Retail Building with
New
For Sale
$210,000
2816 East North Avenue, Anderson, SC 29625
Updated interior includes hardwood flooring, fresh paint, a bathroom, and kitchenette.
Property Size1,100 SF
Lot Size0.33 Acres
Price / SF$190.91
Days on Market2
Property Features for 2816 East North Avenue
General Information
Standard status
Active
Size
1,100 SF
Lot size
0.33 Acres
Property subtype
Retail - Freestanding
Amenities
new hard wood floors
freshly painted walls
bathroom
kitchenette
Building Details
Building Size
1,100 SF
Buildings
1
Listing Agency:
McCoy Wright Commercial Real Estate
(864) 224-3503
Listed By:
Jackson Williamson
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 6:58AM
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 McCoy Wright Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail building provides 1,100 SF of finished commercial space on a .33-acre site. The interior has been refreshed with hardwood flooring and newly painted walls, while a bathroom and kitchenette support day-to-day operations. The existing buildout is configured for retail use and offers a practical footprint for an owner-user or commercial occupant.
The property includes parking at both the front and rear of the building. It is positioned behind Bank of America and near Ace Hardware on Clemson Blvd in Anderson, SC. Downtown Anderson is 2.3 miles away, and I-85 at exit 19 is 4.1 miles from the property.
The property includes parking at both the front and rear of the building. It is positioned behind Bank of America and near Ace Hardware on Clemson Blvd in Anderson, SC. Downtown Anderson is 2.3 miles away, and I-85 at exit 19 is 4.1 miles from the property.
Key Highlights
- 1,100 SF retail building on a .33‑acre site
- Existing retail buildout with hardwood flooring and freshly painted walls
- Bathroom and kitchenette included
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
$18,108
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
8.62%
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%
$362,160
$362.2K
Cap Rate 7%
$258,686
$258.7K
Cap Rate 9%
$201,200
$201.2K
Market Conditions
NOI Build-Up for 1,100 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
$28.2K $25.68/SF
− Vacancy
−$4.1K −$3.73/SF
EGI
$24.1K $21.95/SF
− OpEx
−$6.0K −$5.49/SF
NOI
$18.1K $16.46/SF
Area
Anderson County, SC
Vacancy
14.53%
Lease Rate
$25.68 /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%
$362,160
Cap Rate 7%
$258,686
Cap Rate 9%
$201,200
Alternative Uses
Best Use
Retail
$318.1K
$278.4K – $371.1K
NOI $22,268 @ 7.0% cap · market cap 10.60%
Second Best
Office B
$258.7K
$226.4K – $301.8K
NOI $18,108 @ 7.0% cap · market cap 8.62%
Theoretical Best
Multifamily LT 5
$11.91M
$10.42M – $13.89M
NOI $833,693 @ 7.0% cap · market cap 397.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 29625, SC
28,521
Population
13,716
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
46.9 sq mi
ZIP Area
608
Density / Sq Mi
$58,746
Median Household Income
$36,120
Median Earnings
$1,015
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Updated interior includes hardwood flooring, fresh paint, a bathroom, and kitchenette.
Where is this retail space located?
The property is located at 2816 East North Avenue Anderson, SC.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,100 SF retail building on a .33‑acre site; Existing retail buildout with hardwood flooring and freshly painted walls; Bathroom and kitchenette included
