Upgraded Four-Unit
For Sale
$420,000
108-114 Tonyota Ct, Orangeburg, SC 29118
Fully occupied residences feature off-street parking and recent improvements.
Property Size4,028 SF
Price / SF$104.27
Days on Market34
Property Features for 108-114 Tonyota Ct
General Information
Standard status
Active
Size
4,028 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
2001
Listing Agency:
The Moore Group - A Division of the Litchfield Company
(803) 531-2400
Listed By:
Janelle Mitchell · License #20350
Source:
Yourcharlestonhomelistings
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 25 at 8:10AM
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 The Moore Group - A Division of the Litchfield Company
Investment Insights
Based on property information with market context.
This four-unit quadplex contains 4,028 square feet and was built in 2001. Each residence offers a 2 br, 2 bath layout, with recent upgrades and functional interiors throughout. The property is currently tenant occupied, with all units occupied at the time of listing.
Off-street parking serves the property. Showings require 24 hours’ notice.
Off-street parking serves the property. Showings require 24 hours’ notice.
Key Highlights
- Four 2 br 2 bath units
- 4,028 SF quadplex built in 2001
- All units are currently occupied
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
$15,908
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
3.79%
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%
$318,160
$318.2K
Cap Rate 7%
$227,257
$227.3K
Cap Rate 9%
$176,756
$176.8K
Market Conditions
NOI Build-Up for 4,028 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
$29.0K $7.20/SF
− Vacancy
−$6.3K −$1.56/SF
EGI
$22.7K $5.64/SF
− OpEx
−$6.8K −$1.69/SF
NOI
$15.9K $3.95/SF
Area
Orangeburg County, SC
Vacancy
21.64%
Lease Rate
$7.20 /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%
$318,160
Cap Rate 7%
$227,257
Cap Rate 9%
$176,756
Alternative Uses
Best Use
Multifamily LT 5
$227.3K
$198.9K – $265.1K
NOI $15,908 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$205.3K
$179.6K – $239.5K
NOI $14,370 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$583.6K
$510.6K – $680.8K
NOI $40,849 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 29118, SC
15,446
Population
6,742
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
89%
High-School Grad
76.6 sq mi
ZIP Area
202
Density / Sq Mi
$57,704
Median Household Income
$39,124
Median Earnings
$967
Median Rent
$160,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residences feature off-street parking and recent improvements.
Where is this quadplex located?
The property is located at 108-114 Tonyota Ct Orangeburg, SC.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four 2 br 2 bath units; 4,028 SF quadplex built in 2001; All units are currently occupied
