Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Ardis St Summerville, SC 29483
    Back to Search
    Property profile & analytics

    103 Ardis St, Summerville, SC 29483

    View on Map
    • Industrial properties
    • 15,758 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Suraco Powder Coating / Powder Coating Service

    Property Details for 103 Ardis St

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 15,758-square-foot flex space in Summerville, South Carolina, presents a unique investment opportunity. Located on a 2.3-acre lot in the thriving Summerville submarket, this property offers significant flexibility. Currently configured as a single-tenant building, it's planned for renovation this summer, with completion anticipated in September. The renovation will divide the space into three +/- 5,500-square-foot units, each including an office component. The high ceilings, measuring 21 feet, provide ample vertical space. The property boasts 14x14-foot garage doors and three-phase power, catering to a variety of industrial and flex uses. Additional parking and outdoor storage areas are planned, enhancing the property's functionality. Its convenient location offers easy access to downtown Summerville. This property is ideal for businesses seeking a modern, efficient, and strategically located space in a growing area. The entire 15,758 square feet can also be leased as a single unit. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.2039
    Latitude
    33.0381

    Comparable in this City

    • Value Estimation by Request

      1056 Business Park Rd

      Flex space
      1056 Business Park Rd, Summerville, SC 29483
      View Details
    • Value Estimation by Request
      646,230 SF

      Jedburg SC Prt City Ctr Dr

      Distribution properties
      Jedburg SC Prt City Ctr Dr, Summerville, SC 29483
      View Details
    • Value Estimation by Request
      4,800 SF

      114 Lamplight Cir

      Distribution properties
      114 Lamplight Cir, Summerville, SC 29483
      View Details
    • Value Estimation by Request
      4,800 SF

      114 Lamplight Cir

      Distribution properties
      114 Lamplight Cir, Summerville, SC 29483
      View Details
    • Value Estimation by Request

      Industrial Rd

      Office Units
      0 Industrial Rd, Summerville, SC 29483
      View Details
    • Value Estimation by Request
      17.06 Acres

      850 Jedburg Rd

      Land
      850 Jedburg Rd, Summerville, SC 29483
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Summerville Warehouse with Laydown Yard

      4,800 SF warehouse with laydown yard on 1.25 acres.
      114 Lamplight Cir, Summerville, SC 29483
      View Details
    • Contact for pricing
      0.25 Acres

      Summerville Mixed-Use Land

      Three development options available. Fully permitted.
      2215 Central Ave, Summerville, SC 29483
      View Details
    • Contact for pricing

      Commercial Land Near The Ponds

      Commercial land for sale near growing residential area.
      11041 Dorchester Rd, Summerville, SC 29483
      View Details
    • Contact for pricing

      Prime Corner Lot in Summerville

      Over half an acre in Summerville's historic district.
      114 E Carolina Ave, Summerville, SC 29483
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      SC, Summerville - 700 Nexton Square Drive

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      700 Nexton Square Dr, Summerville, SC 29483
      View Details
    • Contact for pricing

      Flex Space with Rear Lay-Down Yard

      Flex building with office buildout, 16’ clear warehouse, and a rear lay-down yard sized to maneuver tractor trailers.
      806-A Beckham Ln, Summerville, SC 29483
      View Details
    • Contact for pricing
      15,000 SF

      Summerville Flex/Industrial Space Available

      Flex/Industrial space available for lease in Summerville, SC.
      130 Elliana Way, Summerville, SC 29483
      View Details
    • Contact for pricing
      5,025 SF

      New Flex Facility For Rent

      Newly constructed flex facility in Summerville, SC, for lease.
      111-113 Fabricators St, Summerville, SC 29483
      View Details
    • $10 SF/Yr
      128,000 SF

      Class A Warehouse - Summerville, SC

      Modern Distribution Space, Immediate Occupancy
      104 Pinnacle Way, Summerville, SC 29483
      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.
    103 Ardis St
    Summerville, SC 29483
    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
    103 Ardis St, Summerville, SC, 29483
    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!