Three-Office Brick Office
1 Elizabeth Drive, Greenville, SC 29615
For Sale
$379,900
Commercial/Industrial, Greenville, SC
Property Size1,600 SF
Lot Size0.34 Acres
Price / SF$237.44
Days on Market110
Property Features for 1 Elizabeth Drive
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Utilities
Heating system
Water source
Building Details
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Access Realty, LLC
(864) 322-8282
Listed By:
Sharon Hall · License SC #12436
(864) 908-7298
Added: Jul 24
Changed: Nov 5
Last Checked: Nov 10 at 12:06PM
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 brick office building contains approximately 1,600 SF on a 0.34-acre parcel. Its layout includes three offices, a reception area, a kitchen and breakroom, storage, and two restrooms, including one with accessible features. New interior and exterior paint, added office walls, and refreshed landscaping are among the recent improvements. A backyard storage shed is included in 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. NC zoning and the existing office layout support business and professional uses. Approximately nine parking spaces are arranged at the front and rear, with a rear access ramp and a designated accessible parking space.
The property is in the Wade Hampton Boulevard area, less than 15 minutes from downtown Greenville. NC zoning and the existing office layout support business and professional uses. Approximately nine parking spaces are arranged at the front and rear, with a rear access ramp and a designated accessible parking space.
Key Highlights
- Approximately 1,600 SF on a 0.34‑acre parcel
- Three offices, reception area, kitchen/breakroom, storage, and two restrooms
- Approximately 9 parking spaces: 5 at the front and 4 at the rear
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
Properties on Market for Office buildings in Greenville
Vacancy Rate% for Office in Greenville, SC
Frequently Asked Questions
What type of property is this?
Office building - NC-zoned space includes a reception area, breakroom, storage, 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 $379,900.
What are key features of this property?
This property features: Approximately 1,600 SF on a 0.34‑acre parcel; Three offices, reception area, kitchen/breakroom, storage, and two restrooms; Approximately 9 parking spaces: 5 at the front and 4 at the rear
