Freestanding Restaurant with Private
New
For Sale
$399,999
212 Harley Court, Easley, SC 29642
CommercialSale, Easley, SC
Property Size7,500 SF
Lot Size1.93 Acres
Price / SF$53.33
Days on Market2
Property Features for 212 Harley Court
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Appliances
Refrigerator, WaterHeater
Lot features
Outside City Limits
Directions
Hwy 178 to Hwy 135 toward Easley - Turn right at Fish Camp Road - Turn left into Harley Court - Resturant is at the end of the road
Subdivision
302-Pickens County, SC
Standard status
Active
APN
5017-07-58-4978
Lot size
1.93 Acres
Utilities
Sewer type
Holding Tank
Cooling system
Multi Units
Building Details
Floors in Building
1
Flooring type
Tile, Vinyl, Carpet
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
Dunlap Team Real Estate
(864) 646-9300
Listed By:
Bill Dunlap · License #79586
(864) 506-4129
Added: Aug 28
Last Checked: Aug 29 at 2:06PM
MLS# 20305557
Copyright © 2026 Western Upstate Association of REALTORS®. 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 restaurant property includes 7,500 square feet of space arranged for group dining, along with several private rooms for smaller gatherings. The building’s interior features tile, vinyl, and carpet flooring, while block and concrete construction supports the structure. Multiple cooling units, a metal roof, refrigerator, and water heater are also in place.
The property occupies 1.93 acres at 212 Harley Court in Easley, South Carolina, with on-site parking and a holding-tank sewer system. An additional 4 acres are attached to the property and may be purchased separately, providing an option to expand the land component. The existing configuration can support continued restaurant use or other commercial concepts, subject to applicable approvals.
The property occupies 1.93 acres at 212 Harley Court in Easley, South Carolina, with on-site parking and a holding-tank sewer system. An additional 4 acres are attached to the property and may be purchased separately, providing an option to expand the land component. The existing configuration can support continued restaurant use or other commercial concepts, subject to applicable approvals.
Key Highlights
- 7,500 square feet of restaurant space
- Several private rooms for smaller gatherings
- 1.93‑acre property at 212 Harley Court, Easley, SC 29642
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
$32,535
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
8.13%
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%
$650,700
$650.7K
Cap Rate 7%
$464,786
$464.8K
Cap Rate 9%
$361,500
$361.5K
Market Conditions
NOI Build-Up for 7,500 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
$45.0K $6.00/SF
− Vacancy
−$1.6K −$0.22/SF
EGI
$43.4K $5.78/SF
− OpEx
−$10.8K −$1.45/SF
NOI
$32.5K $4.34/SF
Area
Pickens County, SC
Vacancy
3.60%
Lease Rate
$6.00 /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%
$650,700
Cap Rate 7%
$464,786
Cap Rate 9%
$361,500
Alternative Uses
Best Use
Specialty Retail
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.11M
$970.3K – $1.29M
NOI $77,625 @ 7.0% cap · market cap 19.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29642, SC
35,675
Population
15,323
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
50.8 sq mi
ZIP Area
702
Density / Sq Mi
$77,604
Median Household Income
$44,151
Median Earnings
$915
Median Rent
$267,700
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.
Frequently Asked Questions
What type of property is this?
Restaurant - Existing restaurant layout includes private dining rooms and on-site parking.
Where is this restaurant located?
The property is located at 212 Harley Court Easley, SC.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 7,500 square feet of restaurant space; Several private rooms for smaller gatherings; 1.93‑acre property at 212 Harley Court, Easley, SC 29642
