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    5012 Rivers Ave North Charleston, SC 29406-6304

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    Property profile & analytics

    5012 Rivers Ave North Charleston, SC 29406-6304

    View on Map
    • Retail space
    • 1,479 SF
    • 0.63 lot acres
    Off-Market
    Last Sale Mar 7, 2025
    $600,000
    Property ID
    US77-2981070
    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
    $575,000
    Show details
    Cap Rate Potential
    2.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 5012 Rivers Ave

    Year built
    1968
    Lot size
    0.63 lot acres
    Property size
    1,479 SF
    Property type
    Retail space
    APN
    472-16-00-307
    APU
    4721600307

    Description

    This exceptional 1,479 square foot executive office building, situated on a 0.63-acre lot in North Charleston, South Carolina, presents a compelling investment opportunity. Currently configured as a convenience store/bar/restaurant, the property offers significant redevelopment potential. The building boasts 130 feet of frontage on Rivers Avenue and a depth of approximately 208 feet, providing ample space for various uses. Its strategic location just down from the existing MUSC facility on Rivers Avenue and near the upcoming Roper Hospital facility on Mall Drive ensures high visibility and accessibility. The seller will vacate the premises upon closing, making it immediately available for the new owner. This property offers a unique chance to capitalize on a prime location in a rapidly growing area. Furthermore, a contiguous site next door, located at the corner of Rivers Avenue and Fuller Street, is also available for purchase, presenting an opportunity to expand the footprint of the development. The property's zoning and potential uses should be verified independently. The asking price for this exceptional property is $600,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $554,000
      Market price range: $248k - $1000k
      AI Estimate
      $554,000
      Market price range: $248k - $1000k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $510,000
      Current use
      OFFICE BUILDING
      $785,000
      Change: +55% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0078
    Latitude
    32.8842
    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
    $6,623
    $0.00
    $0.00
    $19,460
    -
    $273,000
    $138,100
    $411,100

    Comparable in this City

    • Value Estimation
      $830,000
      3,000 SF

      6917 Stall Rd, Unit C

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      6917 Stall Rd, Charleston, SC 29406-4416
      View Details
    • Value Estimation
      $2,590,000
      14,600 SF

      5300 Rivers Ave Ste, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 14,600 SF
      5300 Rivers Ave Ste, North Charleston, SC 29406-6219
      View Details
    • Value Estimation
      $4,010,000
      14,668 SF

      8261 Rivers Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,668 SF
      8261 Rivers Ave, North Charleston, SC 29406-9202
      View Details
    • Value Estimation
      $1,850,000
      21,727 SF

      5550 Rivers Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,727 SF
      5550 Rivers Ave, North Charleston, SC 29406-6131
      View Details
    • Value Estimation
      $3,225,000
      11,664 SF

      8333 Rivers Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,664 SF
      8333 Rivers Ave, North Charleston, SC 29406-9204
      View Details
    • Value Estimation
      $2,105,000
      24,000 SF

      8510 Rivers Ave, Unit 103

      RETAIL STORES (PERSONAL SERVICES) • 24,000 SF
      8510 Rivers Ave, North Charleston, SC 29406-9266
      View Details

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      Highly Visible Flex Space

      Flex space with high visibility, suitable for owner/user.
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      Retail Property in Hanahan, SC

      11,332 SF retail property on 1.42 acres for sale.
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    • $900,000
      0.80 Acres

      Multifamily Development Opportunity Near Park Circle

      0.8-acre corner lot zoned R-2 for multifamily development.
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    Similar Nearby for Lease

    • $17 SF/Yr
      1,600 SF

      Retail Space on Rivers Avenue

      Retail space available in a busy Charleston strip center.
      8510 Rivers Ave, Charleston, SC 29406
      View Details
    • $32 SF/Yr
      1,200 SF

      Retail/Office Space Near MUSC Health

      Vanilla shell space ideal for retail or office use.
      8988 University Blvd, N Charleston, SC 29406
      View Details
    • $21 SF/Yr
      2,404 SF

      Retail/Office Space Near I-526

      900 SF retail/office space with easy highway access.
      1415 Remount Rd, North Charleston, SC 29406
      View Details
    • Contact for pricing

      Charleston Flex-Units with Utilities Included

      Industrial mixed-use flex units with utilities included, convenient location.
      6548 Ward Ave, Charleston, SC 29406
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      Rivers Avenue Renovated Flex Space

      Renovated flex space available on highly traveled retail strip.
      5640 Rivers Ave, Charleston, SC 29406
      View Details
    • Contact for pricing

      Retail Space on Rivers Avenue

      Retail space available in North Charleston's prime retail corridor.
      5900 Rivers Ave, North Charleston, SC 29406
      View Details
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    5012 Rivers Ave
    North Charleston, SC 29406-6304
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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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