4-Bay Car Wash
For Sale
$300,000
305 S Church St, Swansea, SC 29160
Four-bay car wash property offered for sale.
Property Size1,640 SF
Price / SF$182.93
Days on Market165
Property Features for 305 S Church St
General Information
Standard status
Active
Size
1,640 SF
Additional Details
Service Bays
4
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Angela Cash
(803) 359-9571
Source:
Exprealty
Added: Mar 25
Changed: Aug 25
Last Checked: Sep 5 at 11:05AM
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 Southern Visions Realty I LLC
Investment Insights
Based on property information with market context.
This for-sale car wash property is configured as a four-bay facility, designed to serve multiple vehicles simultaneously. The listing notes that CMLS has not reviewed and does not endorse any vendors that may appear in other listings.
The property is located at 305 S Church St in Swansea, SC. Address details are provided for identification purposes within the listing.
Additional operating details, improvements, or specifications beyond the four-bay configuration are not included in the provided information.
The property is located at 305 S Church St in Swansea, SC. Address details are provided for identification purposes within the listing.
Additional operating details, improvements, or specifications beyond the four-bay configuration are not included in the provided information.
Key Highlights
- Four‑bay car wash property offered for sale.
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
$23,639
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
7.88%
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%
$472,780
$472.8K
Cap Rate 7%
$337,700
$337.7K
Cap Rate 9%
$262,656
$262.7K
Market Conditions
NOI Build-Up for 1,640 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
$32.9K $20.04/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$31.5K $19.22/SF
− OpEx
−$7.9K −$4.80/SF
NOI
$23.6K $14.41/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$20.04 /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%
$472,780
Cap Rate 7%
$337,700
Cap Rate 9%
$262,656
Alternative Uses
Best Use
Specialty Retail
$337.7K
$295.5K – $394.0K
NOI $23,639 @ 7.0% cap · market cap 7.88%
Second Best
Retail
$235.9K
$206.4K – $275.2K
NOI $16,514 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$440.5K
$385.4K – $513.9K
NOI $30,832 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Hardee's
Dining
15,326 visits/mo
0.2 miles
Dollar General
Shops & Services
11,707 visits/mo
0.1 miles
Sunoco
Shops & Services
9,440 visits/mo
0.0 miles
BP
Shops & Services
9,381 visits/mo
0.3 miles
Exxon
Shops & Services
5,968 visits/mo
0.3 miles
Demographics for 29160, SC
7,921
Population
3,595
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
90%
High-School Grad
118.1 sq mi
ZIP Area
67
Density / Sq Mi
$62,305
Median Household Income
$40,827
Median Earnings
$966
Median Rent
$122,100
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?
Car wash - Four-bay car wash property offered for sale.
Where is this car wash located?
The property is located at 305 S Church St Swansea, SC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑bay car wash property offered for sale.
