Manufacturing Plant with
For Sale
Contact for pricing
915 Commerce Circle, Hanahan, SC 29410
Vacant industrial property combines office, warehouse, and production areas with heavy-power service and direct truck circulation.
Property Size41,885 SF
Lot Size5.37 Acres
Price / SF$151.84
Days on Market124
Property Features for 915 Commerce Circle
General Information
Standard status
Active
Size
41,885 SF
Total Parking Spaces
50
Lot size
5.37 Acres
Property subtype
Industrial
Zoning
Berkeley - LI - Light Industrial
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
26 ft
Warehouse Space
35,842 SF
Office Build-Out
6,043 SF
Drive-In Doors
7
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
No
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
(843) 990-7806
Source:
Crexi
Added: May 8
Changed: Sep 8
Last Checked: Sep 8 at 3:25AM
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.
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 = 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
$240,888
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
3.79%
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%
$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
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
$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 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%
$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
NOI $240,888 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$2.83M
$2.48M – $3.31M
NOI $198,378 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$11.33M
$9.92M – $13.22M
NOI $793,436 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
