Five-Bay Auto
New
For Sale
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4031 Broad River Rd, Columbia, SC 29210
Automotive repair facility with heated and cooled service bays in a retail-oriented building.
Property Size3,000 SF
Price / SF$183
Days on Market6
Property Features for 4031 Broad River Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Financials
Asking Price
$549,000
Business Included
Yes
Additional Details
Service Bays
5
Amenities
Heated & cooled
Building Details
Year Built
2002
Buildings
1
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 312-1908
Listed By:
David Brock · License #58004
Source:
Moodyscre
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 9:04AM
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 ERA Wilder Realty Inc. - Columbia
Investment Insights
Based on property information with market context.
This 3,000-square-foot auto repair building was constructed in 2002 and is configured with five service bays. The bays are heated and cooled, supporting year-round automotive repair operations within a retail-style facility.
The property is located at 4031 Broad River Rd in Columbia, South Carolina. The business has operated for 30 years, providing an established automotive-service setting at the property.
The property is located at 4031 Broad River Rd in Columbia, South Carolina. The business has operated for 30 years, providing an established automotive-service setting at the property.
Key Highlights
- Five‑bay automotive repair building
- 3,000 SF building constructed in 2002
- Heated and cooled service bays
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
$42,638
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
7.77%
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%
$852,760
$852.8K
Cap Rate 7%
$609,114
$609.1K
Cap Rate 9%
$473,756
$473.8K
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
$64.8K $21.60/SF
− Vacancy
−$3.9K −$1.30/SF
EGI
$60.9K $20.30/SF
− OpEx
−$18.3K −$6.09/SF
NOI
$42.6K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /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%
$852,760
Cap Rate 7%
$609,114
Cap Rate 9%
$473,756
Alternative Uses
Best Use
Retail
$609.1K
$533.0K – $710.6K
NOI $42,638 @ 7.0% cap · market cap 7.77%
Second Best
Industrial
$523.3K
$457.9K – $610.5K
NOI $36,628 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
153k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Groceries 17%
Chick-fil-A
Dining
34,273 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
26,067 visits/mo
0.2 miles
Murphy USA
Shops & Services
20,551 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
13,919 visits/mo
0.4 miles
Wendy's
Dining
13,892 visits/mo
0.4 miles
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair facility with heated and cooled service bays in a retail-oriented building.
Where is this auto shop located?
The property is located at 4031 Broad River Rd Columbia, SC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Five‑bay automotive repair building; 3,000 SF building constructed in 2002; Heated and cooled service bays
