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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    139 Hanniford Dr Charleston, SC 29418

    • Manufacturing properties
    • 8,750 SF
    • 8.08 lot acres
    For Lease
    View listing
    Last Sale
    Nov 08, 2024
    $5,900,000
    Value Estimations
    $5,900,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0795408
    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

    • Ashley Steel Inc. / Steel Fabricator / Metal Fabricator

    Property Details for 139 Hanniford Dr

    Year built
    1990
    Construction
    METAL FRAME
    Lot size
    8.08 lot acres
    Property size
    8,750 SF
    Zone code
    I_DC
    Property type
    Manufacturing properties
    APN
    172-16-00-001
    APU
    1721600001

    Description

    This exceptional Charleston industrial property offers 41,650 square feet of versatile warehouse and distribution space across four buildings situated on a generous 8.08-acre lot. Located in Dorchester County, SC, at 139 Hanniford Drive, this Class B property boasts a prime location with frontage on Ashley Phosphate Road. Built in 1990 and extensively renovated in 2025, the property features a 22-foot ceiling height, nine drive-in doors, and ample parking. The buildings are currently vacant and available for lease as a whole (41,650 contiguous square feet), or divisible into two sites: Site A (12,565 minimum divisible square feet) encompassing Buildings 1 (2,883 SF office) and 2 (9,682 SF warehouse), and Site B (minimum divisible square feet 12,565) comprising Buildings 3 (4,060 SF warehouse) and 4 (25,125 SF warehouse). Recent renovations include new fencing with barbed wire and screening, new gates, fresh gravel, freshly painted buildings, upgraded LED lighting, and updated office spaces. The property is zoned Industrial (Dorchester County) and has a Dorchester County submarket designation. Both 1-phase and 3-phase power are available. The property's tax cost per square foot is $3.25. The APN is 172-16-00-001. This is a unique opportunity to acquire a well-maintained, recently renovated industrial property in a thriving Charleston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,900,000
      ML approach
      $5,900,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $9,620,000
      RESTAURANT
      $4,990,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.0908
    Latitude
    32.9205
    CBSA code
    16700
    CBSA name
    CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $328
    $43,632
    $42,000
    $85,632
    -
    $727,200
    $700,000
    $1,427,200

    Comparable in this City

    • Value Estimation
      $510,000
      18,000 SF

      4696 Franchise St

      MANUFACTURING (LIGHT) • 18,000 SF
      4696 Franchise St, North Charleston, SC 29418-2907
      View Details
    • Value Estimation
      $630,000
      11,200 SF

      4675 Franchise St

      MANUFACTURING (LIGHT) • 11,200 SF
      4675 Franchise St, North Charleston, SC 29418-2908
      View Details
    • Value Estimation
      $525,000
      6,250 SF

      131 Hanniford Dr

      MANUFACTURING (LIGHT) • 6,250 SF
      131 Hanniford Dr, North Charleston, SC 29418-8554
      View Details
    • Value Estimation
      $550,000
      16,000 SF

      Dorchester Mnr Blvd

      MANUFACTURING (LIGHT) • 16,000 SF
      Dorchester Mnr Blvd, North Charleston, SC 29418
      View Details
    • Value Estimation
      $1,470,000
      156,699 SF

      Appian Way

      MANUFACTURING (LIGHT) • 156,699 SF
      Appian Way, North Charleston, SC 29418
      View Details
    • Value Estimation
      $335,000
      2,000 SF

      Ashley Phosphate Rd

      MANUFACTURING (LIGHT) • 2,000 SF
      Ashley Phosphate Rd, North Charleston, SC 29418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.36 Acres

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      7,703 SF industrial building on 2.06 acres.
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    • $1,900,000
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      Two Warehouse Buildings For Sale

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    • $3,380,000
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      North Charleston Industrial Investment Property

      Industrial property in North Charleston with long-term lease in place.
      3185 Industry Dr, North Charleston, SC 29418
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    • Contact for pricing
      13,700 SF

      Warehouse Space in Palmetto Park

      13,700 SF warehouse space with easy access and parking.
      3296 Ashley Phosphate Rd, North Charleston, SC 29418
      View Details
    • Contact for pricing
      12 SF

      Renovated Flex Warehouse in Charleston

      Centrally located flex warehouse space with recent renovations, ready for occupancy.
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    Similar Nearby for Lease

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      North Charleston Industrial Building For Rent

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      View Details
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      Prime North Charleston Industrial Space

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    • Contact for pricing
      41,650 SF

      Charleston Industrial Portfolio

      Four Buildings, 41,650 SF, 8 Acres
      139 Hanniford Dr, Charleston, SC 29418
      View Details
    • Contact for pricing
      784,080 SF

      Charleston Industrial Land for Sale

      Heavy Industrial Land, Zoned M-2
      7101 Bryhawke Cir, North Charleston, SC 29418
      View Details
    • $24 SF/Yr
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      Warehouse with Fenced Yard

      14,350 SF warehouse with fenced yard for lease.
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      View Details
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      View Details
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    Charleston, SC 29418
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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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