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    1237 Nexton Pkwy Summerville, SC 29486
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    1237 Nexton Pkwy, Summerville, SC 29486

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    • Retail properties & Spaces
    • 5,800 SF
    • 4,500.00 lot acres
    For Sale
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    Nexton Parkway Retail Spaces For Sale
    Contact for pricing
    5,800 SF

    Nexton Parkway Retail Spaces

    Summerville, SC: Prime Retail/Office

    1237 Nexton Pkwy, Summerville, SC 29486
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1237 Nexton Pkwy

    Lot size
    4,500.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located at 1237 Nexton Parkway, Building 2, in Summerville, South Carolina, presents a unique investment opportunity. The Hub @ Nexton offers a variety of spaces ranging from 5,800 to 30,000 square feet, suitable for restaurant, medical office, or retail uses. The property features a two-story building situated on a 4,500-acre lot, with a land value of $500 per square foot. The development boasts a thoughtfully designed, walkable mixed-use concept centered around an expansive courtyard featuring water features, outdoor seating, and landscaped areas. This prime location within the Nexton master-planned community provides exceptional visibility and accessibility, with direct access to I-26 and proximity to numerous amenities including restaurants, retail shops, hotels, parks, and other medical services. The Hub @ Nexton is a thriving community, already home to a diverse range of established businesses. Parking is ample, with a ratio of 4 spaces per 1,000 square feet. The lease type is NNN, and multiple tenancies are available. Phase I is completely sold out, with limited space remaining in Phase II. This is an unparalleled chance to secure a presence in a rapidly growing and highly desirable area of Summerville, South Carolina, zip code 29486. The property is available for lease or sale.

    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
    -80.1108
    Latitude
    33.0844

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      5,800 SF

      Nexton Parkway Retail Spaces

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    • Contact for pricing
      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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      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property in Nexton with office, retail, and restaurant spaces.
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      Nexton Commercial Land For Sale

      1 to 6.02 acres of commercial land available.
      Metropolitan Ave @ Sigma Dr, Summerville, SC 29486
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      Central Avenue Multifaceted Investment Opportunity

      Unique property with residential, office, and warehouse components.
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      Summerville Flex Warehouse on 10 Acres

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    Similar Nearby for Lease

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      Mixed-Use Concept in Nexton

      Walkable mixed-use concept with office, retail, and restaurant spaces.
      1237 Nexton Pkwy, Summerville, SC 29486
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      Commercial Land For Ground Lease

      Approximately 1.0 acre of commercial land available for lease.
      Sigma Dr, Summerville, SC 29486
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      1,500 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease in Summerville, SC.
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      Class A Medical Office Space

      Class A medical/general office space in Nexton mixed-use development.
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      1 SF

      Summerville Retail Opportunity

      High-traffic location, two spaces available
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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.

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