Building Details

Buildings 1

Building Size 1,800 SF

Construction steel frame

Listing Agency: TruHome Realty

Listed By: Carla Rawleigh Show Phone

Source: Exprealty

Added: Apr 11 Changed: Oct 8 Last Checked: Oct 15 at 4:08AM

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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 TruHome Realty

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Investment Insights

Based on property information with market context.

This flex space includes an approximately 1,800-square-foot red iron steel building on nearly an acre of commercial land. The structure offers an open interior with approximately 16-foot ceiling heights and two oversized 14-foot roll-up doors, providing practical accommodation for loading, vehicles, equipment, storage, or warehouse-oriented operations.

The property is positioned in a high-traffic area with strong visibility and convenient access to a nearby interstate. Its location supports customer, client, and delivery access, while the adaptable building configuration can serve light industrial, automotive, storage, or other commercial flex uses.

Key Highlights

• Approximately 1,800 square feet of building space on nearly an acre
• Approximately 16‑foot ceiling heights
• Two oversized 14‑foot roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,317

Cap Rate

7.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$446,340 $446.3K

Cap Rate 7%

$318,814 $318.8K

Cap Rate 9%

$247,967 $248.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$36.7K $20.40/SF

− Vacancy

−$2.4K −$1.33/SF

EGI

$34.3K $19.07/SF

− OpEx

−$12.0K −$6.68/SF

NOI

$22.3K $12.40/SF

Area

Calhoun County, SC

Vacancy

6.50%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$446,340

Cap Rate 7%

$318,814

Cap Rate 9%

$247,967

Alternative Uses

Best Use

Warehouse

$381.2K

$333.6K – $444.8K (±1% cap)

NOI $26,686 @ 7.0% cap · market cap 9.24%

Second Best

Flex RnD

$318.8K

$279.0K – $372.0K (±1% cap)

NOI $22,317 @ 7.0% cap · market cap 7.72%

Theoretical Best

Office A

$443.2K

$387.8K – $517.1K (±1% cap)

NOI $31,026 @ 7.0% cap · market cap 10.74%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Restaurant Garden Center

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

16 ft

Clear height

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29135, SC

8,074

Population

3,990

Households

2

Avg Household Size

47

Median Age

22%

College-Educated

86%

High-School Grad

193.6 sq mi

ZIP Area

42

Density / Sq Mi

$54,081

Median Household Income

$34,298

Median Earnings

$1,011

Median Rent

$151,200

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?

Flex space - Steel construction, an open interior, and interstate access support adaptable commercial operations.

Where is this flex space located?

The property is located at 2606 Colonel Thomson Hwy St Matthews, SC.

What is the asking price?

The asking price for this property is $288,900.

What are key features of this property?

This property features: Approximately 1,800 square feet of building space on nearly an acre; Approximately 16‑foot ceiling heights; Two oversized 14‑foot roll‑up doors