4-Bay Car
For Sale
$300,000
305 S Church, Swansea, SC 29170
COMMERCIAL/INDUSTRIAL, Swansea, SC
Property Size1,640 SF
Lot Size0.34 Acres
Price / SF$182.93
Days on Market155
Property Features for 305 S Church
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
5
Directions
Corner of E 3rd Street & S Church Street.
Subdivision
Lexington and surrounding area
Standard status
Active
Size
1,640 SF
Lot size
0.34 Acres
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Angela Cash
(803) 359-9571
Added: Mar 25
Changed: Aug 23
Last Checked: Aug 26 at 2:06PM
MLS# 630020
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This car wash property includes a 1,640-square-foot building on a 0.344-acre site. The asset is configured with four bays, while the specific self-service or automatic arrangement remains subject to verification.
The property is located at 305 S Church in Swansea, South Carolina, within Lexington County. Commercial zoning is identified for the site. Equipment, income history, and utilities should be independently verified as part of due diligence.
The property is located at 305 S Church in Swansea, South Carolina, within Lexington County. Commercial zoning is identified for the site. Equipment, income history, and utilities should be independently verified as part of due diligence.
Key Highlights
- Four‑bay car wash property
- 1,640‑square‑foot building
- 0.344‑acre site
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
Turnkey business
Opportunity
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 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self service car wash - Commercially zoned car wash property with a multi-bay operating layout.
Where is this self service car wash located?
The property is located at 305 S Church 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; 1,640‑square‑foot building; 0.344‑acre site
