Leased Retail Center For
For Sale
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1260 Ridgewood Dr, Orangeburg, SC 29118
5,000 SF fully leased retail center in Orangeburg, SC.
Property Size5,000 SF
Price / SF$135
Days on Market174
Property Features for 1260 Ridgewood Dr
General Information
Standard status
Active
Size
5,000 SF
Class
B
Property subtype
Retail
Building Details
Year Built
2006
Units
4
Listing Agency:
Reedy Commercial
(864) 201-2221
Listed By:
Chandler Ayers · License #104450
Source:
Crexi
Added: Feb 18
Changed: Aug 11
Last Checked: Aug 11 at 5:44AM
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 Reedy Commercial
Investment Insights
Based on property information with market context.
This 5,000 SF retail center, constructed in 2006, is fully leased and offers a stabilized investment opportunity. The building is divided into four 1,250 SF suites, providing flexible layouts suitable for various tenant uses. The property is located off St. Matthews Road, offering accessibility. It is approximately 3 miles from I-26 and Downtown Orangeburg, and within driving distance of Columbia and Charleston, positioning it within one of South Carolina's key growth corridors.
Key Highlights
- Fully leased retail center providing a stabilized investment opportunity.
- Strong in‑place income and proven operating history.
- Strategically located just off high‑traffic St. Matthews Road with excellent accessibility.
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
$29,568
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
4.38%
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%
$591,360
$591.4K
Cap Rate 7%
$422,400
$422.4K
Cap Rate 9%
$328,533
$328.5K
Market Conditions
NOI Build-Up for 5,000 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
$48.0K $9.60/SF
− Vacancy
−$5.8K −$1.15/SF
EGI
$42.2K $8.45/SF
− OpEx
−$12.7K −$2.53/SF
NOI
$29.6K $5.91/SF
Area
Orangeburg County, SC
Vacancy
12.00%
Lease Rate
$9.60 /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%
$591,360
Cap Rate 7%
$422,400
Cap Rate 9%
$328,533
Alternative Uses
Best Use
Retail
$422.4K
$369.6K – $492.8K
NOI $29,568 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$724.4K
$633.8K – $845.1K
NOI $50,706 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29118, SC
15,446
Population
6,742
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
89%
High-School Grad
76.6 sq mi
ZIP Area
202
Density / Sq Mi
$57,704
Median Household Income
$39,124
Median Earnings
$967
Median Rent
$160,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 5,000 SF fully leased retail center in Orangeburg, SC.
Where is this shopping center located?
The property is located at 1260 Ridgewood Dr Orangeburg, SC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully leased retail center providing a stabilized investment opportunity.; Strong in‑place income and proven operating history.; Strategically located just off high‑traffic St. Matthews Road with excellent accessibility.
