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    2500 St Matthews Rd Orangeburg, SC 29118
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    2500 St Matthews Rd Orangeburg, SC 29118

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    • Warehouses
    • 326,536 SF
    • 34.36 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2500 St Matthews Rd

    Year built
    1986
    Lot size
    34.36 lot acres
    Property size
    326,536 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This expansive industrial property, located at 2500 St. Matthews Road NE in Orangeburg, South Carolina, offers a significant opportunity for businesses seeking substantial warehouse, manufacturing, distribution, or flex space. The property encompasses two connected buildings totaling approximately 326,536 square feet situated on a generous 34.36-acre lot. Built in 1986 and renovated in 1998, the facility boasts a range of desirable features including a 30'-36' ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by 19 dock-high doors, each equipped with bumpers and seals, and manual levers. The property also includes approximately 319 parking spaces and a graveled truck yard, ensuring convenient access and ample room for vehicle maneuvering. A substantial 6,318-square-foot office space is also included. The property benefits from a robust power supply, featuring two 480-volt entrances rated from 800 to 1,200 amps, and a comprehensive wet pipe sprinkler system for fire protection. Strategically located in Orangeburg County, within South Carolina's Global Logistics Triangle, this property offers excellent access to major transportation arteries, including proximity to I-26 (approximately 3.5 miles), I-95 (approximately 25 miles), and I-20 (approximately 40 miles). Its central location between the state capital, Columbia, and the Port of Charleston further enhances its logistical advantages. The entire 326,536 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire facility. The property's size, features, and location make it an ideal choice for a variety of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orangeburg
    County
    Orangeburg
    State
    South Carolina
    Longitude
    -80.8438
    Latitude
    33.5294

    Comparable in this City

    • Value Estimation
      $12,760,000
      320,700 SF

      2500 Saint Matthews Rd

      DISTRIBUTION WAREHOUSE • 320,700 SF
      2500 Saint Matthews Rd, Orangeburg, SC 29118-1320
      View Details
    • Value Estimation by Request
      4.89 Acres

      Hwy S-38-61

      MINI-WAREHOUSE, STORAGE • 4.89 Acres
      Hwy S-38-61, Orangeburg, SC 29118
      View Details
    • Value Estimation by Request
      3,240 SF

      5979 Nn Rd

      MINI-WAREHOUSE, STORAGE • 3,240 SF
      5979 Nn Rd, Orangeburg, SC 29118-9222
      View Details
    • Value Estimation by Request
      5,000 SF

      Orangeburg, SC 29118

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      Orangeburg, SC 29118
      View Details
    • Value Estimation by Request
      1,600 SF

      831 Red Bank Rd

      MINI-WAREHOUSE, STORAGE • 1,600 SF
      831 Red Bank Rd, Orangeburg, SC 29118
      View Details
    • Value Estimation by Request
      10,895 SF

      2664 Saint Matthews Rd

      MINI-WAREHOUSE, STORAGE • 10,895 SF
      2664 Saint Matthews Rd, Orangeburg, SC 29118-1344
      View Details

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    Similar Nearby for Lease

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      326,536 SF

      Orangeburg Warehouse and Distribution Space

      326,536 SF warehouse/distribution space near I-26.
      2500 Saint Matthews Rd, Orangeburg, SC 29118
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    • Contact for pricing
      60,000 SF

      Orangeburg Flex/Industrial Space Available

      60000 SF flex/industrial space for lease in Orangeburg.
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      Restaurant Space Available For Rent

      Restaurant and retail spaces available for rent.
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      Orangeburg Commercial Property for Lease

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      View Details
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    Orangeburg, SC 29118
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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
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