Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6983 Okatie Hwy Ridgeland, SC 29936
    Back to Search
    Property profile & analytics

    6983 Okatie Hwy, Ridgeland, SC 29936

    View on Map
    • Warehouses
    • 1,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6983 Okatie Hwy

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 1,400 square foot commercial property in Ridgeland, South Carolina, offers a versatile space ideal for a variety of businesses. Located at 6983 N Okatie Hwy, this single-tenant building boasts excellent visibility and nearly 120 feet of frontage on Highway 170, ensuring high traffic exposure. The interior is thoughtfully designed with a reception area, multiple private offices, and a spacious warehouse featuring a large roll-up door for easy loading and unloading. Additional mezzanine storage space maximizes efficiency and provides ample room for inventory or supplies. The property is zoned General Commercial (GC) in Jasper County, allowing for a wide range of commercial uses, making it suitable for service providers, office users, and retailers. Convenient access, ample parking, and its prime location within minutes of the entire market make this an attractive opportunity. The building is currently vacant and ready for immediate occupancy. The property's address is 6983 N Okatie Hwy, Ridgeland, SC 29936.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Jasper
    State
    South Carolina
    Longitude
    -80.871
    Latitude
    32.3628

    Comparable in this City

    • Value Estimation by Request
      94,433 SF

      4255 Grays Hwy

      Distribution properties
      4255 Grays Hwy, Ridgeland, SC 29936
      View Details
    • Value Estimation by Request
      75,000 SF

      5393 Coosaw Scenic Dr

      Distribution properties
      5393 Coosaw Scenic Dr, Ridgeland, SC 29936
      View Details
    • Value Estimation by Request

      65 Schinger Ave

      Flex space
      65 Schinger Ave, Ridgeland, SC 29936
      View Details
    • Value Estimation by Request
      20,029 SF

      113 Jacob Smart Blvd

      Retail properties & Spaces
      113 Jacob Smart Blvd, Ridgeland, SC 29936
      View Details
    • Value Estimation by Request

      122 Riverwalk Blvd

      Medical Office Space
      122 Riverwalk Blvd, Ridgeland, SC 29936
      View Details
    • Value Estimation by Request
      6,000 SF

      3147 Argent Blvd

      Office Spaces
      3147 Argent Blvd, Coosawhatchie, SC 29936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,000 SF

      Ridgeland Commercial Property For Sale

      Prime commercial property in Ridgeland with redevelopment potential.
      668 Green St, Ridgeland, SC 29936
      View Details
    • $1,300,000
      13,000 SF

      Prime Commercial Property in Ridgeland

      13,000+ sq ft in central Ridgeland, suitable for various uses.
      668 Green St, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      Pending

      Ridgeland Warehouse with I-95 Frontage

      130,000 sqft leased warehouse with I-95 frontage.
      58 Firefly Dr, Ridgeland, SC 29936
      View Details
    • Contact for pricing

      Brewery/Warehouse Space in Riverwalk Park

      6,750 SF brewery/warehouse with tasting room in Riverwalk Business Park.
      591 Browns Cove Rd, Ridgeland, SC 29936
      View Details
    • Contact for pricing

      Flex Building in Riverwalk Business Park

      Multi-tenant flex building with office and warehouse/brewery spaces.
      591 Browns Cove Rd, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      12,000 SF

      Ridgeland Commercial Space For Sale

      12,000 SF commercial space near East Main Street/I-95/Hwy.17.
      175 Fordville Rd, Ridgeland, SC 29936
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Space Near Highway 170

      Flex space with office and warehouse components, convenient location.
      37 Hazzard Creek Dr E, Ridgeland, SC 29936
      View Details
    • Contact for pricing

      Ridgeland Flex Space Available

      Flex space with drive-up and dock doors for lease.
      175 Fordville Rd, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      1,200 SF

      Okatie Flex/Industrial Space Available

      Flex/Industrial space available for lease in Okatie, South Carolina.
      1089 Okatie Hwy, Okatie, SC 29936
      View Details
    • Contact for pricing

      Ridgeland Office Space Available

      Office space for sublease in well-maintained building.
      122 Riverwalk Blvd, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      1,820 SF

      Retail Space in Growing Area

      New retail space with high visibility on Highway 170.
      Okatie Hwy N, Ridgeland, SC 29936
      View Details
    Request Owner's contact information
    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.
    6983 Okatie Hwy
    Ridgeland, SC 29936
    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
    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

    Thank You for Inquiry
    6983 Okatie Hwy, Ridgeland, SC, 29936
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!