Single-Level Office Building with Three
For Sale
$384,900
1 Elizabeth Drive, Greenville, SC 29615
COMMERCIAL - Greenville, SC
Property Size1,600 SF
Lot Size0.34 Acres
Price / SF$240.56
Days on Market11
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
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
reception area
kitchen/breakroom
storage
handicap accessible restroom
ramp
fireplace
appliances
Building Details
Flooring type
Linoleum, Wood
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
Changed: Aug 1
Last Checked: Aug 3 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Single-level brick office building refreshed with new interior and exterior paint. The layout includes three spacious offices plus a large reception area at entry. Additional interior space includes a kitchen/breakroom area and two restrooms, one of which is handicap accessible. Just off the kitchen area is space that can be used for storage.
The property sits on a 0.34-acre lot and is zoned NC. Approximately 9 parking spaces are available, with 5 in front of the building and 4 at the rear. There is 1 handicap parking space and a ramp for access at the rear of the building. The storage shed in the back yard will convey in AS-IS condition.
Building systems and finishes include natural gas heating, a composition roof, and linoleum and wood flooring. A fireplace and appliances convey AS-IS with no warranty by the seller.
The property sits on a 0.34-acre lot and is zoned NC. Approximately 9 parking spaces are available, with 5 in front of the building and 4 at the rear. There is 1 handicap parking space and a ramp for access at the rear of the building. The storage shed in the back yard will convey in AS-IS condition.
Building systems and finishes include natural gas heating, a composition roof, and linoleum and wood flooring. A fireplace and appliances convey AS-IS with no warranty by the seller.
Key Highlights
- Three private offices plus large reception area
- Approximately 1,600 SF single‑level office layout
- Kitchen/breakroom area and two restrooms, including one handicap accessible
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
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-level office building with three private offices, reception area, and NC zoning, with parking and rear handicap access.
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: Three private offices plus large reception area; Approximately 1,600 SF single‑level office layout; Kitchen/breakroom area and two restrooms, including one handicap accessible
