Gas Station with Convenience
For Sale
$599,901
623 US-25, Greenwood, SC 29646
COMMERCIAL/INDUSTRIAL, Greenwood, SC
Property Size1,365 SF
Lot Size0.94 Acres
Price / SF$439.49
Days on Market89
Property Features for 623 US-25
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Downtown Greenwood, go east on Main St. Continue straight onto Monument St / US-25 BUS N. Stay on US-25 BUS for about 1.2 miles. Merge right onto US-25 N / Bypass 25. Continue 2 miles on US-25 N. 623 US-25 will be on your right
Standard status
Active
Size
1,365 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5506
Utilities
Cooling system
Central Air
Water source
Public
Amenities
public water/sewer
electric HVAC
canopy
storage building
Building Details
Flooring type
Concrete
Listing Agency:
Agent Pros Realty
(864) 599-9907
Listed By:
Amin Pirani · License #113602
(864) 300-2646
Added: May 25
Changed: Aug 19
Last Checked: Aug 21 at 1:06PM
MLS# 337524
Copyright © 2026 Spartanburg Association of REALTORS, Inc. 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.
This 0.94-acre gas station property includes a 1,365-square-foot retail building currently operating as a convenience store. The sale includes fuel pumps, underground tanks, a canopy, and a separate storage building. The structure has concrete flooring, central air, and electric HVAC service.
The property fronts US-25 in Greenwood and records traffic exceeding 24,000 vehicles per day. It is positioned across from major retail and within a corridor described as surrounded by ongoing growth. Public water and sewer serve the site, and no jobber contract is in place, allowing the operator to control fuel sourcing and branding.
The existing improvements support continued fuel and convenience retail use, while the site also includes physical components relevant to future commercial redevelopment.
The property fronts US-25 in Greenwood and records traffic exceeding 24,000 vehicles per day. It is positioned across from major retail and within a corridor described as surrounded by ongoing growth. Public water and sewer serve the site, and no jobber contract is in place, allowing the operator to control fuel sourcing and branding.
The existing improvements support continued fuel and convenience retail use, while the site also includes physical components relevant to future commercial redevelopment.
Key Highlights
- 0.94‑acre gas station site at 623 US‑25, Greenwood, SC 29646
- 1,365‑square‑foot convenience store building
- Fuel pumps, tanks, canopy, and storage building included
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 - Fueling infrastructure and a retail building occupy a commercial site served by public water and sewer.
Where is this gas station located?
The property is located at 623 US-25 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 gas station site at 623 US‑25, Greenwood, SC 29646; 1,365‑square‑foot convenience store building; Fuel pumps, tanks, canopy, and storage building included
