Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 Varnfield Dr Summerville, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    15,025 SF industrial space with office in Summerville, SC.

    Type:INDUSTRIAL
    Property size:
    15,000 SF
    Lot size:
    1.92 Acres
    Added:
    Mar 13, 2025
    Days on Market:
    414
    Last Refresh:
    Apr 5 at 9:45 pm

    Property Features for 215 Varnfield Dr

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    1.92 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 215 Varnfield Dr Contact us

    We can help!

    Listing Contact
    Grace Moring

    Listing agent Grace Moring

    Listing office WRS Realty

    Listing date Mar 13, 2025

    Source Moodyscre

    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 WRS Realty

    Overview

    Summerville Industrial Space Available

    The property at 215 Varnfield Drive in Summerville, SC, offers 15,025 square feet of space, including 1,313 square feet of office area. The building features clear span construction with a clearance height of approximately 23 feet and 9 inches. It is equipped with a truck well that includes a 14-foot by 12-foot dock-high door, along with a separate 16-foot by 12-foot drive-in door. The space is illuminated by metal halide lights and supplied with 120/240V 200 AMP electrical power. The surrounding area is characterized by established industrial and retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Extra Storage — 109 Grandview Dr, Summerville, SC 29483
    • Global Self Storage — 900 N Gum St, Summerville, SC 29483
    • Nearby Storage Units - Summerville, SC — 1124 n main st, summerville, sc 29483
    • Morningstar Storage — 310 Holiday Dr, Summerville, SC 29483

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1681
    Latitude
    33.0371

    Nearby Similar for Lease

    • $35 SF/Yr

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, convenient access, and high visibility.
      700 N Main St, Summerville, SC 29483
      View Details
    • Sponsored
      Contact for pricing

      SC, Summerville - 700 Nexton Square Drive

      700 Nexton Square Dr, Summerville, SC 29483
      View Details
    • $22 SF/Yr

      Summerville Flex Space For Lease

      Flex space in growing Cane Bay/Nexton area.
      806-A Beckham Lane, Summerville, SC 29483
      View Details
    • $35 SF/Yr

      Freestanding Building with Drive-Thru

      Freestanding 3,400 SF building on 0.66-acre lot with drive-thru.
      700 N Main St, Summerville, SC 29483
      View Details
    • $28 SF/Yr

      Retail Space in Trolley Square

      Retail spaces for lease in busy Summerville shopping center.
      1525 Old Trolley Road, Summerville, SC 29485
      View Details
    • $22 SF/Yr

      Flex Building Near Trident Hospital

      Flex building for lease near new Trident Hospital site.
      806 Beckham, Summerville, SC
      View Details
    • Contact for pricing

      Retail Space in Publix Anchored Center

      Retail spaces available in a Publix anchored shopping center.
      2700 N. Main Street, Summerville, SC 29486
      View Details
    • Contact for pricing

      Summerville Professional Office Space

      Professional office space for lease in Summerville, SC.
      607 West 5th North Street, Summerville, SC 29483
      View Details
    • Contact for pricing

      Restaurant Space in Summerville

      Second-generation restaurant space in a high-traffic Summerville retail corridor.
      710 Bacons Bridge Road, Summerville, South Carolina 29485
      View Details
    • Contact for pricing

      Retail Space in Publix Anchored Center

      Retail spaces available in a Publix anchored center for lease.
      2700 N. Main Street, Summerville, SC 29486
      View Details
    • $21 SF/Yr

      Highway 78 Warehouse and Office

      2,845 SF warehouse and office space for lease.
      421 E 5th North St, Summerville, SC
      View Details
    • $45 SF/Yr

      Retail Space in Nexton

      Retail space for lease in master-planned Nexton community.
      0 Brighton Blvd, Summerville, SC 29461
      View Details

    FAQs

    What type of property is this?
    Warehouse - 15,025 SF industrial space with office in Summerville, SC.
    Where is this warehouse located?
    The property is located at 215 Varnfield Dr Summerville, SC.
    What are key features of this property?
    This property features: 15,025 SF total space with 1,313 SF of office space; Clear span construction with +/- 23’-9” clearance height; Equipped with a truck well with a 14’ x 12’ dock‑high door and a separate 16’ x 12’ drive‑in door
    (843) 654-7888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Grace Moring
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!