Industrial Flex Property with Laydown
For Sale
Contact for pricing
1110 Limehouse Lane, Ladson, SC 29456
Two-building commercial offering combines office space, flex space, and a fenced laydown yard.
Property Size6,500 SF
Lot Size6.95 Acres
Price / SF$607.69
Days on Market10
Property Features for 1110 Limehouse Lane
General Information
Standard status
Active
Size
6,500 SF
Lot size
6.95 Acres
Property subtype
Industrial
Zoning
GC Berkeley County
Lease Type
NNN
Investment Type
Net Lease
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
1,500 SF
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Oswald Cooke & Associates
(843) 388-5650
Listed By:
Edward Oswald · License #SC 81680
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 20 at 6:22PM
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 Oswald Cooke & Associates
Investment Insights
Based on property information with market context.
This two-building flex property at 1110 and 1124 Limehouse Lane offers approximately 6,500 SF of commercial space. Building 1 includes 1,500 SF of office space, while Building 2 provides 5,000 SF of flex space. The property also includes a 6.95-acre fenced laydown yard, giving the offering both enclosed workspace and substantial outdoor storage area.
The property is zoned GC General Commercial Berkeley County. It is offered as part of a four-property portfolio, with the properties available for purchase together or separately.
The property is zoned GC General Commercial Berkeley County. It is offered as part of a four-property portfolio, with the properties available for purchase together or separately.
Key Highlights
- Approximately 6,500 SF of flex and office space
- Building 1 includes 1,500 SF of office space
- Building 2 contains 5,000 SF of flex space
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
$138,979
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
3.52%
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%
$2,779,580
$2.8M
Cap Rate 7%
$1,985,414
$2.0M
Cap Rate 9%
$1,544,211
$1.5M
Market Conditions
NOI Build-Up for 6,500 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
$240.2K $36.96/SF
− Vacancy
−$26.4K −$4.07/SF
EGI
$213.8K $32.89/SF
− OpEx
−$74.8K −$11.51/SF
NOI
$139.0K $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 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%
$2,779,580
Cap Rate 7%
$1,985,414
Cap Rate 9%
$1,544,211
Alternative Uses
Best Use
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $138,979 @ 7.0% cap · market cap 3.52%
Second Best
Office B
$1.84M
$1.61M – $2.15M
NOI $129,121 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$4.86M
$4.26M – $5.68M
NOI $340,509 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29456, SC
37,577
Population
16,136
Households
2.3
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
2,076
Density / Sq Mi
$79,038
Median Household Income
$41,683
Median Earnings
$1,473
Median Rent
$244,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial offering combines office space, flex space, and a fenced laydown yard.
Where is this flex space located?
The property is located at 1110 Limehouse Lane Ladson, SC.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approximately 6,500 SF of flex and office space; Building 1 includes 1,500 SF of office space; Building 2 contains 5,000 SF of flex space
