Retail or Restaurant
For Sale
$499,000
26 Walnut Lane, Travelers Rest, SC 29690
Two buildings on 0.5 acres suitable for retail/restaurant.
Property Size1,800 SF
Lot Size0.50 Acres
Price / SF$277.22
Days on Market432
Property Features for 26 Walnut Lane
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial / Commercial
Taxes and HOA fees
Annual Taxes
$3,542
Amenities
No Heat/Cooling
Wood Trusses
Listing Agency:
Poinsett Auction & Realty
(864) 834-8389
Listed By:
Randell Crowder
Source:
Compass
Added: Jun 24, 2025
Changed: Aug 8
Last Checked: Jul 24 at 2:40PM
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 Poinsett Auction & Realty
Investment Insights
Based on property information with market context.
This property features two buildings situated on a 0.5-acre lot. The main building offers 1800 square feet of space, suitable for retail or restaurant use. Additionally, there is a 1000-square-foot storage building equipped with a roll-up door. The property includes two lots identified by Tax Map numbers 0491000101700 and 0491000101800. Please note that the heating and AC unit is not functioning.
Key Highlights
- Great Location for Retail or Restaurant
- Two Buildings on 1/2 Acre of Land
- Main Building: 1800 Sq. Ft.
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
$26,673
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
5.35%
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%
$533,460
$533.5K
Cap Rate 7%
$381,043
$381.0K
Cap Rate 9%
$296,367
$296.4K
Market Conditions
NOI Build-Up for 1,800 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
$39.5K $21.96/SF
− Vacancy
−$1.4K −$0.79/SF
EGI
$38.1K $21.17/SF
− OpEx
−$11.4K −$6.35/SF
NOI
$26.7K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /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%
$533,460
Cap Rate 7%
$381,043
Cap Rate 9%
$296,367
Alternative Uses
Best Use
Retail
$381.0K
$333.4K – $444.6K
NOI $26,673 @ 7.0% cap · market cap 5.35%
Second Best
Specialty Retail
$334.6K
$292.8K – $390.4K
NOI $23,425 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$769.1K
$672.9K – $897.3K
NOI $53,835 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 29690, SC
22,912
Population
10,318
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
105.2 sq mi
ZIP Area
218
Density / Sq Mi
$66,544
Median Household Income
$37,052
Median Earnings
$964
Median Rent
$267,400
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.
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings on 0.5 acres suitable for retail/restaurant.
Where is this retail space located?
The property is located at 26 Walnut Lane Travelers Rest, SC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Great Location for Retail or Restaurant; Two Buildings on 1/2 Acre of Land; Main Building: 1800 Sq. Ft.
