New Industrial Warehouse with
For Sale
Contact for pricing
114 Lamp Light Cir, Summerville, SC 29483
Newly constructed 4,800 SF warehouse with office, yard, and three drive-in roll-up doors in an industrial zone.
Property Size4,800 SF
Lot Size1.25 Acres
Price / SF$260.42
Days on Market551
Property Features for 114 Lamp Light Cir
General Information
Standard status
Active
Size
4,800 SF
Lot size
1.25 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
3
Listing Agency:
Roadstead Real Estate Advisors LLC
(843) 577-7732
Listed By:
Bryan B Delgado · License #93384
(843) 419-5320
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Sep 7
Last Checked: Sep 13 at 10:19AM
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.
Newly constructed warehouse and laydown yard property for sale at 114 Lamplight Circle in Summerville, SC. The offering includes approximately 4,800 SF of warehouse space with a small office area of about 225 SF plus a restroom. The facility is supported by three drive-in roll up bay doors, each 12' wide by 16' tall, for practical loading and unloading. The warehouse provides 20' eave height and 22' clear height.
The property sits on 1.25 acres and is zoned Industrial. Ample parking is provided for tractor trailers and trucks, supporting day-to-day logistics and yard operations.
The configuration combines a warehouse building with outdoor laydown space, making it well-suited for businesses that need both enclosed storage and yard work area under industrial zoning.
The property sits on 1.25 acres and is zoned Industrial. Ample parking is provided for tractor trailers and trucks, supporting day-to-day logistics and yard operations.
The configuration combines a warehouse building with outdoor laydown space, making it well-suited for businesses that need both enclosed storage and yard work area under industrial zoning.
Key Highlights
- Newly constructed 4,800 SF warehouse with a 225 SF +/- office and restroom
- 1.25‑acre industrial‑zoned property with warehouse plus yard/laydown space
- 20' eave height and 22' clear height
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
$90,619
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
7.25%
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%
$1,812,380
$1.8M
Cap Rate 7%
$1,294,557
$1.3M
Cap Rate 9%
$1,006,878
$1.0M
Market Conditions
NOI Build-Up for 4,800 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
$111.2K $23.16/SF
− Vacancy
−$4.6K −$0.95/SF
EGI
$106.6K $22.21/SF
− OpEx
−$16.0K −$3.33/SF
NOI
$90.6K $18.88/SF
Area
Dorchester County, SC
Vacancy
4.10%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,812,380
Cap Rate 7%
$1,294,557
Cap Rate 9%
$1,006,878
Alternative Uses
Best Use
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,619 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,453 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
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
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Newly constructed 4,800 SF warehouse with office, yard, and three drive-in roll-up doors in an industrial zone.
Where is this warehouse located?
The property is located at 114 Lamp Light Cir Summerville, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Newly constructed 4,800 SF warehouse with a 225 SF +/- office and restroom; 1.25‑acre industrial‑zoned property with warehouse plus yard/laydown space; 20' eave height and 22' clear height
