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

    3335 Business Cir North Charleston, SC 29418-7415

    • Commercial real estate
    • 18,920 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2022
    $2,500,000
    Value Estimations
    $3,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1464874
    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 3335 Business Cir

    Year built
    1983
    Lot size
    2.08 lot acres
    Property size
    18,920 SF
    Property type
    Commercial real estate
    APN
    397-00-00-184
    APU
    3970000184

    Description

    This exceptional investment opportunity presents a portfolio of three flex/warehouse buildings totaling 17,667 square feet situated on a 2.06-acre lot in North Charleston, South Carolina. The property, built in 2010 and renovated in 2023, is zoned M-1 (Light Industrial District) within the City of North Charleston and features a mix of office and climate-controlled warehouse space across three separate buildings: 2,846 square feet, 3,500 square feet, and 11,321 square feet. Each building is currently under a triple-net (NNN) lease, generating a substantial net operating income (NOI) of $248,746. The asking price is $4,250,000, translating to $240.56 per square foot. The property boasts ample parking and laydown area, with potential for future development, including approved plans for an additional 13,000 square feet of flex space. Its prime location offers easy access to major transportation arteries, including I-26, Dorchester Road, and Ashley Phosphate Road, as well as proximity to Charleston International Airport. Current tenants include Allegiance Flag Supply (11,321 sq ft, currently paying $12.50 NNN, lease expiring in 3 years, seeking sublease tenant), Charleston Tent Co (2,846 sq ft, paying $15.50 NNN), and College Hunks Hauling Junk and Moving (3,500 sq ft, paying $18.49 NNN). This property is ideal for investors seeking strong cash flow from a well-located industrial asset. The property's APN is 397-00-00-184.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,255,000
      6.5%
      $3,930,000
      7%
      $3,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,505,000
      Market price range: $2.10M - $7.95M
      AI Estimate
      $4,431,000
      Market price range: $2.00M - $7.89M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,595,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0718
    Latitude
    32.921
    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
    $43,090
    $0.00
    $0.00
    $150,000
    -
    $450,000
    $2,050,000
    $2,500,000

    Comparable in this City

    • Value Estimation by Request
      3.72 Acres

      4295 Arco Ln

      COMMERCIAL (GENERAL) • 3.72 Acres
      4295 Arco Ln, North Charleston, SC 29418-5984
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    • Value Estimation by Request
      3.96 Acres

      8250 Dorchester Rd

      COMMERCIAL (GENERAL) • 3.96 Acres
      8250 Dorchester Rd, Charleston, SC 29418-2917
      View Details
    • Value Estimation by Request
      11.17 Acres

      7109 Cross County Rd

      COMMERCIAL (GENERAL) • 11.17 Acres
      7109 Cross County Rd, North Charleston, SC 29418-3304
      View Details
    • Value Estimation by Request
      3.76 Acres

      7222 Cross Park Dr

      COMMERCIAL (GENERAL) • 3.76 Acres
      7222 Cross Park Dr, North Charleston, SC 29418-7420
      View Details
    • Value Estimation by Request
      1,225 SF

      7455 Cross County Rd Ste, Unit 3

      COMMERCIAL CONDOMINUIM • 1,225 SF
      7455 Cross County Rd Ste, North Charleston, SC 29418-8470
      View Details
    • Value Estimation
      $1,605,000
      8,020 SF

      3387 Ashley Phosphate Rd, Unit C4

      COMMERCIAL (GENERAL) • 8,020 SF
      3387 Ashley Phosphate Rd, North Charleston, SC 29418-8416
      View Details

    Similar Nearby for Sale

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      Flex/Warehouse Buildings For Sale

      Three flex/warehouse buildings on 2.06 acres, prime location.
      3335-3337 Business Cir, North Charleston, SC 29418
      View Details
    • $750,000
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      Dual Zoned Corner Land

      4.08 acres with commercial and multi-family zoning.
      Dorchester & Park Gate Dr. Rd, North Charleston, SC 29418
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    • $59,900
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      Vacant Land in North Charleston

      Vacant land available in North Charleston, South Carolina.
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    Similar Nearby for Lease

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      Charleston Industrial Land for Sale

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    • $19 SF/Yr
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      Prime North Charleston Office Space

      6,000 SF Office, High Visibility
      7880 Dorchester Rd, North Charleston, SC 29418
      View Details
    • $26 SF/Yr
      7,440 SF

      International Blvd Office Space

      7,440 SF Office Suite Available
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    • $24 SF/Yr
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      Warehouse with Fenced Yard

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    • $7,500 /Mo

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      Industrial land for lease in North Charleston, SC.
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      View Details
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    3335 Business Cir
    North Charleston, SC 29418-7415
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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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