Three-Office Professional
New
For Sale
$379,900
1 Elizabeth Drive, Greenville, SC 29615
NC zoning, customer reception space, a breakroom, and two restrooms support a range of business and professional uses.
Property Size1,600 SF
Price / SF$237.44
Days on Market1
Property Features for 1 Elizabeth Drive
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
NC
Additional Details
Condition
Move-in Ready
Taxes and HOA fees
Annual Taxes
$2,140
Amenities
Linoleum,Wood
Yes
2
No
Square Feet
Partial
Public
14810.4
89 x 199 x 60 x 196
0.34
Paved
County Road
1
Building Details
Buildings
1
Stories
1
Building Size
1,600 SF
Listing Agency:
Mosaic Community Lifestyle Realty
(864) 242-6650
Listed By:
Malinda Vera Cruz
(828) 779-4024
Source:
Cdanjoyner
Added: Oct 23
Last Checked: Oct 23 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mosaic Community Lifestyle Realty
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Investment Insights
Based on property information with market context.
This one-level office building contains approximately 1,600 square feet, with three offices arranged alongside a large reception area. A kitchen and breakroom, two restrooms—including one with accessible features—and nearby storage complete the interior. Recent work includes new interior and exterior paint, added office walls, and refreshed landscaping. A rear-yard storage shed is included in its current as-is condition; the fireplace and appliances are also offered as-is, without a seller warranty.
The property is in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville, and is zoned NC. Approximately nine paved parking spaces are divided between the front and rear of the building. One accessible parking space and a rear access ramp are provided.
The property is in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville, and is zoned NC. Approximately nine paved parking spaces are divided between the front and rear of the building. One accessible parking space and a rear access ramp are provided.
Key Highlights
- Approximately 1,600 SF with three offices and a large reception area
- NC zoning for a range of business and professional uses
- Kitchen/breakroom, two restrooms, and adjacent storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,607
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,140
$492.1K
Cap Rate 7%
$351,529
$351.5K
Cap Rate 9%
$273,411
$273.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$36.9K $23.04/SF
− Vacancy
−$4.1K −$2.53/SF
EGI
$32.8K $20.51/SF
− OpEx
−$8.2K −$5.13/SF
NOI
$24.6K $15.38/SF
Area
Greenville County, SC
Vacancy
11.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,140
Cap Rate 7%
$351,529
Cap Rate 9%
$273,411
Alternative Uses
Best Use
Office B
$351.5K
$307.6K – $410.1K
NOI $24,607 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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Business Placement
Demographics for 29615, SC
38,684
Population
19,687
Households
2
Avg Household Size
40
Median Age
52%
College-Educated
96%
High-School Grad
19.2 sq mi
ZIP Area
2,015
Density / Sq Mi
$74,200
Median Household Income
$44,960
Median Earnings
$1,203
Median Rent
$348,600
Median Home Value
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Market
Vacancy Rate% for Office in Greenville, SC
Frequently Asked Questions
What type of property is this?
Office building - NC zoning, customer reception space, a breakroom, and two restrooms support a range of business and professional uses.
Where is this office building located?
The property is located at 1 Elizabeth Drive Greenville, SC.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Approximately 1,600 SF with three offices and a large reception area; NC zoning for a range of business and professional uses; Kitchen/breakroom, two restrooms, and adjacent storage
