Mixed-Use Property For
For Sale
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113 Railroad Avenue, Salley, SC 29137
Mixed-use property featuring 1,700 SF of space.
Property Size1,700 SF
Price / SF$100
Days on Market905
Property Features for 113 Railroad Avenue
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Mixed Use, Retail, Land, Hospitality, Office
Listing Agency:
Keller Williams Realty Aiken Partners
(803) 295-8573
Listed By:
Caleb Smith · License #SC104608
Source:
Crexi
Added: Feb 29, 2024
Changed: Aug 14
Last Checked: Aug 22 at 7:09AM
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 Keller Williams Realty Aiken Partners
Investment Insights
Based on property information with market context.
This mixed-use property offers 1,700 square feet of space and is available for sale. The property is located on Railroad Avenue in Salley, South Carolina.
Key Highlights
- Mixed‑Use Property
- 1,700 SF
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
$13,426
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
7.90%
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%
$268,520
$268.5K
Cap Rate 7%
$191,800
$191.8K
Cap Rate 9%
$149,178
$149.2K
Market Conditions
NOI Build-Up for 1,700 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
$23.9K $14.04/SF
− Vacancy
−$2.4K −$1.40/SF
EGI
$21.5K $12.64/SF
− OpEx
−$8.1K −$4.74/SF
NOI
$13.4K $7.90/SF
Area
Aiken County, SC
Vacancy
10.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
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%
$268,520
Cap Rate 7%
$191,800
Cap Rate 9%
$149,178
Alternative Uses
Best Use
Office B
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 10.32%
Second Best
Retail
$234.5K
$205.2K – $273.6K
NOI $16,416 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$327.7K
$286.7K – $382.3K
NOI $22,938 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 29137, SC
2,607
Population
1,294
Households
2
Avg Household Size
43
Median Age
14%
College-Educated
86%
High-School Grad
93.4 sq mi
ZIP Area
28
Density / Sq Mi
$38,710
Median Household Income
$35,167
Median Earnings
$650
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring 1,700 SF of space.
Where is this mixed-use property located?
The property is located at 113 Railroad Avenue Salley, SC.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Mixed‑Use Property; 1,700 SF
