Commercial Land with G-B
For Sale
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140 Peytons Way, Summerville, SC 29483
Commercial acreage outside the flood zone with zoning that supports office and service-oriented uses.
Property Size2,400 SF
Price / SF$468.75
Days on Market117
Property Features for 140 Peytons Way
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Special Purpose
Building Details
Year Built
2004
Listing Agency:
Carolina One Real Estate Summerville
(843) 452-6393
Listed By:
Michael Sally · License #40753
Source:
Crexi
Added: May 8
Changed: Aug 29
Last Checked: Aug 29 at 7:28PM
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 Carolina One Real Estate Summerville
Investment Insights
Based on property information with market context.
This 2.13-acre commercial land offering is located at 140 Peytons Way in Summerville, within Charleston County. The property carries G-B (General Business) zoning and is positioned for office or service-based commercial use, subject to applicable approvals.
The site is entirely outside a flood zone and includes existing infrastructure. Its setting provides access to nearby shopping and dining, with residential development also present in the surrounding area. The parcel offers substantial land area for a future commercial project or phased expansion, consistent with the property’s current general-business designation.
The site is entirely outside a flood zone and includes existing infrastructure. Its setting provides access to nearby shopping and dining, with residential development also present in the surrounding area. The parcel offers substantial land area for a future commercial project or phased expansion, consistent with the property’s current general-business designation.
Key Highlights
- 2.13‑acre commercial land parcel
- G‑B (General Business) zoning
- Entire property is outside a flood zone
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
$47,676
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
4.24%
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%
$953,520
$953.5K
Cap Rate 7%
$681,086
$681.1K
Cap Rate 9%
$529,733
$529.7K
Market Conditions
NOI Build-Up for 2,400 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
$71.4K $29.76/SF
− Vacancy
−$7.9K −$3.27/SF
EGI
$63.6K $26.49/SF
− OpEx
−$15.9K −$6.62/SF
NOI
$47.7K $19.86/SF
Area
Dorchester County, SC
Vacancy
11.00%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
25.00%
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%
$953,520
Cap Rate 7%
$681,086
Cap Rate 9%
$529,733
Alternative Uses
Best Use
Office B
$681.1K
$596.0K – $794.6K
NOI $47,676 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,727 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
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?
Commercial land - Commercial acreage outside the flood zone with zoning that supports office and service-oriented uses.
Where is this commercial land located?
The property is located at 140 Peytons Way Summerville, SC.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 2.13‑acre commercial land parcel; G‑B (General Business) zoning; Entire property is outside a flood zone
