Flex Building with Included
For Sale
$750,000
106 W Butternut Road, Summerville, SC 29483
Existing improvements and a substantial inventory of construction-related items convey with the property, excluding vehicles.
Property Size3,000 SF
Price / SF$250
Days on Market43
Property Features for 106 W Butternut Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1991
Listing Agency:
Coldwell Banker Realty
Listed By:
Michael Todd · License #6761
Source:
Thecassinagroup
Added: Jul 18
Changed: Aug 29
Last Checked: Aug 29 at 7:27PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This flex property includes a 3,000-square-foot building constructed in 1991, along with a substantial quantity of personal property and construction-related materials. Items associated with the conveyance include ladders, shelving, toolboxes, tools, and other contractor equipment. A container also holds household furniture. The vehicles on site are excluded from the sale.
Located at 106 W Butternut Road in Summerville, the property combines the building and land with an extensive collection of stored contents. The available inventory may be relevant to a purchaser seeking existing construction equipment, storage fixtures, and assorted operational materials in place.
Located at 106 W Butternut Road in Summerville, the property combines the building and land with an extensive collection of stored contents. The available inventory may be relevant to a purchaser seeking existing construction equipment, storage fixtures, and assorted operational materials in place.
Key Highlights
- 3,000‑square‑foot flex building
- Constructed in 1991
- Ladders, shelving, toolboxes, and tools convey
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
$64,144
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
8.55%
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%
$1,282,880
$1.3M
Cap Rate 7%
$916,343
$916.3K
Cap Rate 9%
$712,711
$712.7K
Market Conditions
NOI Build-Up for 3,000 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
$110.9K $36.96/SF
− Vacancy
−$12.2K −$4.07/SF
EGI
$98.7K $32.89/SF
− OpEx
−$34.5K −$11.51/SF
NOI
$64.1K $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%
$1,282,880
Cap Rate 7%
$916,343
Cap Rate 9%
$712,711
Alternative Uses
Best Use
Flex RnD
$916.3K
$801.8K – $1.07M
NOI $64,144 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$666.3K
$583.0K – $777.4K
NOI $46,642 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$2.25M
$1.96M – $2.62M
NOI $157,158 @ 7.0% cap · market cap 20.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Existing improvements and a substantial inventory of construction-related items convey with the property, excluding vehicles.
Where is this flex space located?
The property is located at 106 W Butternut Road Summerville, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex building; Constructed in 1991; Ladders, shelving, toolboxes, and tools convey
