Commercial Land with G-B
For Sale
Contact for pricing
Pending
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
Days on Market163
Property Features for 140 Peytons Way
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Industrial, Special Purpose
Building Details
Year Built
2004
Listing Agency:
Carolina One Real Estate Summerville
Listed By:
Michael Sally · License #40753
(843) 452-6393
Source:
Crexi
Added: May 8
Changed: Oct 3
Last Checked: Oct 16 at 9:24AM
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
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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 / Yr
$47,676
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Office in South region
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
