Belton Commercial Property For
For Sale
$625,000
224 S Main St, Belton, SC 29627
COMMERCIAL/INDUSTRIAL, Belton, SC
Property Size1,504 SF
Lot Size0.76 Acres
Price / SF$415.56
Days on Market96
Property Features for 224 S Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Central Business District
Directions
Take 85 South to Exit 34 and go left. Right onto Cherokee Road, left onto Cherokee Rd, take first exit onto Joe Black Rd, right onto Belton Highway. Property will be on your left.
Subdivision
Anderson
Standard status
Active
Size
1,504 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Listing Agency:
Keller Williams Realty
(864) 574-6000
Listed By:
Amanda Mershon · License #130827
(864) 641-5641
Added: May 18
Changed: Aug 19
Last Checked: Aug 21 at 12:06PM
MLS# 337213
Copyright © 2026 Spartanburg Association of REALTORS, Inc. 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 commercial property is located in Belton, SC. Currently operating as a tire and brake shop, this property offers potential for investors, owner-operators, or businesses seeking exposure. The property is situated in a high-traffic location with over 2900 feet of road frontage, providing visibility and accessibility. The building, totaling 1504 square feet, is suitable for continued automotive use and could accommodate retail, service, industrial, or mixed-use ventures. The property includes parcels 249-03-09-005-000 and is situated on a 0.76-acre lot.
Key Highlights
- High traffic location with over 2900 feet of road frontage, providing exceptional visibility and easy access.
- Currently operating as a successful tire and brake shop, demonstrating existing business viability.
- Versatile property suitable for continued automotive use or various commercial ventures (retail, service, industrial, mixed‑use).
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
$30,447
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
4.87%
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%
$608,940
$608.9K
Cap Rate 7%
$434,957
$435.0K
Cap Rate 9%
$338,300
$338.3K
Market Conditions
NOI Build-Up for 1,504 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
$45.1K $30.00/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$43.5K $28.92/SF
− OpEx
−$13.0K −$8.68/SF
NOI
$30.4K $20.24/SF
Area
Anderson County, SC
Vacancy
3.60%
Lease Rate
$30.00 /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%
$608,940
Cap Rate 7%
$434,957
Cap Rate 9%
$338,300
Alternative Uses
Best Use
Industrial
$968.4K
$847.4K – $1.13M
NOI $67,788 @ 7.0% cap · market cap 10.85%
Second Best
Retail
$435.0K
$380.6K – $507.5K
NOI $30,447 @ 7.0% cap · market cap 4.87%
Theoretical Best
Multifamily LT 5
$16.28M
$14.25M – $19.00M
NOI $1,139,886 @ 7.0% cap · market cap 182.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29627, SC
18,871
Population
7,330
Households
2.6
Avg Household Size
43
Median Age
15%
College-Educated
87%
High-School Grad
118.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,353
Median Household Income
$37,302
Median Earnings
$890
Median Rent
$154,200
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
- Belton Tire Services — 203 Anderson St, Belton, SC 29627
- Main Street Tire and Brake — 224 S Main St, Belton, SC 29627
- Cothran Towing- Heavy Duty Towing and Recovery — 108 Anderson St, Belton, SC 29627
- JONATHAN LANDSCAPING — 94 juilindr, Belton, SC 29627
- S&S Automotive — 121 n main st, belton, sc 29627
Frequently Asked Questions
What type of property is this?
Auto shop - Prime commercial property with high visibility and versatile potential.
Where is this auto shop located?
The property is located at 224 S Main St Belton, SC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: High traffic location with over 2900 feet of road frontage, providing exceptional visibility and easy access.; Currently operating as a successful tire and brake shop, demonstrating existing business viability.; Versatile property suitable for continued automotive use or various commercial ventures (retail, service, industrial, mixed‑use).
