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    847 Edgefield Rd Belvedere, SC 29841

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    For Lease
    Contact for pricing

    Belvedere, SC Warehouse - 11,650 SF

    Lot size:
    11,650 SF

    Property Features for 847 Edgefield Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,650 SF
    Class
    B
    Total Rate
    11164.58

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 847 Edgefield Rd, Belvedere, SC 29841 Contact us
    Unit Total Building SF

    $11 /Mo

    Size
    8,000 SF
    Contact us

    We can help!

    Listing Contact
    Davis Beman
    Davis Beman

    Listing Agency: Beman Group RE Listing Agent: Davis Beman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 11,650-square-foot warehouse, located at 847 Edgefield Road in Belvedere, South Carolina, presents a significant investment opportunity. Situated on a generous 1.84-acre lot at the intersection of Edgefield Road and Southern Pines Drive, this Class B property boasts a single-tenant occupancy and offers significant potential for expansion or redevelopment. Built in 2004, the warehouse features a substantial 8,450 square feet of vacant space, ready for immediate occupancy. The existing tenant occupies the remaining space. The building's high ceilings, measuring 22 feet, provide ample vertical space for storage or specialized equipment. The property's zoning allows for retail, industrial, warehouse, and distribution uses, offering flexibility for a variety of businesses. The property's location in Belvedere, SC, zip code 29841, provides convenient access to major transportation routes, making it an ideal location for distribution and logistics operations. This versatile property is well-suited for businesses seeking a spacious warehouse with significant expansion potential in a prime location. The 1.84-acre lot offers ample room for future development or expansion of existing operations. This is a rare opportunity to acquire a well-located, sizable warehouse in a growing market. The property's combination of size, location, and flexibility makes it an attractive investment for both owner-occupiers and investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Belvedere
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.935669
    Latitude
    33.5522906

    FAQs

    What type of property is this?
    Neighborhood center - Belvedere, SC Warehouse - 11,650 SF
    Where is this neighborhood center located?
    The property is located at 847 Edgefield Rd Belvedere, SC.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 11,650 SF warehouse on 1.84-acre lot in Belvedere, SC (29841).; Class B building with 8,450 SF of vacant space, built in 2004.; 22' ceilings and a 16' roll-up door.
    (706) 823-6740 Call to check price and availability
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    847 Edgefield Rd Belvedere, SC 29841
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    Belvedere, SC 29841
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    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
    847 Edgefield Rd Belvedere, SC 29841
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Davis Beman
    Davis Beman
    (706) 823-6740 (706) 722-7331 (706) 538-4800
    Learn more
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