Auto Body Shop Investment
129 Sherland Dr Boiling Springs, SC 29316
For Sale
$465,000
3,000 sq. ft. auto body shop with public water and sewer access on 0.67 acres, with established tenants in place.
Property Size3,000 SF
Lot Size0.67 Acres
Price / SF$155
Days on Market35
Property Features for 129 Sherland Dr
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.67 Acres
Listing Agency:
Keller Williams Realty
(864) 641-5641
Listed By:
Amanda Mershon · License #130827
(864) 641-5641
Source:
Exprealty
Added: Jun 26
Changed: Jul 26
Last Checked: Jul 29 at 1:26PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This investment property features a successful 3,000 sq. ft. auto body shop on a 0.67-acre site. The property includes public water and existing septic, with sewer access available, which may support flexibility for future growth and expansion. Established tenants are in place.
Located in Boiling Springs in the heart of a thriving commercial corridor, the site is approximately 1 mile from Interstate 85, offering convenient access for customers and deliveries.
Showings are strictly by appointment only, and tenants should not be disturbed.
Located in Boiling Springs in the heart of a thriving commercial corridor, the site is approximately 1 mile from Interstate 85, offering convenient access for customers and deliveries.
Showings are strictly by appointment only, and tenants should not be disturbed.
Key Highlights
- 3,000 sq. ft. auto body shop in Boiling Springs with established tenants in place
- Commercial property on 0.67 acres, near booming commercial growth in the area
- Approximately 1 mile from Interstate 85
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$4.7k | −$1.57 |
| EGI | $49.3k | $16.43 |
| − OpEx | −$14.8k | −$4.93 |
| NOI | $34.5k | $11.50 |
3,000 SF · lease $18.00/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,258 @ 7.0% cap · market cap 28.87%
Second Best
Retail
$493.0K
$431.4K – $575.2K
NOI $34,511 @ 7.0% cap · market cap 7.42%
Theoretical Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,028 @ 7.0% cap · market cap 35.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Koonce Towing — 107 Ranch Rd, Spartanburg, SC 29303
- Spartanburg Collision — 8180 Valley Falls Rd, Spartanburg, SC 29303
- Nancy's paint and body llc — 213 Ranch Rd, Spartanburg, SC 29303
- Affliction Towing and Recovery — 1350 Upper Valley Falls Rd, Boiling Springs, SC 29316
- Kisel Automotive — 230 4th St, Boiling Springs, SC 29316
Frequently Asked Questions
What type of property is this?
Auto shop - 3,000 sq. ft. auto body shop with public water and sewer access on 0.67 acres, with established tenants in place.
Where is this auto shop located?
The property is located at 129 Sherland Dr Boiling Springs, SC.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 3,000 sq. ft. auto body shop in Boiling Springs with established tenants in place; Commercial property on 0.67 acres, near booming commercial growth in the area; Approximately 1 mile from Interstate 85
