Four-Bay Auto
For Sale
$174,900
112 E Main St., Andrews, SC 29510
COMMERCIAL/INDUSTRIAL, Andrews, SC
Property Size1,797 SF
Lot Size0.20 Acres
Price / SF$97.33
Days on Market94
Property Features for 112 E Main St.
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GC
Subdivision
54A Andrews Are--includes city of Andrews
Standard status
Active
Size
1,797 SF
Lot size
0.20 Acres
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
Sloan Realty Group
(843) 213-1346
Listed By:
Barron Calvert · License #13478
(843) 421-5197
Added: Jun 2
Changed: Aug 26
Last Checked: Sep 3 at 2:06AM
MLS# 2614212
Copyright © 2026 Coastal Carolina Association of REALTORS®. 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 1,797-square-foot automotive service building is configured with four service bays and is currently operating as an auto repair shop. The layout supports vehicle repair and maintenance operations, including tire service and fleet work. The property occupies 0.2 acres and carries GC zoning, providing a defined commercial setting for the existing automotive use.
Located at 112 E Main St. in Andrews, the property has over 180 feet of road frontage along Main Street. Its position within the Andrews business district places the building in a central commercial setting with direct street access and exposure to passing traffic.
Located at 112 E Main St. in Andrews, the property has over 180 feet of road frontage along Main Street. Its position within the Andrews business district places the building in a central commercial setting with direct street access and exposure to passing traffic.
Key Highlights
- Four service bays within a 1,797‑square‑foot automotive building
- Currently operating as an auto repair shop
- Over 180 feet of road frontage on Main Street
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
$11,114
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
6.35%
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%
$222,280
$222.3K
Cap Rate 7%
$158,771
$158.8K
Cap Rate 9%
$123,489
$123.5K
Market Conditions
NOI Build-Up for 1,797 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
$17.0K $9.48/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$15.9K $8.84/SF
− OpEx
−$4.8K −$2.65/SF
NOI
$11.1K $6.18/SF
Area
Georgetown County, SC
Vacancy
6.80%
Lease Rate
$9.48 /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%
$222,280
Cap Rate 7%
$158,771
Cap Rate 9%
$123,489
Alternative Uses
Best Use
Retail
$307.3K
$268.9K – $358.5K
NOI $21,510 @ 7.0% cap · market cap 12.30%
Second Best
Industrial
$158.8K
$138.9K – $185.2K
NOI $11,114 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$492.9K
$431.3K – $575.0K
NOI $34,502 @ 7.0% cap · market cap 19.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29510, SC
10,392
Population
4,310
Households
2.4
Avg Household Size
43
Median Age
11%
College-Educated
85%
High-School Grad
312.2 sq mi
ZIP Area
33
Density / Sq Mi
$46,768
Median Household Income
$29,849
Median Earnings
$744
Median Rent
$109,300
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
- Custom Collision Cycle — 255 Mill St suite b, Taylors, SC 29687
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- Certified Automotive — 4371 Wade Hampton Blvd, Taylors, SC 29687
- Anytime Towing & Services, LLC — 4384 Wade Hampton Blvd, Taylors, SC 29687
- Body Tech Collision Repair — 4390 Wade Hampton Blvd, Taylors, SC 29687
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service building with established repair-shop functionality and general commercial zoning.
Where is this auto shop located?
The property is located at 112 E Main St. Andrews, SC.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Four service bays within a 1,797‑square‑foot automotive building; Currently operating as an auto repair shop; Over 180 feet of road frontage on Main Street
