One-Level Office Building with
1 Elizabeth Drive Greenville, SC 29615
New
For Sale
$384,900
COMMERCIAL - Greenville, SC
Property Size1,600 SF
Lot Size0.34 Acres
Price / SF$240.56
Days on Market5
Property Features for 1 Elizabeth Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Standard status
Active
APN
P015.09-01-035.00
Lot size
0.34 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Flooring type
Wood, Linoleum
Building materials
Brick
Roof type
Composition
Listing Agency:
Access Realty, LLC
(864) 322-8282
Listed By:
Sharon Hall · License #12436
(864) 908-7298
Added: Jul 24
Last Checked: Jul 28 at 2:06AM
MLS# 1598727
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.
This like-new one-level office building has been refreshed with new interior and exterior paint and updated landscaping. The interior includes three spacious offices, a large reception area upon entry, a kitchen/breakroom area, and two restrooms, including one handicap-accessible restroom. Just off the kitchen area is additional space suitable for storage. A storage shed in the back yard will convey in AS-IS condition, and the fireplace and appliances also convey AS-IS with no warranty by the seller.
The building sits at 1 Elizabeth Drive in Greenville, South Carolina, in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville. Zoned NC, it is located in a high-traffic area and is suitable for a variety of business and professional uses. There are approximately nine parking spaces total, with five in front and four at the rear, including one handicap parking space and a rear ramp for access.
The building sits at 1 Elizabeth Drive in Greenville, South Carolina, in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville. Zoned NC, it is located in a high-traffic area and is suitable for a variety of business and professional uses. There are approximately nine parking spaces total, with five in front and four at the rear, including one handicap parking space and a rear ramp for access.
Key Highlights
- One‑level office building with approximately 1,600 SF and a large reception area
- Layout includes 3 spacious offices plus a kitchen/breakroom area and 2 restrooms (one handicap accessible)
- Zoned NC and located in a high‑traffic area along Wade Hampton Boulevard, less than 15 minutes from downtown Greenville
Financial Insights For Office B
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 | $36.9k | $23.04 |
| − Vacancy | −$4.1k | −$2.53 |
| EGI | $32.8k | $20.51 |
| − OpEx | −$8.2k | −$5.13 |
| NOI | $24.6k | $15.38 |
1,600 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.5K
$307.6K – $410.1K
NOI $24,607 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready one-level office building with three offices, reception area, kitchen, and two restrooms.
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 $384,900.
What are key features of this property?
This property features: One‑level office building with approximately 1,600 SF and a large reception area; Layout includes 3 spacious offices plus a kitchen/breakroom area and 2 restrooms (one handicap accessible); Zoned NC and located in a high‑traffic area along Wade Hampton Boulevard, less than 15 minutes from downtown Greenville
