Established Automotive Business
For Sale
Contact for pricing
Darlington Ave, Hartsville, SC 29550
Operating automotive business and building for sale in Hartsville.
Property Size5,493 SF
Price / SF$104.68
Days on Market709
Property Features for Darlington Ave
General Information
Standard status
Active
Size
5,493 SF
Property subtype
Business for Sale, Retail
Zoning
B3
Building Details
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Choice Realty
Listed By:
Jonathan Lee · License #SC
(854) 205-3527
Source:
Crexi
Added: Sep 29, 2024
Changed: Sep 5
Last Checked: Sep 7 at 8:42AM
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 Choice Realty
Investment Insights
Based on property information with market context.
This is an opportunity to acquire both the building and an established automotive business. The 5,493 square foot building is situated on a major street in Darlington County, approximately 15 minutes from Darlington Raceway. The location benefits from high traffic counts, with 14,300 vehicles per day on 5th Street and 12,900 vehicles per day on 4th Street, the two major thoroughfares leading into Hartsville. The property is surrounded by long-term established service businesses and offers potential for an enthusiastic entrepreneur to capitalize on an excellent business location, solid customer base, excellent reputation, and a solid team, along with essential tools and equipment for an automotive business.
Key Highlights
- Established automotive business with building included.
- Excellent location on a major cut‑through street with high traffic counts.
- Solid customer base and excellent reputation.
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
$34,467
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
5.99%
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%
$689,340
$689.3K
Cap Rate 7%
$492,386
$492.4K
Cap Rate 9%
$382,967
$383.0K
Market Conditions
NOI Build-Up for 5,493 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
$54.7K $9.96/SF
− Vacancy
−$5.5K −$1.00/SF
EGI
$49.2K $8.96/SF
− OpEx
−$14.8K −$2.69/SF
NOI
$34.5K $6.27/SF
Area
Darlington County, SC
Vacancy
10.00%
Lease Rate
$9.96 /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%
$689,340
Cap Rate 7%
$492,386
Cap Rate 9%
$382,967
Alternative Uses
Best Use
Retail
$492.4K
$430.8K – $574.5K
NOI $34,467 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$353.6K
$309.4K – $412.6K
NOI $24,755 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$10.16M
$8.89M – $11.85M
NOI $711,151 @ 7.0% cap · market cap 123.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29550, SC
30,013
Population
13,913
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
87%
High-School Grad
208.2 sq mi
ZIP Area
144
Density / Sq Mi
$54,191
Median Household Income
$36,518
Median Earnings
$851
Median Rent
$169,200
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.
Similar Off Market Nearby
- Strickland Brothers 10 Minute Oil Change — 910 S Fifth St, Hartsville, SC 29550
- Gibson Wheel Alignment & Tire Service — 200 Darlington Ave, Hartsville, SC 29550
- Quality Auto Sales Service Center of Hartsville — 220 Darlington Ave, Hartsville, SC 29550
- Phoenix Premium Performance — 311 Sumter St, Hartsville, SC 29550
- Brads Automotive — 544 S Fifth St, Hartsville, SC 29550
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive business and building for sale in Hartsville.
Where is this auto shop located?
The property is located at Darlington Ave Hartsville, SC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Established automotive business with building included.; Excellent location on a major cut‑through street with high traffic counts.; Solid customer base and excellent reputation.
