Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Spaces in Anderson, SC Title is generated by Realmo AI

    1402 E River St, Anderson, SC 29624

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Two retail spaces available in high-traffic Anderson strip center.

    Type:Retail
    Property size:
    4,280 SF
    Added:
    Jul 13, 2023
    Days on Market:
    1059
    Last Refresh:
    May 12 at 10:54 pm

    Property Features for 1402 E River St

    General Information

    Standard status
    Active
    Size
    4,280 SF
    Property subtype
    Retail

    Spaces For Lease

    at 1402 E River St Contact us

    Space B $10/Mo

    Size
    4,280 SF
    Type
    Retail
    Space B at 1402 E River St is 4,280 SF of inline retail space with a lease rate of...
    show more
    Contact us

    Space A $12/Mo

    Size
    4,280 SF
    Type
    Retail
    Space A at 1402 E River St is a 4,280 SF endcap unit with a lease rate of $12 psf...
    show more
    Contact us

    We can help!

    Listing Contact
    Tim McDougall

    Listing agent Tim McDougall License #SC

    Listing office Divine Realty LLC

    Listing date Jul 13, 2023

    Source Crexi

    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 Divine Realty LLC

    HighLights

    • High‑visibility corner location at East River St and Shockley Rd.
    • Anchored by strong national tenants: Family Dollar and AutoZone.
    • End Cap Unit available with premium exposure.
    • Two retail spaces available, each +/- 4,280 SF.
    • Inline Unit available at $10 per SF NNN.
    • End Cap Unit available at $12 per SF NNN.

    Overview

    Located at 1402 E River St in Anderson, SC, this free-standing strip center offers leasing opportunities. Situated at the corner of East River St and Shockley Rd, the property features two available retail spaces, each approximately 4,280 square feet. One end-cap unit is available for lease at $12 per square foot NNN, offering premium exposure. An inline unit is available at $10 per square foot NNN. The location benefits from the presence of national anchors, including Family Dollar and AutoZone, which contribute to consistent traffic. This location is suitable for businesses seeking to establish or expand their presence.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store AutoZone Auto Parts Auto Parts Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6317881
    Latitude
    34.4953037

    Nearby Similar for Lease

    • $7,500/Mo

      Adaptable Commercial Space in Anderson

      Prime commercial property in Anderson's historic district for diverse ventures.
      200 W Benson Street, Anderson, SC 29624
      View Details
    • $3,400/Mo
      23,000 SF

      Main Street Office Space Available

      2800 SF Class A office space for rent.
      2315 N Main Street, Anderson, SC 29621
      View Details
    • $3,400/Mo

      Class A Office Space

      Professional office suite for rent in Anderson, SC.
      2315 N Main Street, Anderson, SC 29621
      View Details
    • $13 SF/Yr
      1,200 SF

      Retail Space in Whitehall Commons

      Retail or office space available in a high-traffic area.
      1486 Pearman Dairy Road, Anderson, SC 29625
      View Details
    • $18 SF/Yr
      1,800 SF

      Office Suite with High-End Finishes

      Well-finished office suite with private offices, conference space, ample parking, and strong visibility for professional teams.
      1801 North Main Street, Anderson, SC 29621
      View Details
    • $4,000/Mo
      3,200 SF

      Flex Building with Office, Warehouse

      Flex building with office and warehouse space for lease.
      109 Old Denver Road, Anderson, SC 29625
      View Details
    • $9 SF/Yr
      4,000 SF

      Miracle Mile Commercial Building

      Approximately 4000 SF building for lease with high visibility.
      102 Miracle Mile Dr, Anderson, SC 29621
      View Details
    • $1,800/Mo
      2,750 SF

      Downtown Anderson Flex Space Available

      Flex space for lease in downtown Anderson near redevelopments.
      114-118 Tribble St, Anderson, SC 29625
      View Details
    • $1,300/Mo
      1,300 SF

      Renovated Office Building For Rent

      Renovated office building with versatile space for rent.
      1311 South Murray Avenue, Anderson, SC 29624
      View Details
    • $1,300/Mo
      900 SF

      Office Space Near Downtown Anderson

      Office suite with three private offices, reception, and kitchenette.
      1214 North Main Street, Anderson, SC 29621
      View Details
    • $9 SF/Yr
      4,960 SF

      Warehouse Building Near Anderson Airport

      4960 SF warehouse space available for lease near airport.
      3226 Highway 24, Anderson, SC 29626
      View Details
    • $15 SF/Yr
      1,200 SF

      Renovated Office/Retail Space Available

      Newly renovated 1,200 SF office/retail space for lease.
      1207 Whitehall Road, Anderson, SC 29625
      View Details

    FAQs

    What type of property is this?
    Strip mall - Two retail spaces available in high-traffic Anderson strip center.
    Where is this strip mall located?
    The property is located at 1402 E River St Anderson, SC.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility corner location at East River St and Shockley Rd.; Anchored by strong national tenants: Family Dollar and AutoZone.; **End Cap Unit available with premium exposure.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim McDougall
    Real Estate License ID: SC
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1402 E River St, Anderson, SC 29624
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!