Auto Shop with Service
For Sale
$595,000
402 N Lee Street, Leesville, SC 29070
COMMERCIAL - Leesville, SC
Property Size3,192 SF
Lot Size1.80 Acres
Price / SF$186.40
Days on Market134
Property Features for 402 N Lee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
15
Directions
Hwy 1 to Leesville. Merge right on Hwy 23. Turn right onto N Lee St.
Subdivision
Rural W Lexington Co - Batesburg etc
Standard status
Active
Size
3,192 SF
Lot size
1.80 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Floors in Building
1
Listing Agency:
eXp Realty LLC
(888) 440-2798
Listed By:
Sharon Eargle · License #131612
(888) 440-2798
Added: Apr 17
Changed: Aug 5
Last Checked: Aug 28 at 7:06PM
MLS# 631816
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 auto shop property includes 3,192 square feet of building area on 1.8 acres in Leesville, South Carolina. The sale includes a broad selection of automotive and shop equipment, including Hunter lifting and alignment equipment, an Accuturn 8922 brake lathe, Branick strut compressors, a Lincoln welder, pit racks, a tire truer, and multiple air compressors. A window unit provides cooling, and the property carries Commercial zoning.
The property is located at 402 N Lee Street in Leesville, SC 29070. Equipment included in the sale also features a 9,000 lb Hunter rack with Challenger lift, a 12,000 lb Hunter scissor lift, a Heat Buster industrial fan, and a Bell air compressor with 5-horsepower, 3-phase service.
The property is located at 402 N Lee Street in Leesville, SC 29070. Equipment included in the sale also features a 9,000 lb Hunter rack with Challenger lift, a 12,000 lb Hunter scissor lift, a Heat Buster industrial fan, and a Bell air compressor with 5-horsepower, 3-phase service.
Key Highlights
- 3,192‑square‑foot auto shop on 1.8 acres
- Commercial zoning
- 9,000 lb Hunter rack with Challenger lift
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
$32,142
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
5.40%
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%
$642,840
$642.8K
Cap Rate 7%
$459,171
$459.2K
Cap Rate 9%
$357,133
$357.1K
Market Conditions
NOI Build-Up for 3,192 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
$47.9K $15.00/SF
− Vacancy
−$2.0K −$0.61/SF
EGI
$45.9K $14.39/SF
− OpEx
−$13.8K −$4.32/SF
NOI
$32.1K $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%
$642,840
Cap Rate 7%
$459,171
Cap Rate 9%
$357,133
Alternative Uses
Best Use
Retail
$459.2K
$401.8K – $535.7K
NOI $32,142 @ 7.0% cap · market cap 5.40%
Second Best
Industrial
$282.0K
$246.8K – $329.0K
NOI $19,742 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$857.3K
$750.1K – $1.00M
NOI $60,009 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29070, SC
15,757
Population
7,733
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
87%
High-School Grad
164.1 sq mi
ZIP Area
96
Density / Sq Mi
$64,833
Median Household Income
$40,857
Median Earnings
$939
Median Rent
$188,400
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.
Similar Off Market Nearby
- Walmart Auto Care Centers — 115 E Church St, Leesville, SC 29070
- Kirk's Body Shop — 244 E Church St, Batesburg-Leesville, SC 29070
- Ellison collision & customs — 244 E Church St, Batesburg-Leesville, SC 29070
- Torres Tire Services — 308 E Church St, Batesburg-Leesville, SC 29070
- Tire Wood'n Nickes — Batesburg-Leesville, SC 29070
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial zoning and automotive equipment are included with the property.
Where is this auto shop located?
The property is located at 402 N Lee Street Leesville, SC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,192‑square‑foot auto shop on 1.8 acres; Commercial zoning; 9,000 lb Hunter rack with Challenger lift
