Mixed-Use Industrial and Self
For Sale
Contact for pricing
121 HEMPHILL CT, Summerville, SC 29483
For sale industrial and self-storage property offering mixed-use utility in Summerville, SC.
Property Size29,360 SF
Price / SF$187.33
Days on Market62
Property Features for 121 HEMPHILL CT
General Information
Standard status
Active
Size
29,360 SF
Property subtype
Retail, Office, Industrial
Zoning
D-MX
Building Details
Year Built
1971
Stories
1
Units
21
Listing Agency:
Coldwell Banker Realty Summerville
(858) 243-2998
Listed By:
Dennis Leslie · License #119843
Source:
Crexi
Added: Jun 29
Changed: Aug 22
Last Checked: Aug 28 at 7:40PM
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 Coldwell Banker Realty Summerville
Investment Insights
Based on property information with market context.
This property is offered for sale as an industrial, mixed-use self-storage asset totaling 29,360 SF. The configuration supports storage and industrial activity within the same ownership footprint, with the property marketed as both industrial and self-storage.
Located at 121 Hemphill Ct in Summerville, South Carolina, the site is well-suited for operators looking for a combined industrial and self-storage environment. The listing is dated 04/22/2025, reflecting the property’s availability for purchase.
The mixed-use industrial and self-storage format can fit a range of owner-operators and investors seeking an asset that can serve storage-focused demand while also accommodating industrial use within the existing facility structure. Prospective buyers should review the property’s specific unit mix and operational setup during due diligence to confirm fit for their planned use and operating model.
Located at 121 Hemphill Ct in Summerville, South Carolina, the site is well-suited for operators looking for a combined industrial and self-storage environment. The listing is dated 04/22/2025, reflecting the property’s availability for purchase.
The mixed-use industrial and self-storage format can fit a range of owner-operators and investors seeking an asset that can serve storage-focused demand while also accommodating industrial use within the existing facility structure. Prospective buyers should review the property’s specific unit mix and operational setup during due diligence to confirm fit for their planned use and operating model.
Key Highlights
- Industrial and self‑storage mixed‑use property in Summerville, SC
- Total building size: 29,360 SF
- Year built: 1971
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
$456,469
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
8.30%
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%
$9,129,380
$9.1M
Cap Rate 7%
$6,520,986
$6.5M
Cap Rate 9%
$5,071,878
$5.1M
Market Conditions
NOI Build-Up for 29,360 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
$680.0K $23.16/SF
− Vacancy
−$27.9K −$0.95/SF
EGI
$652.1K $22.21/SF
− OpEx
−$195.6K −$6.66/SF
NOI
$456.5K $15.55/SF
Area
Dorchester County, SC
Vacancy
4.10%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
30.00%
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%
$9,129,380
Cap Rate 7%
$6,520,986
Cap Rate 9%
$5,071,878
Alternative Uses
Best Use
Warehouse
$7.92M
$6.93M – $9.24M
NOI $554,284 @ 7.0% cap · market cap 10.08%
Second Best
Self Storage
$6.52M
$5.71M – $7.61M
NOI $456,469 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$21.97M
$19.23M – $25.63M
NOI $1,538,054 @ 7.0% cap · market cap 27.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Self storage facility - For sale industrial and self-storage property offering mixed-use utility in Summerville, SC.
Where is this self storage facility located?
The property is located at 121 HEMPHILL CT Summerville, SC.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Industrial and self‑storage mixed‑use property in Summerville, SC; Total building size: 29,360 SF; Year built: 1971
