Building Details

Floors in Building 2

Listing Agency: Southern Visions Realty I LLC Show Phone

Listed By: Doug Wilkes · License #61261 Show Phone

Added: May 30 Changed: Sep 24 Last Checked: Sep 25 at 3:06AM

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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.

Set on 2.96 acres, this automotive property includes an 80' x 50' main building with four insulated 12' overhead doors, open work area, finished walls, reinforced flooring, and LED lighting. Upstairs quarters or office space and a downstairs office, living or break area, and full bath are also part of the building. Two automotive lifts are included.

Covered areas comprise an 18' x 80' lean-to and an 18' x 30' lean-to, each with 14' clearance, plus a 24' x 24' open-span pole building with 13' clearance. The property has ID zoning, residential use permission, a private well and septic system, and space for parking and vehicle maneuvering.

Key Highlights

• 2.96‑acre automotive property
• 80' x 50' main building with four insulated 12' overhead doors
• Upstairs quarters or office, plus a downstairs office, living or break area, and full bath

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 (±1% cap)

NOI $60,338 @ 7.0% cap · market cap 9.28%

Second Best

Mixed Use

$665.4K

$582.2K – $776.3K (±1% cap)

NOI $46,575 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,600 @ 7.0% cap · market cap 13.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Performance4x4 (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Electrical Service HVAC Service Auto Parts Store Storage Facility Big Box & Wholesale Store

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

Lease Details

Yes

Highway access

Yes

Paved road access

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Similar For Sale Nearby

Auto Shop with Service Equipment

402 N Lee Street, Leesville, SC 29070

$595,000

3,192 SF

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Automotive Workshop with Covered Storage

5229 Augusta Highway, Leesville, SC 29070

$650,000

2.96 Acres

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Single-Tenant Office Building

326 E Church Street, Leesville, SC 29070

$157,000

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Frequently Asked Questions

What type of property is this?

Auto shop - Work areas, office and residential space, and separate covered structures support a flexible automotive property.

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 automotive property; 80' x 50' main building with four insulated 12' overhead doors; Upstairs quarters or office, plus a downstairs office, living or break area, and full bath