Automotive Service
For Sale
$650,000
5229 Augusta Highway, Leesville, SC 29070
COMMERCIAL/INDUSTRIAL, Leesville, SC
Property Size4,500 SF
Lot Size2.96 Acres
Price / SF$144.44
Days on Market91
Property Features for 5229 Augusta Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Parking
20
Directions
Follow Hwy 1
Subdivision
Lexington and surrounding area
Standard status
Active
Size
4,500 SF
Lot size
2.96 Acres
Amenities
premium vinyl siding
HD metal roofing
insulated commercial overhead doors
finished walls
reinforced commercial-grade flooring
LED lighting
open workspace
office/living/break area
full bath
private well
septic
automotive lifts
Building Details
Floors in Building
2
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Doug Wilkes · License #61261
(803) 359-9571
Added: May 30
Changed: Aug 26
Last Checked: Aug 28 at 6:06PM
MLS# 635335
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.
Located at 5229 Augusta Highway in Leesville, this automotive-oriented property combines a stud-framed service building with covered and open-span storage improvements. The main building includes four insulated 12-foot commercial overhead doors, finished interior walls, reinforced commercial-grade flooring, LED lighting, open workspace, an office or living area, a break area, and a full bath. Upstairs quarters and office space are also included. Two automotive lifts convey with the property.
Additional improvements include an 18-by-80-foot western lean-to with 14-foot clearance, an 18-by-30-foot southern lean-to with matching clearance, and a 24-by-24-foot rear pole building with 13-foot clearance. The 2.96-acre site provides parking, maneuvering room, and expansion area. Zoning is Intensive Development (ID), and residential use is currently permitted. A private well and septic system are in place.
Additional improvements include an 18-by-80-foot western lean-to with 14-foot clearance, an 18-by-30-foot southern lean-to with matching clearance, and a 24-by-24-foot rear pole building with 13-foot clearance. The 2.96-acre site provides parking, maneuvering room, and expansion area. Zoning is Intensive Development (ID), and residential use is currently permitted. A private well and septic system are in place.
Key Highlights
- 2.96‑acre site at 5229 Augusta Highway, Leesville, SC
- Four insulated 12' commercial overhead doors
- 18' x 80' and 18' x 30' covered lean‑tos with 14' clearance
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
$46,575
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
7.17%
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%
$931,500
$931.5K
Cap Rate 7%
$665,357
$665.4K
Cap Rate 9%
$517,500
$517.5K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$6.5K −$1.44/SF
EGI
$74.5K $16.56/SF
− OpEx
−$27.9K −$6.21/SF
NOI
$46.6K $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%
$931,500
Cap Rate 7%
$665,357
Cap Rate 9%
$517,500
Alternative Uses
Best Use
Office B
$862.0K
$754.2K – $1.01M
NOI $60,338 @ 7.0% cap · market cap 9.28%
Second Best
Mixed Use
$665.4K
$582.2K – $776.3K
NOI $46,575 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,600 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29070, SC
15,757
Population
7,733
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
87%
High-School Grad
164.1 sq mi
ZIP Area
96
Density / Sq Mi
$64,833
Median Household Income
$40,857
Median Earnings
$939
Median Rent
$188,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Flexible improvements combine vehicle-service capability, covered storage, offices, and residentially permitted space.
Where is this auto shop located?
The property is located at 5229 Augusta Highway Leesville, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2.96‑acre site at 5229 Augusta Highway, Leesville, SC; Four insulated 12' commercial overhead doors; 18' x 80' and 18' x 30' covered lean‑tos with 14' clearance
