Motel Along Highway
New
For Sale
$900,000
7448 HWY 34 E, Ridgeway, SC 29130
COMMERCIAL/INDUSTRIAL, Ridgeway, SC
Property Size5,103 SF
Lot Size2.17 Acres
Price / SF$176.37
Days on Market2
Property Features for 7448 HWY 34 E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Parking
20
Directions
Take Higway I-77 North to exit 34. Take right on Hwy 34 towards Ridgeway approximately 1/2 mile on the right.
Subdivision
Fairfield County
Standard status
Active
Size
5,103 SF
Lot size
2.17 Acres
Utilities
Cooling system
Wall Unit(s)
Building Details
Floors in Building
1
Roof type
Shingle
Listing Agency:
Keller Williams Preferred · Keller Williams Realty
(803) 602-6500
Listed By:
Marvin Coakley · License #109100
(843) 617-5448
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 3:06PM
MLS# 642897
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.
This motel property includes 5,103 square feet of existing lodging improvements on a 2.17-acre parcel. The asset is identified for motel use and carries B2 zoning, with wall-unit cooling and a shingle roof. Its established physical configuration provides a defined hospitality property rather than a vacant development site.
The property is located at 7448 HWY 34 E in Ridgeway, South Carolina, along State Highway 34 and within the I-77 corridor. The address is in Fairfield County and carries the 29130 postal code. The combination of an existing motel improvement, highway frontage context, and proximity to I-77 establishes the property's transportation-oriented setting.
The property is located at 7448 HWY 34 E in Ridgeway, South Carolina, along State Highway 34 and within the I-77 corridor. The address is in Fairfield County and carries the 29130 postal code. The combination of an existing motel improvement, highway frontage context, and proximity to I-77 establishes the property's transportation-oriented setting.
Key Highlights
- 5,103‑square‑foot motel property
- 2.17‑acre parcel
- Located along State Highway 34 in the I‑77 corridor
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
$28,156
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
3.13%
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%
$563,120
$563.1K
Cap Rate 7%
$402,229
$402.2K
Cap Rate 9%
$312,844
$312.8K
Market Conditions
NOI Build-Up for 5,103 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
$67.4K $13.20/SF
− Vacancy
−$8.1K −$1.58/SF
EGI
$59.3K $11.62/SF
− OpEx
−$31.1K −$6.10/SF
NOI
$28.2K $5.52/SF
Area
Fairfield County, SC
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
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%
$563,120
Cap Rate 7%
$402,229
Cap Rate 9%
$312,844
Alternative Uses
Best Use
Hotel Hospitality
$402.2K
$352.0K – $469.3K
NOI $28,156 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,959 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29130, SC
6,387
Population
3,571
Households
1.8
Avg Household Size
53
Median Age
20%
College-Educated
87%
High-School Grad
150.9 sq mi
ZIP Area
42
Density / Sq Mi
$72,614
Median Household Income
$42,361
Median Earnings
$890
Median Rent
$246,200
Median Home Value
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Similar Off Market Nearby
- Ridgeway Inn — 7448 SC-34 E, Ridgeway, SC 29130
Frequently Asked Questions
What type of property is this?
Motel - Existing lodging property with B2 zoning, wall-unit cooling, and shingle roofing.
Where is this motel located?
The property is located at 7448 HWY 34 E Ridgeway, SC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5,103‑square‑foot motel property; 2.17‑acre parcel; Located along State Highway 34 in the I‑77 corridor
