Luxury Motor Condominium
50 Gladys Drive Greenville, SC 29607
50 Gladys Drive, Greenville, SC, 29607
$335,000
Pending
For Sale
$335,000
Pending
COMMERCIAL - Greenville, SC
Property Size1,000 SF
Lot Size2.00 Acres
Days on Market359
Property Features for 50 Gladys Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 62-0000-40-100
- Size
- 1,000 SF
- Lot size
- 2.00 Acres
Utilities
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Flooring type
- Concrete
- Building materials
- Brick, Metal
Listing agency
Carolina Moves, LLC
(864) 448-1234
Listed by
Josh Hakala · License #103861
(864) 404-9377
Added: Jul 29, 2025 Updated: May 21 at 8:13PM Checked: Jul 22 at 4:06AM
MLS# 1548623
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.
Investment Insights
Based on property information with market context.
These state-of-the-art, climate-controlled motor condos are situated within a private, gated community. Each suite measures 20 feet wide by 50 feet deep with a height of 19 feet, totaling 1,000 square feet. The units feature a 14-foot wide by 15-foot high automatic overhead garage door for access, premium reinforced concrete flooring, LED commercial lighting, and an overhead fan. Each suite is equipped with 200 amp service panels and GFCI outlets, along with rough-in plumbing for a bathroom and shower. Located in Greenville, SC, these motor condos offer customization options such as a private lounge, custom bar, gourmet kitchen, and home theater. The property is situated on a 2-acre lot.
Key Highlights
- Greenville's first and only luxury motor condominium in a private, gated community.
- Climate‑controlled suite (20'W x 50'D x 19'H, 1,000 sq. ft.) designed for security and customization.
- Significant price reduction of $65,000 off the original listing price.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $21.96 |
| − Vacancy | −$791 | −$0.79 |
| EGI | $21.2k | $21.17 |
| − OpEx | −$6.4k | −$6.35 |
| NOI | $14.8k | $14.82 |
1,000 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$211.7K
$185.2K – $247.0K
NOI $14,819 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$55.1K
$48.2K – $64.2K
NOI $3,854 @ 7.0% cap · market cap 1.15%
Theoretical Best
Office A
$427.3K
$373.9K – $498.5K
NOI $29,908 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
Similar Off Market Nearby
- Enterprise Rent-A-Car — 531woodruff Road, Greenville, SC 29607
- Enterprise Truck Rental — 531 Woodruff Rd, Greenville, SC 29607
- U-Haul Moving & Storage of East Greenville — 24 Roper Mountain Rd, Greenville, SC 29607
- Trailer Rental at U-Haul — 24 Roper Mountain Rd, Greenville, SC 29607
- Truck Rental at U-Haul — 24 Roper Mountain Rd, Greenville, SC 29607
FAQs
What type of property is this?
Parking lot & garage - State-of-the-art, climate-controlled motor condos in a gated community.
Where is this parking lot & garage located?
The property is located at 50 Gladys Drive Greenville, SC.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Greenville's first and only luxury motor condominium in a private, gated community.; Climate‑controlled suite (20'W x 50'D x 19'H, 1,000 sq. ft.) designed for security and customization.; Significant price reduction of $65,000 off the original listing price.
