Office Units with Fenced
For Sale
Contact for pricing
111 Welch Street, Saint Stephen, SC 29479
The flexible layout includes private offices, administrative space, storage, kitchen facilities, and multiple half baths.
Property Size2,134 SF
Price / SF$164.01
Days on Market169
Property Features for 111 Welch Street
General Information
Standard status
Active
Size
2,134 SF
Property subtype
Office, Mixed Use, Special Purpose
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Listing Agency:
Modern + Main Realty, LLC
Listed By:
Jennifer Lusk · License #61809
Source:
Crexi
Added: May 2
Changed: Oct 2
Last Checked: Oct 16 at 8:42AM
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 Modern + Main Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,134-square-foot office property, completed in 1990, offers a practical arrangement for professional operations. The interior includes a reception area, 3–4 private offices, a separate administrative office, storage closets, a lounge or additional office area, a kitchen, and three half baths.
Exterior features include a fenced backyard positioned apart from the side lot and parking area. The property sits within town limits, approximately one block from Highway 52, providing convenient access to the surrounding community. Its configuration may accommodate office, daycare, professional-service, or other commercial applications subject to town approval.
Exterior features include a fenced backyard positioned apart from the side lot and parking area. The property sits within town limits, approximately one block from Highway 52, providing convenient access to the surrounding community. Its configuration may accommodate office, daycare, professional-service, or other commercial applications subject to town approval.
Key Highlights
- 2,134‑square‑foot office property built in 1990
- 3–4 private offices plus a dedicated administrative office
- Reception area, lounge or additional office, kitchen, storage closets, and three half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,809
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,180
$576.2K
Cap Rate 7%
$411,557
$411.6K
Cap Rate 9%
$320,100
$320.1K
Market Conditions
NOI Build-Up for 2,134 SF
Gross rent
$51.2K $24.00/SF
− Vacancy
−$5.1K −$2.40/SF
EGI
$46.1K $21.60/SF
− OpEx
−$17.3K −$8.10/SF
NOI
$28.8K $13.50/SF
Area
Berkeley County, SC
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,180
Cap Rate 7%
$411,557
Cap Rate 9%
$320,100
Alternative Uses
Best Use
Mixed Use
$411.6K
$360.1K – $480.2K
NOI $28,809 @ 7.0% cap · market cap 8.23%
Second Best
Office B
$408.1K
$357.1K – $476.2K
NOI $28,569 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$577.5K
$505.3K – $673.8K
NOI $40,425 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 29479, SC
6,598
Population
2,804
Households
2.4
Avg Household Size
44
Median Age
13%
College-Educated
85%
High-School Grad
90.8 sq mi
ZIP Area
73
Density / Sq Mi
$48,245
Median Household Income
$36,250
Median Earnings
$878
Median Rent
$104,900
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 units - The flexible layout includes private offices, administrative space, storage, kitchen facilities, and multiple half baths.
Where is this office units located?
The property is located at 111 Welch Street Saint Stephen, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,134‑square‑foot office property built in 1990; 3–4 private offices plus a dedicated administrative office; Reception area, lounge or additional office, kitchen, storage closets, and three half baths
