Office/Warehouse with Fenced
1809 Rahn Lane / 2812 Smilax Avenue Port Royal, SC 29935
New
For Sale
$629,000
Flex-style office/warehouse building sits on nearly an acre of land with a fenced yard area on two parcels.
Property Size1,800 SF
Lot Size0.92 Acres
Price / SF$349.44
Days on Market5
Property Features for 1809 Rahn Lane / 2812 Smilax Avenue
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.92 Acres
Property subtype
Land
Listing Agency:
NAI Carolina Chapter
(843) 247-2470
Listed By:
Baker Wilkins · License #31069
(843) 247-2470
Source:
Naiglobal
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 4:28AM
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 NAI Carolina Chapter
Investment Insights
Based on property information with market context.
The property includes a total of approximately 0.92 acres across two parcels, with a combined office/warehouse building of about 1,800 SF. The site also features approximately 0.48 acres of fenced yard, providing dedicated outdoor space suitable for business operations requiring secure storage or staging.
Located just off Ribaut Road, the property fronts Smilax Avenue at an entrance to the Spanish Moss Trail. The setting is described as being in the heart of Port Royal with access to nearby areas including Beaufort, Lady’s Island, St. Helena, and Marine Corps – Parris Island.
As a compact office/warehouse configuration with fenced yard area on two parcels, the property may fit a range of small-bay industrial or flex uses that benefit from on-site office space and controlled outdoor storage.
Located just off Ribaut Road, the property fronts Smilax Avenue at an entrance to the Spanish Moss Trail. The setting is described as being in the heart of Port Royal with access to nearby areas including Beaufort, Lady’s Island, St. Helena, and Marine Corps – Parris Island.
As a compact office/warehouse configuration with fenced yard area on two parcels, the property may fit a range of small-bay industrial or flex uses that benefit from on-site office space and controlled outdoor storage.
Key Highlights
- +/- 0.92 acres on 2 parcels with a +/- 1,800 SF office/warehouse building
- +/- 0.48‑acre fenced yard area
- Flex‑style office/warehouse building configuration
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $30.00 |
| − Vacancy | −$4.3k | −$2.40 |
| EGI | $49.7k | $27.60 |
| − OpEx | −$17.4k | −$9.66 |
| NOI | $32.3k | $17.94 |
1,800 SF · lease $30.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$461.3K
$403.7K – $538.2K
NOI $32,292 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$172.6K
$151.0K – $201.4K
NOI $12,081 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style office/warehouse building sits on nearly an acre of land with a fenced yard area on two parcels.
Where is this flex space located?
The property is located at 1809 Rahn Lane / 2812 Smilax Avenue Port Royal, SC.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: +/- 0.92 acres on 2 parcels with a +/- 1,800 SF office/warehouse building; +/- 0.48‑acre fenced yard area; Flex‑style office/warehouse building configuration
