Manufacturing Facility with
For Sale
Contact for pricing
917 Commerce Circle, Hanahan, SC 29410
Industrial facility with heavy power, crane, and truck access.
Property Size25,841 SF
Price / SF$172.21
Days on Market151
Property Features for 917 Commerce Circle
General Information
Standard status
Active
Size
25,841 SF
Class
C
Property subtype
Industrial
Zoning
Industrial - City of Hanahan
Lease Type
NNN
Building Details
Year Built
1981
Listing Agency:
NAI Charleston
(843) 518-5387
Listed By:
Trad Dyches · License #SC 92835
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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.
The property at 917 Commerce Circle is a manufacturing facility situated in a prime industrial location, approximately one mile from I-526. The total area of the property is approximately 25,560 square feet, including approximately 3,473 square feet of office space and approximately 22,087 square feet of warehouse space. The air-conditioned manufacturing area is equipped for heavy-duty operations, featuring multiple heavy power drops and a compressor system with air hose drops. A 3-ton crane extends from the interior warehouse to the exterior truck dock. The storage warehouse has a 27-foot ceiling height and includes six exhaust fans, five roof vents, and fluorescent lighting for ventilation and visibility. Truck access is facilitated by one dock-high loading door and two drive-in doors. The property size is 25,841 square feet.
Key Highlights
- Prime industrial location approximately one mile from I‑526.
- +/-22,087 SF of warehouse space with 27' ceiling height.
- Robust 3‑ton crane** with extension from interior warehouse to 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
$148,616
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
3.34%
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%
$2,972,320
$3.0M
Cap Rate 7%
$2,123,086
$2.1M
Cap Rate 9%
$1,651,289
$1.7M
Market Conditions
NOI Build-Up for 25,841 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
$198.5K $7.68/SF
− Vacancy
−$23.6K −$0.91/SF
EGI
$174.8K $6.77/SF
− OpEx
−$26.2K −$1.01/SF
NOI
$148.6K $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%
$2,972,320
Cap Rate 7%
$2,123,086
Cap Rate 9%
$1,651,289
Alternative Uses
Best Use
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,616 @ 7.0% cap · market cap 3.34%
Second Best
Industrial
$1.75M
$1.53M – $2.04M
NOI $122,390 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,511 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
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 - Industrial facility with heavy power, crane, and truck access.
Where is this manufacturing property located?
The property is located at 917 Commerce Circle Hanahan, SC.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Prime industrial location approximately one mile from I‑526.; +/-22,087 SF of warehouse space with **27' ceiling height**.; Robust 3‑ton crane** with extension from interior warehouse to exterior truck dock.
