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    Walhalla Restaurant Property on Main Title is generated by Realmo AI

    100 -102 W Main Street, Walhalla, SC 29691

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    Claim this Listing
    For Sale
    Under Contract
    $299,000

    SINGLE_FAMILY - Walhalla, SC

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $149/SF
    Added:
    Jan 13, 2026
    Days on Market:
    130
    Last Refresh:
    May 23 at 2:06 pm

    Property Features for 100 -102 W Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active Under Contract
    APN
    500-15-08-004 PO
    Size
    2,000 SF
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1935
    Building materials
    Brick, Block, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Cliff Powell
    Cliff Powell

    Listing agent Cliff Powell License #98545

    Listing office Powell Real Estate 3802 BLUE RIDGE BLVD, Walhalla, SC

    Listing date Jan 13, 2026

    MLS# 20296291

    Copyright © 2026 Western Upstate Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 2,000 sq. ft. restaurant property, move‑in ready and completely remodeled.
    • High visibility location on Main Street at the corner of Hwy 28 and N. College Street with high foot traffic.
    • Streetside and interior dining options, plus a small storefront for gatherings or potential retail.
    • Located in fast‑growing Walhalla, known as the "Main Street to the Mountains," near lakes and the Chattooga River.
    • Walking distance to the Performing Arts Center, future Hotel Alum, and the Walhalla Wanderweg greenway.
    • Property available for lease at $2,000 per month, offering flexible investment options.

    Overview

    Located on Main Street in Walhalla, this 2,000 sq. ft. restaurant property is move-in ready and completely remodeled, offering both streetside and interior dining options. A small storefront next door provides dining space for gatherings or potential retail space attached to the restaurant. Situated on the corner of Hwy 28 (Main Street) and N. College Street, the property benefits from high visibility and foot traffic. The 0.06-acre lot is within walking distance of the Performing Arts Center, the future Hotel Alum, and the Walhalla Wanderweg greenway. Walhalla, located at the base of the Blue Ridge Mountains and close to Lake Keowee, Jocassee, Hartwell, and the Chattooga River, is known as the "Main Street to the Mountains." This area is suitable for a long-term investment, combining natural beauty with a thriving community and tourism. The property has income potential in a rapidly developing location.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $289.2K
    NOI $26,028 @ 9.00% cap · cautious / downside scenario
    Moderate
    $371.8K
    NOI $26,028 @ 7.00% cap · market / base-case scenario
    Aggressive
    $520.6K
    NOI $26,028 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $36.0k $18.00
    − Vacancy −$1.3k −$0.65
    EGI $34.7k $17.35
    − OpEx −$8.7k −$4.34
    NOI $26.0k $13.01
    2,000 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $371.8K
    $325.4K – $433.8K (±1% cap)
    NOI $26,028 @ 7.0% cap · market cap 8.71%
    Second Best
    Retail
    $347.0K
    $303.7K – $404.9K (±1% cap)
    NOI $24,293 @ 7.0% cap · market cap 8.12%
    Theoretical Best
    Office A
    $502.1K
    $439.3K – $585.7K (±1% cap)
    NOI $35,144 @ 7.0% cap · market cap 11.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blue Ridge Bank Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walhalla
    County
    Oconee
    State
    South Carolina
    Longitude
    -83.06576
    Latitude
    34.765338

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    FAQs

    What type of property is this?
    Turn key restaurant - Move-in ready restaurant with high visibility and foot traffic.
    Where is this turn key restaurant located?
    The property is located at 100 -102 W Main Street Walhalla, SC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Prime 2,000 sq. ft. restaurant property, move‑in ready and completely remodeled.; High visibility location on Main Street at the corner of Hwy 28 and N. College Street with high foot traffic.; Streetside and interior dining options, plus a small storefront for gatherings or potential retail.
    (864) 985-2353
    We can help!
    Listing Contact
    Cliff Powell
    Cliff Powell
    Real Estate License ID: 98545
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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.

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