Industrial Flex Warehouse with
For Sale
Contact for pricing
Pending
6650 Jet Park Rd, North Charleston, SC 29406
Industrial flex facility includes office/warehouse space, fenced gravel laydown yard, and five 10' x 12' drive-in doors.
Property Size5,000 SF
Days on Market359
Property Features for 6650 Jet Park Rd
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
INDUSTRIAL
Zoning
M-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
5
Heavy Power
Yes
Listing Agency:
NAI | Charleston
(757) 585-0071
Listed By:
Whit Jones · License #113794
(757) 585-0071
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Aug 15
Last Checked: Aug 15 at 9:48AM
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 NAI | Charleston
Investment Insights
Based on property information with market context.
Industrial flex warehouse with approximately ±5,000 SF office/warehouse space. The property is supported by a fenced gravel laydown yard and features five (5) 10’ x 12’ drive-in doors for loading and receiving. Clear height is listed at 13 feet, with 3-phase power available to the building.
The facility is positioned about 3 miles from I-26 in Charleston County. Zoning is M-2 Heavy Industrial under the City of North Charleston.
The facility is positioned about 3 miles from I-26 in Charleston County. Zoning is M-2 Heavy Industrial under the City of North Charleston.
Key Highlights
- ±5,000 SF office/warehouse with industrial zoning (M‑2 Heavy Industrial, City of North Charleston)
- Fenced gravel laydown yard for outdoor storage
- Loading includes five (5) 10' x 12' drive‑in doors
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
$51,480
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
3.07%
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%
$1,029,600
$1.0M
Cap Rate 7%
$735,429
$735.4K
Cap Rate 9%
$572,000
$572.0K
Market Conditions
NOI Build-Up for 5,000 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
$90.0K $18.00/SF
− Vacancy
−$10.8K −$2.16/SF
EGI
$79.2K $15.84/SF
− OpEx
−$27.7K −$5.54/SF
NOI
$51.5K $10.30/SF
Area
North Charleston, SC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,029,600
Cap Rate 7%
$735,429
Cap Rate 9%
$572,000
Alternative Uses
Best Use
Flex RnD
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 3.07%
Second Best
Warehouse
$410.8K
$359.5K – $479.3K
NOI $28,756 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
5
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29406, SC
32,730
Population
14,542
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
82%
High-School Grad
15.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,640
Median Household Income
$36,741
Median Earnings
$1,305
Median Rent
$209,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Wawney's Catering & Restaurant — 2551 Midland Park Rd, North Charleston, SC 29406
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex facility includes office/warehouse space, fenced gravel laydown yard, and five 10' x 12' drive-in doors.
Where is this flex space located?
The property is located at 6650 Jet Park Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: ±5,000 SF office/warehouse with industrial zoning (M‑2 Heavy Industrial, City of North Charleston); Fenced gravel laydown yard for outdoor storage; Loading includes five (5) 10' x 12' drive‑in doors
