Industrial Warehouse with
For Sale
Contact for pricing
Pending
2100 Commerce Dr, Cayce, SC 29033
Functional layout includes a sales counter, private offices, breakroom, and conference room.
Property Size21,624 SF
Days on Market178
Property Features for 2100 Commerce Dr
General Information
Standard status
Pending
Size
21,624 SF
Property subtype
Industrial
Lease Type
NNN
Additional Details
Highway Access
Yes
Amenities
breakroom
conference room
Building Details
Building Size
21,624 SF
Listing Agency:
NAI Columbia
Listed By:
Patrick Chambers · License #SC 51814
(803) 254-0100
Source:
Crexi
Added: Mar 10
Changed: Sep 2
Last Checked: Sep 1 at 7:42PM
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 Columbia
Investment Insights
Based on property information with market context.
This 21,624± SF warehouse in Cayce, SC includes a sales counter and a practical office component with 3 private offices. Employee-oriented areas include a breakroom and conference room, supporting administrative and operational functions within the building.
The property is positioned 0.5± miles from I-26, with I-77 3.1± miles away and I-20 8.0± miles away. Columbia Metropolitan Airport is within 2.7± miles, providing access to regional air transportation.
The property is positioned 0.5± miles from I-26, with I-77 3.1± miles away and I-20 8.0± miles away. Columbia Metropolitan Airport is within 2.7± miles, providing access to regional air transportation.
Key Highlights
- 21,624± SF industrial warehouse building
- Sales counter supports customer‑facing operations
- 3 private offices included
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
$162,397
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
8.55%
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%
$3,247,940
$3.2M
Cap Rate 7%
$2,319,957
$2.3M
Cap Rate 9%
$1,804,411
$1.8M
Market Conditions
NOI Build-Up for 21,624 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
$205.0K $9.48/SF
− Vacancy
−$13.9K −$0.64/SF
EGI
$191.1K $8.84/SF
− OpEx
−$28.7K −$1.33/SF
NOI
$162.4K $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%
$3,247,940
Cap Rate 7%
$2,319,957
Cap Rate 9%
$1,804,411
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,397 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.81M
$5.08M – $6.78M
NOI $406,531 @ 7.0% cap · market cap 21.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29033, SC
12,575
Population
6,873
Households
1.8
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
1,258
Density / Sq Mi
$57,524
Median Household Income
$37,629
Median Earnings
$1,342
Median Rent
$156,400
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 - Functional layout includes a sales counter, private offices, breakroom, and conference room.
Where is this warehouse located?
The property is located at 2100 Commerce Dr Cayce, SC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 21,624± SF industrial warehouse building; Sales counter supports customer‑facing operations; 3 private offices included
