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    923 Commerce Cir Hanahan, SC 29410-3001
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    Property profile & analytics

    923 Commerce Cir, Hanahan, SC 29410-3001

    View on Map
    • Industrial properties
    • 50,220 SF
    • 6.25 lot acres
    Off-Market
    Property ID
    US77-0869971
    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.
    Value Estimations
    $4,545,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 923 Commerce Cir

    Lot size
    6.25 lot acres
    Zone code
    HANAHAN - ID
    Property type
    Industrial properties
    APN
    266-13-00-006
    APU
    2661300006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 25, 2018 — Trident Warehouse Invs LLC — Deed · related $974k · Bank Of Sc
    May 23, 2018 — Trident Warehouse Invs LLC — Deed · related $974k · Bank Of Sc
    May 25, 2000 $1,413,589 Trident Warehouse Inv LLC — Grant Deed · related —
    — — Trident Warehouse Invs LLC — Deed Of Trust · related $1.5M · Bank Of Sc
    — — Trident Warehouse Invs LLC — Deed Of Trust · related $974k · Bank Of Sc
    — — Trident Warehouse Invs LLC — Deed Of Trust · related $974k · Bank Of Sc

    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
    Hanahan
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.981
    Latitude
    32.9063
    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
    2023
    $45,337
    $38,921
    $125,856
    $164,777
    -
    $1,450,000
    $4,688,750
    $6,138,750

    Comparable in this City

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      $1,300,000
      14,016 SF

      1008 Bankton Cir

      INDUSTRIAL (GENERAL)
      1008 Bankton Cir, Hanahan, SC 29410-2925
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    • Value Estimation
      $1,180,000
      7,200 SF

      1017 Bankton Cir

      INDUSTRIAL (GENERAL)
      1017 Bankton Cir, Hanahan, SC 29410-2926
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    • Value Estimation
      $11,995,000
      162,360 SF

      1008 Trident St

      INDUSTRIAL (GENERAL)
      1008 Trident St, Hanahan, SC 29410-2904
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    • Value Estimation
      $22,785,000
      197,100 SF

      5801 Rhett Ave

      INDUSTRIAL (GENERAL)
      5801 Rhett Ave, Hanahan, SC 29410-2510
      View Details
    • Value Estimation
      $15,440,000
      210,664 SF

      904 Commerce Cir

      INDUSTRIAL (GENERAL)
      904 Commerce Cir, Hanahan, SC 29410-3002
      View Details
    • Value Estimation
      $4,040,000
      50,986 SF

      909 Commerce Cir

      INDUSTRIAL (GENERAL)
      909 Commerce Cir, Hanahan, SC 29410-3001
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    Similar Nearby for Sale

    • Contact for pricing
      25,841 SF

      Manufacturing Facility with Crane

      Industrial facility with heavy power, crane, and truck access.
      917 Commerce Cir, Hanahan, SC 29410
      View Details
    • $2,175,000

      Multi-Tenant Flex Building

      Partially renovated flex suites with new HVAC and flexible leasing, backed by ample parking on a light industrial site.
      1007 Bankton Cir, Hanahan, SC 29410
      View Details
    • New
      $69,500

      Residential Buildable Lot with Privacy

      Proposed lot in a non-HOA community, backing to the US Defense Fuel Depot for added separation from nearby homes.
      928 Valley St, Hanahan, SC 29410
      View Details
    • $295,000
      1,120 SF

      Move-In Ready Home Near Charleston

      2-bedroom home near Charleston, schools, dining, and medical care.
      7360 Suncatcher Dr, Hanahan, SC 29410
      View Details
    • $100,000

      Hanahan Commercial Land For Sale

      Commercial property in Hanahan, SC, zoned ''Town Center''.
      10 Carolyn St, Hanahan, SC 29410
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hanahan Industrial Spaces Available

      Industrial spaces available for lease in Hanahan, South Carolina.
      5801 N Rhett Ave, Hanahan, SC 29410
      View Details
    • Contact for pricing

      Office/Flex/Industrial Space For Rent

      Office, flex, and industrial space available for lease.
      1007 Bankton Cir, Hanahan, SC 29410
      View Details
    • Contact for pricing
      305,423 SF

      Industrial Park in North Charleston

      Class A industrial park centrally located near ports and interstates.
      1020 N Pointe Industrial Blvd, Hanahan, SC 29410
      View Details
    • $14 SF/Yr

      Manufacturing Facility with Crane

      Large manufacturing and warehouse layout near I-526, featuring air-conditioned production space, heavy power, and crane-ready capability.
      917 Commerce Cir, Hanahan, SC 29410
      View Details
    • Contact for pricing

      Hanahan Office Space For Rent

      Office space for rent in walkable Hanahan location.
      5823 Campbell St, Hanahan, SC 29410
      View Details
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    Hanahan, SC 29410-3001
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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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