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    Property profile & analytics

    114 Lamplight Cir Summerville, SC 29483

    • Flex space
    • 4,800 SF
    • 1.25 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2892823
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 114 Lamplight Cir

    Year built
    2023
    Lot size
    1.25 lot acres
    Property size
    4,800 SF
    Property type
    Flex space
    Property subtype
    Distribution centers
    APN
    121-00-00-320

    Description

    This exceptional Class A industrial property, located at 114 Lamp Light Cir, Summerville, SC 29483, presents a rare opportunity. Boasting 4,800 square feet of newly constructed warehouse space, this single-tenant building sits on a generous 1.25-acre lot zoned for industrial use. Built in 2023, the warehouse features a 22-foot clear ceiling height, providing ample vertical space for storage and operations. Three 12' wide by 16' tall drive-in roll-up doors ensure efficient loading and unloading of goods. Ample parking is available to accommodate tractor-trailers and other large trucks. The property also includes approximately 225 square feet of office space with a restroom. Its convenient location near Jedburg Road and Highway 78 in Dorchester County offers easy access to major transportation routes. The asking price is $1,375,000, representing a fee simple ownership opportunity. This property is ideal for distribution, flex, or warehouse operations. The APN is 121-00-00-320.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.270692
    Latitude
    33.0638

    Comparable in this City

    • Contact for pricing
      235 SF

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      Two rear-loaded industrial facilities totaling 548,864 SF, delivering Q4 2025.
      178 Quality Dr, Summerville, SC 29483
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      New Industrial Park Near Summerville

      New industrial park with warehouses and flex spaces for sale.
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    • $1,250,000
      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
    • $17,000,000
      17.06 Acres

      I-26 Summerville Commercial Land

      17 Acres, I-26 Frontage, High Traffic
      850 Jedburg Rd, Summerville, SC 29483
      View Details
    • $2,850,000
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      Summerville Commercial Land - 3.4 Acres

      Prime Summerville location, high visibility, development potential.
      1756 Main St, Summerville, SC 29483
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    • $1,100,000
      1.85 Acres

      Summerville Commercial Land - $1.1M

      1.85 Acres, High-Traffic Location, GC Zoning
      1844 Main St, Summerville, SC 29483
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      235 SF

      New Industrial Facilities in Summerville

      Two rear-loaded industrial facilities totaling 548,864 SF, delivering Q4 2025.
      178 Quality Dr, Summerville, SC 29483
      View Details
    • Contact for pricing
      15,000 SF

      New Industrial Park Near Summerville

      New industrial park with warehouses and flex spaces for sale.
      Cember Way, Summerville, SC 29483
      View Details
    • $1,250,000
      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
    • $17,000,000
      17.06 Acres

      I-26 Summerville Commercial Land

      17 Acres, I-26 Frontage, High Traffic
      850 Jedburg Rd, Summerville, SC 29483
      View Details
    • $2,850,000
      3.25 Acres

      Prime Summerville Commercial Land

      3.25 Acres, High Traffic, Build-to-Suit
      1756 Main St, 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

    Similar Nearby for Lease

    • Contact for pricing
      646,230 SF

      Port City Centre: Industrial Flex Space

      Modern Industrial Space, Multiple Suites Available
      Jedburg SC Port City Center Dr, Summerville, SC 29483
      View Details
    • $10 SF/Yr
      128,000 SF

      Class A Warehouse - Summerville, SC

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      104 Pinnacle Way, Summerville, SC 29483
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      1,581,526 SF

      Coastal Crossroads Industrial Park

      Modern Manufacturing & Distribution Space
      400 Strathmore Rd, Summerville, SC 29483
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    • $7 SF/Yr
      322,400 SF

      Summerville Logistics Park Space

      Distribution center space available in Summerville, South Carolina.
      157 Belgium Way, Summerville, SC 29483
      View Details
    • Contact for pricing
      575,000 SF

      Summerville Office & Warehouse Space

      Flexible Office & Industrial Space in SC
      369 Cypress Dr, Summerville, SC 29483
      View Details
    • $14 SF/Yr
      40,875 SF

      Summerville Warehouse Space Available

      Class A Warehouses, 10,000-15,000 SF
      0 Cember Way, Summerville, SC 29483
      View Details
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    114 Lamplight Cir
    Summerville, SC 29483
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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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