Freestanding Office/Warehouse with Secured
For Sale
Contact for pricing
Pending
219 Old Summerville Rd, Summerville, SC 29486
Zoned GC with a heavily secured, fenced gravel yard and ample parking in front and rear of the building.
Property Size2,000 SF
Days on Market502
Property Features for 219 Old Summerville Rd
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
INDUSTRIAL
Zoning
GC - Berkeley County
Listing Agency:
NAI | Charleston
(843) 720-4944
Listed By:
Whit Jones · License #113794
(757) 585-0071
Source:
Moodyscre
Added: May 2, 2025
Changed: Sep 6
Last Checked: Sep 14 at 11:05AM
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.
This freestanding office/warehouse includes approximately 2,000 SF of office and warehouse space with a heavily secured, fenced gravel yard. The property is set up with ample parking in both the front and rear of the building, supporting flexible day-to-day operations.
The site features 325 feet of frontage on Old Summerville Rd and is zoned GC for Berkeley County. The parcel is identified by TMS #222-00-00-006.
Overall, the combination of office/warehouse space, secured outdoor storage, and substantial road frontage provides a practical foundation for a business that needs both covered space and controlled yard area.
The site features 325 feet of frontage on Old Summerville Rd and is zoned GC for Berkeley County. The parcel is identified by TMS #222-00-00-006.
Overall, the combination of office/warehouse space, secured outdoor storage, and substantial road frontage provides a practical foundation for a business that needs both covered space and controlled yard area.
Key Highlights
- Approximately 2,000 SF office/warehouse space
- Heavily secured, fenced gravel yard
- Ample parking in front and rear of building
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
$42,763
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
4.89%
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%
$855,260
$855.3K
Cap Rate 7%
$610,900
$610.9K
Cap Rate 9%
$475,144
$475.1K
Market Conditions
NOI Build-Up for 2,000 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
$73.9K $36.96/SF
− Vacancy
−$8.1K −$4.07/SF
EGI
$65.8K $32.89/SF
− OpEx
−$23.0K −$11.51/SF
NOI
$42.8K $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 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%
$855,260
Cap Rate 7%
$610,900
Cap Rate 9%
$475,144
Alternative Uses
Best Use
Flex RnD
$610.9K
$534.5K – $712.7K
NOI $42,763 @ 7.0% cap · market cap 4.89%
Second Best
Warehouse
$539.4K
$472.0K – $629.3K
NOI $37,758 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,772 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The real Nothin But Chicken llc..( food truck ) — not a store front, 102 Salem Ct, Summerville, SC 29483
Frequently Asked Questions
What type of property is this?
Flex space - Zoned GC with a heavily secured, fenced gravel yard and ample parking in front and rear of the building.
Where is this flex space located?
The property is located at 219 Old Summerville Rd Summerville, SC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 2,000 SF office/warehouse space; Heavily secured, fenced gravel yard; Ample parking in front and rear of building
