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

    3346 Rivers Ave North Charleston, SC 29405-5715

    • Office buildings
    • 40,686 SF
    • 3.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2021
    $3,850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2950791
    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

    • Office buildings

    Property Details for 3346 Rivers Ave

    Year built
    1952
    Lot size
    3.05 lot acres
    Property size
    40,686 SF
    Property type
    Office buildings
    APN
    469-08-00-150
    APU
    4690800150

    Description

    This exceptional 2,876-square-foot flex office space, situated in a high-growth corridor, offers a unique blend of warehouse and office functionality. Located at 3346 Rivers Avenue, this single-story building boasts a 14-foot ceiling height, perfect for various business needs. The space includes a designated loading/unloading area complete with an 8x10 roll-up door, ensuring efficient logistics. Ample secured parking is available for employees and clients. Built in 1952 and extensively renovated in 2022, the property is zoned B2 and is ideally situated for convenient access to major roadways, including I-26 and I-526, as well as Park Circle, West Ashley, and downtown Charleston. Its location directly on the planned Lowcountry Rapid Transit route further enhances its accessibility and future potential. The space is immediately available, offering a turnkey solution for businesses seeking a central location with excellent transportation links. The minimum divisible space is 2,876 square feet, and the maximum contiguous space available is also 2,876 square feet. This presents a compelling opportunity for businesses seeking a modern, functional, and strategically located office space in a thriving Charleston area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9747
    Latitude
    32.8553
    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
    $66,222
    $0.00
    $0.00
    $199,770
    -
    $1,100,000
    $2,750,000
    $3,850,000

    Comparable in this City

    • Value Estimation
      $1,705,000
      3,208 SF

      1900 Mcmillan Ave

      OFFICE BUILDING • 3,208 SF
      1900 Mcmillan Ave, North Charleston, SC 29405-7771
      View Details
    • Value Estimation
      $1,845,000
      5,585 SF

      4000 Salt Pointe Pkwy

      OFFICE BUILDING • 5,585 SF
      4000 Salt Pointe Pkwy, North Charleston, SC 29405-8419
      View Details
    • Value Estimation
      $22,905,000
      25,932 SF

      4390 Belle Oaks Dr

      OFFICE BUILDING • 25,932 SF
      4390 Belle Oaks Dr, North Charleston, SC 29405-8559
      View Details
    • Value Estimation by Request
      1,744 SF

      1691 Turnbull Ave

      OFFICE BUILDING • 1,744 SF
      1691 Turnbull Ave, North Charleston, SC 29405-1944
      View Details
    • Value Estimation
      $965,000
      4,984 SF

      3841 Rivers Ave

      OFFICE BUILDING • 4,984 SF
      3841 Rivers Ave, North Charleston, SC 29405-7059
      View Details
    • Value Estimation by Request
      0.46 Acres

      3963 Whipper Barony Ln

      OFFICE BUILDING • 0.46 Acres
      3963 Whipper Barony Ln, North Charleston, SC 29405-7162
      View Details

    Similar Nearby for Sale

    • $1,750,000
      7,200 SF

      Renovated Multi-Tenant Retail/Office Building

      7,200 SF renovated retail and office building for sale.
      1801 Reynolds Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing
      2,325 SF

      Renovated Office Building in Charleston

      Newly renovated office building in North Charleston's evolving business district.
      3265 N Carolina Ave, North Charleston, SC 29405
      View Details
    • $1,690,000
      5,763 SF

      North Charleston Office Building For Sale

      Office building with additional storage and parking in North Charleston.
      2320 Cosgrove Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing
      95,625 SF

      Class A Office Building

      Four-story office building in North Charleston's Executive Park.
      4000 Faber Place Dr, North Charleston, SC 29405
      View Details
    • $11,350,000
      50,000 SF

      College Classrooms For Sale

      College classrooms built in 2014, acquired in 2017.
      3800 Paramount Dr, 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

    Similar Nearby for Lease

    • $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
    • $180 SF/Yr
      29,000 SF

      Venture X Charleston Coworking Space

      Modern Coworking Suites in Charleston SC
      4900 O'hear Ave, North Charleston, SC 29405
      View Details
    • $14 SF/Yr
      9,335 SF

      North Charleston Commercial Space

      9,335 SF Flex Space - N. Charleston
      4662 Rivers Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing
      3,621 SF

      Charleston Office Space For Rent

      Office space available for lease in Charleston, SC.
      1630 Meeting Street Rd, Charleston, SC 29405
      View Details
    • $25 SF/Yr
      1,814 SF

      Modern Office Space For Rent

      Class A office building with on-site parking, near I-526.
      4130 Faber Place Dr N, 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.
    3346 Rivers Ave
    North Charleston, SC 29405-5715
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.