Convenience Store Retail
For Sale
$275,000
305 N Main St, Darlington, SC 29532
COMMERCIAL - Darlington, SC
Property Size2,601 SF
Price / SF$105.73
Days on Market182
Property Features for 305 N Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
DARLINGTON
Standard status
Active
Size
2,601 SF
Taxes and HOA fees
Tax Annual Amount
4263
Building Details
Year built
1981
Listing Agency:
Drayton Realty Group
(843) 407-5232
Listed By:
Kenneth Godbold
(843) 468-1309
Added: Feb 25
Changed: Aug 4
Last Checked: Aug 26 at 5:06AM
MLS# 20253324
Copyright © 2026 Pee Dee Realtor Association. 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 retail space is suitable for a convenience store, mini-mart, quick service restaurant, or takeout food service. It may also fit uses such as a tobacco shop, specialty grocer, or a liquor/beverage store. The premises are presented as ready for a new operator’s concept.
The property is located at 305 N Main St in Darlington, South Carolina.
One key site detail: there are no gas tanks on the property for gas storage, which can help narrow compatibility for convenience- or retail-focused tenants planning around fueling operations.
The property is located at 305 N Main St in Darlington, South Carolina.
One key site detail: there are no gas tanks on the property for gas storage, which can help narrow compatibility for convenience- or retail-focused tenants planning around fueling operations.
Key Highlights
- Year built: 1981
- Space suited for convenience store, mini‑mart, quick service restaurant/takeout, or specialty retail concepts
- No gas tanks on the property for gas storage
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
$16,321
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
5.93%
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%
$326,420
$326.4K
Cap Rate 7%
$233,157
$233.2K
Cap Rate 9%
$181,344
$181.3K
Market Conditions
NOI Build-Up for 2,601 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
$25.9K $9.96/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$23.3K $8.96/SF
− OpEx
−$7.0K −$2.69/SF
NOI
$16.3K $6.27/SF
Area
Darlington County, SC
Vacancy
10.00%
Lease Rate
$9.96 /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%
$326,420
Cap Rate 7%
$233,157
Cap Rate 9%
$181,344
Alternative Uses
Best Use
Specialty Retail
$4.81M
$4.21M – $5.61M
NOI $336,738 @ 7.0% cap · market cap 122.45%
Second Best
Retail
$233.2K
$204.0K – $272.0K
NOI $16,321 @ 7.0% cap · market cap 5.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29532, SC
19,572
Population
9,641
Households
2
Avg Household Size
42
Median Age
15%
College-Educated
85%
High-School Grad
114.8 sq mi
ZIP Area
170
Density / Sq Mi
$41,810
Median Household Income
$27,378
Median Earnings
$885
Median Rent
$120,400
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
- Piggly Wiggly — 401 Pearl St, Darlington, SC 29532
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail space at 305 N Main St suited for convenience or quick-service food concepts, with no gas tanks on site.
Where is this grocery and convenience store located?
The property is located at 305 N Main St Darlington, 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: Year built: 1981; Space suited for convenience store, mini‑mart, quick service restaurant/takeout, or specialty retail concepts; No gas tanks on the property for gas storage
