Single-Level Office
For Sale
$379,900
1 Elizabeth Drive, Greenville, SC 29615
Commercial/Industrial, Greenville, SC
Property Size1,600 SF
Lot Size0.34 Acres
Price / SF$237.44
Days on Market95
Property Features for 1 Elizabeth Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Subdivision
020
Standard status
Active
APN
P015.09-01-035.00
Lot size
0.34 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Flooring type
Linoleum, Wood
Building materials
Brick
Roof type
Composition
Buildings
1
Listing Agency:
Access Realty, LLC
(864) 322-8282
Listed By:
Sharon Hall
(864) 908-7298
Added: Jul 24
Changed: Oct 23
Last Checked: Oct 26 at 8:06PM
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.
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Investment Insights
Based on property information with market context.
This approximately 1,600-square-foot office property occupies 0.34 acres and offers a practical single-level layout. Interior improvements include new walls creating three offices, a reception area, kitchen and breakroom space, storage, and two restrooms, including one with handicap accessibility. New interior and exterior paint and refreshed landscaping are also in place. The building features brick construction, wood and linoleum flooring, natural gas heating, public water, and a composition roof.
The property is located on Elizabeth Drive in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville. Approximately nine parking spaces serve the building, with five at the front and four at the rear. One handicap parking space and a rear access ramp are provided. NC zoning supports a range of business and professional uses.
The property is located on Elizabeth Drive in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville. Approximately nine parking spaces serve the building, with five at the front and four at the rear. One handicap parking space and a rear access ramp are provided. NC zoning supports a range of business and professional uses.
Key Highlights
- Approximately 1,600 SF office building on 0.34 acres
- Three offices plus reception, kitchen/breakroom, storage, and 2 restrooms
- Approximately 9 parking spaces, including 1 handicap space
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-zoned property with three offices, reception space, and on-site parking.
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 office building on 0.34 acres; Three offices plus reception, kitchen/breakroom, storage, and 2 restrooms; Approximately 9 parking spaces, including 1 handicap space
