Multi-Tenant Light Industrial
339 Fleming Road Charleston, SC 29412
339 Fleming Road, Charleston, SC, 29412
Contact for pricing
For Sale
Contact for pricing
Three fully conditioned light industrial buildings with eight roll-up doors and secure gated access, plus 45+ boat/RV parking spaces.
Property Size11,783 SF
Lot Size1.72 Acres
Price / SF$322.50
Days on Market31
Property Features for 339 Fleming Road
General Information
- Standard status
- Active
- Size
- 11,783 SF
- Lot size
- 1.72 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1990
Listing agency
Marcus & Millichap - Raleigh
(843) 952-2222
Listed by
Andrew Margulies · License #IL 475.147606
Source
Crexi
Added: Jun 22 Updated: Jul 21 at 8:35PM Checked: Jul 21 at 8:35PM
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 Marcus & Millichap - Raleigh
Investment Insights
Based on property information with market context.
339 Fleming Road is a multi-tenant light industrial property with three fully conditioned buildings totaling 11,783 square feet on a 1.72-acre site. The complex includes eight roll-up doors and secure gated access, with a functional layout that accommodates six tenants across the buildings.
Leases are structured on gross terms, and the current rents are described as below-market. In addition to building income, the property generates revenue from 45+ boat and RV parking spaces, with room to increase parking rents.
The site also provides ample space for expansion, laydown yard, and parking, supporting ongoing flexibility for tenant operations within the existing industrial configuration.
Leases are structured on gross terms, and the current rents are described as below-market. In addition to building income, the property generates revenue from 45+ boat and RV parking spaces, with room to increase parking rents.
The site also provides ample space for expansion, laydown yard, and parking, supporting ongoing flexibility for tenant operations within the existing industrial configuration.
Key Highlights
- Three fully conditioned light industrial buildings totaling 11,783 SF, built in 1990
- 1.72‑acre multi‑tenant setup with six tenants across the buildings
- Eight roll‑up doors plus secure gated access for tenant and yard operations
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.3k | $17.76 |
| − Vacancy | −$27.2k | −$2.31 |
| EGI | $182.1k | $15.45 |
| − OpEx | −$27.3k | −$2.32 |
| NOI | $154.8k | $13.13 |
11,783 SF · lease $17.76/SF/yr · vacancy 13.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.21M
$1.93M – $2.58M
NOI $154,752 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,208 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Precision Pressure Cleaning
Landscaping
Atlantic Land Construction
Construction Company
Cup - Fine Coffee ...
Specialty Food Shop
Shred Season Surfboards
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Extra Space Storage — 1951 Maybank Hwy, Charleston, SC 29412
FAQs
What type of property is this?
Warehouse - Three fully conditioned light industrial buildings with eight roll-up doors and secure gated access, plus 45+ boat/RV parking spaces.
Where is this warehouse located?
The property is located at 339 Fleming Road Charleston, SC.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Three fully conditioned light industrial buildings totaling 11,783 SF, built in 1990; 1.72‑acre multi‑tenant setup with six tenants across the buildings; Eight roll‑up doors plus secure gated access for tenant and yard operations
