Listing Agency: Shealy Realty

Listed By: Andy Bedenbaugh · License #2735 Show Phone

Source: Exprealty

Added: Jan 16 Changed: Oct 15 Last Checked: Oct 24 at 6:11PM

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Investment Insights

Based on property information with market context.

This industrial warehouse building offers a total facility size of 10,800 square feet, including approximately 900 square feet of office space. The warehouse is supported by both 8 ft and 10 ft roll-up doors and features ceiling heights ranging from 18 ft to 27 ft.

The property is situated on 2.49 acres and includes paved, fenced customer parking along with ample truck turn-around space in the paved lot. Interior amenities include a walk-in cooler and freezer, which can support a range of commercial storage and handling needs.

Access is described as easy to Columbia & Aiken, with I-20 located about 12 minutes away, supporting convenient regional connectivity.

Key Highlights

• 10,800 SF commercial warehouse on 2.49 acres in Batesburg‑Leesville, SC, with 9,900 SF warehouse space and 900 SF office
• Warehouse features 8‑ft and 10‑ft roll‑up doors plus ample truck turn‑around in the paved parking lot
• Paved and fenced customer parking included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$81,109

Cap Rate

6.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,622,180 $1.6M

Cap Rate 7%

$1,158,700 $1.2M

Cap Rate 9%

$901,211 $901.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,800 SF

Gross rent

$102.4K $9.48/SF

− Vacancy

−$7.0K −$0.64/SF

EGI

$95.4K $8.84/SF

− OpEx

−$14.3K −$1.33/SF

NOI

$81.1K $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 Rate 5%

$1,622,180

Cap Rate 7%

$1,158,700

Cap Rate 9%

$901,211

Alternative Uses

Best Use

Warehouse

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,109 @ 7.0% cap · market cap 6.26%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.90M

$2.54M – $3.38M (±1% cap)

NOI $203,040 @ 7.0% cap · market cap 15.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

J F Johnson ... Distribution Center

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Locksmith (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27 ft

Clear height

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29006, SC

9,608

Population

4,256

Households

2.3

Avg Household Size

42

Median Age

19%

College-Educated

79%

High-School Grad

138.1 sq mi

ZIP Area

70

Density / Sq Mi

$50,797

Median Household Income

$37,354

Median Earnings

$829

Median Rent

$136,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse facility includes 900 sq ft office space, multiple roll-up doors, and walk-in cooler and freezer.

Where is this warehouse located?

The property is located at 225 Summerland Ave Batesburg, SC.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: 10,800 SF commercial warehouse on 2.49 acres in Batesburg‑Leesville, SC, with 9,900 SF warehouse space and 900 SF office; Warehouse features 8‑ft and 10‑ft roll‑up doors plus ample truck turn‑around in the paved parking lot; Paved and fenced customer parking included