Car Wash Conversion
For Sale
$395,000
2328 AIRPORT Boulevard, West Columbia, SC 29170
COMMERCIAL/INDUSTRIAL, West Columbia, SC
Property Size1,085 SF
Lot Size0.56 Acres
Price / SF$364.06
Days on Market103
Property Features for 2328 AIRPORT Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Parking
10
Directions
Exit 113 off interstate 26. Head toward Columbia metro airport. Right side next to bank of america.
Subdivision
Cayce/West Cola/Airport/S. Congaree
Standard status
Active
Size
1,085 SF
Lot size
0.56 Acres
Utilities
Cooling system
Window Unit(s)
Amenities
billboard
signage
Building Details
Floors in Building
1
Roof type
Membrane
Listing Agency:
AAORP Realty
(803) 200-2001
Listed By:
Scott McCulla
(803) 200-2001
Added: May 15
Changed: Aug 19
Last Checked: Aug 25 at 5:06AM
MLS# 634192
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 for-sale automotive property is currently occupied, and the related business can remain if desired. The building includes a new heat unit; however, the property is sold as-is. The site comes with a small billboard and other signage, and full engineering has already been completed for conversion to a modern car wash.
Located on busy Airport Boulevard with estimates of 30–40,000 people per day from the Midlands area, the property sits next to Airport High School. It is also near Midlands Technical College, State office complexes, and other major destinations in West Columbia.
The property is currently leased to an established car dealership, providing near-term income stability while retaining flexibility for future occupancy or redevelopment under the completed conversion plans.
Located on busy Airport Boulevard with estimates of 30–40,000 people per day from the Midlands area, the property sits next to Airport High School. It is also near Midlands Technical College, State office complexes, and other major destinations in West Columbia.
The property is currently leased to an established car dealership, providing near-term income stability while retaining flexibility for future occupancy or redevelopment under the completed conversion plans.
Key Highlights
- DOT estimates 30,000–40,000 people per day on busy Airport Blvd
- Leased to an established car dealership; building is occupied and the business will stay if wanted
- New heat unit included, sold as is; cooling: window unit(s)
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
$15,639
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
3.96%
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%
$312,780
$312.8K
Cap Rate 7%
$223,414
$223.4K
Cap Rate 9%
$173,767
$173.8K
Market Conditions
NOI Build-Up for 1,085 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
$21.7K $20.04/SF
− Vacancy
−$891 −$0.82/SF
EGI
$20.9K $19.22/SF
− OpEx
−$5.2K −$4.80/SF
NOI
$15.6K $14.41/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$20.04 /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%
$312,780
Cap Rate 7%
$223,414
Cap Rate 9%
$173,767
Alternative Uses
Best Use
Specialty Retail
$223.4K
$195.5K – $260.7K
NOI $15,639 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$156.1K
$136.6K – $182.1K
NOI $10,925 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$291.4K
$255.0K – $340.0K
NOI $20,398 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
Lizard's Thicket
Dining
20,972 visits/mo
0.2 miles
Circle K
Shops & Services
17,706 visits/mo
0.5 miles
Waffle House
Dining
4,908 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
2,152 visits/mo
0.3 miles
Sunoco
Shops & Services
1,829 visits/mo
0.2 miles
Demographics for 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
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
- Superior Towing & Recovery, LLC — 5 Biloxi Square, West Columbia, SC 29170
- D&J Auto and Fleet Repair — 5 Biloxi Square, West Columbia, SC 29170
- Mobile Works Auto Detailing — 69 Lexington Dr, West Columbia, SC 29170
- Superior Towing & Recovery — 5 Biloxi Square, West Columbia, SC 29170
- Team CARS — 2216 Airport Blvd, West Columbia, SC 29170
Frequently Asked Questions
What type of property is this?
Auto shop - Occupied automotive property with signage and completed engineering for conversion to a modern car wash, sold as-is.
Where is this auto shop located?
The property is located at 2328 AIRPORT Boulevard West Columbia, SC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: DOT estimates 30,000–40,000 people per day on busy Airport Blvd; Leased to an established car dealership; building is occupied and the business will stay if wanted; New heat unit included, sold as is; cooling: window unit(s)
