Building Details

Floors in Building 1

Roof type Built-Up

Listing Agency: Peace Sotheby's International Realty Show Phone

Listed By: Jeanene Campbell Show Phone

Added: Sep 21 Last Checked: Sep 22 at 2:06PM

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MLS# 643448

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 6,117-square-foot brick building in Camden’s downtown commercial district was renovated in 2023 for event venue and commercial catering use. The property includes an approximately 1,500-square-foot main dining room, more than 1,000 square feet spanning the custom bar and upper dining area, a front reception area, two separate restrooms, covered outdoor dining, and storage and office space.

The commercial kitchen exceeds 900 square feet and includes multiple cooktops and grills, an exhaust system, commercial dishwashing equipment, two walk-in coolers, and dedicated prep areas. Three front entrances are complemented by a side and rear service entry. Recent work included roof resurfacing, HVAC component replacement, electrical and plumbing updates, and cosmetic improvements. The property is zoned CBD, sits one block from Broad Street, adjoins the Town Green event area, and has access to street parking along Rutledge Street and City of Camden public parking beside much of the property.

Key Highlights

• 6,117‑square‑foot early 1900s brick building renovated in 2023
• Commercial kitchen exceeding 900 square feet
• Includes multiple cooktops/grills, exhaust system, dishwashing station, and two walk‑in coolers

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

$74,685

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

7.51%

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%

$1,493,700 $1.5M

Cap Rate 7%

$1,066,929 $1.1M

Cap Rate 9%

$829,833 $829.8K

Market Conditions

NOI Build-Up for 6,117 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

$112.3K $18.36/SF

− Vacancy

−$5.6K −$0.92/SF

EGI

$106.7K $17.44/SF

− OpEx

−$32.0K −$5.23/SF

NOI

$74.7K $12.21/SF

Area

Kershaw County, SC

Vacancy

5.00%

Lease Rate

$18.36 /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%

$1,493,700

Cap Rate 7%

$1,066,929

Cap Rate 9%

$829,833

Alternative Uses

Best Use

Specialty Retail

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,848 @ 7.0% cap · market cap 9.93%

Second Best

Industrial

$1.07M

$933.6K – $1.24M (±1% cap)

NOI $74,685 @ 7.0% cap · market cap 7.51%

Theoretical Best

Office A

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,438 @ 7.0% cap · market cap 10.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial kitchens

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Big Box & Wholesale Store Carpet & Flooring Store Bakery Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

903

Businesses Nearby

Explore this area Business Placement

Demographics for 29020, SC

23,264

Population

11,324

Households

2.1

Avg Household Size

45

Median Age

28%

College-Educated

89%

High-School Grad

232.7 sq mi

ZIP Area

100

Density / Sq Mi

$59,389

Median Household Income

$38,329

Median Earnings

$842

Median Rent

$208,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this commercial kitchens located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial kitchen - Renovated downtown facility with dining, event, catering, and covered outdoor areas.

Where is this commercial kitchen located?

The property is located at 514 Rutledge Street Camden, SC.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 6,117‑square‑foot early 1900s brick building renovated in 2023; Commercial kitchen exceeding 900 square feet; Includes multiple cooktops/grills, exhaust system, dishwashing station, and two walk‑in coolers