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    1322 E Washington St Greenville, SC 29607

    Sponsored
    For Sale
    Contact for pricing

    Office - Greenville, SC

    Type:Office
    Lot size:
    0.10 Acres
    Days on Market:
    48
    Last Refresh:
    Jan 28 at 10:06 pm

    Property Features for 1322 E Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    0048.00-07-011.03
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Electric, Gas (Cooling)

    Building Details

    Flooring type
    Concrete
    Building materials
    Stucco, Synthetic Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Lil Glenn

    Lil Glenn Company, LLC (864) 242-0088

    Listing agent Lil Glenn (864) 242-0088

    Listing date Dec 12, 2025

    MLS# 1575377 Listing URL

    Copyright © 2026 Greater Greenville 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.

    Learn more

    Property Insight Report

    Overview

    Greenville Office Space Available

    Located in Greenville, South Carolina, this office space is centrally located blocks from downtown, Interstate 385, and two miles from Interstate 85. The available space is on the second floor of Park Square Center, offering 2000 square feet, including 1080 square feet of conditioned space with one bathroom, and a 1000-square-foot front covered balcony and open terrace space with landscaped surroundings near Cleveland Park. The center is occupied by tenants such as Rocky Creek Dental, llyn Strong Gallery, Peak Performance, PT Solutions, and Browning Salon. The C2 space features 14-foot ceilings, an industrial style, and fresh paint on the second floor. A three-year lease is offered, with an asking price of $2200 for the first year and a 3% annual increase. The tenant is responsible for all utilities and commercial tenant's insurance. Parking is shared by all tenants and surrounds the building. Developed in 2001 during the transition of Washington Street, the shopping center now benefits from the new RNX-C zoning. The area is thriving with new development on Laurens Road. This unique property is ready to occupy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cody James Honeycutt Physical Therapist Emily Harrison Physical Therapist Techsposal Waste Management Service Peak Recovery and Performance Chiropractor Dependable Dumpster Rentals ... Shipping Company

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3815727
    Latitude
    34.8499086

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    FAQs

    What type of property is this?
    Office space - Office space in thriving Greenville location near downtown.
    Where is this office space located?
    The property is located at 1322 E Washington St Greenville, SC.
    What is the asking price?
    The asking price for this property is $2,200.
    What are key features of this property?
    This property features: - Prime location blocks from downtown Greenville, SC, and easily accessible to I-385 and I-85.; - 2000 sqft office space with **1080 sqft of conditioned space** plus a 1000 sqft covered balcony and open terrace.; - Located in Park Square Center with established tenants such as Rocky Creek Dental and llyn Strong Gallery.
    (864) 414-0331
    Request Owner's contact information
    1322 E Washington St Greenville, SC 29607
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    Greenville, SC 29607
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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
    1322 E Washington St Greenville, SC 29607
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    We can help!
    Listing Contact
    Lil Glenn
    (864) 414-0331
    Learn more
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