Industrial Warehouse Off Airport
For Sale
Contact for pricing
110 AIRPORT ENTRANCE RD, Summerville, SC 29483
Warehouse for sale near major transportation routes, with connectivity to Interstate 26 and Jedburg Road.
Property Size5,881 SF
Lot Size0.89 Acres
Price / SF$249.96
Days on Market130
Property Features for 110 AIRPORT ENTRANCE RD
General Information
Standard status
Active
Size
5,881 SF
Lot size
0.89 Acres
Property subtype
Industrial
Zoning
LI
Investment Type
Value Add
Additional Details
Highway Access
Yes
Building Details
Year Built
1997
Stories
1
Units
1
Listing Agency:
ALIGN'D PROPERTIES
Listed By:
Mary Beth Wichlei · License #SC 52280
Source:
Crexi
Added: May 2
Changed: Sep 1
Last Checked: Sep 8 at 8:28AM
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.
Warehouse property for sale at 110 Airport Entrance Rd in Summerville, South Carolina, offering industrial space within the Charleston-area logistics corridor. The property totals 5,881 square feet and is presented as a portfolio opportunity based on its access to regional transportation and employment drivers.
The location provides proximity to Interstate 26 (110,000 VPD) and additional connectivity via Jedburg Road (11,380 VPD) and Highway 78 (16,000 VPD), supporting both regional distribution and last-mile access. The surrounding area is described as being near major employers and industrial users within a 10–100 mile radius, including Charleston International Airport, Boeing, Mercedes-Benz Vans, South Carolina Ports Authority, Bosch, Shimano, and WABCO.
Within the same broader market area, the remarks also reference large industrial and distribution users such as Volvo Cars, Redwood Materials, Amazon, and Walmart Distribution Center, along with nearby residential and employment centers including Cane Bay and Nexton.
The location provides proximity to Interstate 26 (110,000 VPD) and additional connectivity via Jedburg Road (11,380 VPD) and Highway 78 (16,000 VPD), supporting both regional distribution and last-mile access. The surrounding area is described as being near major employers and industrial users within a 10–100 mile radius, including Charleston International Airport, Boeing, Mercedes-Benz Vans, South Carolina Ports Authority, Bosch, Shimano, and WABCO.
Within the same broader market area, the remarks also reference large industrial and distribution users such as Volvo Cars, Redwood Materials, Amazon, and Walmart Distribution Center, along with nearby residential and employment centers including Cane Bay and Nexton.
Key Highlights
- Year built 1997
- Near Interstate 26 with approx. 110,000 VPD
- Close to Jedburg Road with approx. 11,380 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,027
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,220,540
$2.2M
Cap Rate 7%
$1,586,100
$1.6M
Cap Rate 9%
$1,233,633
$1.2M
Market Conditions
NOI Build-Up for 5,881 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$136.2K $23.16/SF
− Vacancy
−$5.6K −$0.95/SF
EGI
$130.6K $22.21/SF
− OpEx
−$19.6K −$3.33/SF
NOI
$111.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,220,540
Cap Rate 7%
$1,586,100
Cap Rate 9%
$1,233,633
Alternative Uses
Best Use
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,027 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $308,082 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- Climate Masters Indoor Storage — 2745 W 5th N St, Summerville, SC 29483
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse for sale near major transportation routes, with connectivity to Interstate 26 and Jedburg Road.
Where is this warehouse located?
The property is located at 110 AIRPORT ENTRANCE RD Summerville, SC.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: Year built 1997; Near Interstate 26 with approx. 110,000 VPD; Close to Jedburg Road with approx. 11,380 VPD
