Building Details

Building Size 2,025 SF

Listing Agency: Southern Properties Realty h***@yahoo.com Show Phone

Listed By: Heather Knight

Source: Blackstreaminternational

Added: Aug 28 Changed: Aug 31 Last Checked: Aug 31 at 3:00PM

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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 Southern Properties Realty

Investment Insights

Based on property information with market context.

Wind in the Willows is a retail and wholesale nursery on more than 17 acres in Bethune, South Carolina. The property includes greenhouse space, an office, a pond, equipment, and inventory. Its acreage supports the cultivation, presentation, storage, and sale of flowers, trees, shrubs, and other landscaping products.

The sale includes the existing equipment and inventory, providing an established physical platform for continued nursery operations or a different approved commercial concept. Potential applications identified for the property include a garden center, landscaping supply business, agricultural enterprise, or related operation. Any future use remains subject to applicable zoning and governmental approval.

Key Highlights

• More than 17 acres supporting nursery, garden center, and agricultural operations
• Retail and wholesale nursery with existing equipment and inventory
• Greenhouse space, office, and pond included

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

$28,781

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

3.03%

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%

$575,620 $575.6K

Cap Rate 7%

$411,157 $411.2K

Cap Rate 9%

$319,789 $319.8K

Market Conditions

NOI Build-Up for 2,025 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

$43.7K $21.60/SF

− Vacancy

−$2.6K −$1.30/SF

EGI

$41.1K $20.30/SF

− OpEx

−$12.3K −$6.09/SF

NOI

$28.8K $14.21/SF

Area

Kershaw County, 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%

$575,620

Cap Rate 7%

$411,157

Cap Rate 9%

$319,789

Alternative Uses

Best Use

Retail

$411.2K

$359.8K – $479.7K (±1% cap)

NOI $28,781 @ 7.0% cap · market cap 3.03%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$498.6K

$436.3K – $581.8K (±1% cap)

NOI $34,905 @ 7.0% cap · market cap 3.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Wind In the Willows Nursery Garden Center

Suggested Use

Top Pick Garden Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29009, SC

2,474

Population

1,135

Households

2.2

Avg Household Size

45

Median Age

15%

College-Educated

84%

High-School Grad

112.1 sq mi

ZIP Area

22

Density / Sq Mi

$62,833

Median Household Income

$33,056

Median Earnings

$1,081

Median Rent

$96,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nursery and garden centers located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar Off Market Nearby

• Wind In the Willows Nursery — 4594 Timrod Rd, Bethune, SC 29009

Frequently Asked Questions

What type of property is this?

Nursery and garden center - Greenhouses, an office, a pond, equipment, and inventory support nursery and garden center operations.

Where is this nursery and garden center located?

The property is located at 4594 Timrod Road Bethune, SC.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: More than 17 acres supporting nursery, garden center, and agricultural operations; Retail and wholesale nursery with existing equipment and inventory; Greenhouse space, office, and pond included