Restaurant Building with Lake
For Sale
Contact for pricing
103 Doe Run Ln Sec 10, Ridgeway, SC
Restaurant building with dock, boat slips, and outdoor cabana.
Property Size3,789 SF
Lot Size3.28 Acres
Price / SF$329.90
Days on Market1306
Property Features for 103 Doe Run Ln Sec 10
General Information
Standard status
Active
Size
3,789 SF
Lot size
3.28 Acres
Property subtype
RETAIL
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 728-8400
Listed By:
David Brock · License #58004
(803) 312-1908
Source:
Moodyscre
Added: Feb 16, 2023
Changed: Sep 12
Last Checked: Sep 13 at 11:37AM
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 ERA Wilder Realty Inc. - Columbia
Investment Insights
Based on property information with market context.
This is a 3,789 square foot retail restaurant building constructed in 2010 on a 3.11-acre lot. It presents a business opportunity as the only restaurant on Lake Wateree with a dock. The dock includes 16 boat slips. The property features a large outside cabana with picnic tables, flat screens, and a top-of-the-line kitchen. It also includes a full-service bar with built-in glass door refrigeration.
Key Highlights
- Only restaurant on Lake Wateree with a dock and 16 boat slips.
- Turnkey restaurant business opportunity.
- 3,789 SF Retail Restaurant Building.
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
$61,228
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
4.90%
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%
$1,224,560
$1.2M
Cap Rate 7%
$874,686
$874.7K
Cap Rate 9%
$680,311
$680.3K
Market Conditions
NOI Build-Up for 3,789 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
$86.4K $22.80/SF
− Vacancy
−$4.8K −$1.25/SF
EGI
$81.6K $21.55/SF
− OpEx
−$20.4K −$5.39/SF
NOI
$61.2K $16.16/SF
Area
Fairfield County, SC
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,224,560
Cap Rate 7%
$874,686
Cap Rate 9%
$680,311
Alternative Uses
Best Use
Specialty Retail
$874.7K
$765.4K – $1.02M
NOI $61,228 @ 7.0% cap · market cap 4.90%
Second Best
Retail
$769.3K
$673.2K – $897.5K
NOI $53,852 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$933.0K
$816.4K – $1.09M
NOI $65,310 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant building with dock, boat slips, and outdoor cabana.
Where is this restaurant located?
The property is located at 103 Doe Run Ln Sec 10 Ridgeway, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Only restaurant on Lake Wateree with a dock and 16 boat slips.; Turnkey restaurant business opportunity.; 3,789 SF Retail Restaurant Building.
