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

    165 King St Charleston, SC 29401-2223

    • Commercial real estate
    • 1,285 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1083362
    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

    • Sportsman's Gallery Ltd / Art Gallery
    • The Law Office of Sara A. Turner, LLC / Law Firm
    • The Law Office of Grant B. Smaldone LLC / Law Firm

    Property Details for 165 King St

    Year built
    1983
    Lot size
    0.05 lot acres
    Property size
    1,285 SF
    Property type
    Commercial real estate
    APN
    457-08-04-035
    APU
    4570804035

    Description

    This exceptional three-story, 4,000 square foot building at 165 King Street in Charleston, SC, is offered for sale at $2,950,000 ($812.50/sq ft). Built in 1899, this coveted downtown Charleston asset boasts a prime location in the heart of the historic business district, adjacent to the Gateway Walk and within one of the nation's top ten shopping districts. Currently 25% occupied, the building features a retail tenant on the first floor and a law firm occupying the second and third floors. The upper floors include six rooms, three full baths, a full kitchen, and a mini-kitchen, along with a courtyard and two outdoor decks. The property sits on a 0.05-acre lot and is zoned for General Business (City of Charleston - GB). Multiple parking decks are within walking distance. This presents an ideal opportunity for owner-occupants or investors, given its proximity to shops, restaurants, hotels, entertainment, and historic landmarks. The building's location benefits from the upcoming development of South Carolina's First Four Seasons just one block away. The lease type is NNN with no remaining lease term.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,596,000
      Market price range: $545k - $1.60M
      AI Estimate
      $1,596,000
      Market price range: $545k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9332
    Latitude
    32.7785
    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
    $27,974
    $0.00
    $0.00
    $97,700
    -
    $489,740
    $1,423,260
    $1,913,000

    Comparable in this City

    • Value Estimation by Request
      1.47 Acres

      33 Lockwood Dr

      COMMERCIAL CONDOMINUIM • 1.47 Acres
      33 Lockwood Dr, Charleston, SC 29401-1122
      View Details
    • Value Estimation by Request
      7.29 Acres

      44 Bay St

      COMMERCIAL (GENERAL) • 7.29 Acres
      44 Bay St, Charleston, SC 29401-2547
      View Details
    • Value Estimation
      $1,590,000
      1,741 SF

      111 Church St

      COMMERCIAL (GENERAL) • 1,741 SF
      111 Church St, Charleston, SC 29401-2905
      View Details
    • Value Estimation
      $1,240,000
      1,701 SF

      190 Bay St

      COMMERCIAL CONDOMINUIM • 1,701 SF
      190 Bay St, Charleston, SC 29401-2123
      View Details
    • Value Estimation
      $2,355,000
      3,723 SF

      9 Lockwood Dr

      COMMERCIAL (GENERAL) • 3,723 SF
      9 Lockwood Dr, Charleston, SC 29401-1122
      View Details
    • Value Estimation by Request
      180 SF

      14 Lockwood Dr, Unit 3

      COMMERCIAL CONDOMINUIM • 180 SF
      14 Lockwood Dr, Charleston, SC 29401-1126
      View Details

    Similar Nearby for Sale

    • $4,100,000
      11,500 SF

      Charleston Historic Office Building

      Iconic Downtown Charleston Office, $4.1M
      3 Broad St, Charleston, SC 29401
      View Details
    • $9,745,000
      13,334 SF

      Charleston Historic District Multifamily

      16 Units, Prime Location, High Occupancy
      46 Queen St, Charleston, SC 29401
      View Details
    • $6,000,000
      0.17 Acres

      Charleston Multifamily Investment

      Historic Charm, Modern Luxury, 9 Units
      176 Broad St, Charleston, SC 29401
      View Details
    • $55,000
      5.10 Acres

      Land For Sale, Kingstree, SC

      Residential land available in Kingstree, South Carolina.
      140 Pinkney Rd, Kingstree, SC 29401
      View Details
    • $599,000
      1,879 SF

      Downtown Office Suite For Sale

      Office suite in downtown Charleston, leased through May 2025.
      171 Church St, Charleston, SC 29401
      View Details
    • New
      $1,695,000
      3,120 SF

      Historic Downtown Charleston Multifamily Investment

      Four one-bedroom apartments near College of Charleston and King St.
      68 Beaufain St, Charleston, SC 29401
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      15,039 SF

      Charleston Office Space: Meeting Street Gem

      Upscale Charleston office suites, flexible space.
      174 Meeting St, Charleston, SC 29401
      View Details
    • Contact for pricing

      King Street Office/Retail Space

      Second floor office/retail space available on King Street.
      354 Floor, Charleston, SC 29401
      View Details
    • $19 SF/Yr
      6,740 SF

      Downtown Charleston Office Space Available

      Single-story office building in the heart of downtown Charleston.
      57 Hasell St, Charleston, SC 29401
      View Details
    • $95 SF/Yr
      925 SF

      King Street Retail Opportunity

      Prime retail space in Charleston's premier shopping district.
      331 King St, Charleston, SC 29401
      View Details
    • $37 SF/Yr
      1,945 SF

      Retail Space on King Street

      Retail space available for lease on King Street.
      211 King St, Charleston, SC 29401
      View Details
    • $52 SF/Yr
      1,876 SF

      Retail Space in Tourist District

      Retail space in Charleston's premier tourist district.
      164 Market St, Charleston, SC 29401
      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.
    165 King St
    Charleston, SC 29401-2223
    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.