Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2110 Commerce Dr Cayce, SC 29033

    • Warehouses
    • 5,990 SF
    • 1.86 lot acres
    For Lease
    View listing
    Last Sale
    Aug 07, 2023
    $900,000
    Value Estimations
    $815,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1327607
    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

    • Warehouses

    Property Details for 2110 Commerce Dr

    Year built
    1970
    Lot size
    1.86 lot acres
    Property size
    5,990 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    005756-01-003
    APU
    575601003

    Description

    This exceptional 17,900-square-foot flex space, located at 2110 Commerce Drive in Cayce, South Carolina, presents a remarkable opportunity for businesses seeking a versatile industrial property. Situated on a generous 1.86-acre lot, this single-tenant building offers ample space for various operational needs. The high ceilings, ranging from 21 to 23 feet, provide excellent vertical clearance for storage or specialized equipment. The property boasts convenient access with one loading dock and five drive-in doors, ensuring efficient loading and unloading of goods. Parking is plentiful, with 35 spaces available for employees and visitors. The building is equipped with robust 400-amp, three-phase power, suitable for demanding industrial applications. The M-1 Light Industrial zoning allows for a wide range of permitted uses. This property is ideally located in Lexington County, South Carolina, with the precise address being 2110 Commerce Drive, Cayce, SC 29033. The entire 17,900 square feet is currently vacant, making it an ideal space for immediate occupancy. This property offers a unique blend of functionality and convenience, making it an attractive option for businesses seeking a well-equipped and strategically located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $820,000
      ML approach
      $805,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $690,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $779,000
      Market price range: $240k - $780k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $490,000
      Current use
      MEDICAL BUILDING
      $1,270,000
      Change: +159% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $780,000
      Change: +59% Conversion: Difficult
      OFFICE BUILDING
      $735,000
      Change: +49% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $730,000
      Change: +49% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $635,000
      Change: +30% Conversion: Moderate
      RETAIL STORES
      $510,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cayce
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0905
    Latitude
    33.9546
    CBSA code
    17900
    CBSA name
    COLUMBIA, 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
    $0.00
    $4,860
    $20,920
    $25,780
    -
    $81,000
    $348,668
    $429,668

    Comparable in this City

    • Value Estimation by Request
      800 SF

      1771 Airport Blvd

      WAREHOUSE, STORAGE • 800 SF
      1771 Airport Blvd, Cayce, SC 29033-1805
      View Details
    • Value Estimation by Request
      9,408 SF

      1910 10th St

      MINI-WAREHOUSE, STORAGE • 9,408 SF
      1910 10th St, Cayce, SC 29033
      View Details
    • Value Estimation by Request
      2,500 SF

      1900 10th St

      WAREHOUSE, STORAGE • 2,500 SF
      1900 10th St, Cayce, SC 29033-3636
      View Details
    • Value Estimation by Request
      7,500 SF

      1900-1902 10th St

      WAREHOUSE, STORAGE • 7,500 SF
      1900-1902 10th St, Cayce, SC 29033
      View Details
    • Value Estimation
      $900,000
      8,400 SF

      1144 Walter Price Rd

      WAREHOUSE, STORAGE • 8,400 SF
      1144 Walter Price Rd, Cayce, SC 29033-3525
      View Details
    • Value Estimation
      $1,280,000
      29,400 SF

      1133 Walter Price Rd

      WAREHOUSE, STORAGE • 29,400 SF
      1133 Walter Price Rd, Cayce, SC 29033-3526
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Office and Warehouse Investment Property

      Office and warehouse property for sale with light industrial zoning.
      2236 Frink St, Cayce, SC 29033
      View Details
    • Contact for pricing
      8,829 SF

      Cayce Industrial Property for Sale

      Industrial property in Cayce, SC, near Charleston Hwy.
      1516 Lafayette Ave, Cayce, SC 29033
      View Details
    • $1,500,000
      1,100 SF

      Commercial Property in Cayce, SC

      Commercial property suitable for auto shop or retail in Cayce.
      2842 Charleston Hwy, Cayce, SC 29033
      View Details
    • $30,000
      1.06 Acres

      Spacious Lot in Moss Creek

      One-acre lot in Cayce's Moss Creek community.
      Creek Bottom Dr, Cayce, SC 29033
      View Details
    • $685,000
      5,128 SF

      Office Building Near Downtown Columbia

      Office building with multiple suites, ideal for owner occupant.
      1202 Indigo Ave, Cayce, SC 29033
      View Details
    • Contact for pricing

      Residential Development Lot For Sale

      Unimproved lot zoned for residential and high-rise development.
      Taylor Rd, Cayce, SC 29033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,900 SF

      Cayce Flex Space For Rent

      Well-maintained flex space with two buildings and double lot.
      642 Frink St, Cayce, SC 29033
      View Details
    • Contact for pricing
      2,500 SF

      Cayce Warehouse with Ample Parking

      Warehouse space with drive-in access and paved parking available for lease.
      2409 Taylor Rd, Cayce, SC 29033
      View Details
    • Contact for pricing
      31,884 SF

      Warehouse with Fenced Yard

      31,884 SF warehouse with a fully fenced yard for lease.
      2028 Charleston Hwy, Cayce, SC 29033
      View Details
    • Contact for pricing
      3,500 SF

      Industrial Warehouse with Fenced Yard

      3,500 SF industrial/warehouse space with convenient highway access.
      913 Poplar St, Cayce, SC 29033
      View Details
    • Contact for pricing
      8,000 SF

      Cayce Trucking Space For Lease

      Trucking space for lease with crossdock and large fenced yard.
      2301 Airport Blvd, Cayce, SC 29033
      View Details
    • Contact for pricing
      4,900 SF

      Flex Space with Cranes

      Flex space with office, cranes, and convenient location for lease.
      1147 Walter Price Rd, Cayce, SC 29033
      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.
    2110 Commerce Dr
    Cayce, SC 29033
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!