Multi-Building Automotive Repair
New
For Sale
$379,900
4939 Festival Trail Road, Salley, SC 29137
COMMERCIAL - Salley, SC
Property Size3,200 SF
Lot Size5.00 Acres
Price / SF$118.72
Days on Market1
Property Features for 4939 Festival Trail Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RUD
Fencing
Chain Link
Lot features
Corner Lot, Corner Lot
Directions
From downtown Aiken head east on Hwy 302. Turn left on 394. Turn left on Hwy 39, property on the right.
Subdivision
NE
Standard status
Active
APN
P/O 291-00-03-001
Size
3,200 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
Pursuant to the legal instrument, the deed.
Legal Description
Pursuant to the legal instrument, the deed.
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1988
Floors in Building
1
Listing Agency:
Coward & McNeill Real Estate, LLC
(803) 648-8298
Listed By:
Erin Truitt · License #134101
(803) 507-1098
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 224929
Copyright © 2026 Aiken Association of REALTORS®. 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 automotive facility includes three separate shop buildings serving repair, paint, and service functions. The automotive repair shop was constructed in 1988 and includes 3,200 gross leasable square feet, five manually actuated roll-up doors, three personnel doors, an office with a restroom, and a full bathroom in the work area.
Constructed in 1990, the paint shop contains 1,440 gross leasable square feet, a prep area that is covered and open on three sides, an office, and manually actuated roll-up and personnel doors. The 2005 service shop provides 1,200 gross leasable square feet, one manually actuated roll-up door, and one personnel door. The buildings occupy an approximately 5-acre tract with chain-link security fencing. The property is served by a well and septic tank and is located at 4939 Festival Trail Road in Salley, South Carolina.
Constructed in 1990, the paint shop contains 1,440 gross leasable square feet, a prep area that is covered and open on three sides, an office, and manually actuated roll-up and personnel doors. The 2005 service shop provides 1,200 gross leasable square feet, one manually actuated roll-up door, and one personnel door. The buildings occupy an approximately 5-acre tract with chain-link security fencing. The property is served by a well and septic tank and is located at 4939 Festival Trail Road in Salley, South Carolina.
Key Highlights
- Three shop buildings for automotive repair, painting, and service
- Automotive repair shop includes 3,200 gross leasable square feet and five roll‑up doors
- Paint shop contains 1,440 gross leasable square feet with a covered, three‑sided prep area
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
$30,901
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
8.13%
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%
$618,020
$618.0K
Cap Rate 7%
$441,443
$441.4K
Cap Rate 9%
$343,344
$343.3K
Market Conditions
NOI Build-Up for 3,200 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
$46.1K $14.40/SF
− Vacancy
−$1.9K −$0.60/SF
EGI
$44.1K $13.80/SF
− OpEx
−$13.2K −$4.14/SF
NOI
$30.9K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /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%
$618,020
Cap Rate 7%
$441,443
Cap Rate 9%
$343,344
Alternative Uses
Best Use
Retail
$441.4K
$386.3K – $515.0K
NOI $30,901 @ 7.0% cap · market cap 8.13%
Second Best
Industrial
$208.2K
$182.2K – $243.0K
NOI $14,577 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$616.8K
$539.7K – $719.6K
NOI $43,177 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29137, SC
2,607
Population
1,294
Households
2
Avg Household Size
43
Median Age
14%
College-Educated
86%
High-School Grad
93.4 sq mi
ZIP Area
28
Density / Sq Mi
$38,710
Median Household Income
$35,167
Median Earnings
$650
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Felder's Body & Auto Repair — 4939 Festival Trail Rd, Salley, SC 29137
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with repair, paint, and service buildings on a security-fenced tract.
Where is this auto shop located?
The property is located at 4939 Festival Trail Road Salley, SC.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Three shop buildings for automotive repair, painting, and service; Automotive repair shop includes 3,200 gross leasable square feet and five roll‑up doors; Paint shop contains 1,440 gross leasable square feet with a covered, three‑sided prep area
