Financial
Distress signals
Property profile

255 East Bay St Charleston, SC 29401

FOR LEASE
Commercial real estate
Property ID
US77-1077252
4,730 SF 0.3 ac lot Built 1978
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,730-square-foot medical office building at 255 East Bay Street in Charleston, South Carolina, presents a unique investment opportunity. The single-story Class B building is currently vacant, offering immediate occupancy for a new tenant. The property boasts a total of six parking spaces, a significant advantage in this desirable location. Zoned GB (General Business) within Charleston City limits, the building offers excellent visibility and accessibility. Its prime…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$119k
Effective rate27.59%

Value estimate

· Sep 2026
$2.98M
$2.68M – $3.27M
Submarket $/SF estimate$2.97M
NOI build-up
Gross scheduled income$105k
Vacancy & credit loss−$16k
Operating expenses−$22k
NOI · 189,685.71% cap applied$66k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$864/SF
ZIP average, outlier-cleaned · 131 recorded sales of this use type
Observed band · Q1–Q3$424 – $1,243
Qualifying comparables7

Cap rate analysis

How does the asset earn?
189,685.71%
$66k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCHARLESTON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.4
Electrical Service9.0
Shoe Repair8.7

Location

255 East Bay St Charleston, SC 29401
County assessor Recorded deeds · not on file 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
177 Church St, Charleston, SC 29401-3123 $7,000,000 Jan 2026 2,842 SF
345 King, Charleston, SC 29401-1438 $2,925,000 Dec 2025 3,892 SF
279 King, Charleston, SC 29401-1408 $5,250,000 Dec 2025 4,072 SF
78 Society, Charleston, SC 29401-1431 $2,700,000 Jun 2025 2,976 SF
24 Market St, Charleston, SC 29401-2640 $11,500,000 May 2025 5,108 SF
123 Meeting, Charleston, SC 29401-2217 $3,750,000 Apr 2025 2,948 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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