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    3600 Rivers Ave North Charleston, SC 29405-7747
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    Property profile & analytics

    3600 Rivers Ave, North Charleston, SC 29405-7747

    View on Map
    • Office buildings
    • 29,568 SF
    • 11.98 lot acres
    Off-Market
    Last Sale Jan 12, 2021
    Property ID
    US77-1476301
    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
    $9,775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 3600 Rivers Ave

    Year built
    1970
    Lot size
    11.98 lot acres
    Property type
    Office buildings
    APN
    469-07-00-001
    APU
    4690700001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2020 $7,500,000 Navy Hospital Partners LP Charleston County Grant Deed —
    Nov 9, 2017 $33,000,000 Charleston County Chicora Life Center Lc Quit Claim Deed · related —
    Jun 17, 2016 — Chicora Life Center Lc — Deed · related $5.3M · Antion Fin'l Lc
    May 11, 2016 — Chicora Life Center Lc — Deed · related $5.2M · Antion Fin'l Lc
    Aug 28, 2014 — Chicora Life Center Lc Chicora Gardens Holdings LLC Quit Claim Deed · related $10.9M · Ucf I Trust 1 (ct)
    Aug 28, 2014 $5,000,000 Chicora Gardens Holdings LLC City Of N Charleston Grant Deed · related —
    Jan 17, 2014 $5,000,000 Chicora Gardens Holdings LLC City Of N Charleston Grant Deed · related $3.8M · Antion Financial Lc
    Sep 25, 2013 — City Of N Charleston Charleston County Quit Claim Deed · related —
    Dec 20, 2012 $2,000,000 City Of North Charleston Us Of America Quit Claim Deed · related —
    — — Chicora Life Center Lc — Loan Modification · related $13.9M · * Other Institutional Lenders
    — — Chicora Life Center Lc — Loan Modification · related $4.8M · Antion Fin'l Lc
    — — Chicora Life Center Lc — Loan Modification · related $5.2M · Antion Fin'l Lc
    — — Chicora Life Center Lc — Loan Modification · related $5.3M · Antion Fin'l Lc

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,221,000
      Market price range: $6.45M - $18.1M
      AI Estimate
      $8,324,000
      Market price range: $4.68M - $13.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,220,000
      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
    -79.9791
    Latitude
    32.8578
    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
    $5,305
    $0.00
    $0.00
    $0.00
    -
    $4,750,000
    $2,750,000
    $7,500,000

    Comparable in this City

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

      1900 Mcmillan Ave

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

      4000 Salt Pointe Pkwy

      OFFICE BUILDING
      4000 Salt Pointe Pkwy, North Charleston, SC 29405-8419
      View Details
    • Value Estimation by Request
      1,744 SF

      1691 Turnbull Ave

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

      3841 Rivers Ave

      OFFICE BUILDING
      3841 Rivers Ave, North Charleston, SC 29405-7059
      View Details
    • Value Estimation
      $17,700,000
      25,932 SF

      4390 Belle Oaks Dr

      OFFICE BUILDING
      4390 Belle Oaks Dr, North Charleston, SC 29405-8559
      View Details
    • Value Estimation
      $3,860,000
      11,681 SF

      1800 Reynolds Ave

      OFFICE BUILDING
      1800 Reynolds Ave, North Charleston, SC 29405-7871
      View Details

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      North Charleston Office Building For Sale

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      16,000 SF

      North Charleston Industrial Redevelopment Opportunity

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    Similar Nearby for Lease

    • $27 SF/Yr
      10,092 SF

      Ashley Riverview Center Office Space

      Multi-tenant office building with Ashley River views and easy access.
      4401 Belle Oaks Dr, North Charleston, SC 29405
      View Details
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      7,150 SF

      Office Building Near Charleston Amenities

      Three-story office building near I-26 and I-526.
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      33,475 SF

      Freestanding Office Building For Lease

      33,475 SF office building with superior access to amenities.
      4360 Corporate Rd N, Charleston, SC 29405
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    • $34 SF/Yr
      8,452 SF

      Class A Office Space Available

      Four-story, 102,024 SF Class A office building for lease.
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      View Details
    • Contact for pricing

      Renovated Class A Office Building

      Three-story office building with high-end finishes, available April 2026.
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      View Details
    • $25 SF/Yr
      15,224 SF

      Class A Office Building

      Class A office building with common area upgrades and efficient layouts.
      3875 Faber Place Dr, North Charleston, SC 29405
      View Details
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    North Charleston, SC 29405-7747
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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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