Automotive Sales and Service
For Sale
$275,000
203 S Pine Street, Batesburg, SC 29006
Automotive sales and service facility with an office building and a shop area with a vehicle lift on commercial land.
Property Size800 SF
Lot Size2.00 Acres
Price / SF$343.75
Days on Market54
Property Features for 203 S Pine Street
General Information
Standard status
Active
Size
800 SF
Lot size
2.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
1
Amenities
2 acres
Metal
Public
Rollback tax
Central
Listed on 2026-07-21
10 parking spaces
800 gross square footage, 1,200 warehouse square footage, Built in 1969, Construction: Block,Brick
County: Lexington, Geo Latitude: 33.899932, Geo Longitude: -81.542128
Zoning: Comm
Pole Sign
Building Details
Building Size
800 SF
Year Built
1974
Listing Agency:
EXIT Real Est Consultants
(803) 358-0888
Listed By:
Joey Hardee
(864) 920-0303
Source:
Blackstreaminternational
Added: Jul 21
Changed: Sep 11
Last Checked: Sep 12 at 5:39AM
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 EXIT Real Est Consultants
Investment Insights
Based on property information with market context.
This property is currently set up as an automotive sales and service facility, with approximately 2 acres of commercial land. Improvements include an approximately 800-square-foot office building and an approximately 1,200-square-foot shop area equipped with a vehicle lift, supporting vehicle repair and service operations. Built in 1974, the site also offers ample parking for customers and vehicle display, with room for additional use or future expansion.
The property is located at the intersection of Highway 391 and Highway 178, directly across from the South Carolina DMV. This provides high-visibility access to a busy corridor and convenient entry from major roadways.
For buyers seeking an owner-user or investor position, the configuration combines office space with a purpose-built service shop and parking for vehicle-oriented activity.
The property is located at the intersection of Highway 391 and Highway 178, directly across from the South Carolina DMV. This provides high-visibility access to a busy corridor and convenient entry from major roadways.
For buyers seeking an owner-user or investor position, the configuration combines office space with a purpose-built service shop and parking for vehicle-oriented activity.
Key Highlights
- Approximately 2 acres of commercial land at the intersection of Highway 391 and Highway 178, directly across from the South Carolina DMV
- Automotive sales and service setup with an approximately 800 SF office building
- Approximately 1,200 SF shop area with a vehicle lift
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
$8,056
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
2.93%
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%
$161,120
$161.1K
Cap Rate 7%
$115,086
$115.1K
Cap Rate 9%
$89,511
$89.5K
Market Conditions
NOI Build-Up for 800 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
$12.0K $15.00/SF
− Vacancy
−$492 −$0.61/SF
EGI
$11.5K $14.39/SF
− OpEx
−$3.5K −$4.32/SF
NOI
$8.1K $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /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%
$161,120
Cap Rate 7%
$115,086
Cap Rate 9%
$89,511
Alternative Uses
Best Use
Retail
$115.1K
$100.7K – $134.3K
NOI $8,056 @ 7.0% cap · market cap 2.93%
Second Best
Industrial
$70.7K
$61.9K – $82.5K
NOI $4,948 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$214.9K
$188.0K – $250.7K
NOI $15,040 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,525 visits/mo
0.4 miles
Exxon
Shops & Services
4,248 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
2,902 visits/mo
0.1 miles
Mavis Discount Tire
Shops & Services
1,263 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
471 visits/mo
0.4 miles
Demographics for 29006, SC
9,608
Population
4,256
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
79%
High-School Grad
138.1 sq mi
ZIP Area
70
Density / Sq Mi
$50,797
Median Household Income
$37,354
Median Earnings
$829
Median Rent
$136,900
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive sales and service facility with an office building and a shop area with a vehicle lift on commercial land.
Where is this auto shop located?
The property is located at 203 S Pine Street Batesburg, SC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 2 acres of commercial land at the intersection of Highway 391 and Highway 178, directly across from the South Carolina DMV; Automotive sales and service setup with an approximately 800 SF office building; Approximately 1,200 SF shop area with a vehicle lift
