Renovated Office
For Sale
Contact for pricing
107 W 5th North St, Summerville, SC 29483
Renovated office building with on-site surface parking and potential for individual floor leasing.
Property Size6,578 SF
Price / SF$241.71
Days on Market506
Property Features for 107 W 5th North St
General Information
Standard status
Active
Size
6,578 SF
Property subtype
OFFICE
Listing Agency:
Roadstead Real Estate Advisors LLC
(843) 442-0328
Listed By:
Geoffrey L Groat, Jr
(843) 442-0328
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Jul 26
Last Checked: Jul 30 at 1:07PM
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 Roadstead Real Estate Advisors LLC
Investment Insights
Based on property information with market context.
This office building offers a brand new ground floor renovation and includes on-site surface parking. The layout provides flexibility with potential to lease each floor individually.
The property is conveniently located less than one block from Main Street and is near major banks and numerous Summerville restaurants.
With renovated office space and practical parking on site, the building is suited for office users seeking a multi-floor configuration and the option to control space by level.
The property is conveniently located less than one block from Main Street and is near major banks and numerous Summerville restaurants.
With renovated office space and practical parking on site, the building is suited for office users seeking a multi-floor configuration and the option to control space by level.
Key Highlights
- Brand new ground floor renovation
- On‑site surface parking included
- Potential to lease each floor individually
Financial Insights For Office B
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 | $195.8k | $29.76 |
| − Vacancy | −$21.5k | −$3.27 |
| EGI | $174.2k | $26.49 |
| − OpEx | −$43.6k | −$6.62 |
| NOI | $130.7k | $19.86 |
6,578 SF · lease $29.76/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,671 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.92M
$4.31M – $5.74M
NOI $344,595 @ 7.0% cap · market cap 21.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office building with on-site surface parking and potential for individual floor leasing.
Where is this office units located?
The property is located at 107 W 5th North St Summerville, SC.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Brand new ground floor renovation; On‑site surface parking included; Potential to lease each floor individually
