Four-Bay Auto
For Sale
$174,900
112 E Main St, Andrews, SC 29510
Automotive service building on Main Street with four service bays and an established auto repair use.
Property Size1,797 SF
Price / SF$97.33
Days on Market108
Property Features for 112 E Main St
General Information
Standard status
Active
Size
1,797 SF
Additional Details
Road Access
Yes
Service Bays
4
Building Details
Buildings
1
Abandoned
No
Listing Agency:
Sloan Realty Group
(843) 213-1346
Listed By:
Barron Calvert · License #13478
(843) 421-5197
Source:
Exprealty
Added: Jun 3
Changed: Sep 11
Last Checked: Sep 18 at 7:50AM
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 Sloan Realty Group
Investment Insights
Based on property information with market context.
This automotive service building at 112 E Main St is configured with four service bays and is currently operating as an auto repair shop. The layout supports hands-on vehicle servicing, including repair, maintenance, tire work, and fleet-related operations as described by the existing use.
Positioned on Main Street in the Andrews business district, the property has road frontage and exposure to passing traffic. Its central business-district setting places the building within the town’s established commercial area. The property offers an existing automotive-oriented configuration for continued service-shop use.
Positioned on Main Street in the Andrews business district, the property has road frontage and exposure to passing traffic. Its central business-district setting places the building within the town’s established commercial area. The property offers an existing automotive-oriented configuration for continued service-shop use.
Key Highlights
- Four service bays provide dedicated automotive work areas
- Currently operating as an auto repair shop
- Main Street location at 112 E Main St
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
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service building on Main Street with four service bays and an established auto repair use.
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 provide dedicated automotive work areas; Currently operating as an auto repair shop; Main Street location at 112 E Main St
