5000sf Insulated Metal Building
9 Canvasback Road, Gilbert, SC 29054
For Sale
$587,000
5000sf insulated metal building on 2.46ac corner lot.
Property Size5,000 SF
Lot Size2.46 Acres
Price / SF$117.40
Days on Market250
Property Features for 9 Canvasback Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Building Size
Year Built
Stories
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Scott Davis · License #7905
(803) 730-2077
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:06AM
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 Realty
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Investment Insights
Based on property information with market context.
This property features a 5000 square foot insulated metal building with steel supports and an 8-inch thick concrete floor. The building includes two overhead doors and 3-phase power. It is situated on a 2.46-acre corner lot. The property is zoned RD – Restrictive Development by Lexington County. Located off Hwy 378 in the Gilbert area near Lake Murray.
Key Highlights
- 5000sf insulated metal building with 8” thick concrete floor.
- Situated on a 2.46ac corner lot.
- Includes two overhead doors for easy access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,550
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,000
$751.0K
Cap Rate 7%
$536,429
$536.4K
Cap Rate 9%
$417,222
$417.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$47.4K $9.48/SF
− Vacancy
−$3.2K −$0.64/SF
EGI
$44.2K $8.84/SF
− OpEx
−$6.6K −$1.33/SF
NOI
$37.6K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,000
Cap Rate 7%
$536,429
Cap Rate 9%
$417,222
Alternative Uses
Best Use
Warehouse
$536.4K
$469.4K – $625.8K
NOI $37,550 @ 7.0% cap · market cap 6.40%
Second Best
Industrial
$441.8K
$386.6K – $515.4K
NOI $30,924 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,000 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29054, SC
10,774
Population
4,950
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
57.3 sq mi
ZIP Area
188
Density / Sq Mi
$88,904
Median Household Income
$49,337
Median Earnings
$880
Median Rent
$278,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Lexington County, SC
Properties on Market for Warehouses in Lexington County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - 5000sf insulated metal building on 2.46ac corner lot.
Where is this warehouse located?
The property is located at 9 Canvasback Road Gilbert, SC.
What is the asking price?
The asking price for this property is $587,000.
What are key features of this property?
This property features: 5000sf insulated metal building with 8” thick concrete floor.; Situated on a 2.46ac corner lot.; Includes two overhead doors for easy access.
