Commercial Building on Highway
For Sale
$1,349,990
990 Tiger Blvd, Clemson, SC 29631
6000 sq ft commercial building with ample parking.
Property Size6,000 SF
Lot Size0.48 Acres
Price / SF$224
Days on Market348
Property Features for 990 Tiger Blvd
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.48 Acres
Listing Agency:
Monaghan Co Real Estate
(864) 506-1141
Listed By:
Clay Duncan · License #103704
(864) 506-1141
Source:
Exprealty
Added: Sep 8, 2025
Changed: Aug 20
Last Checked: Aug 21 at 10:35AM
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 Monaghan Co Real Estate
Investment Insights
Based on property information with market context.
This commercial building is located on Highway 123 in Clemson. The building provides 6000 square feet of space. Ample parking is available. The location benefits from a traffic count of 30,000 per day.
Key Highlights
- High traffic count (30K per day) on Hwy 123.
- Commercial building in Clemson.
- 6000 square feet of building space.
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
$58,303
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
4.32%
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%
$1,166,060
$1.2M
Cap Rate 7%
$832,900
$832.9K
Cap Rate 9%
$647,811
$647.8K
Market Conditions
NOI Build-Up for 6,000 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
$86.4K $14.40/SF
− Vacancy
−$3.1K −$0.52/SF
EGI
$83.3K $13.88/SF
− OpEx
−$25.0K −$4.16/SF
NOI
$58.3K $9.72/SF
Area
Pickens County, SC
Vacancy
3.60%
Lease Rate
$14.40 /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%
$1,166,060
Cap Rate 7%
$832,900
Cap Rate 9%
$647,811
Alternative Uses
Best Use
Retail
$832.9K
$728.8K – $971.7K
NOI $58,303 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$887.1K
$776.3K – $1.04M
NOI $62,100 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
244k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 11%
Electronics 3%
Hotels & Casinos 1%
Chick-fil-A
Dining
34,626 visits/mo
0.3 miles
McDonald's
Dining
30,117 visits/mo
0.3 miles
Cook Out
Dining
27,957 visits/mo
0.2 miles
Starbucks
Dining
17,427 visits/mo
0.5 miles
Taco Bell
Dining
15,332 visits/mo
0.2 miles
Demographics for 29631, SC
17,291
Population
7,185
Households
2.4
Avg Household Size
27
Median Age
61%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
1,987
Density / Sq Mi
$50,217
Median Household Income
$15,693
Median Earnings
$954
Median Rent
$361,500
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.
Frequently Asked Questions
What type of property is this?
Storefront property - 6000 sq ft commercial building with ample parking.
Where is this storefront property located?
The property is located at 990 Tiger Blvd Clemson, SC.
What is the asking price?
The asking price for this property is $1,349,990.
What are key features of this property?
This property features: High traffic count (30K per day) on Hwy 123.; Commercial building in Clemson.; 6000 square feet of building space.
