Retail Building with Auto Parts
New
For Sale
$1,530,000
28 Walnut Ln, Travelers Rest, SC 29690
The property is occupied by O'Reilly Auto Parts and sits on Walnut Lane in Travelers Rest.
Property Size7,134 SF
Lot Size0.93 Acres
Price / SF$214.47
Days on Market2
Property Features for 28 Walnut Ln
General Information
Standard status
Active
Size
7,134 SF
Lot size
0.93 Acres
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Greenville
Listed By:
Scott Burgess
(864) 527-5434
Source:
Colliers
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:26AM
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 Greenville
Investment Insights
Based on property information with market context.
This retail property includes an approximately 7,134-square-foot building on approximately 0.93 acres. O'Reilly Auto Parts currently occupies the building, providing an established retail use at the site.
The property is located at 28 Walnut Ln in Travelers Rest, South Carolina, off N Highway 25 Bypass. The surrounding area includes residential neighborhoods, retail destinations, local businesses, and restaurants. The site is also described as minutes from downtown Travelers Rest and connected to Greenville and nearby communities.
The property is located at 28 Walnut Ln in Travelers Rest, South Carolina, off N Highway 25 Bypass. The surrounding area includes residential neighborhoods, retail destinations, local businesses, and restaurants. The site is also described as minutes from downtown Travelers Rest and connected to Greenville and nearby communities.
Key Highlights
- Approximately 7,134 SF retail building
- Approximately 0.93‑acre property
- Occupied by O'Reilly Auto Parts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,716
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,320
$2.1M
Cap Rate 7%
$1,510,229
$1.5M
Cap Rate 9%
$1,174,622
$1.2M
Market Conditions
NOI Build-Up for 7,134 SF
Gross rent
$156.7K $21.96/SF
− Vacancy
−$5.6K −$0.79/SF
EGI
$151.0K $21.17/SF
− OpEx
−$45.3K −$6.35/SF
NOI
$105.7K $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 Rate 5%
$2,114,320
Cap Rate 7%
$1,510,229
Cap Rate 9%
$1,174,622
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,716 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,366 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
128k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 30%
Groceries 16%
Home Improvements & Furnishings 10%
Food Lion Grocery Store
Groceries
20,692 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,913 visits/mo
0.5 miles
Burger King
Dining
13,070 visits/mo
0.4 miles
Hardee's
Dining
11,072 visits/mo
0.4 miles
Little Caesars Pizza
Dining
8,661 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The property is occupied by O'Reilly Auto Parts and sits on Walnut Lane in Travelers Rest.
Where is this retail space located?
The property is located at 28 Walnut Ln Travelers Rest, SC.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: Approximately 7,134 SF retail building; Approximately 0.93‑acre property; Occupied by O'Reilly Auto Parts
