Corner-Lot Flex
For Sale
$395,000
1201 E Cambridge Av, Greenwood, SC 29649
Commercial Sale, Greenwood, SC
Property Size10,000 SF
Lot Size0.80 Acres
Price / SF$39.50
Days on Market360
Property Features for 1201 E Cambridge Av
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-4
Subdivision
NOT IN SUBDIVIS
Standard status
Active
Size
10,000 SF
Lot size
0.80 Acres
Amenities
roll-up bay doors
fenced access point
Building Details
Year built
1958
Listing Agency:
Greenwood Realty Inc.
(864) 388-0202
Listed By:
Renee Simchon
(864) 344-2525
Added: Sep 17, 2025
Changed: Aug 19
Last Checked: Sep 11 at 3:06AM
MLS# 134454
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property combines finished office and showroom areas with warehouse space in a single commercial building. Five roll-up bay doors provide direct warehouse access from a fenced access point. The structure uses concrete-frame, stucco, and metal construction, while interior office finishes include tile, carpet, and vinyl flooring. The office areas have been freshly painted.
Situated on a 0.8-acre corner lot in Greenwood, the property was built in 1958 and carries R-4 zoning. Its configuration brings customer-facing areas and operational space together, offering a practical layout for businesses needing both finished interiors and warehouse functionality.
Situated on a 0.8-acre corner lot in Greenwood, the property was built in 1958 and carries R-4 zoning. Its configuration brings customer-facing areas and operational space together, offering a practical layout for businesses needing both finished interiors and warehouse functionality.
Key Highlights
- 0.8‑acre corner lot in Greenwood, SC
- Five roll‑up bay doors serving the warehouse area
- Fenced access point for warehouse entry
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
$31,722
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
8.03%
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%
$634,440
$634.4K
Cap Rate 7%
$453,171
$453.2K
Cap Rate 9%
$352,467
$352.5K
Market Conditions
NOI Build-Up for 10,000 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
$52.8K $5.28/SF
− Vacancy
−$4.0K −$0.40/SF
EGI
$48.8K $4.88/SF
− OpEx
−$17.1K −$1.71/SF
NOI
$31.7K $3.17/SF
Area
Greenwood County, SC
Vacancy
7.57%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
35.00%
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%
$634,440
Cap Rate 7%
$453,171
Cap Rate 9%
$352,467
Alternative Uses
Best Use
Office B
$2.44M
$2.13M – $2.84M
NOI $170,634 @ 7.0% cap · market cap 43.20%
Second Best
Warehouse
$1.02M
$894.1K – $1.19M
NOI $71,528 @ 7.0% cap · market cap 18.11%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,897 @ 7.0% cap · market cap 55.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Combines finished office and showroom areas with warehouse space for a versatile commercial layout.
Where is this flex space located?
The property is located at 1201 E Cambridge Av Greenwood, SC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 0.8‑acre corner lot in Greenwood, SC; Five roll‑up bay doors serving the warehouse area; Fenced access point for warehouse entry
