Flex Building with Included
For Sale
$750,000
Pending
106 W Butternut Road, Summerville, SC 29483
Existing improvements and a substantial inventory of construction-related items convey with the property, excluding vehicles.
Property Size3,000 SF
Days on Market91
Property Features for 106 W Butternut Road
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1991
Listing Agency:
Coldwell Banker Realty
Listed By:
Michael Todd · License #6761
Source:
Thecassinagroup
Added: Jul 18
Changed: Sep 14
Last Checked: Oct 16 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This flex property includes a 3,000-square-foot building constructed in 1991, along with a substantial quantity of personal property and construction-related materials. Items associated with the conveyance include ladders, shelving, toolboxes, tools, and other contractor equipment. A container also holds household furniture. The vehicles on site are excluded from the sale.
Located at 106 W Butternut Road in Summerville, the property combines the building and land with an extensive collection of stored contents. The available inventory may be relevant to a purchaser seeking existing construction equipment, storage fixtures, and assorted operational materials in place.
Located at 106 W Butternut Road in Summerville, the property combines the building and land with an extensive collection of stored contents. The available inventory may be relevant to a purchaser seeking existing construction equipment, storage fixtures, and assorted operational materials in place.
Key Highlights
- 3,000‑square‑foot flex building
- Constructed in 1991
- Ladders, shelving, toolboxes, and tools convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,144
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,880
$1.3M
Cap Rate 7%
$916,343
$916.3K
Cap Rate 9%
$712,711
$712.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$110.9K $36.96/SF
− Vacancy
−$12.2K −$4.07/SF
EGI
$98.7K $32.89/SF
− OpEx
−$34.5K −$11.51/SF
NOI
$64.1K $21.38/SF
Area
Dorchester County, SC
Vacancy
11.00%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,880
Cap Rate 7%
$916,343
Cap Rate 9%
$712,711
Alternative Uses
Best Use
Flex RnD
$916.3K
$801.8K – $1.07M
NOI $64,144 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$666.3K
$583.0K – $777.4K
NOI $46,642 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$2.25M
$1.96M – $2.62M
NOI $157,158 @ 7.0% cap · market cap 20.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29483, SC
56,778
Population
23,133
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
53.3 sq mi
ZIP Area
1,065
Density / Sq Mi
$82,194
Median Household Income
$42,929
Median Earnings
$1,220
Median Rent
$303,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Existing improvements and a substantial inventory of construction-related items convey with the property, excluding vehicles.
Where is this flex space located?
The property is located at 106 W Butternut Road Summerville, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex building; Constructed in 1991; Ladders, shelving, toolboxes, and tools convey
