Seven-Bay Auto
For Sale
$450,000
301 Washington Avenue, Easley, SC 29640
Main-level service and office areas are paired with a full basement for storage or additional workspace.
Property Size1,920 SF
Days on Market38
Property Features for 301 Washington Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Service Bays
7
Taxes and HOA fees
Annual Taxes
$2,035
Building Details
Building Size
1,920 SF
Buildings
1
Listing Agency:
Bob Hill Realty
(864) 423-1888
Listed By:
Ronald Taffer · License #120084
Source:
Kaydangerfield
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 30 at 2:48PM
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 Bob Hill Realty
Investment Insights
Based on property information with market context.
This automotive service property includes seven bays, with a lift installed in one bay. The primary shop and office areas occupy the main level, while a full basement provides additional enclosed space for storage or repair-related use. The building served as an automotive garage for over 40 years and is described as clean and organized.
The property is located at 301 Washington Avenue in Easley, South Carolina, approximately 200 feet from Hwy. 123. The lift and other tools may be purchased separately from the real estate. The existing configuration offers a dedicated service layout with supporting office and basement areas.
The property is located at 301 Washington Avenue in Easley, South Carolina, approximately 200 feet from Hwy. 123. The lift and other tools may be purchased separately from the real estate. The existing configuration offers a dedicated service layout with supporting office and basement areas.
Key Highlights
- Seven‑bay automotive service building
- Main‑level shop and office areas
- Full basement for storage or additional repair space
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
$18,657
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
4.15%
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%
$373,140
$373.1K
Cap Rate 7%
$266,529
$266.5K
Cap Rate 9%
$207,300
$207.3K
Market Conditions
NOI Build-Up for 1,920 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
$27.6K $14.40/SF
− Vacancy
−$995 −$0.52/SF
EGI
$26.7K $13.88/SF
− OpEx
−$8.0K −$4.16/SF
NOI
$18.7K $9.72/SF
Area
Pickens County, SC
Vacancy
3.60%
Lease Rate
$14.40 /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%
$373,140
Cap Rate 7%
$266,529
Cap Rate 9%
$207,300
Alternative Uses
Best Use
Retail
$266.5K
$233.2K – $311.0K
NOI $18,657 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$85.1K
$74.4K – $99.2K
NOI $5,954 @ 7.0% cap · market cap 1.32%
Theoretical Best
Mixed Use
$283.9K
$248.4K – $331.2K
NOI $19,872 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
116k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 26%
Superstores 19%
Electronics 1%
Dodge's Southern Style
Shops & Services
26,400 visits/mo
0.3 miles
Big Lots
Superstores
21,843 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,261 visits/mo
0.1 miles
Waffle House
Dining
10,924 visits/mo
0.4 miles
Jack in the Box
Dining
7,833 visits/mo
0.5 miles
Demographics for 29640, SC
32,191
Population
14,096
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
84%
High-School Grad
85.7 sq mi
ZIP Area
376
Density / Sq Mi
$60,596
Median Household Income
$35,610
Median Earnings
$952
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mike Holcombe's Auto Services Center — 228 Ross Ave, Easley, SC 29640
- Wheeler's Body Shop Inc — 1106 S 5th St, Easley, SC 29642
- Watts Automotive & Diesel services *WE ARE MOBILE* — 129 David St, Easley, SC 29640
- Performance Auto Care Center, Inc. — 6949 calhoun memorial hwy, easley, sc 29640
- Busted Knuckle Tire &Auto — 6949 Calhoun Memorial Hwy, Easley, SC 29640
Frequently Asked Questions
What type of property is this?
Auto shop - Main-level service and office areas are paired with a full basement for storage or additional workspace.
Where is this auto shop located?
The property is located at 301 Washington Avenue Easley, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Seven‑bay automotive service building; Main‑level shop and office areas; Full basement for storage or additional repair space
