Auto Salvage Shop With On-Site
New
For Sale
$1,599,000
314 S Hwy 221, Greenwood, SC 29646
Operating salvage-yard property with processing space, office facilities, and a two-bedroom residence.
Property Size12,000 SF
Lot Size34.88 Acres
Price / SF$133.25
Days on Market4
Property Features for 314 S Hwy 221
General Information
Standard status
Active
Size
12,000 SF
Lot size
34.88 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Amenities
pond
on-site residence
Level, See Remarks, 34.88 acres
Composition, Metal
Septic Tank
Heavy Duty, See Remarks
See Remarks
Listingid: 140339, Standard status: Active
Parking Lot
Auto Bay, Construction materials: Aluminum Siding, Metal Siding, Vinyl Siding, Living area: 12,000, Built in 1963
Country: US, Subdivision name: NOT IN SUBDIVIS
Pond, Zoning: R1
Sewer Connected, Water Connected
Frontage length: Road: 266
Storage
Ceiling 16 to 20 Feet, Ceiling Varied Height, Storage
Building Details
Building Size
12,000 SF
Year Built
1963
Listing Agency:
Greenwood Realty Inc.
(864) 388-0202
Listed By:
Renee Simchon
(864) 388-0202
Source:
Blackstreaminternational
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 8:49AM
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 Greenwood Realty Inc.
Investment Insights
Based on property information with market context.
This auto salvage property combines operating shop facilities, a garage, an office building, and an on-site two-bedroom home. The improvements support vehicle processing, parts pulling, repair work, and day-to-day administration. The property includes 12,000 square feet of building area and was built in 1963.
Set on 34.88 acres at 314 S Hwy 221 in Greenwood, South Carolina, the site also includes a 2-acre pond. The acreage provides space for the existing salvage operation, vehicle storage, and additional operational capacity. The sale includes the established auto salvage business together with its real estate, buildings, and on-site infrastructure.
Set on 34.88 acres at 314 S Hwy 221 in Greenwood, South Carolina, the site also includes a 2-acre pond. The acreage provides space for the existing salvage operation, vehicle storage, and additional operational capacity. The sale includes the established auto salvage business together with its real estate, buildings, and on-site infrastructure.
Key Highlights
- 34.88‑acre auto salvage property at 314 S Hwy 221, Greenwood, SC 29646
- 12,000 square feet of building area
- Shop buildings and garage for vehicle processing, parts pulling, and repair work
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
$70,686
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
4.42%
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%
$1,413,720
$1.4M
Cap Rate 7%
$1,009,800
$1.0M
Cap Rate 9%
$785,400
$785.4K
Market Conditions
NOI Build-Up for 12,000 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
$108.0K $9.00/SF
− Vacancy
−$7.0K −$0.59/SF
EGI
$101.0K $8.42/SF
− OpEx
−$30.3K −$2.52/SF
NOI
$70.7K $5.89/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /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%
$1,413,720
Cap Rate 7%
$1,009,800
Cap Rate 9%
$785,400
Alternative Uses
Best Use
Industrial
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$790.7K
$691.9K – $922.5K
NOI $55,349 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,877 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29646, SC
26,783
Population
12,316
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
84%
High-School Grad
101.4 sq mi
ZIP Area
264
Density / Sq Mi
$41,669
Median Household Income
$37,556
Median Earnings
$818
Median Rent
$130,900
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.
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- A & J Auto Service — 2821 US-25, Greenwood, SC 29646
Frequently Asked Questions
What type of property is this?
Auto shop - Operating salvage-yard property with processing space, office facilities, and a two-bedroom residence.
Where is this auto shop located?
The property is located at 314 S Hwy 221 Greenwood, SC.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 34.88‑acre auto salvage property at 314 S Hwy 221, Greenwood, SC 29646; 12,000 square feet of building area; Shop buildings and garage for vehicle processing, parts pulling, and repair work
