Building Details

Year Built 1978

Year Renovated 2017

Buildings 1

Building Size 41,885 SF

Listing Agency: Colliers

Listed By: Thomas G. Buist Jr · License #SC 4680 Show Phone

Source: Crexi

Added: May 8 Changed: Oct 12 Last Checked: Oct 12 at 8:05PM

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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 Colliers

Investment Insights

Based on property information with market context.

This vacant manufacturing property contains ±41,885 SF across office and industrial production areas on ±5.37 acres. The building includes ±6,043 SF of office space and ±35,842 SF dedicated to warehouse and manufacturing functions. Office improvements date to around 2015, while a conference room was added within the warehouse in 2017. The interior offers a broad production floor, enclosed work areas, and clear heights ranging from approximately 20' to 26'.

Seven drive-in doors, crane rails in both bays, and a conveying 5-ton bridge crane with 14'4'' under hook support industrial operations. Electrical service is 800 amp, 3-phase, 277/480V, with natural gas, public water, and sewer. The site also provides ±2.50 acres of additional land, paved and concrete truck circulation, and on-site parking. The property is zoned Industrial in the City of Hanahan, approximately 1.13 miles from I-526, and has potential rear rail access via CSX.

Key Highlights

• ±41,885 SF manufacturing facility on ±5.37 acres
• ±2.50 acres of additional land for expansion, outdoor storage, or parking
• ±6,043 SF office and ±35,842 SF warehouse/manufacturing space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$240,888

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,817,760 $4.8M

Cap Rate 7%

$3,441,257 $3.4M

Cap Rate 9%

$2,676,533 $2.7M

Market Conditions

NOI Build-Up for 41,885 SF

Gross rent

$321.7K $7.68/SF

− Vacancy

−$38.3K −$0.91/SF

EGI

$283.4K $6.77/SF

− OpEx

−$42.5K −$1.01/SF

NOI

$240.9K $5.75/SF

Area

Berkeley County, SC

Vacancy

11.90%

Lease Rate

$7.68 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,817,760

Cap Rate 7%

$3,441,257

Cap Rate 9%

$2,676,533

Alternative Uses

Best Use

Warehouse

$3.44M

$3.01M – $4.01M (±1% cap)

NOI $240,888 @ 7.0% cap · market cap 3.79%

Second Best

Industrial

$2.83M

$2.48M – $3.31M (±1% cap)

NOI $198,378 @ 7.0% cap · market cap 3.12%

Theoretical Best

Office A

$11.33M

$9.92M – $13.22M (±1% cap)

NOI $793,436 @ 7.0% cap · market cap 12.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Auto Repair Shop Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

26 ft

Clear height

7

Drive-in doors

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

243

Businesses Nearby

Explore this area Business Placement

Demographics for 29410, SC

20,238

Population

8,501

Households

2.4

Avg Household Size

36

Median Age

38%

College-Educated

94%

High-School Grad

10.5 sq mi

ZIP Area

1,927

Density / Sq Mi

$84,061

Median Household Income

$53,195

Median Earnings

$1,324

Median Rent

$339,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Vacant industrial property combines office, warehouse, and production areas with heavy-power service and direct truck circulation.

Where is this manufacturing property located?

The property is located at 915 Commerce Circle Hanahan, SC.

What is the asking price?

The asking price for this property is $6,360,000.

What are key features of this property?

This property features: ±41,885 SF manufacturing facility on ±5.37 acres; ±2.50 acres of additional land for expansion, outdoor storage, or parking; ±6,043 SF office and ±35,842 SF warehouse/manufacturing space