Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5154 Rhett Ave North Charleston, SC 29405
    Back to Search
    Property profile & analytics

    5154 Rhett Ave North Charleston, SC 29405

    View on Map
    • Parking lots & garages
    • 0.45 lot acres
    For Sale
    $1,000,000
    View Listing →
    Park Circle Land For Sale For Sale
    $1,000,000

    Park Circle Land For Sale

    1.85 AC of B-1 Zoned land near Park Circle.

    5154 N Rhett Avenue, North Charleston, SC 29405
    View Listing
    Property ID
    US77-1310194
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 5154 Rhett Ave

    Lot size
    0.45 lot acres
    Property type
    Parking lots & garages
    APN
    471-08-00-113
    APU
    4710800113

    Description

    This exceptional 1.85-acre commercial land parcel, located at 5154 N Rhett Ave in North Charleston, South Carolina (zip code 29405, APN 4710800114), presents a unique investment opportunity. Zoned B1 - General Business, this property offers a multitude of potential uses within the city of North Charleston. Conveniently situated off I-526, near the Park Circle neighborhoods, it boasts high traffic counts and excellent visibility due to its location at the North Rhett Ave exit, just two exits before the Don Holt Bridge and Clements Ferry Rd/Daniel Island. The property benefits from easy access to the Mark Clark Expressway, enhancing its appeal for businesses requiring convenient transportation links. The site previously housed a gas station and features an existing open parking area and cement lot. Comprising two parcels, this property is available for sale for $1,000,000 or lease. Its strategic location and flexible zoning make it an ideal choice for a variety of commercial ventures. A site visit is highly recommended to fully appreciate its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9849
    Latitude
    32.8918
    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
    $1,357
    $0.00
    $0.00
    $4,500
    -
    $75,000
    $0.00
    $75,000

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      Rivers Ave

      PARKING LOT • 0.13 Acres
      Rivers Ave, North Charleston, SC 29405
      View Details
    • Value Estimation
      $9,445,000
      3,372 SF

      Ohear Ave

      PARKING LOT • 3,372 SF
      Ohear Ave, North Charleston, SC 29405
      View Details
    • Value Estimation
      $5,545,000
      1,200 SF

      1810 Success St

      PARKING LOT • 1,200 SF
      1810 Success St, North Charleston, SC 29405-7845
      View Details
    • Value Estimation by Request
      0.07 Acres

      3436 Rivers Ave

      PARKING LOT • 0.07 Acres
      3436 Rivers Ave, North Charleston, SC 29405-7743
      View Details
    • Value Estimation by Request
      0.11 Acres

      3023 Meeting St Rd

      PARKING LOT • 0.11 Acres
      3023 Meeting St Rd, North Charleston, SC 29405-7954
      View Details
    • Value Estimation by Request
      6.22 Acres

      Azalea Dr

      PARKING LOT • 6.22 Acres
      Azalea Dr, North Charleston, SC 29405
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1813 Reynolds Ave, North Charleston, SC 29405

      Restaurants
      1813 Reynolds Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing

      Charleston Opportunity Zone Properties

      Two properties in a transforming Charleston district, income in place.
      1813 N Carolina Ave, Charleston, SC 29405
      View Details
    • Contact for pricing
      7,200 SF

      Renovated Multi-Tenant Retail/Office Building

      7,200 SF renovated retail and office building for sale.
      1801 Reynolds Ave, North Charleston, SC 29405
      View Details
    • $799,000
      2,084 SF

      Appleyard 572-1-101: Flex Warehouse Space

      Prime Leon County warehouse, showroom, & offices.
      2122 Cosgrove Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing
      79,000 SF

      Food Lion & CVS Anchored

      Shopping center anchored by Food Lion and CVS in Charleston.
      4400 Dorchester Rd, North Charleston, SC 29405
      View Details
    • $6,500,000

      Navy Yard Redevelopment Opportunity

      Mixed-use redevelopment opportunity in North Charleston's Navy Yard.
      1975 N Hobson Ave, North Charleston, SC 29405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,285 SF

      Adaptive Reuse Retail/Office Space

      Historic warehouse architecture with modern design in Charleston's NoMo.
      1505 King St, Charleston, SC 29405
      View Details
    • Contact for pricing
      1,058 SF

      Retail-Warehouse Space on Meeting Street

      Versatile retail and warehouse space in a prime location.
      2039 Meeting Street Rd, North Charleston, SC 29405
      View Details
    • $35 SF/Yr
      1,800 SF

      Freestanding Building in Park Circle

      1,800 SF building for lease in Park Circle.
      1084 E Montague Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing

      Move-In Ready Flex/Retail Space

      Flex/retail space with easy access to major routes.
      1928 E Montague Ave, North Charleston, SC 29405
      View Details
    • Contact for pricing

      Rivers Avenue Multi-Tenant Business Park

      Multi-tenant business park suitable for retail, flex, and showroom.
      4540 Rivers Ave, North Charleston, SC 29405
      View Details
    View Listing
    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.
    5154 Rhett Ave
    North Charleston, SC 29405
    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

    Thank You for Inquiry
    5154 Rhett Ave, North Charleston, SC, 29405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!