Multi-Building Industrial Warehouse
For Sale
Contact for pricing
108 Mitchell Drive, Summerville, SC 29483
Five-building warehouse portfolio with varied clear heights, loading doors, and additional land for outdoor storage or staging.
Property Size25,828 SF
Lot Size4.12 Acres
Price / SF$251.66
Days on Market167
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 108 Mitchell Drive
General Information
Standard status
Active
Size
25,828 SF
Class
B
Lot size
4.12 Acres
Property subtype
Industrial, Mixed Use
Zoning
LI
Investment Type
Value Add
Building Details
Year Built
1985
Buildings
5
Stories
1
Units
1
Listing Agency:
ALIGN'D PROPERTIES
Listed By:
Mary Beth Wichlei · License #SC 52280
Source:
Crexi
Added: May 2
Changed: Oct 15
Last Checked: Oct 14 at 8:10PM
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 ALIGN'D PROPERTIES
Investment Insights
Based on property information with market context.
This industrial warehouse portfolio comprises five buildings at 198 Thorpe Road, 116 Airport Road, 115 Airport Road, and 110 Airport Entrance Road in Summerville. Building areas range from ±1,498 SF to ±10,838 SF, with clear heights from ±10’4” to ±13’. Loading infrastructure includes multiple roll-up and vertical-fold doors, including a 13’ x 13’ door, 44’ x 9’ vertical-fold doors, and a 21’ x 10’4” opening. Building 3 is identified as Suite B, while Building 4 is identified as Suite A within the same parcel.
The portfolio also includes two additional parcels totaling ±0.22 acres. The land is identified for outdoor storage, equipment staging, or future expansion. The property is zoned LI, and the improvements were built in 1985.
The portfolio also includes two additional parcels totaling ±0.22 acres. The land is identified for outdoor storage, equipment staging, or future expansion. The property is zoned LI, and the improvements were built in 1985.
Key Highlights
- Five warehouse buildings across 198 Thorpe Road, 116 and 115 Airport Road, and 110 Airport Entrance Road
- Building areas range from ±1,498 SF to ±10,838 SF
- Clear heights span ±10’4” to ±13’
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$487,604
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,752,080
$9.8M
Cap Rate 7%
$6,965,771
$7.0M
Cap Rate 9%
$5,417,822
$5.4M
Market Conditions
NOI Build-Up for 25,828 SF
Gross rent
$598.2K $23.16/SF
− Vacancy
−$24.5K −$0.95/SF
EGI
$573.7K $22.21/SF
− OpEx
−$86.0K −$3.33/SF
NOI
$487.6K $18.88/SF
Area
Dorchester County, SC
Vacancy
4.10%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,752,080
Cap Rate 7%
$6,965,771
Cap Rate 9%
$5,417,822
Alternative Uses
Best Use
Warehouse
$6.97M
$6.10M – $8.13M
NOI $487,604 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.33M
$16.91M – $22.55M
NOI $1,353,027 @ 7.0% cap · market cap 20.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Well-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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- The Armstrong Company — 168 Portside Pk Dr A, Summerville, SC 29483
- AGRO Merchants Group — 1125 Newton Way, Summerville, SC 29483
Frequently Asked Questions
What type of property is this?
Warehouse - Five-building warehouse portfolio with varied clear heights, loading doors, and additional land for outdoor storage or staging.
Where is this warehouse located?
The property is located at 108 Mitchell Drive Summerville, SC.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Five warehouse buildings across 198 Thorpe Road, 116 and 115 Airport Road, and 110 Airport Entrance Road; Building areas range from ±1,498 SF to ±10,838 SF; Clear heights span ±10’4” to ±13’
