Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    266/268 Lee St Johnston, SC 29832

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    266/268 Lee St Johnston, SC 29832

    View on Map
    • Retail properties & Spaces
    • 1,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 266/268 Lee St

    Property size
    1,300 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 266/268 Lee Street in Johnston, South Carolina, presents a compelling investment opportunity. The property boasts 1,300 square feet of versatile commercial space, ideally suited for a variety of business ventures. Situated in Edgefield County, with a zip code of 29832, this location offers convenient access to local amenities and a thriving community. The property's address is clearly visible from the street, ensuring high visibility for any business operating within. The asking price is $249,000, representing a strong value proposition in the current market. This is a special-purpose property, offering a unique chance to establish or expand a business in a desirable South Carolina location. The property's size and layout provide ample space for various retail configurations, allowing for customization to meet specific business needs. Its strategic location within Johnston provides access to a substantial customer base and offers significant potential for growth and profitability. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new business owners. This is an excellent opportunity for investors seeking a strong return on investment in a stable and growing market. Serious inquiries are encouraged to explore this promising retail investment. The property is categorized as a business-type retail space. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Edgefield
    State
    South Carolina
    Longitude
    -81.7975
    Latitude
    33.8245

    Comparable in this City

    • Value Estimation by Request
      3,300 SF

      397 Lee St

      Restaurants • 3,300 SF
      397 Lee St, Johnston, SC 29832
      View Details
    • Value Estimation by Request
      2,999 SF

      413 Edisto St

      Restaurants • 2,999 SF
      413 Edisto St, Johnston, SC 29832
      View Details
    • Value Estimation by Request
      3,000 SF

      534 Calhoun St

      Restaurants • 3,000 SF
      534 Calhoun St, Johnston, SC 29832
      View Details
    • Value Estimation by Request
      2,142 SF

      532 Calhoun St

      Retail properties & Spaces • 2,142 SF
      532 Calhoun St, Johnston, SC 29832
      View Details
    • Value Estimation by Request
      9,180 SF

      287 Lee St

      Individual retail properties • 9,180 SF
      287 Lee St, Johnston, SC 29832
      View Details
    • Value Estimation by Request

      Lot C Duncan Rd

      Land
      0 Lot C Duncan Rd, Johnston, SC 29832
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,687 SF

      New Dollar General Market Store

      NNN leased Dollar General Market store with corporate guaranty.
      Lee St, Johnston, SC 29832
      View Details
    • Contact for pricing
      0.28 Acres

      Wooded Land Parcel in Johnston

      0.28 acre wooded parcel ideal for custom home build.
      Sertoma Dr, Johnston, SC 29832
      View Details
    • $150,000
      15.00 Acres

      Unrestricted Wooded Acreage For Sale

      15 acre wooded property with road frontage in Johnston, SC.
      Sumpter Rd, Johnston, SC 29832
      View Details
    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.
    266/268 Lee St
    Johnston, SC 29832
    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!