Mixed-Use Property with
For Sale
$1,395,000
4939 Hwy 321, Gaston, SC 29053
COMMERCIAL/INDUSTRIAL, Gaston, SC
Property Size10,775 SF
Lot Size1.48 Acres
Price / SF$129.47
Days on Market49
Property Features for 4939 Hwy 321
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Parking
20
Directions
From Columbia, take US Highway 321 South toward Gaston. Continue approximately 16 miles. Property is located on the right at 4939 Highway 321. Approximately 20 to 25 minutes from Downtown Columbia.
Subdivision
Lexington and surrounding area
Standard status
Active
Size
10,775 SF
Lot size
1.48 Acres
Utilities
Cooling system
Window Unit(s), Wall Unit(s)
Amenities
overhead bay doors
illuminated roadside sign
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Angela Cash
(803) 359-9571
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 24 at 3:06AM
MLS# 638165
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 mixed-use commercial property includes multiple buildings totaling 10,775 square feet on 1.48 acres. The improvements accommodate auto and shop space, storage units, and a U-Haul operation. Overhead bay doors, window and wall-mounted cooling units, an illuminated roadside sign, and a newer metal roof are among the existing features. The property is fully leased and zoned ID.
Located along Hwy 321 in Gaston, the site offers highway frontage and direct access. Public water and septic service support the improvements. The property also includes an on-site mix of commercial buildings and storage facilities, creating a varied operating configuration within one parcel.
Located along Hwy 321 in Gaston, the site offers highway frontage and direct access. Public water and septic service support the improvements. The property also includes an on-site mix of commercial buildings and storage facilities, creating a varied operating configuration within one parcel.
Key Highlights
- 10,775‑square‑foot mixed‑use commercial property on 1.48 acres
- Fully leased property with auto/shop space, storage units, and a U‑Haul operation
- Highway 321 frontage in Gaston with easy access
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
$111,521
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
7.99%
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%
$2,230,420
$2.2M
Cap Rate 7%
$1,593,157
$1.6M
Cap Rate 9%
$1,239,122
$1.2M
Market Conditions
NOI Build-Up for 10,775 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
$194.0K $18.00/SF
− Vacancy
−$15.5K −$1.44/SF
EGI
$178.4K $16.56/SF
− OpEx
−$66.9K −$6.21/SF
NOI
$111.5K $10.35/SF
Area
Lexington County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,230,420
Cap Rate 7%
$1,593,157
Cap Rate 9%
$1,239,122
Alternative Uses
Best Use
Mixed Use
$1.59M
$1.39M – $1.86M
NOI $111,521 @ 7.0% cap · market cap 7.99%
Second Best
Retail
$1.55M
$1.36M – $1.81M
NOI $108,499 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$2.89M
$2.53M – $3.38M
NOI $202,570 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 29053, SC
19,239
Population
8,787
Households
2.2
Avg Household Size
38
Median Age
12%
College-Educated
81%
High-School Grad
80.4 sq mi
ZIP Area
239
Density / Sq Mi
$54,141
Median Household Income
$35,953
Median Earnings
$947
Median Rent
$116,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple commercial buildings provide shop space, storage units, and overhead bay doors.
Where is this mixed-use property located?
The property is located at 4939 Hwy 321 Gaston, SC.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 10,775‑square‑foot mixed‑use commercial property on 1.48 acres; Fully leased property with auto/shop space, storage units, and a U‑Haul operation; Highway 321 frontage in Gaston with easy access
