Building F
For Sale
Contact for pricing
152 Regional Pkwy, Orangeburg, SC 29118
Industrial warehouse building within Carolina Regional Park, constructed in 2001.
Property Size30,000 SF
Price / SF$88.50
Days on Market11
Property Features for 152 Regional Pkwy
General Information
Standard status
Active
Size
30,000 SF
Class
B
Total Parking Spaces
14
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$172,560
Building Details
Year Built
2001
Buildings
1
Tenancy
Single
Listing Agency:
Furman Capital Advisors
Listed By:
Robert Schmidt, CCIM · License #SC 81850
(864) 678-5995
Source:
Crexi
Added: Aug 24
Changed: Sep 3
Last Checked: Sep 3 at 2:45AM
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 Furman Capital Advisors
Investment Insights
Based on property information with market context.
Building F is a warehouse property at 152 Regional Pkwy in Orangeburg, South Carolina. The building contains 30,000 square feet and was completed in 2001.
Located within Carolina Regional Park, the property offers an established industrial setting for warehouse operations and related commercial use.
Located within Carolina Regional Park, the property offers an established industrial setting for warehouse operations and related commercial use.
Key Highlights
- 30,000‑square‑foot warehouse building
- Building F within Carolina Regional Park
- Constructed in 2001
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
$167,994
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
6.33%
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%
$3,359,880
$3.4M
Cap Rate 7%
$2,399,914
$2.4M
Cap Rate 9%
$1,866,600
$1.9M
Market Conditions
NOI Build-Up for 30,000 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
$216.0K $7.20/SF
− Vacancy
−$18.4K −$0.61/SF
EGI
$197.6K $6.59/SF
− OpEx
−$29.6K −$0.99/SF
NOI
$168.0K $5.60/SF
Area
Orangeburg County, SC
Vacancy
8.50%
Lease Rate
$7.20 /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%
$3,359,880
Cap Rate 7%
$2,399,914
Cap Rate 9%
$1,866,600
Alternative Uses
Best Use
Warehouse
$2.40M
$2.10M – $2.80M
NOI $167,994 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.35M
$3.80M – $5.07M
NOI $304,236 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29118, SC
15,446
Population
6,742
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
89%
High-School Grad
76.6 sq mi
ZIP Area
202
Density / Sq Mi
$57,704
Median Household Income
$39,124
Median Earnings
$967
Median Rent
$160,900
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?
Warehouse - Industrial warehouse building within Carolina Regional Park, constructed in 2001.
Where is this warehouse located?
The property is located at 152 Regional Pkwy Orangeburg, SC.
What is the asking price?
The asking price for this property is $2,655,000.
What are key features of this property?
This property features: 30,000‑square‑foot warehouse building; Building F within Carolina Regional Park; Constructed in 2001
