Retail
For Sale
Contact for pricing
444 Hampton Ave, Pickens, SC 29671
Retail property located on Hampton Avenue in Pickens, South Carolina.
Property Size4,250 SF
Price / SF$125
Days on Market516
Property Features for 444 Hampton Ave
General Information
Standard status
Active
Size
4,250 SF
Property subtype
Retail, Office
Building Details
Buildings
1
Stories
1
Listing Agency:
The Burgess Company
(864) 672-6080
Listed By:
James Jayroe · License #SC 84713
Source:
Crexi
Added: Apr 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:45PM
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 The Burgess Company
Investment Insights
Based on property information with market context.
This retail property is located at 444 Hampton Avenue in Pickens, South Carolina. The listing identifies the space as 4,250 square feet and presents it for sale. Its classification supports retail use, with the source information also identifying office space as a potential commercial format.
Key Highlights
- 4,250‑square‑foot retail property
- Located at 444 Hampton Avenue, Pickens, SC 29671
- Classified as retail space
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
$41,298
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
7.77%
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%
$825,960
$826.0K
Cap Rate 7%
$589,971
$590.0K
Cap Rate 9%
$458,867
$458.9K
Market Conditions
NOI Build-Up for 4,250 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
$61.2K $14.40/SF
− Vacancy
−$2.2K −$0.52/SF
EGI
$59.0K $13.88/SF
− OpEx
−$17.7K −$4.16/SF
NOI
$41.3K $9.72/SF
Area
Pickens County, SC
Vacancy
3.60%
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%
$825,960
Cap Rate 7%
$589,971
Cap Rate 9%
$458,867
Alternative Uses
Best Use
Retail
$590.0K
$516.2K – $688.3K
NOI $41,298 @ 7.0% cap · market cap 7.77%
Second Best
Office B
$203.5K
$178.1K – $237.4K
NOI $14,244 @ 7.0% cap · market cap 2.68%
Theoretical Best
Mixed Use
$628.4K
$549.9K – $733.1K
NOI $43,988 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 29671, SC
18,615
Population
8,371
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
87%
High-School Grad
132.3 sq mi
ZIP Area
141
Density / Sq Mi
$65,429
Median Household Income
$36,041
Median Earnings
$917
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property located on Hampton Avenue in Pickens, South Carolina.
Where is this retail space located?
The property is located at 444 Hampton Ave Pickens, SC.
What is the asking price?
The asking price for this property is $531,250.
What are key features of this property?
This property features: 4,250‑square‑foot retail property; Located at 444 Hampton Avenue, Pickens, SC 29671; Classified as retail space
