Turnkey Restaurant
For Sale
$230,000
7509 H Garners Ferry Road, Columbia, SC 29209
COMMERCIAL - Columbia, SC
Property Size1,200 SF
Price / SF$191.67
Days on Market53
Property Features for 7509 H Garners Ferry Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
RM-2
Directions
GPS. East Point Plaza
Subdivision
Columbia - Southeast
Standard status
Active
Size
1,200 SF
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
United Real Estate SC
(803) 399-7239
Listed By:
Misun Shin
(803) 315-8223
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 13 at 9:06AM
MLS# 636985
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 for-sale, owner-operated restaurant is presented as a well-established operation with reported strong sales performance. The property is offered with an operating business and a loyal local customer base, positioned for continuity by a family operator or experienced restaurateur.
The restaurant is located on H Garners Ferry Road in a high-traffic area with stated excellent visibility and on-site customer parking. The property is zoned RM-2, which should be confirmed for specific intended uses and any planned changes.
The listing reports $550,000 in annual sales for 2025. The local multiple listing service has not reviewed or endorsed any vendors that may appear in related materials.
The restaurant is located on H Garners Ferry Road in a high-traffic area with stated excellent visibility and on-site customer parking. The property is zoned RM-2, which should be confirmed for specific intended uses and any planned changes.
The listing reports $550,000 in annual sales for 2025. The local multiple listing service has not reviewed or endorsed any vendors that may appear in related materials.
Key Highlights
- Owner‑operated, well‑established restaurant
- $550K annual sales (2025)
- Located in a high‑traffic area
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
$19,391
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
8.43%
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%
$387,820
$387.8K
Cap Rate 7%
$277,014
$277.0K
Cap Rate 9%
$215,456
$215.5K
Market Conditions
NOI Build-Up for 1,200 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
$27.4K $22.80/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$25.9K $21.55/SF
− OpEx
−$6.5K −$5.39/SF
NOI
$19.4K $16.16/SF
Area
Columbia, SC
Vacancy
5.50%
Lease Rate
$22.80 /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%
$387,820
Cap Rate 7%
$277,014
Cap Rate 9%
$215,456
Alternative Uses
Best Use
Specialty Retail
$277.0K
$242.4K – $323.2K
NOI $19,391 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.5K
$258.6K – $344.7K
NOI $20,684 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Owner-operated restaurant with reported 2025 annual sales and customer parking in a high-traffic, visible location.
Where is this conventional restaurant located?
The property is located at 7509 H Garners Ferry Road Columbia, SC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Owner‑operated, well‑established restaurant; $550K annual sales (2025); Located in a high‑traffic area
