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    Property profile & analytics

    415 Jessen Ln Charleston, SC 29492

    • Industrial properties
    • 23,532 SF
    • 2.10 lot acres
    For Lease
    View listing
    Last Sale
    Feb 11, 2021
    $2,800,000
    Value Estimations
    $2,815,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0132575
    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

    • Industrial properties

    Property Details for 415 Jessen Ln

    Year built
    1996
    Lot size
    2.10 lot acres
    Property size
    23,532 SF
    Zone code
    BERKELEY COUNTY - HI
    Property type
    Industrial properties
    APN
    267-00-00-079
    APU
    2670000079

    Description

    This exceptional 22,297-square-foot Class A industrial warehouse, located at 415 Jessen Lane in Charleston, South Carolina, presents a significant leasing opportunity. Situated on a 2.1-acre lot in the Outlying Berkeley County submarket, this single-tenant building boasts a desirable combination of features ideal for distribution, warehousing, or flex operations. Built in 1996 and extensively renovated in 2009, the property offers a 23'4" clear ceiling height, providing ample vertical storage space. The warehouse features two 9' x 9' loading docks equipped with 20,000 lb levelers, and a 10' x 10' drive-in door, ensuring efficient loading and unloading. Ample power is provided by an 800-amp service. The property also includes 3,877 square feet of office space and 17 total parking spaces. The zoning is Heavy Industrial (Berkeley County), and the property's APN is 267-00-00-079. With 0.75 acres of undeveloped land, there is potential for expansion or laydown yard use. Taxes are $2.06 per square foot. The property is conveniently located near Clements Ferry Road and has easy access to major transportation arteries. This fully conditioned warehouse is ready for immediate occupancy. The property is zoned for Heavy Industrial use within Berkeley County, SC, and has a zip code of 29492.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,775,000
      ML approach
      $2,880,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,240,000
      6.5%
      $3,915,000
      7%
      $3,635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,106,000
      Market price range: $470k - $3.11M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,015,000
      Current use
      AUTO REPAIR, GARAGE
      $4,070,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wando
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9175
    Latitude
    32.9022
    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
    $46,683
    $59,579
    $136,270
    $195,849
    -
    $997,500
    $2,281,500
    $3,279,000

    Comparable in this City

    • Value Estimation by Request
      2.82 Acres

      Forrest Dr

      Land • 2.82 Acres
      0 Forrest Dr, Charleston, SC 29492
      View Details
    • Value Estimation
      $7,210,000
      87,560 SF

      1023 Legrand Blvd

      INDUSTRIAL (GENERAL) • 87,560 SF
      1023 Legrand Blvd, Wando, SC 29492-7673
      View Details
    • Value Estimation
      $6,860,000
      84,680 SF

      1028 Legrand Blvd

      INDUSTRIAL (GENERAL) • 84,680 SF
      1028 Legrand Blvd, Wando, SC 29492-7672
      View Details
    • Value Estimation by Request
      26,250 SF

      1888 Clements Ferry Rd

      Distribution properties • 26,250 SF
      1888 Clements Ferry Rd, Charleston, SC 29492
      View Details
    • Value Estimation by Request
      4,060 SF

      116 Thomas Cary Ct

      Flex space • 4,060 SF
      116 Thomas Cary Ct, Wando, SC 29492
      View Details
    • Value Estimation by Request
      8.00 Acres

      Clements Ferry Rd

      Land • 8.00 Acres
      0 Clements Ferry Rd, Charleston, SC 29492
      View Details

    Similar Nearby for Sale

    • $275,000
      2.82 Acres

      Charleston Industrial Land - 2.82 Acres

      Prime Charleston industrial land, ideal for development.
      0 Forrest Dr, Charleston, SC 29492
      View Details
    • $5,400,000
      23,532 SF

      Industrial Warehouse with Expansion Potential

      23,532 SF industrial warehouse on 2.10 acres for sale.
      415 Jessen Ln, Charleston, SC 29492
      View Details
    • Contact for pricing
      23,532 SF

      Industrial Warehouse with Undeveloped Land

      23,532 SF industrial warehouse on 2.10 acres for sale.
      415 Jessen Ln, Charleston, SC 29492
      View Details
    • $5,400,000
      23,532 SF

      Wando Industrial Warehouse with Expansion

      23,532 SF industrial warehouse on 2.10 acres for sale.
      415 Jessen Ln, Wando, SC 29492
      View Details
    • $500,000

      Office Space on Clements Ferry

      Office property available for sale on Clements Ferry Road.
      Clements Ferry Rd, Charleston, SC 29492
      View Details
    • Contact for pricing
      2,300 SF

      Daniel Island Office Space Available

      Class A office suite in desirable Daniel Island location.
      240 Seven Farms Dr, Charleston, SC 29492
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,800 SF

      Flex Warehouse Space For Rent

      Flex warehouse space in Charleston, SC, with dock high loading.
      420 Brandam Ln, Wando, SC 29492
      View Details
    • $21 SF/Yr
      21,600 SF

      Flex Space with Truck Dock

      Flex space available for lease with convenient truck dock access.
      420 Brandam Ln, Charleston, SC 29492
      View Details
    • Contact for pricing
      310,000 SF

      Industrial Building Near Charleston Terminals

      310,000 SF industrial building with access to major highways.
      1075 Jack Primus Rd, Wando, SC 29492
      View Details
    • Contact for pricing
      250,000 SF

      Charleston Industrial Space for Lease

      Flexible Office & Warehouse Space in Charleston, SC
      1301 Charleston Regional Pkwy, Charleston, SC 29492
      View Details
    • Contact for pricing
      310,000 SF

      Charleston Industrial Warehouse Lease

      310,000 SF Warehouse, Prime Location
      1075 Jack Primus Rd, Charleston, SC 29492
      View Details
    • $12 SF/Yr
      42,500 SF

      Warehouse and Office Space Available

      Warehouse and office space with expansion potential for lease.
      2301 Charleston Regional Pkwy, Charleston, SC 29492
      View Details
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    415 Jessen Ln
    Charleston, SC 29492
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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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