Three-Bay Auto Repair
New
For Sale
$500,000
320 Charleston Hwy, West Columbia, SC 29169
Tenant-occupied automotive property with an additional on-site building and a leased billboard.
Property Size3,874 SF
Days on Market2
Property Features for 320 Charleston Hwy
General Information
Standard status
Active
Size
3,874 SF
Property subtype
Industrial
Zoning
C1 Intensive Commercial
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Additional Details
Service Bays
3
Amenities
leased billboard
Building Details
Building Size
3,874 SF
Buildings
2
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Scott Davis · License #7905
(803) 730-2077
Source:
Cbcworldwide
Added: Sep 16
Last Checked: Sep 16 at 2:18PM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
Located at 320 Charleston Hwy in West Columbia, this C1 Intensive Commercial property includes a three-bay automotive repair facility with an established tenant in occupancy. The building is configured for vehicle repair operations and is situated in Triangle City.
An additional building is included on the property and requires some TLC. The offering also includes a leased billboard, adding a separate income-producing component to the site. The property is identified for automotive repair use within the C1 Intensive Commercial zoning designation.
An additional building is included on the property and requires some TLC. The offering also includes a leased billboard, adding a separate income-producing component to the site. The property is identified for automotive repair use within the C1 Intensive Commercial zoning designation.
Key Highlights
- Three‑bay automotive repair facility
- Tenant occupied by a long‑term occupant
- C1 Intensive Commercial zoning
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
$39,009
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
7.80%
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%
$780,180
$780.2K
Cap Rate 7%
$557,271
$557.3K
Cap Rate 9%
$433,433
$433.4K
Market Conditions
NOI Build-Up for 3,874 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
$58.1K $15.00/SF
− Vacancy
−$2.4K −$0.61/SF
EGI
$55.7K $14.39/SF
− OpEx
−$16.7K −$4.32/SF
NOI
$39.0K $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /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%
$780,180
Cap Rate 7%
$557,271
Cap Rate 9%
$433,433
Alternative Uses
Best Use
Retail
$557.3K
$487.6K – $650.2K
NOI $39,009 @ 7.0% cap · market cap 7.80%
Second Best
Industrial
$342.3K
$299.5K – $399.3K
NOI $23,960 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.04M
$910.4K – $1.21M
NOI $72,831 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
116k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 25%
Shops & Services 19%
Apparel 10%
Food Lion Grocery Store
Groceries
29,214 visits/mo
0.3 miles
McDonald's
Dining
25,992 visits/mo
0.5 miles
Groucho's Deli
Dining
11,666 visits/mo
0.3 miles
Goodwill
Apparel
11,180 visits/mo
0.2 miles
Lizard's Thicket
Dining
9,640 visits/mo
0.2 miles
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Southern Kreations LLC — 2432 Leaphart Rd, West Columbia, SC 29169
- Queen's Customs — 2432 Leaphart Rd, West Columbia, SC 29169
- Joe's Auto Repair — 2807 Leaphart Rd, West Columbia, SC 29169
- Road-1 Inc — 816 Chris Dr, West Columbia, SC 29169
- The Twisted Wrapper — 1060 Chris Dr Suite E, West Columbia, SC 29169
Frequently Asked Questions
What type of property is this?
Auto shop - Tenant-occupied automotive property with an additional on-site building and a leased billboard.
Where is this auto shop located?
The property is located at 320 Charleston Hwy West Columbia, SC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three‑bay automotive repair facility; Tenant occupied by a long‑term occupant; C1 Intensive Commercial zoning
