Gas Station with Convenience
New
For Sale
$474,999
1798 Highway 701 N, Loris, SC 29569
COMMERCIAL/INDUSTRIAL, Loris, SC
Property Size1,318 SF
Lot Size2.45 Acres
Price / SF$360.39
Days on Market2
Property Features for 1798 Highway 701 N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
FA
Security features
Security System
Exterior features
Security System, Fuel Pump, Fixtures/Furniture, Restrooms - Public, Restrooms - Private, Display Windows, Sign, Outside Storage
Subdivision
01A Loris Area--West of Loris & North of HWY 9
Standard status
Active
Size
1,318 SF
Lot size
2.45 Acres
Building Details
Floors in Building
1
Number of units
1
Additional Structures
Storage
Listing Agency:
Century 21 Barefoot Realty · Century 21 Real Estate
(843) 390-2121
Listed By:
The Mills Group Team · License #17587
(843) 252-0847
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 11:06PM
MLS# 2623348
Copyright © 2026 Coastal Carolina 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.
Investment Insights
Based on property information with market context.
This gas station and convenience store occupies 1318 square feet on a 2.45-acre parcel. The property includes newer fuel pumps, a canopy, retail area, display windows, public and private restrooms, security equipment, signage, fixtures, furniture, and outside storage. The interior provides space for current convenience retail operations and includes features that support customer service and product display.
Positioned at 1798 Highway 701 N in Loris, the property has frontage along Highway 701 N and is zoned FA. The site combines an operating fuel-and-retail use with a sizable land component, while the existing improvements include a dedicated fueling area and covered pump structure.
Positioned at 1798 Highway 701 N in Loris, the property has frontage along Highway 701 N and is zoned FA. The site combines an operating fuel-and-retail use with a sizable land component, while the existing improvements include a dedicated fueling area and covered pump structure.
Key Highlights
- 2.45‑acre gas station and convenience store property
- 1318 square feet of building area
- Frontage on Highway 701 N in Loris, SC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,743
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,860
$434.9K
Cap Rate 7%
$310,614
$310.6K
Cap Rate 9%
$241,589
$241.6K
Market Conditions
NOI Build-Up for 1,318 SF
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.
Gross rent
$29.7K $22.56/SF
− Vacancy
−$743 −$0.56/SF
EGI
$29.0K $22.00/SF
− OpEx
−$7.2K −$5.50/SF
NOI
$21.7K $16.50/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,860
Cap Rate 7%
$310,614
Cap Rate 9%
$241,589
Alternative Uses
Best Use
Specialty Retail
$310.6K
$271.8K – $362.4K
NOI $21,743 @ 7.0% cap · market cap 4.58%
Second Best
Retail
$274.5K
$240.2K – $320.2K
NOI $19,214 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$334.0K
$292.3K – $389.7K
NOI $23,382 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 29569, SC
17,048
Population
7,504
Households
2.3
Avg Household Size
45
Median Age
10%
College-Educated
82%
High-School Grad
170.3 sq mi
ZIP Area
100
Density / Sq Mi
$50,659
Median Household Income
$34,719
Median Earnings
$776
Median Rent
$190,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Operational retail facility with fuel pumps, public and private restrooms, and display windows.
Where is this gas station located?
The property is located at 1798 Highway 701 N Loris, SC.
What is the asking price?
The asking price for this property is $474,999.
What are key features of this property?
This property features: 2.45‑acre gas station and convenience store property; 1318 square feet of building area; Frontage on Highway 701 N in Loris, SC
