Value Estimation
      $3,010,000
      9,508 SF

      155 Coming St, Unit A

      COMMERCIAL (GENERAL) • 9,508 SF
      155 Coming St, Charleston, SC 29403-6116
      View Details
    • Value Estimation
      $15,585,000
      21,702 SF

      652 King St

      COMMERCIAL (GENERAL) • 21,702 SF
      652 King St, Charleston, SC 29403-4827
      View Details
    • Value Estimation
      $1,080,000
      3,404 SF

      12 Hagood Ave, Unit B

      COMMERCIAL (GENERAL) • 3,404 SF
      12 Hagood Ave, Charleston, SC 29403-5164
      View Details

    Similar Nearby for Sale

    • $25,000,000
      2.50 Acres

      Huger St Morrison Dr & Stuart St

      Land • 10,904 SF
      0 Huger St Morrison Dr & Stuart St, Charleston, SC 29403
      View Details
    • $13,000,000
      0.46 Acres

      Charleston Hotel Development Opportunity

      100-Key Hotel, Prime Location, $13M
      510 Meeting 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
    • $1,249,900
      0.11 Acres

      Charleston Downtown Development

      .11-acre lot, mixed-use potential.
      190 Coming St, Charleston, SC 29403
      View Details
    • $6,000,000
      13 SF

      13.59 Acres Prime Land

      13.59 acres of commercial land for sale.
      Holiday Dr, Summerville, SC 29403
      View Details
    • $2,490,000
      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

    Similar Nearby for Lease

    • $23 SF/Yr
      2,631 SF

      King Street Executive Office Space

      Charleston A-Class Office, 2,000 SF Available
      579 King St, Charleston, SC 29403
      View Details
    • $60 SF/Yr
      3,938 SF

      King Street Retail Space Available

      New retail space with patio on King Street.
      677 King St, Charleston, SC 29403
      View Details
    • $30 SF/Yr
      1,363 SF

      Downtown Retail Space For Lease

      New retail spaces available in downtown Charleston apartment community.
      1310 Meeting St, Charleston, SC 29403
      View Details
    • Contact for pricing
      3,337 SF

      Class A Office Space Available

      Class A office space for rent in Charleston, SC.
      1567 Meeting St, Charleston, SC 29403
      View Details
    • $18 SF/Yr
      5,500 SF

      Conveniently Located Flex/Industrial Space

      Flex/industrial space with climate-controlled offices, near airport and station.
      4122 Meeting St, Charleston, SC 29403
      View Details
    • $29 SF/Yr
      1,650 SF

      Downtown Charleston Office Space

      Office space for rent in Charleston's growing Upper Peninsula.
      11 Isabella 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.
    1166 King 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

    Google sign-in failed. Please try again or use another login method.