Retail Building on Martintown
For Sale
Contact for pricing
523 E Martintown Rd, North Augusta, SC 29841
Commercial building on busy road, ideal for retail.
Property Size4,264 SF
Lot Size0.42 Acres
Price / SF$170.03
Days on Market160
Property Features for 523 E Martintown Rd
General Information
Standard status
Active
Size
4,264 SF
Lot size
0.42 Acres
Property subtype
Retail
Building Details
Year Built
1972
Stories
1
Listing Agency:
Jordan Trotter Commercial Real Estate
(706) 736-1031
Listed By:
Robert McCrary · License #GA 434698
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Jul 19 at 8:07AM
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 Jordan Trotter Commercial Real Estate
Investment Insights
Based on property information with market context.
This corner commercial property is located on Martintown Road, which has a traffic volume of 24,100 vehicles per day, near the intersection of Atomic Road, which sees 25,000 vehicles per day. The property offers visibility and access on the main retail corridor in North Augusta, SC. Neighboring businesses include Sprint Foods, Wendy’s, Freddy’s Frozen Custard & Steakburgers, KFC, AutoZone, and Krystal, along with other regional and national businesses. The 4,264 square foot commercial building is currently operated as a retail business. The interior features open retail space with rear storage, an office, and a restroom area. The exterior of the building is brick with a commercial glass storefront and includes 23 parking spaces. This location is suitable for a quick-service restaurant, coffee shop, or other retail space. The property owner also owns the 0.42-acre parcel directly behind the subject property and is willing to sell it, making it suitable for expansion or additional parking.
Key Highlights
- High‑traffic corner location on Martintown Road (24,100 VPD) near Atomic Road (25,000 VPD).
- Excellent visibility and access on North Augusta's main retail corridor.
- 4,264 SF commercial building suitable for QSR, coffee shop, or retail.**
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
$41,176
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
5.68%
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%
$823,520
$823.5K
Cap Rate 7%
$588,229
$588.2K
Cap Rate 9%
$457,511
$457.5K
Market Conditions
NOI Build-Up for 4,264 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
$61.4K $14.40/SF
− Vacancy
−$2.6K −$0.60/SF
EGI
$58.8K $13.80/SF
− OpEx
−$17.6K −$4.14/SF
NOI
$41.2K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /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%
$823,520
Cap Rate 7%
$588,229
Cap Rate 9%
$457,511
Alternative Uses
Best Use
Retail
$588.2K
$514.7K – $686.3K
NOI $41,176 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$821.9K
$719.2K – $958.9K
NOI $57,533 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
197k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Dining 28%
Apparel 19%
Home Improvements & Furnishings 1%
Walmart
Superstores
102,507 visits/mo
0.5 miles
Belk
Apparel
32,095 visits/mo
0.4 miles
Taco Bell
Dining
17,845 visits/mo
0.3 miles
SONIC Drive In
Dining
16,793 visits/mo
0.4 miles
Burger King
Dining
10,311 visits/mo
0.3 miles
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
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?
Retail space - Commercial building on busy road, ideal for retail.
Where is this retail space located?
The property is located at 523 E Martintown Rd North Augusta, SC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High‑traffic corner location on Martintown Road (24,100 VPD) near Atomic Road (25,000 VPD).; Excellent visibility and access on North Augusta's main retail corridor.; 4,264 SF commercial building suitable for QSR, coffee shop, or retail.**
