Operating Retail Store on
For Sale
Contact for pricing
746 Sunset Blvd, West Columbia, SC 29169
Operating convenience/retail store on Sunset Boulevard with high visibility.
Property Size3,840 SF
Price / SF$390.63
Days on Market168
Property Features for 746 Sunset Blvd
General Information
Standard status
Active
Size
3,840 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
1960
Tenancy
Single
Listing Agency:
Southern Visions Real Estate
(803) 238-2819
Listed By:
W. Rhett Kelly · License #SC 86844
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 11 at 1:04PM
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 Southern Visions Real Estate
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an operating convenience/retail store, without gas, located on Sunset Boulevard in West Columbia. The location benefits from high daily traffic counts and easy access. The property includes two tax parcels (TMS 004661-02-019 and 004661-02-023) and features a large on-site parking lot. The existing building is currently in operation, offering immediate income potential. The property is surrounded by established residential neighborhoods and nearby commercial activity, making it suitable for a convenience store, specialty retail, market, or similar neighborhood-serving use. The property size is 3840 square feet.
Key Highlights
- High‑visibility location on Sunset Boulevard with strong daily traffic.
- Large on‑site parking lot with convenient ingress/egress.
- Immediate income potential from existing operating convenience/retail store.
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
$55,349
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
3.69%
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%
$1,106,980
$1.1M
Cap Rate 7%
$790,700
$790.7K
Cap Rate 9%
$614,989
$615.0K
Market Conditions
NOI Build-Up for 3,840 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
$77.0K $20.04/SF
− Vacancy
−$3.2K −$0.82/SF
EGI
$73.8K $19.22/SF
− OpEx
−$18.4K −$4.80/SF
NOI
$55.3K $14.41/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$20.04 /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%
$1,106,980
Cap Rate 7%
$790,700
Cap Rate 9%
$614,989
Alternative Uses
Best Use
Specialty Retail
$790.7K
$691.9K – $922.5K
NOI $55,349 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$552.4K
$483.3K – $644.5K
NOI $38,667 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.03M
$902.4K – $1.20M
NOI $72,192 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
7,141 visits/mo
0.1 miles
Mobil
Shops & Services
5,327 visits/mo
0.0 miles
Kangaroo Express
Shops & Services
2,783 visits/mo
0.0 miles
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
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.
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating convenience/retail store on Sunset Boulevard with high visibility.
Where is this grocery and convenience store located?
The property is located at 746 Sunset Blvd West Columbia, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑visibility location on Sunset Boulevard with strong daily traffic.; Large on‑site parking lot with convenient ingress/egress.; Immediate income potential from existing operating convenience/retail store.
