Historic Mixed-Use Property with
New
For Sale
$685,000
1011 W Poinsett Street, Greer, SC 29650
Distinctive former doctor’s office with period detailing, a detached workshop garage, and flexibility for office, residential, or event use.
Property Size2 SF
Price / SF$224.52
Days on Market5
Property Features for 1011 W Poinsett Street
General Information
Standard status
Active
Size
2 SF
Property subtype
Mixed Use
Amenities
Office Area: 126, Office Length: 9, Office Width: 14
Acres: 0.48, Area: 20908.8, Features: 1/2 Acre or Less, Sidewalk, Square Feet: 20908.8
Roof: Architectural
Sewer: Public Sewer
Tax Annual Amount: $7,176
Flooring: Ceramic Tile, Wood
Garage Included, Garage Spaces: 1
Cooling Included, Cooling: Central Air
Heating Included, Heating: Natural Gas
Area: 154, Length: 11, Width: 14
Features: None
Contract Status Change Date: 2026-09-17, Standard Status: Active
Open Parking, Parking Features: Detached, Circular Driveway, Paved, Shared Driveway, Workshop in Garage, Parking Total: 1
Elementary School: Chandler Creek, Middle Or Junior School: Greer, High School: Greer
Window Features: Storm Window(s)
Basement: Partial, Sump Pump, Unfinished
4 total bedrooms
Architectural Style: European, Construction Materials: Brick Veneer, Levels: 2+Basement, Stories: 2
City: Greer, County Or Parish: Greenville, MLS Area Major: 021, Postal Code: 29650, State Or Province: SC, Subdivision Name: None
Parcel Number: g010.0003001.01, Property Condition: 50+, Property Sub Type: Mixed Use
2 full bathrooms, 1 half bathroom, 3 total bathrooms
Water Source: Public
Fireplace Features: Wood Burning, Fireplace Included, Fireplaces Total: 2
Foundation Details: Sump Pump, Basement
Area: 252, Length: 14, Width: 18
Area: 242, Length: 22, Width: 11
Area: 210, Length: 14, Width: 15
Patio And Porch Features: Porch
Interior Features: Bookcases, High Ceilings, Ceiling Smooth, Pantry
Accessibility Features: Accessible Entrance, Accessible Approach with Ramp
Appliances: Dishwasher, Refrigerator, Range Hood, Gas Water Heater
Fee Includes: None
Building Details
Building Size
2 SF
Listing Agency:
Casey Group Real Estate, LLC
(864) 655-7161
Listed By:
Jill Cantrell-Gunter
(864) 304-2525
Source:
Blackstreaminternational
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 20 at 2:27PM
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 Casey Group Real Estate, LLC
Investment Insights
Based on property information with market context.
Located at 1011 W Poinsett Street in Greer, this 3,051-square-foot mixed-use property is currently configured as a doctor’s office. Interior features include hardwood floors, French doors, detailed molding, high ceilings, plaster walls, and character-focused bathroom fixtures. A glass-enclosed sunroom adds a separate light-filled area, while the detached garage provides workshop and storage space.
The property may support several future directions identified in the existing information, including conversion to a historic residence, event venue, boutique office, or another destination-oriented use. The roof was replaced in 2024, providing a recent capital improvement. Its architectural character and existing office configuration create a distinctive foundation for renovation or adaptive reuse.
The property may support several future directions identified in the existing information, including conversion to a historic residence, event venue, boutique office, or another destination-oriented use. The roof was replaced in 2024, providing a recent capital improvement. Its architectural character and existing office configuration create a distinctive foundation for renovation or adaptive reuse.
Key Highlights
- 3,051‑square‑foot mixed‑use property at 1011 W Poinsett Street, Greer, SC 29650
- Currently configured as a doctor’s office
- Hardwood floors, French doors, plaster walls, high ceilings, and detailed molding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,922
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,440
$938.4K
Cap Rate 7%
$670,314
$670.3K
Cap Rate 9%
$521,356
$521.4K
Market Conditions
NOI Build-Up for 3,051 SF
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.
Gross rent
$70.3K $23.04/SF
− Vacancy
−$7.7K −$2.53/SF
EGI
$62.6K $20.51/SF
− OpEx
−$15.6K −$5.13/SF
NOI
$46.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,440
Cap Rate 7%
$670,314
Cap Rate 9%
$521,356
Alternative Uses
Best Use
Office B
$670.3K
$586.5K – $782.0K
NOI $46,922 @ 7.0% cap · market cap 6.85%
Second Best
Mixed Use
$451.1K
$394.7K – $526.3K
NOI $31,578 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,250 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
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Business Placement
Demographics for 29650, SC
38,721
Population
17,048
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,151
Density / Sq Mi
$91,640
Median Household Income
$49,567
Median Earnings
$1,344
Median Rent
$332,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Distinctive former doctor’s office with period detailing, a detached workshop garage, and flexibility for office, residential, or event use.
Where is this mixed-use property located?
The property is located at 1011 W Poinsett Street Greer, SC.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 3,051‑square‑foot mixed‑use property at 1011 W Poinsett Street, Greer, SC 29650; Currently configured as a doctor’s office; Hardwood floors, French doors, plaster walls, high ceilings, and detailed molding
