Turnkey Auto Mechanic
For Sale
$1,050,000
2428 Decker Boulevard, Columbia, SC 29206
Fully functioning auto mechanic shop with equipment, lifts, and ample on-site parking on a high-traffic road.
Property Size5,670 SF
Lot Size0.50 Acres
Price / SF$185.19
Days on Market560
Property Features for 2428 Decker Boulevard
General Information
Standard status
Active
Size
5,670 SF
Lot size
0.50 Acres
Property subtype
General Commercial
Additional Details
Business Included
Yes
Traffic Count
23,000 vehicles/day
Service Bays
8
Amenities
Central Air
Metal
20 Parking Spaces.
78.4X141.7X82.1X209.9X169
Building Details
Year Built
1985
Stories
1
Listing Agency:
Century 21 Vanguard
(803) 781-1623
Listed By:
Rob Brannan · License #67628
Source:
Xome
Added: Feb 2, 2025
Changed: Aug 12
Last Checked: Aug 16 at 3:41AM
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 Century 21 Vanguard
Investment Insights
Based on property information with market context.
This sale offers a fully functioning auto mechanic shop being sold as a turnkey operation, including the building, equipment, inventory, computer systems, and related components needed to continue operating. The building is 5,670 square feet and includes eight base with lifts to support vehicle service work.
The property is located on a very busy road with an indicated traffic count of over 23,000 vehicles per day. The site provides ample parking, with the lot described as approximately half an acre.
The business has been in operation for over 15 years and is described as having a loyal client base. The purchase includes all of the noted operational items, making it well-suited for an immediate continuation of shop operations by a qualified buyer.
The property is located on a very busy road with an indicated traffic count of over 23,000 vehicles per day. The site provides ample parking, with the lot described as approximately half an acre.
The business has been in operation for over 15 years and is described as having a loyal client base. The purchase includes all of the noted operational items, making it well-suited for an immediate continuation of shop operations by a qualified buyer.
Key Highlights
- Fully functioning auto mechanic shop offered with equipment, inventory, computer systems, and everything needed to operate
- 5600 SF building built in 1985 with eight bays and base with lifts
- Central air cooling
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
$80,587
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
7.67%
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%
$1,611,740
$1.6M
Cap Rate 7%
$1,151,243
$1.2M
Cap Rate 9%
$895,411
$895.4K
Market Conditions
NOI Build-Up for 5,670 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
$122.5K $21.60/SF
− Vacancy
−$7.3K −$1.30/SF
EGI
$115.1K $20.30/SF
− OpEx
−$34.5K −$6.09/SF
NOI
$80.6K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /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%
$1,611,740
Cap Rate 7%
$1,151,243
Cap Rate 9%
$895,411
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,587 @ 7.0% cap · market cap 7.67%
Second Best
Industrial
$989.0K
$865.3K – $1.15M
NOI $69,227 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,733 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
23,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
103k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 33%
Shops & Services 32%
Food Lion Grocery Store
Groceries
34,127 visits/mo
0.1 miles
McDonald's
Dining
15,803 visits/mo
0.2 miles
Dollar General
Shops & Services
13,742 visits/mo
0.1 miles
KFC
Dining
9,561 visits/mo
0.0 miles
Little Caesars Pizza
Dining
7,923 visits/mo
0.0 miles
Demographics for 29206, SC
19,304
Population
9,460
Households
2
Avg Household Size
39
Median Age
64%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$89,726
Median Household Income
$59,690
Median Earnings
$1,367
Median Rent
$328,600
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
Questions? Ask Rey
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Similar Off Market Nearby
- D's Automotive — 2428 Decker Blvd, Columbia, SC 29206
- Brakes-4-Less — 2471 Decker Blvd, Columbia, SC 29206
- Pep Boys — 2455 Decker Blvd, Columbia, SC 29206
- Maaco Auto Body Shop & Painting — 2465 Decker Blvd, Columbia, SC 29206
- Econo Auto Painting — 2412 Decker Blvd, Columbia, SC 29206
Frequently Asked Questions
What type of property is this?
Auto shop - Fully functioning auto mechanic shop with equipment, lifts, and ample on-site parking on a high-traffic road.
Where is this auto shop located?
The property is located at 2428 Decker Boulevard Columbia, SC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully functioning auto mechanic shop offered with equipment, inventory, computer systems, and everything needed to operate; 5600 SF building built in 1985 with eight bays and base with lifts; Central air cooling
