Former Restaurant with FF&E
For Sale
Contact for pricing
1740 Highmarket St, Georgetown, SC 29440
Former restaurant offering 3,432 SF and 73 seats, with all furniture, fixtures, and restaurant equipment included.
Property Size3,432 SF
Lot Size0.73 Acres
Price / SF$193.76
Days on Market204
Property Features for 1740 Highmarket St
General Information
Standard status
Active
Size
3,432 SF
Lot size
0.73 Acres
Property subtype
RETAIL
Zoning
GC
Additional Details
Furnished
Yes
Traffic Count
17,000 vehicles/day
Listing Agency:
Keystone Commercial Realty
(843) 626-3400
Listed By:
JD Yearwood · License ##75336
(336) 209-8109
Source:
Moodyscre
Added: Feb 23
Changed: Sep 5
Last Checked: Sep 15 at 8:35AM
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 Keystone Commercial Realty
Investment Insights
Based on property information with market context.
This former restaurant property provides 3,432 SF and includes all furniture, fixtures, and restaurant equipment in the sale. The space is configured for dining with approximately 73 seats, making it suitable for an operator looking for a turnkey starting point.
The property sits on a roughly 0.73-acre parcel and is located in close proximity to other retailers, services, and the Historic Georgetown waterfront. Reported traffic counts include 17,000 AATD on Highmarket (521/17A) and 6,100 AATD on N. Merriman. Tidelands Georgetown Memorial Hospital is approximately 1 mile away.
Zoned GC under the City of Georgetown, the sale includes the restaurant’s FF&E and totals 3,432 SF.
The property sits on a roughly 0.73-acre parcel and is located in close proximity to other retailers, services, and the Historic Georgetown waterfront. Reported traffic counts include 17,000 AATD on Highmarket (521/17A) and 6,100 AATD on N. Merriman. Tidelands Georgetown Memorial Hospital is approximately 1 mile away.
Zoned GC under the City of Georgetown, the sale includes the restaurant’s FF&E and totals 3,432 SF.
Key Highlights
- 3,432 SF former restaurant with ±73 seats
- Includes all furniture, fixtures, and restaurant equipment with the sale
- ±0.73‑acre lot
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
$41,142
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
6.19%
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%
$822,840
$822.8K
Cap Rate 7%
$587,743
$587.7K
Cap Rate 9%
$457,133
$457.1K
Market Conditions
NOI Build-Up for 3,432 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
$58.5K $17.04/SF
− Vacancy
−$3.6K −$1.06/SF
EGI
$54.9K $15.98/SF
− OpEx
−$13.7K −$4.00/SF
NOI
$41.1K $11.99/SF
Area
Georgetown County, SC
Vacancy
6.20%
Lease Rate
$17.04 /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%
$822,840
Cap Rate 7%
$587,743
Cap Rate 9%
$457,133
Alternative Uses
Best Use
Specialty Retail
$587.7K
$514.3K – $685.7K
NOI $41,142 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$941.3K
$823.7K – $1.10M
NOI $65,894 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 28%
Groceries 13%
Home Improvements & Furnishings 7%
KFC
Dining
13,590 visits/mo
0.5 miles
Hardee's
Dining
12,418 visits/mo
0.5 miles
Piggly Wiggly
Groceries
9,871 visits/mo
0.1 miles
Burger King
Dining
9,599 visits/mo
0.4 miles
Sunoco
Shops & Services
5,826 visits/mo
0.0 miles
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant offering 3,432 SF and 73 seats, with all furniture, fixtures, and restaurant equipment included.
Where is this conventional restaurant located?
The property is located at 1740 Highmarket St Georgetown, SC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 3,432 SF former restaurant with ±73 seats; Includes all furniture, fixtures, and restaurant equipment with the sale; ±0.73‑acre lot
