Listed By: Serge R Show Phone

Added: May 13

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,750

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,000 $695.0K

Cap Rate 7%

$496,429 $496.4K

Cap Rate 9%

$386,111 $386.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,345 SF

Gross rent

$51.5K $21.96/SF

− Vacancy

−$1.9K −$0.79/SF

EGI

$49.6K $21.17/SF

− OpEx

−$14.9K −$6.35/SF

NOI

$34.7K $14.82/SF

Area

Greenville County, SC

Vacancy

3.60%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,000

Cap Rate 7%

$496,429

Cap Rate 9%

$386,111

Alternative Uses

Best Use

Office B

$515.2K

$450.8K – $601.1K (±1% cap)

NOI $36,064 @ 7.0% cap · market cap 879.61%

Second Best

Retail

$496.4K

$434.4K – $579.2K (±1% cap)

NOI $34,750 @ 7.0% cap · market cap 847.56%

Theoretical Best

Office A

$1.00M

$876.7K – $1.17M (±1% cap)

NOI $70,135 @ 7.0% cap · market cap 1,710.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 29690, SC

22,912

Population

10,318

Households

2.2

Avg Household Size

42

Median Age

31%

College-Educated

87%

High-School Grad

105.2 sq mi

ZIP Area

218

Density / Sq Mi

$66,544

Median Household Income

$37,052

Median Earnings

$964

Median Rent

$267,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Brand new commercial unit available for lease in Travelers Rest.

Where is this retail space located?

The property is located at 1 Brookside Unit 3 Dr Travelers Rest, SC.