Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    115 15 St Gaston, SC 29053

    Sponsored
    For Sale
    Contact for pricing

    Modern Distribution/Manufacturing Space

    Property size:
    519,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional industrial property, located in Gaston, South Carolina, at 115 15th St, zip code 29053, offers a flexible footprint ranging from 519,792 to 1,161,888 square feet on a 50-acre lot. Currently vacant and ready for immediate occupancy, this building is scheduled for completion in October 2024. The facility boasts impressive features including 98 dock-high doors (9'2" x 10'), four drive-in doors (12'2" x 14'), and a generous 40-foot clear ceiling height. ESFR fire suppression and LED lighting are standard. Ample parking is provided with 210 car spaces (expandable to 403) and 135 trailer spaces. Its strategic location offers unparalleled access to major transportation arteries, including proximity to I-26, I-77 (approximately 4 miles), I-20 (approximately 14 miles), and I-95 (approximately 50 miles), facilitating efficient distribution to and from key markets and resources. The property benefits from its location within Sandy Run Industrial Park, alongside established businesses such as Smart Warehousing, Blanchard Machinery, Amazon, DAK Americas, ZEUS, The Home Depot, Republic National Distributing Company, Laguna Tools, Nephron Pharmaceuticals Corporation, and UPS. This prime location and expansive facility present a unique opportunity for businesses seeking a modern, efficient, and strategically located industrial space. The property is available for sale or lease.

    Property Features for 115 15 St

    General Information

    Property type
    Distribution properties
    Square Feet
    519,792 SF
    Lot Size
    2,178,000 SF

    We can help!

    Listing Contact
    Chuck Salley, SIOR
    Chuck Salley, SIOR

    Learn more

    Property Insight Report

    HighLights

    • 115 15th St, Gaston, SC 29053: 50‑acre lot with 519,792 - 1,161,888 SF industrial building, ready for immediate occupancy (October 2024 completion).
    • Building features include 98 dock‑high doors (9'2" x 10'), four drive‑in doors (12'2" x 14'), 40' clear height ceilings, ESFR sprinklers, and LED lighting.
    • Ample parking: 210 car spaces (expandable to 403) and 135 trailer spaces.
    • Excellent access to I‑26, I‑77 (approx. 4 miles), I‑20 (approx. 14 miles), and I‑95 (approx. 50 miles).
    • Located in Sandy Run Industrial Park, near major companies including Amazon, Home Depot, and UPS; available for sale or lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Pharmacy Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gaston
    County
    Calhoun
    State
    South Carolina
    Longitude
    -81.029505
    Latitude
    33.869241

    Nearby Comparable

    • $2,250,000
      14,200 SF

      Industrial Facility with Development Potential

      14,200 SF industrial facility on 7.6 acres for sale.
      100 Access Rd, Gaston, SC 29053
      View Details
    • $850,000
      51.00 Acres

      Prime Industrial Land, West Columbia SC

      ±51 Acres, Industrial Zoning, Development Ready
      0 Old Wire Rd, West Columbia, SC 29172
      View Details
    • $2,720,000

      252 Acres Near Amazon, Nephron

      252 acres of commercial/industrial land for sale.
      151 Old Wire Rd, West Columbia, SC 29172
      View Details
    • Contact for pricing
      6.25 Acres

      Charleston Hwy Commercial Land

      6.25 Acres, Prime West Columbia Location
      3820 Charleston Hwy, West Columbia, SC 29172
      View Details
    • Contact for pricing
      25.80 Acres

      Prime Cayce Commercial Land

      25.8 Acres, Hwy 321 & 21, SC
      3600 Charleston Hwy, Cayce, SC 29172
      View Details
    • $395,000
      4.00 Acres

      Gaston, SC Commercial Land

      Four acre commercial lot in a growing community near I-26.
      Old Sandy Run Rd, Gaston, SC 29053
      View Details
    • $825,000
      32.70 Acres

      Gaston, SC Commercial Land - $825K

      32.7 Acres, I-26 Access, Industrial Zoning
      494 Old Sandy Run Rd, Gaston, SC 29053
      View Details

    Nearby Similar for Sale

    • $2,250,000
      14,200 SF

      Industrial Facility with Development Potential

      14,200 SF industrial facility on 7.6 acres for sale.
      100 Access Rd, Gaston, SC 29053
      View Details
    • Contact for pricing
      519,792 SF

      Proposed Industrial Building For Sale

      Proposed 519,792 SF industrial building, expandable up to 1,161,888 SF.
      201 Integrity Way, Gaston, SC
      View Details
    • $2,500,000
      18,514 SF

      Retail Property in Gaston, SC

      Retail property available for sale in Gaston, South Carolina.
      1128 Mack St, Gaston, SC 29053
      View Details

    FAQs

    What type of property is this?
    Distribution property - Modern Distribution/Manufacturing Space
    Where is this distribution property located?
    The property is located at 115 15 St Gaston, SC.
    What are key features of this property?
    This property features: 115 15th St, Gaston, SC 29053: 50-acre lot with 519,792 - 1,161,888 SF industrial building, ready for immediate occupancy (October 2024 completion).; Building features include 98 dock-high doors (9'2" x 10'), four drive-in doors (12'2" x 14'), 40' clear height ceilings, ESFR sprinklers, and LED lighting.; Ample parking: 210 car spaces (expandable to 403) and 135 trailer spaces.
    Request Owner's contact information
    115 15 St Gaston, SC 29053
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 15 St
    Gaston, SC 29053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 15 St Gaston, SC 29053
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chuck Salley, SIOR
    Chuck Salley, SIOR
    Real Estate License ID: SC 25333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.