Auto Shop with Laydown
For Sale
$439,000
5671 West Oak Highway, Westminster, SC 29693
Corner-lot auto shop includes a fenced, gated laydown yard and multiple work structures with overhead crane and lifts.
Property Size6,600 SF
Days on Market116
Property Features for 5671 West Oak Highway
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Industrial
Building Details
Building Size
6,600 SF
Listing Agency:
McCoy Wright Commercial Real Estate
Listed By:
Max Kinser · License #109810
(404) 791-0865
Source:
Mccoywright
Added: May 14
Changed: Aug 8
Last Checked: Sep 4 at 2:14AM
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 McCoy Wright Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 5671 West Oak Highway includes a 6,000-square-foot shop building currently operating as an auto repair and sales office, along with fenced and gated laydown yard space. The main shop has separate bathroom facilities, heat and insulation, mezzanine storage, multiple work areas, and parts and tool cribs. Operational features include an overhead crane, 3 car lifts, and 16-foot clear height, plus 20’ x 14.75’ sliding barn doors. The building also includes a loading dock, covered outdoor storage, and both sales and back office areas.
Additional site improvements include a 24 x 36 pole barn enclosed on three sides and a 60 x 20 pole barn. There is covered outdoor storage associated with the 6,000-square-foot building and a larger fenced, gated yard that supports equipment and vehicle staging. The property is located on a corner lot with easy access to I-85, approximately 12 minutes away.
Section 1 of the shop building will need structural repair in the floor. The property also includes 200 Amp single-phase power on site.
Additional site improvements include a 24 x 36 pole barn enclosed on three sides and a 60 x 20 pole barn. There is covered outdoor storage associated with the 6,000-square-foot building and a larger fenced, gated yard that supports equipment and vehicle staging. The property is located on a corner lot with easy access to I-85, approximately 12 minutes away.
Section 1 of the shop building will need structural repair in the floor. The property also includes 200 Amp single-phase power on site.
Key Highlights
- 1.6‑acre corner lot with a fenced and gated laydown yard plus covered outdoor storage
- 6,000 SF shop building currently used for auto repair and sales office, with loading dock and sales/back office areas
- Main shop offers a 16 ft clear height and an overhead crane, plus 3 car lifts and multiple work areas
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
$21,852
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
4.98%
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%
$437,040
$437.0K
Cap Rate 7%
$312,171
$312.2K
Cap Rate 9%
$242,800
$242.8K
Market Conditions
NOI Build-Up for 6,600 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
$34.7K $5.26/SF
− Vacancy
−$3.5K −$0.53/SF
EGI
$31.2K $4.73/SF
− OpEx
−$9.4K −$1.42/SF
NOI
$21.9K $3.31/SF
Area
Oconee County, SC
Vacancy
10.08%
Lease Rate
$5.26 /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%
$437,040
Cap Rate 7%
$312,171
Cap Rate 9%
$242,800
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,166 @ 7.0% cap · market cap 18.26%
Second Best
Industrial
$312.2K
$273.2K – $364.2K
NOI $21,852 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,974 @ 7.0% cap · market cap 26.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29693, SC
14,614
Population
8,002
Households
1.8
Avg Household Size
45
Median Age
17%
College-Educated
83%
High-School Grad
173.4 sq mi
ZIP Area
84
Density / Sq Mi
$51,384
Median Household Income
$37,334
Median Earnings
$838
Median Rent
$168,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tri-State Mobile Repairs — 141 Chiefs Ln, Westminster, SC 29693
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-lot auto shop includes a fenced, gated laydown yard and multiple work structures with overhead crane and lifts.
Where is this auto shop located?
The property is located at 5671 West Oak Highway Westminster, SC.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1.6‑acre corner lot with a fenced and gated laydown yard plus covered outdoor storage; 6,000 SF shop building currently used for auto repair and sales office, with loading dock and sales/back office areas; Main shop offers a 16 ft clear height and an overhead crane, plus 3 car lifts and multiple work areas
