Duplex with Adjacent Vacant
For Sale
Contact for pricing
2108 Ridge Church Road, Summerville, SC 29483
Duplex offering one- and three-bedroom units plus an adjacent vacant lot on approximately 0.79 acres.
Property Size2,280 SF
Price / SF$197.37
Days on Market107
Property Features for 2108 Ridge Church Road
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multifamily, Land
Zoning
Berkeley - OI - Office and Institutional
Building Details
Year Built
1955
Units
2
Listing Agency:
Matt O'Neill
(843) 654-7777
Listed By:
Marcela Ruiz · License #95806
Source:
Crexi
Added: May 2
Changed: Aug 8
Last Checked: May 8 at 7:41AM
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 Matt O'Neill
Investment Insights
Based on property information with market context.
This property consists of a duplex with two separate units and an adjacent vacant lot. Unit A is a one-bedroom, one-bathroom layout. Unit B offers three bedrooms and two bathrooms. The sale also includes TMS# 2221402039 and TMS# 2221402052.
Located just off N Main Street in Summerville, the property is positioned about 1.7 miles from Nexton Square, 2 miles from I-26, and 4.2 miles from downtown Summerville.
For buyers seeking a rental-income setup with an additional parcel for future use, this configuration provides both existing residential units and a separate vacant lot within the same offering.
Located just off N Main Street in Summerville, the property is positioned about 1.7 miles from Nexton Square, 2 miles from I-26, and 4.2 miles from downtown Summerville.
For buyers seeking a rental-income setup with an additional parcel for future use, this configuration provides both existing residential units and a separate vacant lot within the same offering.
Key Highlights
- Duplex built in 1955 with two units on approximately 0.79 acres
- Unit A: 1‑bedroom, 1‑bath layout
- Unit B: 3‑bedroom, 2‑bath layout
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
$25,846
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
5.74%
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%
$516,920
$516.9K
Cap Rate 7%
$369,229
$369.2K
Cap Rate 9%
$287,178
$287.2K
Market Conditions
NOI Build-Up for 2,280 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
$39.7K $17.40/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$36.9K $16.19/SF
− OpEx
−$11.1K −$4.86/SF
NOI
$25.8K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$516,920
Cap Rate 7%
$369,229
Cap Rate 9%
$287,178
Alternative Uses
Best Use
Multifamily LT 5
$369.2K
$323.1K – $430.8K
NOI $25,846 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$340.8K
$298.2K – $397.6K
NOI $23,854 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,440 @ 7.0% cap · market cap 26.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 29483, SC
56,778
Population
23,133
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
53.3 sq mi
ZIP Area
1,065
Density / Sq Mi
$82,194
Median Household Income
$42,929
Median Earnings
$1,220
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering one- and three-bedroom units plus an adjacent vacant lot on approximately 0.79 acres.
Where is this duplex located?
The property is located at 2108 Ridge Church Road Summerville, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex built in 1955 with two units on approximately 0.79 acres; Unit A: 1‑bedroom, 1‑bath layout; Unit B: 3‑bedroom, 2‑bath layout
