Prime Commercial Property in
For Sale
$445,000
495 North Church Street, Swansea, SC 29160
Versatile commercial property in Swansea's growing market, ideal for various businesses.
Property Size1,880 SF
Price / SF$236.70
Days on Market332
Property Features for 495 North Church Street
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Business Opportunities
Building Details
Building Size
1,880 SF
Listing Agency:
RE/MAX
(727) 710-7540
Listed By:
Dani Thomas · License #3286763
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 22 at 3:30AM
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 RE/MAX
Investment Insights
Based on property information with market context.
Located at 295 N Church St in Swansea, SC, this commercial property offers a prime opportunity for establishing a business. Situated on the corner of North Church Street and Lady Street, the property benefits from high visibility, steady traffic flow, and excellent accessibility. The property is located in the growing center of Swansea, offering proximity to local businesses and residential neighborhoods. The property includes over a 0.5-acre corner lot, currently accommodating two businesses, with ample space for various business types. On-site parking provides convenience for customers and employees. The location offers easy access to major highways and public transportation. This property is suitable for retail, office, or mixed-use ventures, offering potential for entrepreneurs and investors looking to capitalize on Swansea's growing market.
Key Highlights
- Prime corner lot location at a high‑visibility intersection (N Church St & Lady St) in Swansea, SC.
- Versatile commercial property suitable for retail, office, or mixed‑use businesses.
- Over .5 acre lot with ample space for various business types.
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
$18,931
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
4.25%
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%
$378,620
$378.6K
Cap Rate 7%
$270,443
$270.4K
Cap Rate 9%
$210,344
$210.3K
Market Conditions
NOI Build-Up for 1,880 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
$28.2K $15.00/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$27.0K $14.39/SF
− OpEx
−$8.1K −$4.32/SF
NOI
$18.9K $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /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%
$378,620
Cap Rate 7%
$270,443
Cap Rate 9%
$210,344
Alternative Uses
Best Use
Retail
$270.4K
$236.6K – $315.5K
NOI $18,931 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.9K
$441.8K – $589.1K
NOI $35,344 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Hardee's
Dining
15,326 visits/mo
0.3 miles
Dollar General
Shops & Services
11,707 visits/mo
0.4 miles
BP
Shops & Services
9,381 visits/mo
0.3 miles
Exxon
Shops & Services
5,968 visits/mo
0.2 miles
Dollar General
Shops & Services
4,840 visits/mo
0.2 miles
Demographics for 29160, SC
7,921
Population
3,595
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
90%
High-School Grad
118.1 sq mi
ZIP Area
67
Density / Sq Mi
$62,305
Median Household Income
$40,827
Median Earnings
$966
Median Rent
$122,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Versatile commercial property in Swansea's growing market, ideal for various businesses.
Where is this retail property located?
The property is located at 495 North Church Street Swansea, SC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Prime corner lot location at a high‑visibility intersection (N Church St & Lady St) in Swansea, SC.; Versatile commercial property suitable for retail, office, or mixed‑use businesses.; Over .5 acre lot with ample space for various business types.
