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

    342 King St Charleston, SC 29401-1440

    • Commercial real estate
    • 1,804 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $2,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0308433
    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

    • Vom Fass / Specialty Food Shop / Wine and Liquor Store

    Property Details for 342 King St

    Year built
    1850
    Lot size
    0.04 lot acres
    Property size
    1,804 SF
    Property type
    Commercial real estate
    APN
    457-04-02-011
    APU
    4570402011

    Description

    This exceptional retail property, located at 342 King Street in the heart of Charleston, South Carolina, presents a unique leasing opportunity. The building, constructed in 1850, boasts a total of 1,684 square feet of commercial space, currently entirely vacant and ready for immediate occupancy. Situated on the first floor, this space offers high visibility and accessibility within Charleston's renowned King Street shopping district, between George and Calhoun Streets. The property's prime location ensures significant foot traffic and exposure to a large customer base. With its rich history and desirable location, this property is ideal for a variety of retail businesses seeking a prominent presence in one of the nation's top retail markets. The property's APN is 457-04-02-011 and is located in Charleston County, South Carolina, zip code 29401. The building's historical character provides a unique and attractive setting for a discerning tenant. This is a rare chance to establish a business in a highly sought-after location with significant potential for growth and success. The entire 1,684 square feet is available for lease. This property offers a blend of historical charm and modern convenience, making it an unparalleled opportunity for a retail business seeking a prestigious address in Charleston's vibrant downtown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,241,000
      Market price range: $765k - $2.24M
      AI Estimate
      $2,241,000
      Market price range: $765k - $2.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9353
    Latitude
    32.7847
    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
    $33,683
    $0.00
    $0.00
    $117,730
    -
    $550,000
    $1,950,000
    $2,500,000

    Comparable in this City

    • Value Estimation by Request
      14,922 SF

      170 Meeting Street Rd

      Office space • 14,922 SF
      170 Meeting Street Rd, Charleston, SC 29401
      View Details
    • Value Estimation by Request
      0.11 Acres

      42 Bay St

      COMMERCIAL (GENERAL) • 0.11 Acres
      42 Bay St, Charleston, SC 29401-2547
      View Details
    • Value Estimation by Request
      3.00 Acres

      246 Bay St

      COMMERCIAL (GENERAL) • 3.00 Acres
      246 Bay St, Charleston, SC 29401-2606
      View Details
    • Value Estimation
      $7,445,000
      16,988 SF

      35 Prioleau St

      COMMERCIAL (GENERAL) • 16,988 SF
      35 Prioleau St, Charleston, SC 29401-2110
      View Details
    • Value Estimation
      $2,460,000
      5,148 SF

      2 Queen St

      COMMERCIAL (GENERAL) • 5,148 SF
      2 Queen St, Charleston, SC 29401-2111
      View Details
    • Value Estimation
      $845,000
      680 SF

      16 Fulton St

      COMMERCIAL (GENERAL) • 680 SF
      16 Fulton St, Charleston, SC 29401-1921
      View Details

    Similar Nearby for Sale

    • $3,650,000
      2,890 SF

      Turn-Key Restaurant in Historic District

      Restaurant opportunity in downtown Charleston's historic French Quarter District.
      5 Cumberland St, Charleston, SC 29401
      View Details
    • Contact for pricing

      Land Available on East Bay

      Land for sale located on East Bay Street, Charleston.
      174 East Bay St, Charleston, SC 29401
      View Details
    • New
      $3,600,000
      3,092 SF

      Renovated Charleston Duplex with Charm

      Historic Charleston duplex with modern luxury and income potential.
      63 Montagu St, Charleston, SC 29401
      View Details
    • $3,400,000
      3,355 SF

      King Street Retail Investment

      Charleston SC: Upscale Retail Investment
      345 King St, Charleston, SC 29401
      View Details
    • $19,500,000
      71,414 SF

      Charleston Office Building For Sale

      Office building in Charleston, South Carolina with major tenants.
      118-134 Meeting St, Charleston, SC 29401
      View Details
    • Contact for pricing
      57,420 SF

      Downtown Charleston Office Suites

      Office suites available in downtown Charleston's office and retail district.
      180 Meeting Street Rd, Charleston, SC 29401
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      123,005 SF

      Charleston Gateway Campus: Premier Office Space

      Executive Suites, 14 Spaces Available
      40 Calhoun St, Charleston, SC 29401
      View Details
    • $22 SF/Yr
      16,816 SF

      Charleston Historic District Office Space

      Prestigious Office Suites, Harbor Views
      2 Cumberland St, Charleston, SC 29401
      View Details
    • $84 SF/Yr
      14,922 SF

      Prime Charleston Office Space

      Modern Executive Suites & Coworking
      170 Meeting Street Rd, Charleston, SC 29401
      View Details
    • $39 SF/Yr
      21,041 SF

      Prime Charleston Executive Office Space

      A-Class Office Suites, 5,000-21,041 SF
      100 Calhoun St, Charleston, SC 29401
      View Details
    • Contact for pricing

      Historic French Quarter Office Space

      Charming 2,400 SF office in Charleston's French Quarter.
      46A Lodge Aly, Charleston, SC 29401
      View Details
    • $45 SF/Yr
      3,641 SF

      Prime Retail Space on George

      Retail space for lease in downtown Charleston near King Street.
      51 George St, Charleston, SC 29401
      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.
    342 King St
    Charleston, SC 29401-1440
    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.