Building Details

Buildings 2

Tenancy Multi

Listing Agency: Oswald Cooke & Associates

Listed By: Edward Oswald · License #SC 81680 Show Phone

Source: Crexi

Added: Aug 12 Changed: Sep 29 Last Checked: Oct 5 at 6:16PM

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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.

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 / Yr

$138,979

Cap Rate

3.52%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $138,979 @ 7.0% cap · market cap 3.52%

Second Best

Office B

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $129,121 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$4.86M

$4.26M – $5.68M (±1% cap)

NOI $340,509 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Yardnique Inc. Landscaping Pipeline Contractors Inc Construction Company

Suggested Use

Top Pick Restaurant Law Firm Spa & Massage Center Pharmacy Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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