For Sale
$5,500,000
13755 East Wade Hampton Boulevard, Greer, SC 29651
Auto shops
Property Size11,374 SF
Days on Market121
Property Features for 13755 East Wade Hampton Boulevard
General Information
Standard status
Active
Size
11,374 SF
Property subtype
Retail
Building Details
Building Size
11,374 SF
Listing Agency:
McCoy Wright Commercial Real Estate
Listed By:
Max Kinser · License #109810
(404) 791-0865
Source:
Mccoywright
Added: May 8
Changed: Aug 31
Last Checked: Sep 5 at 5:39AM
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 McCoy Wright Commercial Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- ±5.215‑acre automotive dealership site along E Wade Hampton Blvd in Greer, SC, with zoned CC (Commercial Corridor).
- ±11,374 SF total across two buildings: ±6,344 SF showroom/office and ±5,030 SF service/parts.
- Showroom and office space includes reception, customer waiting, offices, and support areas, positioned along ±780’ of primary frontage.
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
$168,547
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
3.06%
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%
$3,370,940
$3.4M
Cap Rate 7%
$2,407,814
$2.4M
Cap Rate 9%
$1,872,744
$1.9M
Market Conditions
NOI Build-Up for 11,374 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
$249.8K $21.96/SF
− Vacancy
−$9.0K −$0.79/SF
EGI
$240.8K $21.17/SF
− OpEx
−$72.2K −$6.35/SF
NOI
$168.5K $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%
$3,370,940
Cap Rate 7%
$2,407,814
Cap Rate 9%
$1,872,744
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.81M
NOI $168,547 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$626.2K
$547.9K – $730.5K
NOI $43,831 @ 7.0% cap · market cap 0.80%
Theoretical Best
Office A
$4.86M
$4.25M – $5.67M
NOI $340,177 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Apparel 11%
Electronics 10%
Beauty & Spa 9%
Dollar Tree
Shops & Services
17,956 visits/mo
0.2 miles
Fred Anderson Toyota Of Greer
Shops & Services
5,408 visits/mo
0.2 miles
Cato
Apparel
4,660 visits/mo
0.2 miles
GameStop
Electronics
4,069 visits/mo
0.2 miles
D & D Motors, Inc.
Shops & Services
3,058 visits/mo
0.4 miles
Demographics for 29651, SC
50,778
Population
21,738
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
89.6 sq mi
ZIP Area
567
Density / Sq Mi
$80,748
Median Household Income
$47,077
Median Earnings
$1,021
Median Rent
$264,200
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.
Similar Off Market Nearby
- arey motors — 507 E Fairview Ave, Greer, SC 29651
- Walmart Auto Care Centers — 14055 E Wade Hampton Blvd, Greer, SC 29651
- GSR Automobile Repairing — 101 Francis St, Greer, SC 29651
- Steve's Muffler Shop — 510 Arlington Rd, Greer, SC 29651
- Complete Automotive Repair — 101 Francis St, Greer, SC 29651
Frequently Asked Questions
Where is this auto shop located?
The property is located at 13755 East Wade Hampton Boulevard Greer, SC.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: ±5.215‑acre automotive dealership site along E Wade Hampton Blvd in Greer, SC, with zoned CC (Commercial Corridor).; ±11,374 SF total across two buildings: ±6,344 SF showroom/office and ±5,030 SF service/parts.; Showroom and office space includes reception, customer waiting, offices, and support areas, positioned along ±780’ of primary frontage.
