Listing Agency: Shealy Realty

Listed By: Andy Bedenbaugh · License #2735 Show Phone

Source: Exprealty

Added: Jan 16 Changed: Sep 4 Last Checked: Sep 7 at 3:19PM

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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 = 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

$81,109

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

6.26%

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%

$1,622,180 $1.6M

Cap Rate 7%

$1,158,700 $1.2M

Cap Rate 9%

$901,211 $901.2K

Market Conditions

NOI Build-Up for 10,800 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

$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 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%

$1,622,180

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.

Property Analytics

Property Profile

Current Use

J F Johnson ... Distribution Center

Suggested Use

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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