Gas Station on Commercial
New
For Sale
Contact for pricing
521 Hwy 601 S, Lugoff, SC 29078
Existing gas station with a dedicated building and commercial zoning in Lugoff, South Carolina.
Property Size2,328 SF
Lot Size1.10 Acres
Price / SF$429.55
Days on Market5
Property Features for 521 Hwy 601 S
General Information
Standard status
Active
Size
2,328 SF
Lot size
1.10 Acres
Property subtype
Retail
Listing Agency:
Colliers - Rosemont, Illinois
Listed By:
Peter Block · License #471002226
(847) 384-2840
Source:
Crexi
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:12PM
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 Colliers - Rosemont, Illinois
Investment Insights
Based on property information with market context.
This gas station property includes a 2,328-square-foot building on 1.1 acres. The site is located at 521 Hwy 601 S in Lugoff, South Carolina, and carries commercial zoning. The property is positioned for continued gas station use, with gas volume details available upon request.
Key Highlights
- 2,328‑square‑foot building
- 1.1‑acre property
- Commercial zoning
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
$37,619
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
3.76%
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%
$752,380
$752.4K
Cap Rate 7%
$537,414
$537.4K
Cap Rate 9%
$417,989
$418.0K
Market Conditions
NOI Build-Up for 2,328 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
$53.1K $22.80/SF
− Vacancy
−$2.9K −$1.25/SF
EGI
$50.2K $21.55/SF
− OpEx
−$12.5K −$5.39/SF
NOI
$37.6K $16.16/SF
Area
Kershaw County, SC
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$752,380
Cap Rate 7%
$537,414
Cap Rate 9%
$417,989
Alternative Uses
Best Use
Specialty Retail
$537.4K
$470.2K – $627.0K
NOI $37,619 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$472.7K
$413.6K – $551.5K
NOI $33,087 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$573.2K
$501.6K – $668.8K
NOI $40,127 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 37%
Hotels & Casinos 5%
Shell
Shops & Services
14,783 visits/mo
0.1 miles
Dollar General
Shops & Services
8,878 visits/mo
0.2 miles
Hardee's
Dining
8,097 visits/mo
0.1 miles
Waffle House
Dining
6,903 visits/mo
0.0 miles
Days Inn
Hotels & Casinos
1,279 visits/mo
0.2 miles
Demographics for 29078, SC
16,430
Population
6,796
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
125.7 sq mi
ZIP Area
131
Density / Sq Mi
$66,657
Median Household Income
$39,296
Median Earnings
$893
Median Rent
$183,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Existing gas station with a dedicated building and commercial zoning in Lugoff, South Carolina.
Where is this gas station located?
The property is located at 521 Hwy 601 S Lugoff, SC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 2,328‑square‑foot building; 1.1‑acre property; Commercial zoning
