Convenience Store Fuel
For Sale
$599,901
623 Bypass 25 Ne, Greenwood, SC 29646
Freestanding convenience retail building with pumps, tanks, canopy, and storage on a high-traffic US-25 corridor.
Property Size1,365 SF
Lot Size0.94 Acres
Price / SF$439.49
Days on Market107
Property Features for 623 Bypass 25 Ne
General Information
Standard status
Active
Size
1,365 SF
Lot size
0.94 Acres
Site & Location
Traffic Count
24,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,506
Listing Agency:
Pros Realty
(864) 599-9907
Listed By:
Amin Pirani · License #113602
(864) 300-2646
Source:
Exprealty
Added: May 25
Changed: Aug 24
Last Checked: Sep 8 at 12:12PM
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 Pros Realty
Investment Insights
Based on property information with market context.
This 0.94-acre commercial site includes a 1,365-square-foot retail building currently used as a convenience store, plus fuel infrastructure and ancillary improvements included in the sale. The package features pumps, tanks, a canopy, and an additional storage building. The retail building is served by electric HVAC, with public water and sewer available on-site.
The property is positioned on the US-25 corridor with 24,000+ VPD, and it is located directly across from major retail. The fuel operation is described as having no jobber contract, allowing buyers full control over fuel supply, branding, and margins, supporting either continued use or redevelopment. The site is also presented as suitable for introducing additional inside food offerings to support retail sales.
The property is positioned on the US-25 corridor with 24,000+ VPD, and it is located directly across from major retail. The fuel operation is described as having no jobber contract, allowing buyers full control over fuel supply, branding, and margins, supporting either continued use or redevelopment. The site is also presented as suitable for introducing additional inside food offerings to support retail sales.
Key Highlights
- 0.94‑acre commercial site on the US‑25 corridor with a 1,365 SF freestanding convenience retail building
- Convenience store includes pumps, tanks, and a canopy, plus an additional storage building included in the sale
- Located directly across from major retail, with strong visibility on a high‑traffic corridor (24,000+ VPD)
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
$17,764
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
2.96%
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%
$355,280
$355.3K
Cap Rate 7%
$253,771
$253.8K
Cap Rate 9%
$197,378
$197.4K
Market Conditions
NOI Build-Up for 1,365 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
$24.6K $18.00/SF
− Vacancy
−$885 −$0.65/SF
EGI
$23.7K $17.35/SF
− OpEx
−$5.9K −$4.34/SF
NOI
$17.8K $13.01/SF
Area
Greenwood County, SC
Vacancy
3.60%
Lease Rate
$18.00 /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%
$355,280
Cap Rate 7%
$253,771
Cap Rate 9%
$197,378
Alternative Uses
Best Use
Specialty Retail
$253.8K
$222.1K – $296.1K
NOI $17,764 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$114.9K
$100.5K – $134.0K
NOI $8,041 @ 7.0% cap · market cap 1.34%
Theoretical Best
Office A
$428.8K
$375.2K – $500.3K
NOI $30,016 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Shops & Services 38%
Dining 7%
Hotels & Casinos 2%
Walmart
Superstores
65,042 visits/mo
0.3 miles
Spinx
Shops & Services
28,281 visits/mo
0.4 miles
Maxway
Shops & Services
8,823 visits/mo
0.1 miles
Dollar General
Shops & Services
7,325 visits/mo
0.1 miles
Hardee's
Dining
6,362 visits/mo
0.0 miles
Demographics for 29646, SC
26,783
Population
12,316
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
84%
High-School Grad
101.4 sq mi
ZIP Area
264
Density / Sq Mi
$41,669
Median Household Income
$37,556
Median Earnings
$818
Median Rent
$130,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Freestanding convenience retail building with pumps, tanks, canopy, and storage on a high-traffic US-25 corridor.
Where is this gas station located?
The property is located at 623 Bypass 25 Ne Greenwood, SC.
What is the asking price?
The asking price for this property is $599,901.
What are key features of this property?
This property features: 0.94‑acre commercial site on the US‑25 corridor with a 1,365 SF freestanding convenience retail building; Convenience store includes pumps, tanks, and a canopy, plus an additional storage building included in the sale; Located directly across from major retail, with strong visibility on a high‑traffic corridor (24,000+ VPD)
