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

    2534 Spruill Ave North Charleston, SC 29405-8338

    • Commercial real estate
    • 6,624 SF
    • 3.93 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0840027
    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 2534 Spruill Ave

    Year built
    1991
    Lot size
    3.93 lot acres
    Property size
    6,624 SF
    Property type
    Commercial real estate
    APN
    466-04-00-007
    APU
    4660400007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $756,000
      Market price range: $756k - $3.12M
      AI Estimate
      $756,000
      Market price range: $756k - $3.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.958
    Latitude
    32.8459
    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
    $9,674
    $0.00
    $0.00
    $22,580
    -
    $376,250
    $0.00
    $376,250

    Comparable in this City

    • Value Estimation by Request
      3.05 Acres

      Navy Base

      COMMERCIAL (GENERAL) • 3.05 Acres
      Navy Base, North Charleston, SC 29405
      View Details
    • Value Estimation by Request
      3.27 Acres

      N

      COMMERCIAL (GENERAL) • 3.27 Acres
      N, Charleston, SC 29405
      View Details
    • Value Estimation by Request
      0.24 Acres

      2nd N St

      COMMERCIAL (GENERAL) • 0.24 Acres
      2nd N St, North Charleston, SC 29405
      View Details
    • Value Estimation by Request
      0.19 Acres

      4827 Virginia Ave

      COMMERCIAL (GENERAL) • 0.19 Acres
      4827 Virginia Ave, North Charleston, SC 29405-3614
      View Details
    • Value Estimation by Request
      0.64 Acres

      4122 Meeting St Rd

      COMMERCIAL (GENERAL) • 0.64 Acres
      4122 Meeting St Rd, North Charleston, SC 29405-6662
      View Details
    • Value Estimation by Request
      0.35 Acres

      2531 Hobson Ave

      COMMERCIAL (GENERAL) • 0.35 Acres
      2531 Hobson Ave, North Charleston, SC 29405-1917
      View Details

    Similar Nearby for Sale

    • $1,000,000
      1.85 Acres

      Prime B1 North Charleston Land

      1.85 Acres, B1 Zoning, High Visibility
      5154 Rhett Ave, North Charleston, SC 29405
      View Details
    • $2,295,000
      3,500 SF

      King Street Charleston Investment

      Prime Charleston location, 0.37 acres, 3,500 SF building.
      1337 King Street Ext, North Charleston, SC 29405
      View Details
    • $550,000
      2 SF

      Corner Properties on Cosgrove Avenue

      High-traffic corner properties near Rivers Avenue with redevelopment potential.
      2122 Cosgrove Ave North Charleston, North Charleston, SC 29405
      View Details
    • $850,000

      Dorchester Road Land Parcel

      0.67-acre land parcel for sale in North Charleston.
      3586 Dorchester Rd, North Charleston, SC 29405
      View Details
    • $6,500,000
      31,875 SF

      Navy Yard Powerhouse Venue Opportunity

      Historic Powerhouse in Navy Yard redevelopment, ideal for entertainment.
      1975 N Hobson Ave, North Charleston, SC 29405
      View Details
    • $2,784,000
      14,278 SF

      North Charleston Office Building For Sale

      Two-story office building in North Charleston's Reynolds Avenue district.
      3265 N Carolina Ave, North Charleston, SC 29405
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,432 SF

      Dorchester Road Industrial Flex Space

      North Charleston flex/warehouse units available.
      4250 Dorchester Rd, North Charleston, SC 29405
      View Details
    • $3,000 /Mo
      2,400 SF

      Flex Space with Laydown Yard

      Flex space with laydown yard and waterfront views available for lease.
      2894 Pringle St, North Charleston, SC 29405
      View Details
    • $19,200,000
      3,017 SF

      Class A+ Office Space Available

      Modern office building with flexible layouts and ample parking.
      4105 Faber Place Dr N, Charleston, SC 29405
      View Details
    • $26 SF/Yr
      7,150 SF

      Office Building Near Charleston Amenities

      Three-story office building near I-26 and I-526.
      1360 Truxtun Ave, North Charleston, SC 29405
      View Details
    • $33 SF/Yr
      840 SF

      Renovated Office Space in Charleston

      Modern office space in a rapidly developing commercial corridor.
      4151 Spruill Ave, North Charleston, SC 29405
      View Details
    • $27 SF/Yr
      95,625 SF

      Faber Place Office Suites

      Class A Office Space in North Charleston
      4000 Faber Place Dr, North Charleston, SC 29405
      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.
    2534 Spruill Ave
    North Charleston, SC 29405-8338
    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.