Summerville Flex Warehouse on 10
1268 State Rd Summerville, SC 29486
1268 State Rd, Summerville, SC, 29486
Contact for pricing
For Sale
Contact for pricing
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 Market129
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
- Year Built
- 1993
Listing Agency
NAI Charleston
(843) 513-0595
Listed by
Christi Copenhaver · License #SC 128260
Source
Crexi
Added: Mar 11 Checked: Jul 16 at 3:39 am
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
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.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $36.96 |
| − Vacancy | −$12.2k | −$4.07 |
| EGI | $98.7k | $32.89 |
| − OpEx | −$34.5k | −$11.51 |
| NOI | $64.1k | $21.38 |
3,000 SF · lease $36.96/SF/yr · vacancy 11.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$916.3K
$801.8K – $1.07M
NOI $64,144 @ 7.0% cap · market cap 3.67%
Second Best
Office B
$851.3K
$744.9K – $993.2K
NOI $59,594 @ 7.0% cap · market cap 3.41%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dean's Sandblasting
Renovation Specialist
Similar For Sale Nearby
FAQs
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.
