Office Building with Screened
For Sale
$435,000
103 Mimosa Drive, Greer, SC 29650
A room-rich layout, on-site parking and outdoor gathering areas support a range of professional business functions.
Property Size1,800 SF
Price / SF$241.67
Days on Market8
Property Features for 103 Mimosa Drive
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$832
Amenities
screened porch
brick patio with outdoor fireplace
mature grounds
Listing Agency:
Cherokee Foothills Realty
(864) 898-2922
Listed By:
Greg McMahan · License #62671
(864) 933-3713
Source:
Cherokeefoothillsrealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:37AM
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 Cherokee Foothills Realty
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Investment Insights
Based on property information with market context.
At 103 Mimosa Drive, this office property offers approximately 1,800 square feet arranged across multiple rooms, with hardwood and tile flooring. The interior includes an updated full bath, a kitchen with appliances, and a 26' x 17' great room featuring exposed beams and a fireplace. A screened porch connects directly to the driveway, while a brick patio and outdoor fireplace extend the available space.
The property occupies more than half an acre between Downtown Greer and Wade Hampton Boulevard. Mature grounds and on-site parking are part of the setting. The seller has been advised that a change to Commercial/Office Professional zoning may be possible; buyers should confirm zoning, permitted uses and requirements with the governing authority.
The property occupies more than half an acre between Downtown Greer and Wade Hampton Boulevard. Mature grounds and on-site parking are part of the setting. The seller has been advised that a change to Commercial/Office Professional zoning may be possible; buyers should confirm zoning, permitted uses and requirements with the governing authority.
Key Highlights
- Approximately 1,800 square feet on more than half an acre
- 26' x 17' great room with exposed beams and fireplace
- Multiple rooms, updated full bath and kitchen with full appliance package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,683
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,660
$553.7K
Cap Rate 7%
$395,471
$395.5K
Cap Rate 9%
$307,589
$307.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$41.5K $23.04/SF
− Vacancy
−$4.6K −$2.53/SF
EGI
$36.9K $20.51/SF
− OpEx
−$9.2K −$5.13/SF
NOI
$27.7K $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%
$553,660
Cap Rate 7%
$395,471
Cap Rate 9%
$307,589
Alternative Uses
Best Use
Office B
$395.5K
$346.0K – $461.4K
NOI $27,683 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.1K
$672.9K – $897.3K
NOI $53,835 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Office building - A room-rich layout, on-site parking and outdoor gathering areas support a range of professional business functions.
Where is this office building located?
The property is located at 103 Mimosa Drive Greer, SC.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Approximately 1,800 square feet on more than half an acre; 26' x 17' great room with exposed beams and fireplace; Multiple rooms, updated full bath and kitchen with full appliance package
