Automotive Sales and Service
For Sale
$275,000
203 S Pine Street, Batesburg, SC 29006
COMMERCIAL/INDUSTRIAL, Batesburg, SC
Property Size800 SF
Lot Size2.00 Acres
Price / SF$343.75
Days on Market42
Property Features for 203 S Pine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking
10
Directions
Located across from SC DMV in Batesburg SC at HWY 391 and HWY 178.
Subdivision
Rural W Lexington Co - Batesburg etc
Standard status
Active
Size
800 SF
Lot size
2.00 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
EXIT Real Est Consultants · EXIT Realty
(803) 358-0888
Listed By:
Joey Hardee · License #101183
(803) 358-0888
Added: Jul 21
Changed: Aug 19
Last Checked: Aug 30 at 11:06PM
MLS# 639123
Copyright © 2026 Consolidated MLS, SC. 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 property is currently set up as an automotive sales and service facility, with an approximately 800-square-foot office building and an approximately 1,200-square-foot shop area. The shop includes a vehicle lift, supporting automotive repair, service, or related commercial activity. Built in 1974, the site includes plenty of parking and space that can be used for vehicle display, customer parking, or future expansion, and it sits on approximately two acres.
The property is located at the intersection of Highway 391 and Highway 178, with visibility and access at this junction. It is directly across from the South Carolina DMV, placing the site within a high-traffic commercial corridor.
Additional on-site accommodations include the on-property office and the shop configuration, making the property well suited for an owner-user or other buyer seeking a versatile automotive-ready commercial setup.
The property is located at the intersection of Highway 391 and Highway 178, with visibility and access at this junction. It is directly across from the South Carolina DMV, placing the site within a high-traffic commercial corridor.
Additional on-site accommodations include the on-property office and the shop configuration, making the property well suited for an owner-user or other buyer seeking a versatile automotive-ready commercial setup.
Key Highlights
- Commercial automotive sales and service facility on approx. 2 acres at the intersection of Hwy 391 and Hwy 178
- Directly across from the South Carolina DMV
- Includes approx. 800 SF office building and approx. 1,200 SF shop with a vehicle lift
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
$8,056
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
2.93%
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%
$161,120
$161.1K
Cap Rate 7%
$115,086
$115.1K
Cap Rate 9%
$89,511
$89.5K
Market Conditions
NOI Build-Up for 800 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
$12.0K $15.00/SF
− Vacancy
−$492 −$0.61/SF
EGI
$11.5K $14.39/SF
− OpEx
−$3.5K −$4.32/SF
NOI
$8.1K $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$161,120
Cap Rate 7%
$115,086
Cap Rate 9%
$89,511
Alternative Uses
Best Use
Retail
$115.1K
$100.7K – $134.3K
NOI $8,056 @ 7.0% cap · market cap 2.93%
Second Best
Industrial
$70.7K
$61.9K – $82.5K
NOI $4,948 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$214.9K
$188.0K – $250.7K
NOI $15,040 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,525 visits/mo
0.4 miles
Exxon
Shops & Services
4,248 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
2,902 visits/mo
0.1 miles
Mavis Discount Tire
Shops & Services
1,263 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
471 visits/mo
0.4 miles
Demographics for 29006, SC
9,608
Population
4,256
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
79%
High-School Grad
138.1 sq mi
ZIP Area
70
Density / Sq Mi
$50,797
Median Household Income
$37,354
Median Earnings
$829
Median Rent
$136,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ibarras tires — 339 Willis St, Batesburg-Leesville, SC 29006
- B-L Rental & Inflatables — 213 Willis St, Batesburg-Leesville, SC 29006
- S & M Tire & Oil Inc — 665 W Columbia Ave, Batesburg-Leesville, SC 29006
- Ridge Auto Electric Services — 119 N Ridgell St, Batesburg-Leesville, SC 29006
- Dewitts Muffler shop — 617 W Columbia Ave, Batesburg-Leesville, SC 29006
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive sales and service facility with an office and shop space, including a vehicle lift on approximately two acres.
Where is this auto shop located?
The property is located at 203 S Pine Street Batesburg, SC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Commercial automotive sales and service facility on approx. 2 acres at the intersection of Hwy 391 and Hwy 178; Directly across from the South Carolina DMV; Includes approx. 800 SF office building and approx. 1,200 SF shop with a vehicle lift
