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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2284 Clements Fry Rd Charleston, SC 29492-8539

    • Office buildings
    • 22,680 SF
    • 2.38 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2022
    $5,200,000
    Value Estimations
    $6,180,000
    Show details
    Cap Rate Potential
    5.3%
    Office buildings
    Location Intelligence
    Property ID
    US77-1262873
    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

    • Stahl CraneSystems / Industrial Manufacturer / Production Facility
    • Arkonik SVO / Auto Repair Shop / Insurance Agency

    Property Details for 2284 Clements Fry Rd

    Year built
    2007
    Lot size
    2.38 lot acres
    Property size
    22,680 SF
    Zone code
    CHARLESTON - LI
    Property type
    Office buildings
    APN
    267-00-00-139
    APU
    2670000139

    Description

    This 2007-built light industrial flex space in Berkeley County (APN 267-00-00-139) offers two suites totaling 22,596 square feet, ideal for multiple tenants. The property boasts premium finishes, including insulated glass storefronts and a wet sprinkler system. Construction features precast concrete for durability. Suite A comprises 14,043 square feet, with 6,937 square feet of Class A office space and 7,106 square feet of climate-controlled warehouse space accessible via four drive-in doors. Suite E offers 8,553 square feet, including 5,677 square feet of Class A office space and 2,876 square feet of climate-controlled warehouse space with two drive-in doors. Both suites are available for lease individually at the same rate per square foot. The property provides ample parking with 65 dedicated spaces and convenient full truck access at the rear. The zoning is Light Industrial, making it suitable for a variety of businesses. This well-maintained property presents a unique opportunity for businesses seeking modern, efficient, and versatile space in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,430,000
      ML approach
      $6,415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,660,000
      6.5%
      $5,225,000
      7%
      $4,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,932,000
      Market price range: $5.11M - $9.03M
      AI Estimate
      $6,871,000
      Market price range: $3.61M - $8.26M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,180,000
      Current use
      COMMERCIAL (GENERAL)
      $9,385,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,435,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9099
    Latitude
    32.9058
    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
    $75,277
    $77,358
    $193,326
    $270,684
    -
    $1,428,000
    $3,568,900
    $4,996,900

    Comparable in this City

    • Value Estimation by Request
      1,389 SF

      245 7th Farms Dr Ste, Unit 110

      OFFICE BUILDING • 1,389 SF
      245 7th Farms Dr Ste, Daniel Island, SC 29492-8500
      View Details
    • Value Estimation
      $950,000
      1,130 SF

      234 7th Farms Dr Ste, Unit 123

      OFFICE BUILDING • 1,130 SF
      234 7th Farms Dr Ste, Daniel Island, SC 29492-8108
      View Details
    • Value Estimation
      $1,925,000
      5,616 SF

      126 7th Farms Dr, Unit 8

      OFFICE BUILDING • 5,616 SF
      126 7th Farms Dr, Daniel Island, SC 29492-8142
      View Details
    • Value Estimation by Request
      775 SF

      260 7th Farms Dr Ste F

      OFFICE BUILDING • 775 SF
      260 7th Farms Dr Ste F, Daniel Island, SC 29492-8207
      View Details
    • Value Estimation by Request
      775 SF

      280 7th Farms Dr Ste A

      OFFICE BUILDING • 775 SF
      280 7th Farms Dr Ste A, Daniel Island, SC 29492-8208
      View Details
    • Value Estimation by Request
      775 SF

      260 7th Farms Dr Ste B

      OFFICE BUILDING • 775 SF
      260 7th Farms Dr Ste B, Daniel Island, SC 29492-8207
      View Details

    Similar Nearby for Sale

    • $2,125,000

      Office Suites For Sale

      Ground floor office suites available for purchase.
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    • $5,400,000
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      Industrial Warehouse with Expansion Potential

      23,532 SF industrial warehouse on 2.10 acres for sale.
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      23,532 SF

      Industrial Warehouse with Undeveloped Land

      23,532 SF industrial warehouse on 2.10 acres for sale.
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      2,300 SF

      Daniel Island Office Space Available

      Class A office suite in desirable Daniel Island location.
      240 Seven Farms Dr, Charleston, SC 29492
      View Details
    • $500,000

      Office Space on Clements Ferry

      Office property available for sale on Clements Ferry Road.
      Clements Ferry Rd, Charleston, SC 29492
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    • $497,000

      Retail Land Development Opportunity

      Prime land for retail development in Charleston's growing corridor.
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    Similar Nearby for Lease

    • $24 SF/Yr
      78,394 SF

      Furnished Office Building Sublease Opportunity

      Well-appointed, fully furnished office building available for sublease on Daniel Island.
      125 Fairchild St, Charleston, SC 29492
      View Details
    • $34 SF/Yr
      3,158 SF

      Daniel Island Office Condo Suite

      Prime Charleston office space, flexible layout.
      297 Seven Farms Dr, Charleston, SC 29492
      View Details
    • $34 SF/Yr
      12,550 SF

      Daniel Island Class A Office

      Class A office space in the heart of Daniel Island.
      109 River Landing Dr, Charleston, SC 29492
      View Details
    • $20 SF/Yr
      1,010 SF

      Clements Ferry Road Office Space

      Second floor office space available for rent in Charleston.
      2414 Clements Ferry Rd, Charleston, SC 29492
      View Details
    • $26 SF/Yr
      78,000 SF

      Charleston Creative Office Space

      78,000 SF Office, 3 Suites Available
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      View Details
    • Contact for pricing
      250,000 SF

      Charleston Industrial Space for Lease

      Flexible Office & Warehouse Space in Charleston, SC
      1301 Charleston Regional Pkwy, Charleston, SC 29492
      View Details
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    2284 Clements Fry Rd
    Charleston, SC 29492-8539
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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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