Gas Station
For Sale
Contact for pricing
717 North Greenwood Avenue Extension, Ware Shoals, SC 29692
Gas station for sale at a 4-way intersection.
Property Size1,596 SF
Price / SF$59.52
Days on Market102
Property Features for 717 North Greenwood Avenue Extension
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Retail
Listing Agency:
Shane Crummie
Listed By:
Shane Weatherford · License #131373
Source:
Crexi
Added: May 19
Changed: Aug 27
Last Checked: Aug 26 at 5:29PM
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 Shane Crummie
Investment Insights
Based on property information with market context.
This property is a gas station located at a 4-way intersection. The property size is 1,596 square feet. Lottery sales are $30,000, and the station sells 2,000 gallons of fuel. The rent is $2,600. The store is currently not being run properly. There are no other gas stations at the intersection. The current owner does not serve any hot foods or vape/smoke products. A strong operator could serve hot dogs and food and improve business.
Key Highlights
- Located at a 4‑way intersection with no other gas stations, offering a monopoly in the immediate area.
- Lottery sales inside.
- High gasoline volume potential: 30,000 gallons.
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
$7,361
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
7.75%
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%
$147,220
$147.2K
Cap Rate 7%
$105,157
$105.2K
Cap Rate 9%
$81,789
$81.8K
Market Conditions
NOI Build-Up for 1,596 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
$16.3K $10.20/SF
− Vacancy
−$5.8K −$3.61/SF
EGI
$10.5K $6.59/SF
− OpEx
−$3.2K −$1.98/SF
NOI
$7.4K $4.61/SF
Area
Greenwood County, SC
Vacancy
35.40%
Lease Rate
$10.20 /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%
$147,220
Cap Rate 7%
$105,157
Cap Rate 9%
$81,789
Alternative Uses
Best Use
Specialty Retail
$296.7K
$259.6K – $346.2K
NOI $20,770 @ 7.0% cap · market cap 21.86%
Second Best
Industrial
$134.3K
$117.5K – $156.7K
NOI $9,401 @ 7.0% cap · market cap 9.90%
Theoretical Best
Office A
$501.4K
$438.7K – $584.9K
NOI $35,096 @ 7.0% cap · market cap 36.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 29692, SC
4,602
Population
2,630
Households
1.7
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
48.6 sq mi
ZIP Area
95
Density / Sq Mi
$42,533
Median Household Income
$32,128
Median Earnings
$744
Median Rent
$95,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Gas station for sale at a 4-way intersection.
Where is this gas station located?
The property is located at 717 North Greenwood Avenue Extension Ware Shoals, SC.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Located at a 4‑way intersection with no other gas stations, offering a monopoly in the immediate area.; Lottery sales inside.; High gasoline volume potential: **30,000 gallons.**
