Office and Retail Investment
For Sale
Contact for pricing
139 CASHUA ST, Darlington, SC 29532
Commercial property with office, retail, and residential income potential.
Property Size3,085 SF
Lot Size0.28 Acres
Price / SF$137.44
Days on Market107
Property Features for 139 CASHUA ST
General Information
Standard status
Active
Size
3,085 SF
Class
C
Lot size
0.28 Acres
Property subtype
Retail, Office
Zoning
c
Lease Type
Modified Gross
Building Details
Year Built
1970
Year Renovated
1998
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
PLC Commercial
(843) 229-3903
Listed By:
John Etheridge · License #sc 74462
Source:
Crexi
Added: May 15
Changed: Aug 8
Last Checked: Aug 28 at 11:26AM
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 PLC Commercial
Investment Insights
Based on property information with market context.
The property at 139 Cashua St. offers approximately 1,667 square feet of space, featuring private offices, a conference room, a reception/waiting area, a kitchenette, a breakout room, and a restroom. It also includes private rear parking. The building is in good condition and has a recently replaced roof. This property is suitable for either an owner-occupant or investment purposes. An additional value-add opportunity is available at 109 Oak St., which is currently leased as a residential property, generating a monthly rental income of $900.00. This additional property offers potential for future commercial conversion and supplemental rental income. The building at 109 Oak St. is approximately 1,386 square feet and is situated on approximately 0.28 acres.
Key Highlights
- Two properties included: 139 Cashua St. (commercial) and 109 Oak St. (residential with commercial conversion potential).
- 139 Cashua St. is +/- 1,667 SF, suitable for owner‑occupant or investment.
- 109 Oak St. provides supplemental rental income of $900.00 per month.
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
$34,984
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
8.25%
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%
$699,680
$699.7K
Cap Rate 7%
$499,771
$499.8K
Cap Rate 9%
$388,711
$388.7K
Market Conditions
NOI Build-Up for 3,085 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
$55.5K $18.00/SF
− Vacancy
−$8.9K −$2.88/SF
EGI
$46.6K $15.12/SF
− OpEx
−$11.7K −$3.78/SF
NOI
$35.0K $11.34/SF
Area
Darlington County, SC
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$699,680
Cap Rate 7%
$499,771
Cap Rate 9%
$388,711
Alternative Uses
Best Use
Office B
$499.8K
$437.3K – $583.1K
NOI $34,984 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.71M
$4.99M – $6.66M
NOI $399,400 @ 7.0% cap · market cap 94.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 29532, SC
19,572
Population
9,641
Households
2
Avg Household Size
42
Median Age
15%
College-Educated
85%
High-School Grad
114.8 sq mi
ZIP Area
170
Density / Sq Mi
$41,810
Median Household Income
$27,378
Median Earnings
$885
Median Rent
$120,400
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?
Office units - Commercial property with office, retail, and residential income potential.
Where is this office units located?
The property is located at 139 CASHUA ST Darlington, SC.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: Two properties included: 139 Cashua St. (commercial) and 109 Oak St. (residential with commercial conversion potential).; 139 Cashua St. is +/- 1,667 SF, suitable for owner‑occupant or investment.; 109 Oak St. provides supplemental rental income of $900.00 per month.
