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

    3821 Montague Ave North Charleston, SC 29418

    • Commercial real estate
    • 2,347 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2025
    $860,000
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    7.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US77-0702002
    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 3821 Montague Ave

    Year built
    1959
    Lot size
    0.34 lot acres
    Property size
    2,347 SF
    Property type
    Commercial real estate
    APN
    408-16-00-028
    APU
    4081600028

    Description

    This ±2,347 square foot free-standing building in North Charleston, South Carolina, offers a unique blend of office and warehouse space, ideal for a variety of businesses. Situated on a 0.34-acre lot at 3821 W Montague Ave, near the intersection of W. Montague Ave and Dorchester Rd, this Class B property boasts excellent visibility and convenient access to I-526 (just one mile away). The building features one 8-foot roll-up door, ample parking, and is fully fenced for enhanced security. The property is zoned CRD (City of North Charleston), allowing for diverse uses. Currently occupied by a concrete contractor until February 28, 2025, this single-tenant building is available for sale or lease. Estimated Net, Net, Net (NNN) expenses are $5.48 per square foot, with tenant responsibility for HVAC maintenance, landscaping, utilities, and trash removal. The property's APN is 408-16-00-028, and it's located in Charleston County, South Carolina, zip code 29418. Seller financing options are available. This versatile property presents a compelling opportunity for owner-occupiers or investors seeking a strategically located flex space in a thriving area. The building's flexible layout caters to businesses requiring both office and warehouse functionality. The property's location provides easy access to major transportation routes, enhancing its appeal to a wide range of potential tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $863,000
      Market price range: $261k - $986k
      AI Estimate
      $849,000
      Market price range: $248k - $979k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $570,000
      Current use
      OFFICE BUILDING
      $1,245,000
      Change: +119% Conversion: Easy
      RETAIL STORES
      $805,000
      Change: +41% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0297
    Latitude
    32.8585
    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
    $9,767
    $0.00
    $0.00
    $28,740
    -
    $350,000
    $129,000
    $479,000

    Comparable in this City

    • Value Estimation by Request
      29.96 Acres

      7075 Cross County Rd, Unit 40068

      COMMERCIAL (GENERAL) • 29.96 Acres
      7075 Cross County Rd, North Charleston, SC 29418-3337
      View Details
    • Value Estimation by Request
      8.00 Acres

      Dorchester Rd

      COMMERCIAL (GENERAL) • 8.00 Acres
      Dorchester Rd, North Charleston, SC 29418
      View Details
    • Value Estimation by Request
      4.76 Acres

      3314 Biedler St

      COMMERCIAL (GENERAL) • 4.76 Acres
      3314 Biedler St, North Charleston, SC 29418-7427
      View Details
    • Value Estimation by Request
      0.96 Acres

      Patriot Blvd

      COMMERCIAL (GENERAL) • 0.96 Acres
      Patriot Blvd, North Charleston, SC 29418
      View Details
    • Value Estimation by Request
      1.51 Acres

      7350 Pepperdam Ave

      COMMERCIAL (GENERAL) • 1.51 Acres
      7350 Pepperdam Ave, North Charleston, SC 29418-8433
      View Details
    • Value Estimation by Request
      0.59 Acres

      Ashley Phosphate Rd

      COMMERCIAL (GENERAL) • 0.59 Acres
      Ashley Phosphate Rd, North Charleston, SC 29418
      View Details

    Similar Nearby for Sale

    • $599,000
      0.34 Acres

      West Montague Ave Commercial Land

      0.34-acre commercial lot, vacant, $599,000
      3648 Montague Ave, North Charleston, SC 29418
      View Details
    • Contact for pricing
      29.00 Acres

      Uptown Centre Point Land - 29 Acres

      Prime Commercial Land, North Charleston, SC
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $10,000,000
      12,002 SF

      Prime Commercial Land Opportunity

      Land and buildings for sale near Charleston International Airport.
      3520 W Montague Ave, North Charleston, SC 29418
      View Details
    • Contact for pricing
      13,700 SF

      Warehouse Space in Palmetto Park

      13,700 SF warehouse space with easy access and parking.
      3296 Ashley Phosphate Rd, North Charleston, SC 29418
      View Details
    • $895,000
      10,000 SF

      North Charleston Office Investment Opportunity

      10,000 SF office space in a vibrant community.
      3325 Ashley Phosphate Rd, North Charleston, SC 29418
      View Details
    • $39,342,600
      48,000 SF

      Retail Property with Mini Golf

      Retail property featuring a 9-hole mini golf course.
      5090 International Blvd, North Charleston, SC 29418
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,650 SF

      Charleston Industrial Portfolio

      Four Buildings, 41,650 SF, 8 Acres
      139 Hanniford Dr, Charleston, SC 29418
      View Details
    • Contact for pricing
      784,080 SF

      Charleston Industrial Land for Sale

      Heavy Industrial Land, Zoned M-2
      7101 Bryhawke Cir, North Charleston, SC 29418
      View Details
    • $19 SF/Yr
      6,000 SF

      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
      5264 International Blvd, North Charleston, SC 29418
      View Details
    • $24 SF/Yr
      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
    • $7,500 /Mo

      Industrial Outdoor Storage Land Available

      Industrial land for lease in North Charleston, SC.
      Calvin St, North Charleston, SC 29418
      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.
    3821 Montague Ave
    North Charleston, SC 29418
    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.