Beaufort Manufacturing Facility on 35+
For Sale
Contact for pricing
302 Parker Dr, Beaufort, SC 29906
83,960 SF manufacturing facility on 35.7 acres in Beaufort, SC.
Property Size83,960 SF
Lot Size35.70 Acres
Price / SF$85.16
Days on Market821
Property Features for 302 Parker Dr
General Information
Standard status
Active
Size
83,960 SF
Class
A
Lot size
35.70 Acres
Property subtype
Industrial, Special Purpose
Zoning
LI - Light Industrial
Investment Type
Owner/User
Building Details
Year Built
1976
Year Renovated
2021
Stories
1
Units
1
Listing Agency:
Avison Young - Charleston
Listed By:
Alex Irwin · License #SC 86536
(843) 637-5013
Source:
Crexi
Added: Jun 17, 2024
Changed: Sep 13
Last Checked: Sep 15 at 7:53AM
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 Avison Young - Charleston
Investment Insights
Based on property information with market context.
Located at 302 Parker Drive in the Beaufort Commerce Park in Beaufort, SC, this manufacturing facility comprises approximately 83,960 square feet on approximately 35.7 acres. The facility is situated approximately 22 miles from the Exit 33 interchange of I-95 and the four-lane highway US-17, 40 miles north of Savannah, GA, and 55 miles south of Charleston, SC. Originally constructed in 1976, the facility underwent additions in 1994 and a renovation in 2021. Originally built for manufacturing airplane and helicopter components, but most recently used as a glass recycling facility, the property features a significant laydown yard area. The building includes production areas, lab and quality assurance areas, loading and storage areas, and ample class-A office space. It also features heavy power, natural gas, a wet system fire suppression, and new LED lighting throughout.
Key Highlights
- Large ±83,960 sq ft manufacturing facility on ±35.7 acres with significant laydown yard area.
- Strategic location: Approximately 22 miles from I‑95 and US‑17, convenient to Savannah, GA and Charleston, SC.
- Heavy power and natural gas infrastructure suitable for manufacturing operations.
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
$502,501
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
7.03%
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%
$10,050,020
$10.1M
Cap Rate 7%
$7,178,586
$7.2M
Cap Rate 9%
$5,583,344
$5.6M
Market Conditions
NOI Build-Up for 83,960 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
$755.6K $9.00/SF
− Vacancy
−$37.8K −$0.45/SF
EGI
$717.9K $8.55/SF
− OpEx
−$215.4K −$2.56/SF
NOI
$502.5K $5.98/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$9.00 /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%
$10,050,020
Cap Rate 7%
$7,178,586
Cap Rate 9%
$5,583,344
Alternative Uses
Best Use
Industrial
$7.18M
$6.28M – $8.38M
NOI $502,501 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.33M
$22.17M – $29.55M
NOI $1,773,235 @ 7.0% cap · market cap 24.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 29906, SC
22,608
Population
11,028
Households
2.1
Avg Household Size
31
Median Age
24%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
502
Density / Sq Mi
$61,350
Median Household Income
$32,253
Median Earnings
$1,377
Median Rent
$236,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 83,960 SF manufacturing facility on 35.7 acres in Beaufort, SC.
Where is this manufacturing property located?
The property is located at 302 Parker Dr Beaufort, SC.
What is the asking price?
The asking price for this property is $7,150,000.
What are key features of this property?
This property features: Large ±83,960 sq ft manufacturing facility on ±35.7 acres with significant laydown yard area.; Strategic location: Approximately 22 miles from I‑95 and US‑17, convenient to Savannah, GA and Charleston, SC.; Heavy power and natural gas infrastructure suitable for manufacturing operations.
