Industrial Warehouse and Storage
For Sale
Contact for pricing
Pending
1901 HOLLINGSHED RD, Irmo, SC 29063
Industrial warehouse and storage facility with 4,800 SF of area and listed 7,600 SF property size.
Property Size7,600 SF
Days on Market120
Property Features for 1901 HOLLINGSHED RD
General Information
Standard status
Pending
Size
7,600 SF
Total Parking Spaces
30
Property subtype
Mixed Use, Self Storage, Land
Zoning
RU
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
Southern Visions Real Estate
Listed By:
W. Rhett Kelly · License #SC 86844
(803) 238-2819
Source:
Crexi
Added: Jul 6
Changed: Oct 25
Last Checked: Nov 1 at 5:09AM
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 Southern Visions Real Estate
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Investment Insights
Based on property information with market context.
This industrial warehouse and storage facility is offered for sale and is listed with 4,800 SF of space. The property is also shown with a 7,600 SF property size, with the available remarks dated 06/10/2019.
The asset is located at 1901 HOLLINGSHED RD in Irmo, SC, providing a straightforward industrial option for users or investors seeking a warehouse-style storage configuration.
The asset is located at 1901 HOLLINGSHED RD in Irmo, SC, providing a straightforward industrial option for users or investors seeking a warehouse-style storage configuration.
Key Highlights
- Industrial warehouse and storage facility built in 1980
- 4,800 SF of industrial/warehouse area
- Public remarks dated 06/10/2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,155
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,100
$903.1K
Cap Rate 7%
$645,071
$645.1K
Cap Rate 9%
$501,722
$501.7K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$57.0K $7.50/SF
− Vacancy
−$3.9K −$0.51/SF
EGI
$53.1K $6.99/SF
− OpEx
−$8.0K −$1.05/SF
NOI
$45.2K $5.94/SF
Area
Richland County, SC
Vacancy
6.80%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,100
Cap Rate 7%
$645,071
Cap Rate 9%
$501,722
Alternative Uses
Best Use
Self Storage
$953.0K
$833.9K – $1.11M
NOI $66,713 @ 7.0% cap · market cap 10.67%
Second Best
Warehouse
$645.1K
$564.4K – $752.6K
NOI $45,155 @ 7.0% cap · market cap 7.22%
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $120,040 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 29063, SC
36,341
Population
14,658
Households
2.5
Avg Household Size
40
Median Age
46%
College-Educated
96%
High-School Grad
40.1 sq mi
ZIP Area
906
Density / Sq Mi
$92,147
Median Household Income
$48,853
Median Earnings
$1,599
Median Rent
$239,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Industrial warehouse and storage facility with 4,800 SF of area and listed 7,600 SF property size.
Where is this self storage facility located?
The property is located at 1901 HOLLINGSHED RD Irmo, SC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Industrial warehouse and storage facility built in 1980; 4,800 SF of industrial/warehouse area; Public remarks dated 06/10/2019
