Established Restaurant in Pickens,
For Sale
Contact for pricing
107 S Catherine St, Pickens, SC
3,607 SF restaurant on 0.42 acres with ample parking.
Property Size3,610 SF
Lot Size0.42 Acres
Price / SF$124.65
Days on Market1086
Property Features for 107 S Catherine St
General Information
Standard status
Active
Size
3,610 SF
Lot size
0.42 Acres
Property subtype
RETAIL
Listing Agency:
Wilson Kibler | Greenville
(864) 679-8600
Listed By:
Scott Snedigar · License #82732
(864) 444-4814
Source:
Moodyscre
Added: Sep 19, 2023
Changed: Sep 5
Last Checked: Sep 7 at 6:02AM
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 Wilson Kibler | Greenville
Investment Insights
Based on property information with market context.
This is a 3,607 square-foot restaurant situated on 0.42 acres. The restaurant has been family-owned and operated for almost 40 years. It has a seating capacity for 100 people and ample parking. The property is the only family-style restaurant in Pickens. It is fully sprinklered and includes a walk-in freezer and refrigerator. The restaurant also features office space and an exhaust hood with a fire suppression system in place.
Key Highlights
- 3,607 SF Restaurant on 0.42 Acres
- Seating capacity for 100 people
- Ample parking available
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
$35,079
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
7.80%
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%
$701,580
$701.6K
Cap Rate 7%
$501,129
$501.1K
Cap Rate 9%
$389,767
$389.8K
Market Conditions
NOI Build-Up for 3,610 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
$52.0K $14.40/SF
− Vacancy
−$1.9K −$0.52/SF
EGI
$50.1K $13.88/SF
− OpEx
−$15.0K −$4.16/SF
NOI
$35.1K $9.72/SF
Area
Pickens County, SC
Vacancy
3.60%
Lease Rate
$14.40 /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%
$701,580
Cap Rate 7%
$501,129
Cap Rate 9%
$389,767
Alternative Uses
Best Use
Retail
$501.1K
$438.5K – $584.7K
NOI $35,079 @ 7.0% cap · market cap 7.80%
Second Best
Specialty Retail
$223.7K
$195.8K – $261.0K
NOI $15,660 @ 7.0% cap · market cap 3.48%
Theoretical Best
Mixed Use
$533.8K
$467.1K – $622.7K
NOI $37,364 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
69k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
McDonald's
Dining
26,519 visits/mo
0.3 miles
Hardee's
Dining
9,280 visits/mo
0.4 miles
Dollar General
Shops & Services
7,048 visits/mo
0.4 miles
Arby's
Dining
6,928 visits/mo
0.4 miles
Truist
Shops & Services
4,261 visits/mo
0.0 miles
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
- BARBARA CATERING SERVICE — 321 W Jones Ave, Pickens, SC 29671, United States
Frequently Asked Questions
What type of property is this?
Restaurant - 3,607 SF restaurant on 0.42 acres with ample parking.
Where is this restaurant located?
The property is located at 107 S Catherine St Pickens, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,607 SF Restaurant on 0.42 Acres; Seating capacity for 100 people; Ample parking available
