Multi-Building Industrial
For Sale
Contact for pricing
115 AIRPORT ENTRANCE RD, Summerville, SC 29483
Industrial assemblage includes three warehouse buildings with roll-up doors, clear heights up to 12–17 feet, and additional yard-ready land.
Property Size7,821 SF
Lot Size1.25 Acres
Price / SF$264.93
Days on Market100
Property Features for 115 AIRPORT ENTRANCE RD
General Information
Standard status
Active
Size
7,821 SF
Lot size
1.25 Acres
Property subtype
Industrial
Zoning
LI
Warehouse & Industrial
Drive-In Doors
6
Heavy Power
Yes
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1985
Buildings
3
Stories
1
Units
2
Listing Agency:
ALIGN'D PROPERTIES
Listed By:
Mary Beth Wichlei · License #SC 52280
Source:
Crexi
Added: May 2
Changed: Aug 8
Last Checked: Aug 8 at 7:18AM
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 compound includes three warehouse buildings on a combined site with clear heights ranging from 10 to 17 feet. Building 1 offers 1,666 SF and a 44’ x 9’ vertical fold roll-up door. Building 2 provides 1,498 SF with a 10’ x 9’ slab-grade roll-up door. Building 3 includes 4,657 SF and multiple roll-up doors: two oversized 44’ x 9’ and 41’ x 9’ vertical fold doors plus an 8’ x 6’10” slab-grade door.
The offering includes additional land (two parcels totaling 0.22 acres) that can support yard space, outdoor storage, equipment staging, or future site reconfiguration. The assemblage totals 7,821 SF across the three buildings and includes six slab-grade doors, with three-phase power servicing the entire property.
The site configuration supports operation as either a single-user compound or a multi-tenant investment, with excess yard area for storage, fleet parking, or expansion. The property is located in a high-growth industrial corridor within the Charleston MSA.
The offering includes additional land (two parcels totaling 0.22 acres) that can support yard space, outdoor storage, equipment staging, or future site reconfiguration. The assemblage totals 7,821 SF across the three buildings and includes six slab-grade doors, with three-phase power servicing the entire property.
The site configuration supports operation as either a single-user compound or a multi-tenant investment, with excess yard area for storage, fleet parking, or expansion. The property is located in a high-growth industrial corridor within the Charleston MSA.
Key Highlights
- Industrial assemblage built in 1985 with 7,821 SF across three warehouse buildings
- Total site area of 1.25 acres with additional 0.22 acres of land for yard space and storage
- Clear heights range from 10'4" to 12'7"
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
$147,652
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
7.13%
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%
$2,953,040
$3.0M
Cap Rate 7%
$2,109,314
$2.1M
Cap Rate 9%
$1,640,578
$1.6M
Market Conditions
NOI Build-Up for 7,821 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
$181.1K $23.16/SF
− Vacancy
−$7.4K −$0.95/SF
EGI
$173.7K $22.21/SF
− OpEx
−$26.1K −$3.33/SF
NOI
$147.7K $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%
$2,953,040
Cap Rate 7%
$2,109,314
Cap Rate 9%
$1,640,578
Alternative Uses
Best Use
Warehouse
$2.11M
$1.85M – $2.46M
NOI $147,652 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.85M
$5.12M – $6.83M
NOI $409,711 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Drive-in doors
Yes
Heavy power
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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Similar Off Market Nearby
- Climate Masters Indoor Storage — 2745 W 5th N St, Summerville, SC 29483
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial assemblage includes three warehouse buildings with roll-up doors, clear heights up to 12–17 feet, and additional yard-ready land.
Where is this warehouse located?
The property is located at 115 AIRPORT ENTRANCE RD Summerville, SC.
What is the asking price?
The asking price for this property is $2,072,000.
What are key features of this property?
This property features: Industrial assemblage built in 1985 with 7,821 SF across three warehouse buildings; Total site area of 1.25 acres with additional 0.22 acres of land for yard space and storage; Clear heights range from 10'4" to 12'7"
