Corner Lot Auto Repair and
For Sale
Contact for pricing
2710 Old Buncombe Rd, Greenville, SC 29609
Corner lot with a 4,000 SF metal shop and C-2 zoning for automotive-focused operations.
Property Size4,000 SF
Lot Size1.32 Acres
Price / SF$230.17
Days on Market62
Property Features for 2710 Old Buncombe Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.32 Acres
Property subtype
RETAIL
Zoning
C-2
Additional Details
Business Included
Yes
Traffic Count
14,000 vehicles/day
Listing Agency:
Joyner Commercial
(940) 765-9223
Listed By:
Adel Forsythe · License #133823
(940) 765-9223
Source:
Moodyscre
Added: Jun 10
Changed: Aug 8
Last Checked: Jun 13 at 2:35AM
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 Joyner Commercial
Investment Insights
Based on property information with market context.
This prominent corner lot consists of 3 parcels selling together as 1.32 acres. The site includes a 4,000 SF metal building that has been operating as a car repair and car sales lot for 10+ years, offering an established automotive setup for an owner-operator or business continuation.
Located on Old Buncombe Rd in the Berea area of Greenville, SC, the property benefits from approximately 14,000 VPD. The combined parcels provide a larger footprint for automotive activities while keeping the primary improvements centered around the existing shop.
Zoned C-2, the property supports a range of business ideas, making it suitable for buyers seeking flexibility beyond a single-use facility. For automotive operators, the combination of a dedicated metal shop and the configured lot can support car repair workflows and vehicle sales activities with a straightforward, drive-by-oriented presence along Old Buncombe Rd.
Located on Old Buncombe Rd in the Berea area of Greenville, SC, the property benefits from approximately 14,000 VPD. The combined parcels provide a larger footprint for automotive activities while keeping the primary improvements centered around the existing shop.
Zoned C-2, the property supports a range of business ideas, making it suitable for buyers seeking flexibility beyond a single-use facility. For automotive operators, the combination of a dedicated metal shop and the configured lot can support car repair workflows and vehicle sales activities with a straightforward, drive-by-oriented presence along Old Buncombe Rd.
Key Highlights
- Corner lot made of 3 parcels selling together as 1.32 acres
- 4,000 SF metal building currently operating as a car repair and car sales lot for 10+ years
- C‑2 zoning allows for a variety of business ideas
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
$59,274
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
6.44%
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%
$1,185,480
$1.2M
Cap Rate 7%
$846,771
$846.8K
Cap Rate 9%
$658,600
$658.6K
Market Conditions
NOI Build-Up for 4,000 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
$87.8K $21.96/SF
− Vacancy
−$3.2K −$0.79/SF
EGI
$84.7K $21.17/SF
− OpEx
−$25.4K −$6.35/SF
NOI
$59.3K $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%
$1,185,480
Cap Rate 7%
$846,771
Cap Rate 9%
$658,600
Alternative Uses
Best Use
Retail
$846.8K
$740.9K – $987.9K
NOI $59,274 @ 7.0% cap · market cap 6.44%
Second Best
Industrial
$220.2K
$192.7K – $256.9K
NOI $15,414 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,633 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,218 visits/mo
0.2 miles
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Baldwin Body Shop — 400 Cedar Lane Rd, Greenville, SC 29611
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- Tire Express LLC — 506 Cedar Lane Rd unit a, Greenville, SC 29611
- Buchanan & Sons Tire and Automotive, Inc. — 401 Poinsett Hwy, Greenville, SC 29609
- Michelin — 208 Poinsett Hwy, Greenville, SC 29609
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot with a 4,000 SF metal shop and C-2 zoning for automotive-focused operations.
Where is this auto shop located?
The property is located at 2710 Old Buncombe Rd Greenville, SC.
What is the asking price?
The asking price for this property is $920,679.
What are key features of this property?
This property features: Corner lot made of 3 parcels selling together as 1.32 acres; 4,000 SF metal building currently operating as a car repair and car sales lot for 10+ years; C‑2 zoning allows for a variety of business ideas
