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    FOR SALE
    Warehouses

    2532 Spruill Ave, North Charleston, SC 29405

    24,000 SF 1.66 ac lot Built 1983
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US77-3091014
    Property summary
    AI-generated overview

    This exceptional 27,840-square-foot warehouse, situated on 1.73 acres in North Charleston, SC (zip code 29405), presents a unique investment opportunity. Completely renovated in 2023, the property boasts a new roof, HVAC system, sprinkler system, polished concrete floors, updated electrical, lighting, plumbing, and restrooms. The main warehouse features three loading docks and offers approximately 3,900 square feet of modern office space, including three private offices and an open lobby/showroom area. Four additional storage buildings are located on the site, though not included in the 27,840 square foot total. The property benefits from a convenient location within the I-526 loop, near the Hugh Leatherman terminal, and is zoned M2 - Heavy Industrial (APN: 466-08-00-499). Features include a 6-inch concrete slab, 3-phase power, and a secure on-site yard. Ideal for a variety of uses, including high-end showroom/storage, manufacturing, distribution, government contracting, or event space. The asking price is $5,999,999. The property is currently vacant and available for immediate occupancy. This is a NNN lease.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1983
    Total area 24,000 SF
    Lot 1.66 ac (72,310 SF)
    APN 466-08-00-499
    UPID US77-3091014
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    203 Wisconsin LLC · 4 yrs held
    203 Wisconsin LLC
    since 2022
    Last sale
    $400,000
    7 recorded transactions
    2023
    2022
    $400,000
    2022
    $3.0M
    2020
    2016
    $1.1M
    2006
    $750,000
    2000
    $231,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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