12-Unit Multifamily
128 Themens Road Moncks Corner, SC 29461
128 Themens Road, Moncks Corner, SC, 29461
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For Sale
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12-apartment multifamily property offers value-add potential with in-place rents below current market levels.
Property Size10,304 SF
Price / SF$153.82
Days on Market149
Property Features for 128 Themens Road
General Information
- Standard status
- Active
- Size
- 10,304 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing agency
Matt O'Neill
(843) 654-7777
Listed by
Porter Andrews · License #137042
Source
Crexi
Added: Feb 24 Updated: Jul 22 at 9:20PM Checked: Jul 22 at 9:20PM
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 Matt O'Neill
Investment Insights
Based on property information with market context.
The property at 128 Themens Road is a 12-unit multifamily apartment building positioned for value-add execution, with the opportunity to align in-place rents with current market levels. The listing includes TMS numbers 1420101016, 1420101017, and 1420101018.
Located along the US-52 corridor in Moncks Corner, the asset provides direct access to Charleston and surrounding communities including Goose Creek and Summerville. Nearby points of reference named in the listing include Walmart Supercenter, Moncks Corner Medical Center, and Berkeley County Government Complex.
This offering is presented as a well-occupied small multifamily asset within the Charleston MSA and is described as having potential for operational improvement based on rent alignment.
Located along the US-52 corridor in Moncks Corner, the asset provides direct access to Charleston and surrounding communities including Goose Creek and Summerville. Nearby points of reference named in the listing include Walmart Supercenter, Moncks Corner Medical Center, and Berkeley County Government Complex.
This offering is presented as a well-occupied small multifamily asset within the Charleston MSA and is described as having potential for operational improvement based on rent alignment.
Key Highlights
- 12‑unit multifamily property built in 1978.
- In‑place rents are below current market levels, offering potential for rent upside through market alignment.
- Well occupied multifamily with value‑add potential.
Local Financial Insights For Apartment 5plus
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 | $247.3k | $24.00 |
| − Vacancy | −$16.8k | −$1.63 |
| EGI | $230.5k | $22.37 |
| − OpEx | −$103.7k | −$10.07 |
| NOI | $126.8k | $12.30 |
10,304 SF · lease $24.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,764 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,191 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 12-apartment multifamily property offers value-add potential with in-place rents below current market levels.
Where is this apartment building located?
The property is located at 128 Themens Road Moncks Corner, SC.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1978.; In‑place rents are below current market levels, offering potential for rent upside through market alignment.; Well occupied multifamily with value‑add potential.
