Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    442 E Railroad Ave Batesburg-Leesville, SC 29070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant with outdoor venue and expansion potential in thriving community.

    Type:Retail
    Property size:
    1,800 SF
    Added:
    Jun 26, 2024
    Days on Market:
    663
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 442 E Railroad Ave

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Curtis Hanna

    Listing agent Curtis Hanna License #SC 132904 / GA 430540

    Listing office Meybohm Commercial

    Listing date Jun 26, 2024

    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 Meybohm Commercial

    Overview

    Restaurant Opportunity in Batesburg Leesville

    Located at 442 E Railroad Ave in Batesburg Leesville, SC, this property presents an investment opportunity in the Batesburg Leesville area. The current owners have improved the restaurant by building a larger kitchen, walk in refrigerator, increased indoor and outdoor seating, as well as adding an outside venue. The outdoor setting sets it apart from others in the area, as well as their expansive menu. The restaurant does not serve alcohol. There is potential for an investor who is willing to extend the current hours, focus on live entertainment, offer catering and expand to serve alcohol. Batesburg Leesville, SC, offers a welcoming environment for retail and restaurant investors, with a location moments from the heart of town. Nearby points of interest include Lake Murray and the downtown area with its unique shops and entertainment. The property size is 1800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HEbrews Café Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Shealy's Bar-B-Que — 340 E Columbia Ave, Batesburg-Leesville, SC 29070

    Location Insight

    • Map
    • Local Demand
    City
    Batesburg-Leesville
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.5106551
    Latitude
    33.918328

    Nearby Similar for Sale

    • Contact for pricing
      506,000 SF

      Industrial Portfolio Bankruptcy Sale

      Three industrial properties totaling 506,000± SF across Pennsylvania, Maryland, and South Carolina.
      Berwick, PA Hagerstown, MD Batesburg-Leesville, SC
      View Details
    • $750,000
      8,400 SF

      Event Venue with Renovated Barn

      8,400 SF event venue on 9 acres for sale.
      1120 Plantation Ln, Batesburg-Leesville, SC 29006
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with outdoor venue and expansion potential in thriving community.
    Where is this conventional restaurant located?
    The property is located at 442 E Railroad Ave Batesburg-Leesville, SC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Established restaurant with recent improvements including a larger kitchen, walk‑in refrigerator, and increased indoor/outdoor seating.; Unique outdoor venue setting, differentiating it from other restaurants in the area.; Significant growth potential by extending hours, offering live entertainment, catering, and serving alcohol.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Curtis Hanna
    Real Estate License ID: SC 132904 / GA 430540
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!