Three-Suite Medical
For Sale
$2,010,000
85 Springview Lane, Summerville, SC 29485
Configured for an owner-user with rental income from two additional suites.
Property Size7,048 SF
Days on Market88
Property Features for 85 Springview Lane
General Information
Standard status
Active
Size
7,048 SF
Property subtype
Office
Zoning
Dorchester-NB-NeighborhoodBusiness
Additional Details
Office Units
3
Amenities
waiting area
common restrooms
break room
Building Details
Building Size
7,048 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Atlantic
Listed By:
Kip Bowman
(843) 725-6892
Source:
Cbcworldwide
Added: Jul 29
Changed: Oct 15
Last Checked: Oct 23 at 3:23AM
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
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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 / Yr
$140,007
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Business Placement
Demographics for 29485, SC
57,181
Population
23,382
Households
2.4
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
48.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$83,287
Median Household Income
$47,371
Median Earnings
$1,473
Median Rent
$311,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Summerville Pet Clinic — 1810 Old Trolley Rd #A, Summerville, SC 29485
- Oakbrook Veterinary Clinic — 1705 Old Trolley Rd, Summerville, SC 29485
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 Lane 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
