Building Details

Buildings 1

Building Size 25,560 SF

Listing Agency: NAI | Charleston Show Phone

Listed By: Will L Sherrod · License #274540 Show Phone

Source: Moodyscre

Added: Feb 2 Changed: Sep 13 Last Checked: Sep 14 at 5:52AM

Report an Issue

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 NAI | Charleston

Investment Insights

Based on property information with market context.

917 Commerce Cir offers a total of 25,560 SF of manufacturing and warehouse space designed for heavy-duty operations in an industrial setting. The building includes 3,473 SF of office space and 22,087 SF of manufacturing/warehouse area, with an air-conditioned 13,166 SF manufacturing section supported by multiple heavy power drops and a compressor system with air hose drops throughout. That space is equipped with a robust 3-ton crane that can extend from inside the warehouse to the exterior truck dock.

A 7,592 SF high bay warehouse provides 27’ clear height and includes six exhaust fans, five roof vents, and bright fluorescent lighting for ventilation and visibility. Truck access is supported by one dock-high loading door and two drive-in doors, along with ample surface parking. The site also features significant electrical capacity with 1,200 AMP, 3 phase 277/480 Volt service and step-down voltage 120/208.

Zoned Industrial in the City of Hanahan, the property is approximately one mile from I-526 in Berkeley County.

Key Highlights

• 25,560 SF total building with 3,473 SF office and 22,087 SF manufacturing/warehouse
• Air‑conditioned 13,166 SF manufacturing area with multiple heavy power drops
• 3‑ton crane extendable from interior warehouse to the exterior truck dock

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

$147,000

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

3.13%

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%

$2,940,000 $2.9M

Cap Rate 7%

$2,100,000 $2.1M

Cap Rate 9%

$1,633,333 $1.6M

Market Conditions

NOI Build-Up for 25,560 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

$196.3K $7.68/SF

− Vacancy

−$23.4K −$0.91/SF

EGI

$172.9K $6.77/SF

− OpEx

−$25.9K −$1.01/SF

NOI

$147.0K $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%

$2,940,000

Cap Rate 7%

$2,100,000

Cap Rate 9%

$1,633,333

Alternative Uses

Best Use

Warehouse

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $147,000 @ 7.0% cap · market cap 3.13%

Second Best

Industrial

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $121,059 @ 7.0% cap · market cap 2.58%

Theoretical Best

Office A

$6.92M

$6.05M – $8.07M (±1% cap)

NOI $484,188 @ 7.0% cap · market cap 10.30%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

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

27 ft

Clear height

1

Dock-high doors

2

Drive-in doors

Yes

Heavy power

Yes

Highway access

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Similar For Sale Nearby

Standalone Office with Storage

1227 Yeamans Hall Road, Hanahan, SC 29410

$415,000

1,508 SF

View details

Manufacturing Plant with Crane

915 Commerce Circle, Hanahan, SC 29410

Contact for pricing

41,885 SF

View details

Duplex Property with Mixed Unit Sizes

5814 Robinson Street A,B,C,D, Hanahan, SC 29410

$525,000

View details

Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial manufacturing facility near I-526 with air-conditioned production space, a crane system, and multiple loading doors.

Where is this manufacturing property located?

The property is located at 917 Commerce Cir Hanahan, SC.

What is the asking price?

The asking price for this property is $4,700,000.

What are key features of this property?

This property features: 25,560 SF total building with 3,473 SF office and 22,087 SF manufacturing/warehouse; Air‑conditioned 13,166 SF manufacturing area with multiple heavy power drops; 3‑ton crane extendable from interior warehouse to the exterior truck dock