Nexton Mixed-Use Development
For Sale
Contact for pricing
1227 Nexton Parkway, Summerville, SC 29486
Mixed-use property for sale or lease in Nexton, Summerville.
Property Size30,000 SF
Price / SF$600
Days on Market173
Property Features for 1227 Nexton Parkway
General Information
Standard status
Active
Size
30,000 SF
Class
A
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
2026
Buildings
1
Tenancy
Single
Listing Agency:
Bridge Commercial
(843) 535-8600
Listed By:
Daniel Pellegrino · License #SC68293
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 11 at 10:49AM
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 Bridge Commercial
Investment Insights
Based on property information with market context.
The Hub @ Nexton is a mixed-use development featuring office, medical office, retail, and restaurant spaces. Building 1 offers 30,000 square feet available for lease or sale, with delivery expected in Q1 2027. Phase I is sold out, leaving 30,000 square feet available in Phase II. The buildings are designed around a large courtyard with water features, outdoor seating, and landscaping. The development is located in Nexton along Nexton Parkway, providing direct access to I-26. Nexton is a 4,500-acre master-planned community with a planned 8,000 homes at build-out. The Hub is surrounded by amenities such as restaurants, retail, hotels, parks, and medical services. Current tenants include Charleston Wound Care, The Co-op, Derrington Dermatology, Coastal Vascular & Vein Center, Palmetto Primary Care Physicians, Lombardi Pizza Company, Kid Strong, and Holliday Ingram Law.
Key Highlights
- 30,000 SF available for lease or sale in a mixed‑use development.
- Highly visible location in Nexton with direct access to I‑26.
- Part of Nexton, a 4,500‑acre master‑planned community.
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
$595,944
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
3.31%
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%
$11,918,880
$11.9M
Cap Rate 7%
$8,513,486
$8.5M
Cap Rate 9%
$6,621,600
$6.6M
Market Conditions
NOI Build-Up for 30,000 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
$892.8K $29.76/SF
− Vacancy
−$98.2K −$3.27/SF
EGI
$794.6K $26.49/SF
− OpEx
−$198.6K −$6.62/SF
NOI
$595.9K $19.86/SF
Area
Dorchester County, SC
Vacancy
11.00%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
25.00%
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%
$11,918,880
Cap Rate 7%
$8,513,486
Cap Rate 9%
$6,621,600
Alternative Uses
Best Use
Office B
$8.51M
$7.45M – $9.93M
NOI $595,944 @ 7.0% cap · market cap 3.31%
Second Best
Healthcare Medical
$8.46M
$7.40M – $9.87M
NOI $592,099 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$22.45M
$19.64M – $26.19M
NOI $1,571,581 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 29486, SC
41,148
Population
19,452
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
90%
High-School Grad
62.3 sq mi
ZIP Area
660
Density / Sq Mi
$87,386
Median Household Income
$45,533
Median Earnings
$1,612
Median Rent
$329,300
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?
Mixed-use property - Mixed-use property for sale or lease in Nexton, Summerville.
Where is this mixed-use property located?
The property is located at 1227 Nexton Parkway Summerville, SC.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: 30,000 SF available for lease or sale in a mixed‑use development.; Highly visible location in Nexton with direct access to I‑26.; Part of Nexton, a 4,500‑acre master‑planned community.
