Automotive Repair and Storage
For Sale
$1,250,000
1010 NE Main Street, Simpsonville, SC 29681
Automotive repair shop with detached storage and 16 parking spaces on C-2 zoned frontage.
Property Size2,000 SF
Lot Size0.53 Acres
Price / SF$438.60
Days on Market46
Property Features for 1010 NE Main Street
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
16
Lot size
0.53 Acres
Property subtype
Retail
Zoning
C-2
Site & Location
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,000 SF
Listing Agency:
SVN Palmetto
(864) 593-6644
Listed By:
Daniel Holloway · License #SC #106855
(864) 593-6644
Source:
Svn
Added: Jul 18
Changed: Aug 16
Last Checked: Aug 31 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Palmetto
Investment Insights
Based on property information with market context.
A half-acre commercial property offering a 12,000 SF automotive repair shop plus an additional 850 SF detached storage building. The site also includes 16 parking spaces, supporting everyday customer and service access.
The property has more than 100 feet of frontage along NE Main Street, which is reported to carry more than 23,000 vehicles per day. It is located in close proximity to I-385 and Highway 14 and is zoned C-2 in Greenville County.
With C-2 zoning and substantial street frontage, the improvements are suited to a range of commercial uses consistent with the district, while maintaining an existing automotive repair and storage configuration.
The property has more than 100 feet of frontage along NE Main Street, which is reported to carry more than 23,000 vehicles per day. It is located in close proximity to I-385 and Highway 14 and is zoned C-2 in Greenville County.
With C-2 zoning and substantial street frontage, the improvements are suited to a range of commercial uses consistent with the district, while maintaining an existing automotive repair and storage configuration.
Key Highlights
- ±12,000 SF automotive repair shop on a .53 AC parcel
- Additional ±850 SF detached storage building
- C‑2 zoning (Greenville County) allowing a wide variety of potential uses
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
$42,233
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
3.38%
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%
$844,660
$844.7K
Cap Rate 7%
$603,329
$603.3K
Cap Rate 9%
$469,256
$469.3K
Market Conditions
NOI Build-Up for 2,850 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
$62.6K $21.96/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$60.3K $21.17/SF
− OpEx
−$18.1K −$6.35/SF
NOI
$42.2K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /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%
$844,660
Cap Rate 7%
$603,329
Cap Rate 9%
$469,256
Alternative Uses
Best Use
Retail
$603.3K
$527.9K – $703.9K
NOI $42,233 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$156.9K
$137.3K – $183.1K
NOI $10,983 @ 7.0% cap · market cap 0.88%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,239 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
160k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Groceries 43%
Shops & Services 3%
Beauty & Spa 1%
Walmart Neighborhood Market
Groceries
39,058 visits/mo
0.2 miles
Chick-fil-A
Dining
30,523 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
30,357 visits/mo
0.3 miles
McDonald's
Dining
20,216 visits/mo
0.3 miles
Starbucks
Dining
15,674 visits/mo
0.2 miles
Demographics for 29681, SC
63,257
Population
25,079
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
43.7 sq mi
ZIP Area
1,448
Density / Sq Mi
$107,694
Median Household Income
$54,834
Median Earnings
$1,615
Median Rent
$325,700
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
- Brakes 4 Less — 721 NE Main St, Simpsonville, SC 29681
- The Towing Service, LLC — 801 NE Main St, Simpsonville, SC 29681
- Tint Solutions — 801 NE Main St, Simpsonville, SC 29681
- Elite Custom Paint & Body Shop — 972 N Maple St, Simpsonville, SC 29681
- Hipps Automotive Services Center — 904 NE Main St, Simpsonville, SC 29681
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair shop with detached storage and 16 parking spaces on C-2 zoned frontage.
Where is this auto shop located?
The property is located at 1010 NE Main Street Simpsonville, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: ±12,000 SF automotive repair shop on a .53 AC parcel; Additional ±850 SF detached storage building; C‑2 zoning (Greenville County) allowing a wide variety of potential uses
