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    3255 Fortune Drive - Laydown Yard Charleston, SC 29418 Charleston,, SC 29418
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    3255 Fortune Drive - Laydown Yard Charleston, SC 29418 Charleston,, SC 29418

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    • Warehouses
    • 30,000 SF
    • 2.36 lot acres
    For Lease
    $3,560,000
    View Listing →
    3255 Fortune Drive - Laydown Yard For Lease
    $3,560,000

    3255 Fortune Drive - Laydown Yard

    Industrial lot available for lease

    3255 Fortune Drive - Laydown Yard Charleston, SC 29418, Charleston, SC 29418
    View Listing
    Property ID
    US77-0906662
    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.
    Value Estimations
    $3,560,000
    Cap Rate Potential
    4.9%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3255 Fortune Drive - Laydown Yard Charleston, SC 29418

    Year built
    1980
    Lot size
    2.36 lot acres
    Property size
    30,000 SF
    Property type
    Warehouses
    APN
    397-00-00-129
    APU
    3970000129

    Description

    This exceptional 0.65-acre lot, located at 3255 Fortune Drive in North Charleston, South Carolina, presents a unique opportunity for businesses seeking secure, light industrial space. The property is zoned for Light Industrial use (M-1), offering flexibility for various operational needs. The fully secured laydown yard provides a safe and controlled environment for storage or other industrial activities. The single-tenancy nature of this property ensures exclusive use and control. With a total land area of 0.65 acres (Lot Size: 0.65 acres), the site offers ample space for various applications. The property's convenient location in North Charleston, SC, zip code 29418, provides easy access to major transportation routes and other key infrastructure. The property's APN is 397-00-00-129. This is an ideal solution for companies requiring a secure and well-located industrial laydown yard. The monthly lease rate is $4,000. The property is classified as Industrial, Land, and Special Purpose. This offering represents a compelling investment opportunity in a thriving industrial market. The property's size and zoning make it suitable for a range of industrial uses. Interested parties are encouraged to inquire further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,875,000
      6.5%
      $2,655,000
      7%
      $2,465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,289,000
      Market price range: $3.11M - $6.59M
      AI Estimate
      $3,090,000
      Market price range: $2.58M - $4.56M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,290,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0688
    Latitude
    32.9272
    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
    $34,468
    $0.00
    $0.00
    $114,750
    -
    $400,000
    $2,150,000
    $2,550,000

    Comparable in this City

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      $2,310,000
      24,800 SF

      3439 Buffalo Ave

      WAREHOUSE, STORAGE • 24,800 SF
      3439 Buffalo Ave, North Charleston, SC 29418-5990
      View Details
    • Value Estimation
      $3,725,000
      40,000 SF

      7289 Spa Rd

      WAREHOUSE, STORAGE • 40,000 SF
      7289 Spa Rd, North Charleston, SC 29418-8498
      View Details
    • Value Estimation
      $1,865,000
      12,500 SF

      3504 Springmire Ct

      WAREHOUSE, STORAGE • 12,500 SF
      3504 Springmire Ct, North Charleston, SC 29418
      View Details
    • Value Estimation
      $1,855,000
      19,894 SF

      4990 Banco Rd

      WAREHOUSE, STORAGE • 19,894 SF
      4990 Banco Rd, North Charleston, SC 29418-5973
      View Details
    • Value Estimation
      $1,550,000
      16,640 SF

      4987 Banco Rd

      WAREHOUSE, STORAGE • 16,640 SF
      4987 Banco Rd, North Charleston, SC 29418-5974
      View Details
    • Value Estimation
      $1,335,000
      8,000 SF

      7241 Cross Park Dr

      WAREHOUSE, STORAGE • 8,000 SF
      7241 Cross Park Dr, North Charleston, SC 29418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Warehouse with Office and Storage

      4,000 SF warehouse with office space and outdoor storage.
      7252 Investment Dr, North Charleston, SC 29418
      View Details
    • Contact for pricing
      14,350 SF

      Warehouse with Fenced Yard

      14,350 SF warehouse with fenced yard for lease.
      7275 Pepperdam Ave, North Charleston, SC 29418
      View Details
    • Contact for pricing
      10,871 SF

      Two Warehouse Buildings For Sale

      Two warehouse buildings totaling 10,871 SF near major roads.
      7142 Cross County Rd, North Charleston, SC 29418
      View Details
    • $3,380,000
      16,132 SF

      North Charleston Industrial Investment Property

      Industrial property in North Charleston with long-term lease in place.
      3185 Industry Dr, North Charleston, SC 29418
      View Details
    • Contact for pricing
      7,300 SF

      North Charleston Light Industrial Building

      7,300 SF light industrial building in North Charleston, SC.
      7311 Pepperdam Ave, North Charleston, SC 29418
      View Details
    • Contact for pricing

      North Charleston Industrial Property

      Industrial property available for sale in North Charleston, SC.
      3515 Jillanda Dr, North Charleston, SC 29418
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Warehouse Building with Renovations

      9,682 SF warehouse on 3.58 acres available for lease.
      139 Hanniford Dr # A, North Charleston, SC 29418
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Property with Storage Units

      Two buildings with warehouse and storage units, fenced and gated.
      3297 Pacific St, North Charleston, SC 29418
      View Details
    • Contact for pricing
      4,500 SF

      North Charleston Flex Warehouse Space

      Climate-controlled flex units with drive-in doors available for lease.
      4748 Franchise St, N Charleston, SC 29418
      View Details
    • Contact for pricing

      North Charleston Office/Warehouse Space

      Office and warehouse space in North Charleston near airport.
      3215 Fortune Dr, North Charleston, SC 29418
      View Details
    • $9 SF/Yr
      96,811 SF

      Renovated Industrial Space Available

      Recently renovated industrial suites available for lease in North Charleston.
      7391 Pepperdam Ave, North Charleston, SC 29418
      View Details
    View Listing
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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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