Auto Shop with Roll-Up
For Sale
Contact for pricing
3225 Old Buncombe Rd, Greenville, SC 29609
Two-building service property with lifts, an in-ground pit, and multiple roll-up doors.
Property Size3,000 SF
Lot Size1.19 Acres
Price / SF$216.67
Days on Market19
Property Features for 3225 Old Buncombe Rd
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.19 Acres
Property subtype
RETAIL
Amenities
metal roofs
6 roll-up doors
service inground pit
all fuels heater
multiple lifts included
Building Details
Buildings
2
Construction
Wood and metal construction
Listing Agency:
Joyner Commercial
(864) 313-9078
Listed By:
Matt Carter, SIOR, CCIM, BIC
(864) 313-9078
Source:
Moodyscre
Added: Aug 11
Changed: Aug 27
Last Checked: Aug 29 at 4:09PM
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 Joyner Commercial
Investment Insights
Based on property information with market context.
This auto service property comprises two buildings totaling 3,000 square feet on 1.19 acres. The improvements feature wood and metal construction, metal roofing, six roll-up doors, a below-grade service pit, a heater, and multiple vehicle lifts. The configuration is suited to automotive repair and service operations.
The property is positioned near the intersection of Old Buncombe Rd. and W. Blue Ridge Drive in Greenville, South Carolina. It is also located near the Union Bleachery redevelopment project, providing a recognizable point of reference for the surrounding area.
The property is positioned near the intersection of Old Buncombe Rd. and W. Blue Ridge Drive in Greenville, South Carolina. It is also located near the Union Bleachery redevelopment project, providing a recognizable point of reference for the surrounding area.
Key Highlights
- Two‑building auto service property totaling 3,000 square feet on 1.19 acres
- Six roll‑up doors support vehicle access and service operations
- Includes a service in‑ground pit and multiple lifts
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
$44,456
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
6.84%
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%
$889,120
$889.1K
Cap Rate 7%
$635,086
$635.1K
Cap Rate 9%
$493,956
$494.0K
Market Conditions
NOI Build-Up for 3,000 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
$65.9K $21.96/SF
− Vacancy
−$2.4K −$0.79/SF
EGI
$63.5K $21.17/SF
− OpEx
−$19.1K −$6.35/SF
NOI
$44.5K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /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%
$889,120
Cap Rate 7%
$635,086
Cap Rate 9%
$493,956
Alternative Uses
Best Use
Retail
$635.1K
$555.7K – $740.9K
NOI $44,456 @ 7.0% cap · market cap 6.84%
Second Best
Industrial
$165.2K
$144.5K – $192.7K
NOI $11,561 @ 7.0% cap · market cap 1.78%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,725 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
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Similar Off Market Nearby
- Fast Auto Repair — 1102 Cedar Lane Rd, Greenville, SC 29617
- Delta Power Systems Inc — 1004 Cedar Lane Rd, Greenville, SC 29617
- Wilson's truck and auto repair llc — 500 Highlawn Ave, Greenville, SC 29617
- Cedar Lane Tires — 918 Cedar Lane Rd, Greenville, SC 29617
- JC Auto Repair — 301 Edgemont Ave, Greenville, SC 29617
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building service property with lifts, an in-ground pit, and multiple roll-up doors.
Where is this auto shop located?
The property is located at 3225 Old Buncombe Rd Greenville, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑building auto service property totaling 3,000 square feet on 1.19 acres; Six roll‑up doors support vehicle access and service operations; Includes a service in‑ground pit and multiple lifts
