Darlington Convenience Store on 1.8
For Sale
$300,000
3316 Governor Williams Hwy North, Darlington, SC 29532
2850 SF convenience store on 1.8 acres for sale.
Property Size2,850 SF
Lot Size1.80 Acres
Price / SF$105.26
Days on Market171
Property Features for 3316 Governor Williams Hwy North
General Information
Standard status
Active
Size
2,850 SF
Lot size
1.80 Acres
Property subtype
Mixed Use
Listing Agency:
Coldwell Banker Commercial Seaboard McMillan
(843) 665-8803
Listed By:
Danny Wright · License #31875
(843) 665-8803
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 10
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker Commercial Seaboard McMillan
Investment Insights
Based on property information with market context.
This convenience store is situated on a 1.8-acre lot located on North Governor Williams Highway in Darlington, South Carolina. The store building provides 2850 square feet of space.
Key Highlights
- Convenience store on a spacious 1.8 acre lot.
- Located on North Governor Williams Highway.
- Situated in Darlington, SC.
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
$17,883
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
5.96%
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%
$357,660
$357.7K
Cap Rate 7%
$255,471
$255.5K
Cap Rate 9%
$198,700
$198.7K
Market Conditions
NOI Build-Up for 2,850 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
$28.4K $9.96/SF
− Vacancy
−$2.8K −$1.00/SF
EGI
$25.5K $8.96/SF
− OpEx
−$7.7K −$2.69/SF
NOI
$17.9K $6.27/SF
Area
Darlington County, SC
Vacancy
10.00%
Lease Rate
$9.96 /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%
$357,660
Cap Rate 7%
$255,471
Cap Rate 9%
$198,700
Alternative Uses
Best Use
Specialty Retail
$5.27M
$4.61M – $6.15M
NOI $368,975 @ 7.0% cap · market cap 122.99%
Second Best
Retail
$255.5K
$223.5K – $298.1K
NOI $17,883 @ 7.0% cap · market cap 5.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29532, SC
19,572
Population
9,641
Households
2
Avg Household Size
42
Median Age
15%
College-Educated
85%
High-School Grad
114.8 sq mi
ZIP Area
170
Density / Sq Mi
$41,810
Median Household Income
$27,378
Median Earnings
$885
Median Rent
$120,400
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.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 2850 SF convenience store on 1.8 acres for sale.
Where is this grocery and convenience store located?
The property is located at 3316 Governor Williams Hwy North Darlington, SC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Convenience store on a spacious 1.8 acre lot.; Located on North Governor Williams Highway.; Situated in Darlington, SC.
