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    397 Lee St Johnston, SC 29832

    • Bars
    • 3,300 SF
    For Sale
    View listing
    $299,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0973729
    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.

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
    • Blue Collar Bistro / Southern Restaurant (Us)

    Property Details for 397 Lee St

    Property size
    3,300 SF
    Property type
    Bars
    Property subtype
    Pubs

    Description

    This exceptional commercial property, located at 397 Lee in Johnston, South Carolina, presents a unique investment opportunity. The 3,300 square foot building sits on a retail lot and is ideally suited for a variety of uses, including quick-service restaurants (QSR), fast food establishments, full-service restaurants, or bars. Its prime location in Johnston, within Edgefield County, and its convenient access to major roadways, ensures high visibility and significant foot traffic potential. The asking price for this turnkey property is $299,000. The property's versatile design and ample space offer significant potential for customization to meet the specific needs of a wide range of businesses. This is an excellent chance to acquire a well-situated commercial property in a growing area of South Carolina. The property's zoning and permitted uses should be independently verified. Detailed financial information and property disclosures are available upon request. This property is offered as-is. Serious inquiries only. The property is located at 33.830199 latitude and -81.7984156 longitude, zip code 29832.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Edgefield
    State
    South Carolina
    Longitude
    -81.7984156
    Latitude
    33.830199

    Comparable in this City

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      Johnston, SC Commercial Land

      2.6-acre commercial lot, prime location.
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      Expansive Land Tract in Johnston

      299 acre tract near Aiken and Edgefield counties.
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      Johnston, SC Commercial Land Parcel

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    Similar Nearby for Sale

    • Contact for pricing

      Prime Johnston Commercial Land

      1.5 Acres, Lakeview Drive, $29,900
      0 1.5 Acre Lakeview Dr, 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
    • $56,900

      Johnston, SC Commercial Land Parcel

      Prime Commercial Lot - $56,900
      0 Lot B Daniel Ave, Johnston, SC 29832
      View Details
    • $39,900

      Johnston, SC Commercial Land

      2.6-acre commercial lot, prime location.
      0 2.6 Acre Lee St, Johnston, SC 29832
      View Details
    • $2,091,880
      298.84 Acres

      Expansive Land Tract in Johnston

      299 acre tract near Aiken and Edgefield counties.
      Mile Brg Rd, Johnston, SC 29832
      View Details
    • $95,130

      Johnston, SC Commercial Land Parcel

      Prime Commercial Land - Edgefield County
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      View Details
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    397 Lee St
    Johnston, SC 29832
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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.

    More about this property
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