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    147 S Ron Mcnair Blvd Lake City, SC 29560
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    147 S Ron Mcnair Blvd, Lake City, SC 29560

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    • Drive through restaurants
    • 2,819 SF
    • 0.61 lot acres
    For Sale
    $850,000
    View Listing →
    Vacant Restaurant with Drive-Thru For Sale
    $850,000
    2,819 SF

    Vacant Restaurant with Drive-Thru

    2,819 SF vacant restaurant with drive-thru for sale.

    147 S Ron McNair Blvd, Lake City, SC 29560
    View Listing
    Property ID
    US77-0693348
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 147 S Ron Mcnair Blvd

    Year built
    1988
    Lot size
    0.61 lot acres
    Zone code
    HB
    Property type
    Drive through restaurants
    APN
    80008-18-016
    APU
    8000818016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2022 $725,000 Shreeji Property Of Lake City II Ll Gfc Leasing Corp LLC Limited Warranty Deed $580k · First Bank
    Sep 18, 2017 — Gfc Leasing Corp LLC — Grant Deed · related $15M · Bank Snb NA
    Jul 3, 2014 $475,000 Gfc Leasing Corp LLC Westcott Investments LLC Warranty Deed $500k · Nbsc

    Description

    This exceptional 2,819-square-foot vacant quick-service restaurant (QSR) building is ideally situated on a 0.73-acre lot at the corner of S Ron McNair Blvd (US-52) and Wilcox St in Lake City, South Carolina. The property boasts excellent visibility and accessibility with three convenient access points: two curb cuts on Ron McNair Blvd and one on Wilcox St. Benefit from high traffic volume, averaging approximately 15,000 vehicles daily. The existing infrastructure includes a drive-thru lane, ample parking for 29 vehicles, a ready-made patio seating area, and prominent pylon signage. The building is ready for immediate occupancy. Lake City's strategic location, midway between Columbia and Myrtle Beach, SC, and approximately 25 miles south of Florence, SC, ensures a strong customer base. The area is densely populated with numerous national and regional retailers, including Burger King, Hardee's, McDonald's, Subway, Pizza Hut, Advance Auto, Tractor Supply, T-Mobile, Bojangles, Wendy's, Taco Bell, and a soon-to-open Dunkin'. This turnkey property presents a unique opportunity for a savvy investor or operator seeking a high-traffic location with established infrastructure. The asking price is $850,000, with a price per square foot of $301.53. This is a single-unit building on a single lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $730,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7607
    Latitude
    33.873
    CBSA code
    22500
    CBSA name
    FLORENCE, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,139
    $4,339
    $24,661
    $29,000
    -
    $108,472
    $616,529
    $725,001

    Comparable in this City

    • Value Estimation by Request
      3,900 SF

      700 Us 52nd Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      700 Us 52nd Hwy, Lake City, SC 29560-2484
      View Details
    • Value Estimation by Request
      1,396 SF

      137 Ron Mcnair Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      137 Ron Mcnair Blvd, Lake City, SC 29560-2435
      View Details
    • Value Estimation by Request
      2,200 SF

      896 Us 52nd Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      896 Us 52nd Hwy, Lake City, SC 29560-5907
      View Details
    • Value Estimation by Request
      2,958 SF

      120 Ron Mcnair Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      120 Ron Mcnair Blvd, Lake City, SC 29560-2461
      View Details
    • Value Estimation by Request
      1,200 SF

      264 John St

      DRIVE-THRU RESTAURANT, FAST FOOD
      264 John St, Lake City, SC 29560-2434
      View Details
    • Value Estimation by Request
      2,975 SF

      275 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      275 Main St, Lake City, SC 29560-2474
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,819 SF

      Vacant Restaurant with Drive-Thru

      2,819 SF vacant restaurant with drive-thru for sale.
      147 S Ron Mcnair Blvd, Lake City, SC 29560
      View Details
    • Contact for pricing
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      Prime Commercial Site on Highway

      Development opportunity in high-traffic commercial corridor near industrial area.
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    • $160,000
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      Lake City Commercial Parking Lot

      0.47 acre commercial lot with rental income potential.
      0.47 Acres-Tbd Sumter St, Lake City, SC 29560
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    • $599,000
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      Prime Commercial Land Opportunity

      2.9-acre commercial site in Lake City, SC.
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    • $125,000
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      Lake City Acreage For Sale

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      View Details
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    Lake City, SC 29560
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    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.

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