Industrial Building
For Sale
Contact for pricing
Pending
179 Regional Pkwy, Orangeburg, SC 29118
The property is a 1998-built industrial facility within Carolina Regional Park.
Property Size36,774 SF
Days on Market53
Property Features for 179 Regional Pkwy
General Information
Standard status
Pending
Size
36,774 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$196,741
Building Details
Year Built
1998
Year Renovated
2023
Buildings
1
Tenancy
Single
Listing Agency:
Furman Capital Advisors
Listed By:
Peter Couchell, CCIM · License #SC 7016
(864) 678-5923
Source:
Crexi
Added: Aug 24
Changed: Oct 7
Last Checked: Oct 14 at 8:41PM
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
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Investment Insights
Based on property information with market context.
Building B is an industrial property within Carolina Regional Park in Orangeburg, South Carolina. Constructed in 1998, the facility is located at 179 Regional Pkwy and is offered for sale as an individual building within the park. The property has a stated size of 36,774.
Key Highlights
- Building B within Carolina Regional Park
- 36,774 stated property size
- Constructed in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,906
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,058,120
$3.1M
Cap Rate 7%
$2,184,371
$2.2M
Cap Rate 9%
$1,698,956
$1.7M
Market Conditions
NOI Build-Up for 36,774 SF
Gross rent
$242.7K $6.60/SF
− Vacancy
−$24.3K −$0.66/SF
EGI
$218.4K $5.94/SF
− OpEx
−$65.5K −$1.78/SF
NOI
$152.9K $4.16/SF
Area
Orangeburg County, SC
Vacancy
10.00%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,058,120
Cap Rate 7%
$2,184,371
Cap Rate 9%
$1,698,956
Alternative Uses
Best Use
Industrial
$2.18M
$1.91M – $2.55M
NOI $152,906 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.33M
$4.66M – $6.22M
NOI $372,932 @ 7.0% cap · market cap 12.32%
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
111
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - The property is a 1998-built industrial facility within Carolina Regional Park.
Where is this industrial property located?
The property is located at 179 Regional Pkwy Orangeburg, SC.
What is the asking price?
The asking price for this property is $3,027,000.
What are key features of this property?
This property features: Building B within Carolina Regional Park; 36,774 stated property size; Constructed in 1998
