Multi-Building Warehouse
For Sale
Contact for pricing
204 Creeks Edge Lane, Swansea, SC 29160
Industrial-zoned warehouse property with separate buildings, outside storage, and interstate frontage.
Property Size9,125 SF
Price / SF$115.07
Days on Market12
Property Features for 204 Creeks Edge Lane
General Information
Standard status
Active
Size
9,125 SF
Class
B
Property subtype
Industrial, Mixed Use
Lease Type
NNN
Property Condition
Severity
Repairs Needed
Evidence
exterior building clean-up repairs, site cleanup
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
9,125 SF
Drive-In Doors
4
Three-Phase Power
Yes
Building Details
Buildings
3
Listing Agency:
Wilson Kibler
(803) 779-8600
Listed By:
James Rogers · License #SC 100012
Source:
Crexi
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 9:17PM
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 Wilson Kibler
Investment Insights
Based on property information with market context.
The property comprises three separate warehouse buildings totaling 9,125 square feet, supported by approximately 2.5 acres of outside storage yard. The largest building has two 18-foot by 20-foot drive-in doors and a 25-foot clear height. A 2,400-square-foot building includes two 16-foot drive-in doors, a conditioned office, LED lighting, three-phase power, and a fenced storage yard; its clear height is 19 feet. The site is industrial-zoned, with planned exterior repairs, cleanup, and gravel improvements to the storage yard.
Located at 204 Creeks Edge Lane in Swansea, South Carolina, the property has frontage along I-26 and is approximately 15 minutes south of Columbia.
Located at 204 Creeks Edge Lane in Swansea, South Carolina, the property has frontage along I-26 and is approximately 15 minutes south of Columbia.
Key Highlights
- Three separate warehouse buildings totaling 9,125 SF
- Approximately 2.5 acres of outside storage yard
- Largest building has (2) 18' x 20' drive‑in doors and a 25' clear height
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
$68,529
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
6.53%
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%
$1,370,580
$1.4M
Cap Rate 7%
$978,986
$979.0K
Cap Rate 9%
$761,433
$761.4K
Market Conditions
NOI Build-Up for 9,125 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
$86.5K $9.48/SF
− Vacancy
−$5.9K −$0.64/SF
EGI
$80.6K $8.84/SF
− OpEx
−$12.1K −$1.33/SF
NOI
$68.5K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /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%
$1,370,580
Cap Rate 7%
$978,986
Cap Rate 9%
$761,433
Alternative Uses
Best Use
Warehouse
$979.0K
$856.6K – $1.14M
NOI $68,529 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$806.2K
$705.5K – $940.6K
NOI $56,436 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,550 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29160, SC
7,921
Population
3,595
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
90%
High-School Grad
118.1 sq mi
ZIP Area
67
Density / Sq Mi
$62,305
Median Household Income
$40,827
Median Earnings
$966
Median Rent
$122,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse property with separate buildings, outside storage, and interstate frontage.
Where is this warehouse located?
The property is located at 204 Creeks Edge Lane Swansea, SC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three separate warehouse buildings totaling 9,125 SF; Approximately 2.5 acres of outside storage yard; Largest building has (2) 18' x 20' drive‑in doors and a 25' clear height
