Auto Shop with Storage
For Sale
Under Contract
$130,000
200 Race Track Road, Hartsville, SC 29550
COMMERCIAL - Hartsville, SC
Property Size1,641 SF
Lot Size2.33 Acres
Price / SF$79.22
Days on Market77
Property Features for 200 Race Track Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
HARTSVILLE
Standard status
Active Under Contract
Size
1,641 SF
Lot size
2.33 Acres
Taxes and HOA fees
Tax Annual Amount
1018
Amenities
two roll up doors
lift
carport
electric hook up
Building Details
Year built
1985
Flooring type
Concrete
Building materials
Steel and Metal Skin
Listing Agency:
Better Homes & Gardens Segars · Better Homes and Gardens Real Estate
(843) 332-6508
Listed By:
Lauri Wilkerson · License #84170
(843) 332-2537
Added: Jun 8
Changed: Aug 5
Last Checked: Aug 23 at 4:06PM
MLS# 2602099
Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Hartsville property includes a primary steel-and-metal building of approximately 600 square feet with two roll-up doors, a vehicle lift, and concrete flooring. Electrical service reaches the building but is not currently active. A separate storage structure adds approximately 300 square feet and includes another roll-up door. The property also features a tall carport suitable for a camper, along with an electric camper hookup at the main building.
Approximately half of the 2.33-acre site is fenced. Built in 1985, the property is located at 200 Race Track Road in Hartsville, South Carolina. The sale is offered in its current condition, providing an existing combination of automotive, storage, covered parking, and outdoor site improvements.
Approximately half of the 2.33-acre site is fenced. Built in 1985, the property is located at 200 Race Track Road in Hartsville, South Carolina. The sale is offered in its current condition, providing an existing combination of automotive, storage, covered parking, and outdoor site improvements.
Key Highlights
- Approximately 2.33‑acre property at 200 Race Track Road, Hartsville, SC 29550
- Main building measures approximately 600 sq ft and includes two roll‑up doors
- Separate storage building provides approximately 300 sq ft and one roll‑up door
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
$10,297
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
7.92%
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%
$205,940
$205.9K
Cap Rate 7%
$147,100
$147.1K
Cap Rate 9%
$114,411
$114.4K
Market Conditions
NOI Build-Up for 1,641 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
$16.3K $9.96/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$14.7K $8.96/SF
− OpEx
−$4.4K −$2.69/SF
NOI
$10.3K $6.27/SF
Area
Darlington County, SC
Vacancy
10.00%
Lease Rate
$9.96 /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%
$205,940
Cap Rate 7%
$147,100
Cap Rate 9%
$114,411
Alternative Uses
Best Use
Retail
$147.1K
$128.7K – $171.6K
NOI $10,297 @ 7.0% cap · market cap 7.92%
Second Best
Warehouse
$140.4K
$122.9K – $163.8K
NOI $9,828 @ 7.0% cap · market cap 7.56%
Theoretical Best
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,452 @ 7.0% cap · market cap 163.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29550, SC
30,013
Population
13,913
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
87%
High-School Grad
208.2 sq mi
ZIP Area
144
Density / Sq Mi
$54,191
Median Household Income
$36,518
Median Earnings
$851
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Steel-and-metal improvements offer roll-up access, concrete floors, and a partially fenced site for automotive or storage use.
Where is this auto shop located?
The property is located at 200 Race Track Road Hartsville, SC.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Approximately 2.33‑acre property at 200 Race Track Road, Hartsville, SC 29550; Main building measures approximately 600 sq ft and includes two roll‑up doors; Separate storage building provides approximately 300 sq ft and one roll‑up door
