Automotive Service Property with
For Sale
$275,000
203 S Pine Street, Batesburg, SC 29006
COMMERCIAL/INDUSTRIAL, Batesburg, SC
Property Size800 SF
Lot Size2.00 Acres
Price / SF$343.75
Days on Market47
Property Features for 203 S Pine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking
10
Directions
Located across from SC DMV in Batesburg SC at HWY 391 and HWY 178.
Subdivision
Rural W Lexington Co - Batesburg etc
Standard status
Active
Size
800 SF
Lot size
2.00 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
EXIT Real Est Consultants · EXIT Realty
(803) 358-0888
Listed By:
Joey Hardee · License #101183
(803) 904-1956
Added: Jul 21
Changed: Aug 19
Last Checked: Sep 5 at 5:06PM
MLS# 639123
Copyright © 2026 Consolidated MLS, SC. 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 automotive-oriented property occupies approximately 2 acres and includes an approximately 800-square-foot office building plus a 1,200-square-foot shop area. The shop is equipped with a vehicle lift, while the property also provides parking and open area for vehicle display or customer use. Central air and a metal roof are included, and the improvements date to 1974.
Positioned at the intersection of Highway 391 and Highway 178, the site is directly across from the South Carolina DMV in Batesburg, SC. The property carries Comm zoning and is configured for automotive sales and service operations, with additional land area surrounding the existing improvements.
Positioned at the intersection of Highway 391 and Highway 178, the site is directly across from the South Carolina DMV in Batesburg, SC. The property carries Comm zoning and is configured for automotive sales and service operations, with additional land area surrounding the existing improvements.
Key Highlights
- Approximately 2 acres of commercial land at Highway 391 and Highway 178
- Approximately 800‑square‑foot office building with 1,200‑square‑foot shop area
- Shop includes a vehicle lift for automotive service operations
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
Property Profile
Current Use
Lease Details
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- S & M Tire & Oil Inc — 665 W Columbia Ave, Batesburg-Leesville, SC 29006
- Ridge Auto Electric Services — 119 N Ridgell St, Batesburg-Leesville, SC 29006
- Dewitts Muffler shop — 617 W Columbia Ave, Batesburg-Leesville, SC 29006
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial site with office, shop, vehicle lift, and central air.
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 Highway 391 and Highway 178; Approximately 800‑square‑foot office building with 1,200‑square‑foot shop area; Shop includes a vehicle lift for automotive service operations
