Renovated Office
For Sale
Contact for pricing
107 W 5th North St, Summerville, SC 29483
Renovated office building with on-site surface parking and potential for individual floor leasing.
Property Size6,578 SF
Price / SF$241.71
Days on Market598
Property Features for 107 W 5th North St
General Information
Standard status
Active
Size
6,578 SF
Property subtype
OFFICE
Listing Agency:
Roadstead Real Estate Advisors LLC
(843) 577-7732
Listed By:
Geoffrey L Groat, Jr
(843) 442-0328
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:07PM
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 Roadstead Real Estate Advisors LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building offers a brand new ground floor renovation and includes on-site surface parking. The layout provides flexibility with potential to lease each floor individually.
The property is conveniently located less than one block from Main Street and is near major banks and numerous Summerville restaurants.
With renovated office space and practical parking on site, the building is suited for office users seeking a multi-floor configuration and the option to control space by level.
The property is conveniently located less than one block from Main Street and is near major banks and numerous Summerville restaurants.
With renovated office space and practical parking on site, the building is suited for office users seeking a multi-floor configuration and the option to control space by level.
Key Highlights
- Brand new ground floor renovation
- On‑site surface parking included
- Potential to lease each floor individually
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,671
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,420
$2.6M
Cap Rate 7%
$1,866,729
$1.9M
Cap Rate 9%
$1,451,900
$1.5M
Market Conditions
NOI Build-Up for 6,578 SF
Gross rent
$195.8K $29.76/SF
− Vacancy
−$21.5K −$3.27/SF
EGI
$174.2K $26.49/SF
− OpEx
−$43.6K −$6.62/SF
NOI
$130.7K $19.86/SF
Area
Dorchester County, SC
Vacancy
11.00%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,420
Cap Rate 7%
$1,866,729
Cap Rate 9%
$1,451,900
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,671 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.31M – $5.74M
NOI $344,595 @ 7.0% cap · market cap 21.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,011
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated office building with on-site surface parking and potential for individual floor leasing.
Where is this office unit located?
The property is located at 107 W 5th North St Summerville, SC.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Brand new ground floor renovation; On‑site surface parking included; Potential to lease each floor individually
