Summerville Flex Warehouse on 10
For Sale
$1,750,000
1268 State Rd, Summerville, SC 29486
Flex warehouse on 10 acres between Carnes Crossroads and Cane Bay.
Property Size3,000 SF
Lot Size10.00 Acres
Price / SF$583.33
Days on Market204
Property Features for 1268 State Rd
General Information
Standard status
Active
Size
3,000 SF
Lot size
10.00 Acres
Property subtype
Industrial
Building Details
Building Size
3,000 SF
Year Built
1993
Listing Agency:
NAI | Charleston
Listed By:
Christi Copenhaver · License #128260
(843) 513-0595
Source:
Naicharleston
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 14 at 8:25PM
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 NAI | Charleston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Summerville, SC, this flex warehouse property at 1268 State Road is situated between Carnes Crossroads (1.7 miles) and Cane Bay (2.2 miles), and near the new Roper Hospital (1.2 miles). The property spans approximately 10 acres and features a building of approximately 3,000 square feet. The building includes approximately 1,000 square feet of office space and approximately 2,000 square feet of raw warehouse space. The warehouse has 18-foot eaves and two 10-foot by 12-foot bay doors. A mezzanine storage area above the office space provides an additional approximately 1,000 square feet. The building will be vacant upon sale. The property has 315 feet of frontage on State Road (Hwy 176), offering direct access. The seller also has a quit claim deed for half of the adjacent parcel (.107 acres, TMS #: 209-00-01-084), which will convey with the sale. Value is found in the improvements and prime location.
Key Highlights
- Prime location between Carnes Crossroads and Cane Bay, near the new Roper Hospital.
- ±10 acre property with a ±3,000 SF flex warehouse building.
- Includes ±1,000 SF of office space and ±2,000 SF of raw warehouse space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,144
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,880
$1.3M
Cap Rate 7%
$916,343
$916.3K
Cap Rate 9%
$712,711
$712.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$110.9K $36.96/SF
− Vacancy
−$12.2K −$4.07/SF
EGI
$98.7K $32.89/SF
− OpEx
−$34.5K −$11.51/SF
NOI
$64.1K $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%
$1,282,880
Cap Rate 7%
$916,343
Cap Rate 9%
$712,711
Alternative Uses
Best Use
Flex RnD
$916.3K
$801.8K – $1.07M
NOI $64,144 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$666.3K
$583.0K – $777.4K
NOI $46,642 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.25M
$1.96M – $2.62M
NOI $157,158 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse on 10 acres between Carnes Crossroads and Cane Bay.
Where is this flex space located?
The property is located at 1268 State Rd Summerville, SC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime location between Carnes Crossroads and Cane Bay, near the new Roper Hospital.; ±10 acre property with a ±3,000 SF flex warehouse building.; Includes ±1,000 SF of office space and ±2,000 SF of raw warehouse space.
