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    1247 Nexton Pkwy Summerville, SC 29486
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    1247 Nexton Pkwy Summerville, SC 29486

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

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    • Retail properties & Spaces

    Property Details for 1247 Nexton Pkwy

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 1247 Nexton Pkwy in Summerville, South Carolina, within Berkeley County. The property, known as the Home Telecom Technology Center, offers five individual retail spaces currently available for lease. While the total square footage for the entire building is not currently specified, each space provides a unique chance to establish a thriving business in a vibrant and growing community. The property's "Multiple" tenancy designation suggests a diverse and potentially synergistic tenant mix. The address places the property conveniently within the Nexton Parkway area of Summerville, offering excellent visibility and accessibility. This prime location in South Carolina provides easy access to major roadways and a strong customer base. The property type is classified as retail commercial, ideal for a variety of businesses seeking a high-traffic location. Interested parties are encouraged to inquire for specific details regarding individual space sizes and lease terms. This is a fantastic opportunity to secure retail space in a thriving Summerville development. The zip code for this property is 29486. Further information regarding lease terms and individual space specifications is available upon request. Don't miss this chance to become part of the Nexton community.

    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
    Summerville
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.1529
    Latitude
    33.0583

    Comparable in this City

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      Metropolitan Ave

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      0.75 Acres

      1761-1769 State Rd

      Land • 1 SF
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      30.00 Acres

      Nexton Pkwy

      Multifamily properties • 30.00 Acres
      0 Nexton Pkwy, Summerville, SC 29486
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    Similar Nearby for Sale

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      5,800 SF

      Nexton Parkway Retail Spaces

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      1237 Nexton Pkwy, Summerville, SC 29486
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    • $18,000,000
      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property for sale or lease in Nexton, Summerville.
      1227 Nexton Pkwy, Summerville, SC 29486
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      Nexton Commercial Land For Sale

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      New Self-Storage and Retail Facility

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      3 Acres of Versatile Land

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    Similar Nearby for Lease

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      Retail Space in Downtown Nexton

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      Commercial Land For Ground Lease

      Approximately 1.0 acre of commercial land available for lease.
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      Mixed-Use Building in Downtown Nexton

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      Mixed-Use Concept in Nexton

      Walkable mixed-use concept with office, retail, and restaurant spaces.
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    Summerville, SC 29486
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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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    1247 Nexton Pkwy, Summerville, SC, 29486
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