Warehouse/Retail Space Near
For Sale
Contact for pricing
280 Meeting St, Orangeburg, SC 29115
5884 SF warehouse/retail space built in 1920 for sale.
Property Size5,884 SF
Lot Size0.17 Acres
Price / SF$56.08
Days on Market1187
Property Features for 280 Meeting St
General Information
Standard status
Active
Size
5,884 SF
Lot size
0.17 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Buildings
1
Stories
1
Listing Agency:
The Litchfield Company - Commercial Division
(803) 535-6208
Listed By:
Cal Bruner · License #SC 4526
Source:
Crexi
Added: May 24, 2023
Changed: Aug 8
Last Checked: Aug 22 at 9:54AM
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 The Litchfield Company - Commercial Division
Investment Insights
Based on property information with market context.
Located near the Square at 280 Meeting Street, this 5884 square foot warehouse building was constructed in 1920 on a 0.17 acre lot. The property features a large, open area suitable for a retail showroom, storage warehouse, or event hall. It includes central HVAC, brick exterior walls, and cement flooring. There are 16 on-street parking spaces available. The property is sold in "As Is" condition. According to tax map # 0173-17-08-002, the 2020 property taxes were $854.22.
Key Highlights
- Large 5884 +/- Sq. Ft. Warehouse Building suitable for retail, storage, or events.
- Prime location at 280 Meeting Street near the Square.
- Brick Exterior Walls.
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
$24,466
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
7.41%
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%
$489,320
$489.3K
Cap Rate 7%
$349,514
$349.5K
Cap Rate 9%
$271,844
$271.8K
Market Conditions
NOI Build-Up for 5,884 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
$38.8K $6.60/SF
− Vacancy
−$3.9K −$0.66/SF
EGI
$35.0K $5.94/SF
− OpEx
−$10.5K −$1.78/SF
NOI
$24.5K $4.16/SF
Area
Orangeburg County, SC
Vacancy
10.00%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
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%
$489,320
Cap Rate 7%
$349,514
Cap Rate 9%
$271,844
Alternative Uses
Best Use
Retail
$497.1K
$435.0K – $579.9K
NOI $34,796 @ 7.0% cap · market cap 10.54%
Second Best
Warehouse
$470.7K
$411.9K – $549.2K
NOI $32,949 @ 7.0% cap · market cap 9.98%
Theoretical Best
Specialty Retail
$852.4K
$745.9K – $994.5K
NOI $59,671 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
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?
Retail space - 5884 SF warehouse/retail space built in 1920 for sale.
Where is this retail space located?
The property is located at 280 Meeting St Orangeburg, SC.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Large 5884 +/- Sq. Ft. Warehouse Building suitable for retail, storage, or events.; Prime location at 280 Meeting Street near the Square.; Brick Exterior Walls.
