Listing Agency: Keller Williams Preferred

Listed By: Marvin Coakley · License #109100 Show Phone

Source: Exprealty

Added: Sep 11 Changed: Sep 21 Last Checked: Sep 22 at 9:08PM

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Investment Insights

Based on property information with market context.

This motel property contains approximately 5,103 square feet and is located at 7448 State Highway 34 E in Ridgeway, South Carolina. The asset is configured as an existing lodging property rather than a vacant development site.

State Highway 34 provides the property’s immediate roadway setting, while access to I-77 supports regional connectivity. The motel’s location along the I-77 corridor places it within an established highway-oriented travel route.

Key Highlights

• Approximately 5,103‑square‑foot motel property
• Located at 7448 State Highway 34 E, Ridgeway, SC
• Positioned along State Highway 34

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 (±1% cap)

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 (±1% cap)

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

Motels

Suggested Use

Top Pick Barber Shop Auto Repair Shop Hotel & Motel Nursing Home Bar & Pub Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

21

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

Questions? Ask Rey

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What type of property is this? Where is this motels located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Motel - Existing lodging property positioned along State Highway 34 with convenient access to I-77.

Where is this motel located?

The property is located at 7448 State Highway 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: Approximately 5,103‑square‑foot motel property; Located at 7448 State Highway 34 E, Ridgeway, SC; Positioned along State Highway 34