Convenience Store with
505 Wire Rd Gilbert, SC 29054
505 Wire Rd, Gilbert, SC, 29054
$400,000
Pending
For Sale
$400,000
Pending
Turnkey convenience store includes a commercial kitchen, dining area, and retail shelving with about 20 on-site parking spaces.
Property Size1,680 SF
Days on Market216
Property Features for 505 Wire Rd
General Information
- Standard status
- Pending
- Size
- 1,680 SF
Listing agency
Keller Williams Palmetto
(803) 722-1900
Listed by
Nathan Cabrera-Alvarez
Source
Exprealty
Added: Dec 17, 2025 Updated: Jul 20 at 5:37PM Checked: Jul 20 at 5:37PM
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 Keller Williams Palmetto
Investment Insights
Based on property information with market context.
This 1,680 sq. ft. commercial space operates as a convenience store and is set up for immediate continued use. The interior includes a commercial kitchen, a dining area, and a well-laid-out retail area with produce and packaged food shelving.
The property offers approximately 20 on-site parking spaces for customer convenience, and it is located at 505 Wire Rd in Gilbert, SC.
With the existing convenience store configuration already in place, the space is suited for a buyer looking for a ready-to-operate footprint that can support continuity, expansion, or a refreshed concept within the same operational layout.
The property offers approximately 20 on-site parking spaces for customer convenience, and it is located at 505 Wire Rd in Gilbert, SC.
With the existing convenience store configuration already in place, the space is suited for a buyer looking for a ready-to-operate footprint that can support continuity, expansion, or a refreshed concept within the same operational layout.
Key Highlights
- 1,680 sq. ft. commercial space operating as a convenience store in Gilbert
- Includes commercial kitchen, dining area, and retail area with produce and packaged food shelving
- Approximately 20 on‑site parking spaces for customer convenience
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $20.04 |
| − Vacancy | −$1.4k | −$0.82 |
| EGI | $32.3k | $19.22 |
| − OpEx | −$8.1k | −$4.80 |
| NOI | $24.2k | $14.41 |
1,680 SF · lease $20.04/SF/yr · vacancy 4.10% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$345.9K
$302.7K – $403.6K
NOI $24,215 @ 7.0% cap · market cap 6.05%
Second Best
Retail
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$451.2K
$394.8K – $526.4K
NOI $31,584 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tienda Mexicana La ...
Grocery & Convenience Store
Barri Agent
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Turnkey convenience store includes a commercial kitchen, dining area, and retail shelving with about 20 on-site parking spaces.
Where is this grocery and convenience store located?
The property is located at 505 Wire Rd Gilbert, SC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,680 sq. ft. commercial space operating as a convenience store in Gilbert; Includes commercial kitchen, dining area, and retail area with produce and packaged food shelving; Approximately 20 on‑site parking spaces for customer convenience
