Auto Shop with Vehicle
176 Bomar Street, Inman, SC 29349
For Sale
$649,900
COMMERCIAL/INDUSTRIAL, Inman, SC
Property Size2,400 SF
Lot Size1.66 Acres
Price / SF$270.79
Days on Market94
Property Features for 176 Bomar Street
General Information
Property type
Property subtype
Lot features
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Water source
Amenities
air-conditioned private office
two restrooms
three oversized garage doors
12-foot clearance
16-18-foot ceilings
waste oil drain
dealer's license prepared
Building Details
Flooring type
Listing Agency:
Affinity Group Realty
Listed By:
Valentina Ragozinski · License #15729
(864) 921-2220
Added: Aug 5
Changed: Oct 10
Last Checked: Nov 6 at 10:06PM
MLS# 340299
Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This auto shop property includes a 2,400-square-foot building on 1.66 acres at 176 Bomar Street in Inman, South Carolina. The layout combines a 375-square-foot air-conditioned private office with a separate entrance, two restrooms, and a substantial shop area. Automotive equipment includes two 10,000-pound vehicle lifts, three oversized garage doors with 12-foot clearance, an existing waste-oil drain, and interior heights ranging from 16 to 18 feet. Concrete flooring and public water service are also in place.
The property occupies a corner location with direct access from Highway 292 and includes on-site parking. It is prepared for a dealer’s license and supports automotive repair, oil-change, service, storage, or light industrial operations based on its existing improvements and equipment.
The property occupies a corner location with direct access from Highway 292 and includes on-site parking. It is prepared for a dealer’s license and supports automotive repair, oil-change, service, storage, or light industrial operations based on its existing improvements and equipment.
Key Highlights
- 2,400‑square‑foot building on 1.66 acres
- Two 10,000‑lb vehicle lifts in the shop area
- Three oversized garage doors with 12‑foot clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,609
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,180
$552.2K
Cap Rate 7%
$394,414
$394.4K
Cap Rate 9%
$306,767
$306.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$39.4K $16.43/SF
− OpEx
−$11.8K −$4.93/SF
NOI
$27.6K $11.50/SF
Area
Spartanburg County, SC
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,180
Cap Rate 7%
$394,414
Cap Rate 9%
$306,767
Alternative Uses
Best Use
Industrial
$1.53M
$1.34M – $1.79M
NOI $107,406 @ 7.0% cap · market cap 16.53%
Second Best
Flex RnD
$1.42M
$1.25M – $1.66M
NOI $99,735 @ 7.0% cap · market cap 15.35%
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,422 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Drive-in doors
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29349, SC
36,458
Population
15,118
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
76.9 sq mi
ZIP Area
474
Density / Sq Mi
$74,363
Median Household Income
$42,604
Median Earnings
$917
Median Rent
$233,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Viking Repair — 18 S Main St, Inman, SC 29349
- Top Dent And Detail (Ceramic Coating and PDR service) — 310 S 580, Inman, SC 29349
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-site facility with direct Highway 292 access, a dedicated office, multiple restrooms, and on-site parking.
Where is this auto shop located?
The property is located at 176 Bomar Street Inman, SC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,400‑square‑foot building on 1.66 acres; Two 10,000‑lb vehicle lifts in the shop area; Three oversized garage doors with 12‑foot clearance
