Auto Service and Storage
For Sale
$199,000
4630 Augusta Rd, Greenville, SC 29605
C-2 zoned property with a metal-roof carport and flexible auto and storage-oriented use options on a 0.45± acre lot.
Property Size2,500 SF
Lot Size0.45 Acres
Price / SF$79.60
Days on Market331
Property Features for 4630 Augusta Rd
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.45 Acres
Zoning
C-2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,808
Listing Agency:
Reznik Real Estate LLC
(864) 747-5561
Listed By:
Diana Lavrushchak
(916) 307-2291
Source:
Exprealty
Added: Oct 13, 2025
Changed: Aug 26
Last Checked: Sep 8 at 6:58AM
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 Reznik Real Estate LLC
Investment Insights
Based on property information with market context.
For sale is a 2,500± sq. ft. commercial building on a 0.45± acre lot, featuring a metal-roof carport. The property is positioned for flexible use under C-2 zoning, with room for a mix of storage, auto services, body shop-related operations, or parking. Visible boundary stakes are present on the lot.
Located at 4630 Augusta Rd in Greenville, the site sits directly off the Augusta Road/I-85 ramp and is positioned between I-385 and I-185. It is described as approximately 4 miles from Downtown Greenville via Augusta Street, with nearby retail including Home Depot and adjacency to two gas stations.
The offering includes redevelopment and operational flexibility given the stated C-2 zoning and the combination of building area and covered carport structure.
Located at 4630 Augusta Rd in Greenville, the site sits directly off the Augusta Road/I-85 ramp and is positioned between I-385 and I-185. It is described as approximately 4 miles from Downtown Greenville via Augusta Street, with nearby retail including Home Depot and adjacency to two gas stations.
The offering includes redevelopment and operational flexibility given the stated C-2 zoning and the combination of building area and covered carport structure.
Key Highlights
- 2,500± SF building with a metal roof carport on a 0.45± acre lot
- C‑2 zoning with flexible use options including storage units, auto services, body shops, or parking
- Location directly off the Augusta Road/I‑85 ramp for access and visibility
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
$9,634
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
4.84%
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%
$192,680
$192.7K
Cap Rate 7%
$137,629
$137.6K
Cap Rate 9%
$107,044
$107.0K
Market Conditions
NOI Build-Up for 2,500 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
$15.0K $6.01/SF
− Vacancy
−$1.3K −$0.50/SF
EGI
$13.8K $5.51/SF
− OpEx
−$4.1K −$1.65/SF
NOI
$9.6K $3.85/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /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%
$192,680
Cap Rate 7%
$137,629
Cap Rate 9%
$107,044
Alternative Uses
Best Use
Retail
$529.2K
$463.1K – $617.5K
NOI $37,047 @ 7.0% cap · market cap 18.62%
Second Best
Industrial
$137.6K
$120.4K – $160.6K
NOI $9,634 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.07M
$934.6K – $1.25M
NOI $74,771 @ 7.0% cap · market cap 37.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 32%
Dining 22%
Hotels & Casinos 6%
Aldi
Groceries
18,113 visits/mo
0.5 miles
Spinx
Shops & Services
11,387 visits/mo
0.2 miles
Burger King
Dining
6,319 visits/mo
0.2 miles
Waffle House
Dining
3,355 visits/mo
0.3 miles
Citgo
Shops & Services
3,163 visits/mo
0.1 miles
Demographics for 29605, SC
36,970
Population
17,013
Households
2.2
Avg Household Size
37
Median Age
34%
College-Educated
86%
High-School Grad
24.8 sq mi
ZIP Area
1,491
Density / Sq Mi
$63,717
Median Household Income
$39,518
Median Earnings
$1,049
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - C-2 zoned property with a metal-roof carport and flexible auto and storage-oriented use options on a 0.45± acre lot.
Where is this auto shop located?
The property is located at 4630 Augusta Rd Greenville, SC.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,500± SF building with a metal roof carport on a 0.45± acre lot; C‑2 zoning with flexible use options including storage units, auto services, body shops, or parking; Location directly off the Augusta Road/I‑85 ramp for access and visibility
