Prime Office Property in
For Sale
Contact for pricing
102 W Stone Ave, Greenville, SC
Modern office space with high visibility and easy access.
Property Size2,140 SF
Lot Size0.30 Acres
Price / SF$396.73
Days on Market540
Property Features for 102 W Stone Ave
General Information
Standard status
Active
Size
2,140 SF
Lot size
0.30 Acres
Property subtype
OFFICE
Listing Agency:
Avison Young | Greenville
(864) 334-4145
Listed By:
Chris Prince · License #102526
(864) 430-4957
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Jul 6
Last Checked: Sep 14 at 11:10AM
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 Avison Young | Greenville
Investment Insights
Based on property information with market context.
This office property offers a combination of modern amenities and classic design. The interiors are spacious and well-lit, suitable for a variety of professional uses. The property benefits from easy accessibility and high visibility, making it suitable for businesses seeking a prominent location. Key features include ample parking and contemporary office layouts. The property is located across the street from the Westone retail center and is near downtown Greenville's Main Street. The property size is 2140 square feet.
Key Highlights
- Prime location with high visibility, ideal for businesses seeking a prominent presence.
- Easy accessibility from different areas of Greenville.
- Spacious, well‑lit interiors suitable for various professional settings.
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
$32,911
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
3.88%
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%
$658,220
$658.2K
Cap Rate 7%
$470,157
$470.2K
Cap Rate 9%
$365,678
$365.7K
Market Conditions
NOI Build-Up for 2,140 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
$49.3K $23.04/SF
− Vacancy
−$5.4K −$2.53/SF
EGI
$43.9K $20.51/SF
− OpEx
−$11.0K −$5.13/SF
NOI
$32.9K $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%
$658,220
Cap Rate 7%
$470,157
Cap Rate 9%
$365,678
Alternative Uses
Best Use
Office B
$470.2K
$411.4K – $548.5K
NOI $32,911 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$914.3K
$800.1K – $1.07M
NOI $64,004 @ 7.0% cap · market cap 7.54%
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
1,011
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Greenville, SC
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Frequently Asked Questions
What type of property is this?
Office building - Modern office space with high visibility and easy access.
Where is this office building located?
The property is located at 102 W Stone Ave Greenville, SC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Prime location with high visibility, ideal for businesses seeking a prominent presence.; Easy accessibility from different areas of Greenville.; Spacious, well‑lit interiors suitable for various professional settings.
