12-Bay Auto Service
For Sale
Contact for pricing
12 Lindsay Ave, Greenville, SC 29607
Operating automotive facility with service equipment, customer reception, offices, parts storage, and restrooms.
Property Size6,000 SF
Lot Size0.47 Acres
Price / SF$199.92
Days on Market42
Property Features for 12 Lindsay Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.47 Acres
Property subtype
RETAIL
Additional Details
Asking Price
$1,199,500
Service Bays
12
Amenities
11 roll-up doors
service pit
6 lifts
air compressor
all-fuels heater
FF&E
air-conditioned reception
office
parts room
2 restrooms
Listing Agency:
Joyner Commercial
(864) 313-9078
Listed By:
Matt Carter, SIOR, CCIM, BIC
(864) 313-9078
Source:
Moodyscre
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 10:32PM
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 Joyner Commercial
Investment Insights
Based on property information with market context.
This operating auto service facility measures Approx. 6,000 sf on .47 ac and is configured for automotive repair work. The property includes 12 bays, 11 roll-up doors, a service pit, and 6 lifts, along with an air compressor, all-fuels heater, and additional FF&E.
Interior support areas include air-conditioned reception, an office, a parts room, and 2 restrooms. The property is located at 12 Lindsay Ave in Greenville, SC 29607.
Interior support areas include air-conditioned reception, an office, a parts room, and 2 restrooms. The property is located at 12 Lindsay Ave in Greenville, SC 29607.
Key Highlights
- Approx. 6,000 sf on .47 ac
- 12 service bays and 11 roll‑up doors, most with cross‑entry access
- Service pit and 6 lifts
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
$88,912
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
7.41%
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%
$1,778,240
$1.8M
Cap Rate 7%
$1,270,171
$1.3M
Cap Rate 9%
$987,911
$987.9K
Market Conditions
NOI Build-Up for 6,000 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
$131.8K $21.96/SF
− Vacancy
−$4.7K −$0.79/SF
EGI
$127.0K $21.17/SF
− OpEx
−$38.1K −$6.35/SF
NOI
$88.9K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /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%
$1,778,240
Cap Rate 7%
$1,270,171
Cap Rate 9%
$987,911
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,912 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$330.3K
$289.0K – $385.4K
NOI $23,122 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,450 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Service bays
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
192k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 32%
Shops & Services 11%
Home Improvements & Furnishings 1%
Chick-fil-A
Dining
47,193 visits/mo
0.1 miles
Publix
Groceries
37,889 visits/mo
0.5 miles
Cook Out
Dining
24,234 visits/mo
0.1 miles
The Fresh Market
Groceries
23,242 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,771 visits/mo
0.2 miles
Demographics for 29607, SC
44,216
Population
22,288
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
1,525
Density / Sq Mi
$69,249
Median Household Income
$46,549
Median Earnings
$1,339
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
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Similar Off Market Nearby
- Meineke Car Care Center — 2390 Laurens Rd, Greenville, SC 29607
- Grease Monkey — 2408 Laurens Rd, Greenville, SC 29607
- Carlton Custom Motorsports — 312 S Pleasantburg Dr, Greenville, SC 29607
- Kevin Whitaker Cadillac Service — 2320 Laurens Rd, Greenville, SC 29607
- Fairway Ford — 2323 Laurens Rd, Greenville, SC 29607
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive facility with service equipment, customer reception, offices, parts storage, and restrooms.
Where is this auto shop located?
The property is located at 12 Lindsay Ave Greenville, SC.
What is the asking price?
The asking price for this property is $1,199,500.
What are key features of this property?
This property features: Approx. 6,000 sf on .47 ac; 12 service bays and 11 roll‑up doors, most with cross‑entry access; Service pit and 6 lifts
