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    115 15 St Gaston, SC 29053

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    115 15 St Gaston, SC 29053

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    • Warehouses
    • 519,792 SF
    • 50.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 115 15 St

    Lot size
    50.00 lot acres
    Property size
    519,792 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gaston
    County
    Calhoun
    State
    South Carolina
    Longitude
    -81.0295
    Latitude
    33.8692

    Comparable in this City

    • Value Estimation by Request
      519,792 SF

      115 15 St

      Distribution properties • 519,792 SF
      115 15 St, Gaston, SC 29053
      View Details
    • Value Estimation by Request
      4,332 SF

      212 Meadowfield Rd

      MINI-WAREHOUSE, STORAGE • 4,332 SF
      212 Meadowfield Rd, Gaston, SC 29053-9379
      View Details
    • Value Estimation by Request
      1,500 SF

      500 Long Spires Rd

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      500 Long Spires Rd, Gaston, SC 29053-9382
      View Details
    • Value Estimation by Request
      9,150 SF

      329 Main St

      MINI-WAREHOUSE, STORAGE • 9,150 SF
      329 Main St, Gaston, SC 29053-9250
      View Details
    • Value Estimation by Request
      1,000 SF

      3516 Fish Hatchery Rd

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      3516 Fish Hatchery Rd, Gaston, SC 29053-9484
      View Details
    • Value Estimation
      $1,735,000
      39,216 SF

      700 Southbound Rd

      MINI-WAREHOUSE, STORAGE • 39,216 SF
      700 Southbound Rd, Gaston, SC 29053
      View Details

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    Similar Nearby for Lease

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      Sandy Run Industrial Park Phase II

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    Gaston, SC 29053
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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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