Three-Suite Medical
For Sale
Contact for pricing
Pending
85 Springview Ln, Summerville, SC 29456
Configured for an owner-user with rental income from two additional suites.
Property Size7,048 SF
Days on Market418
Property Features for 85 Springview Ln
General Information
Standard status
Pending
Size
7,048 SF
Property subtype
OFFICE
Additional Details
Office Units
3
Amenities
waiting area
common restrooms
break room
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial | Atlantic
(843) 437-0074
Listed By:
Kip Bowman
(843) 437-0074
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:34PM
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 Coldwell Banker Commercial | Atlantic
Investment Insights
Based on property information with market context.
This 7,048-square-foot medical office property is arranged as three suites. Suite B can accommodate an owner-user, while Suites A and C provide existing rental income. Suites B and C connect to a shared waiting area, common restrooms, and break room. Suite A has a separate entrance, supporting independent access for its occupant. The building is described as well maintained and includes ample parking.
Current tenants are Summerville Surgical Associates and Palmetto Primary Care Physicians. Summerville Medical Hospital is located 0.3 miles away and has 174 inpatient beds, 14 ICU rooms, and an expansion underway that will add 56 beds.
Current tenants are Summerville Surgical Associates and Palmetto Primary Care Physicians. Summerville Medical Hospital is located 0.3 miles away and has 174 inpatient beds, 14 ICU rooms, and an expansion underway that will add 56 beds.
Key Highlights
- 7,048‑square‑foot medical office building with three suites
- Suite B offers owner‑user occupancy with rental income from Suites A and C
- Suites B and C share a waiting area, restrooms, and break room
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
$140,007
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
6.97%
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%
$2,800,140
$2.8M
Cap Rate 7%
$2,000,100
$2.0M
Cap Rate 9%
$1,555,633
$1.6M
Market Conditions
NOI Build-Up for 7,048 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
$209.7K $29.76/SF
− Vacancy
−$23.1K −$3.27/SF
EGI
$186.7K $26.49/SF
− OpEx
−$46.7K −$6.62/SF
NOI
$140.0K $19.86/SF
Area
Dorchester County, SC
Vacancy
11.00%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
25.00%
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%
$2,800,140
Cap Rate 7%
$2,000,100
Cap Rate 9%
$1,555,633
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $140,007 @ 7.0% cap · market cap 6.97%
Second Best
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$5.27M
$4.62M – $6.15M
NOI $369,217 @ 7.0% cap · market cap 18.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29456, SC
37,577
Population
16,136
Households
2.3
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
2,076
Density / Sq Mi
$79,038
Median Household Income
$41,683
Median Earnings
$1,473
Median Rent
$244,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for an owner-user with rental income from two additional suites.
Where is this medical office space located?
The property is located at 85 Springview Ln Summerville, SC.
What is the asking price?
The asking price for this property is $2,010,000.
What are key features of this property?
This property features: 7,048‑square‑foot medical office building with three suites; Suite B offers owner‑user occupancy with rental income from Suites A and C; Suites B and C share a waiting area, restrooms, and break room
