Mixed-Use Property with Metal
For Sale
$750,000
103 Smith St, Greenwood, SC 29649
A brick residence with office areas accompanies a commercial building and two additional residentially zoned lots.
Property Size7,600 SF
Price / SF$98.68
Days on Market44
Property Features for 103 Smith St
General Information
Standard status
Active
Size
7,600 SF
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
Epique Realty
Listed By:
Rick Stroud
(864) 479-1189
Source:
Greathomessc
Added: Sep 16
Changed: Oct 28
Last Checked: Oct 28 at 4:35PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines a brick residence with office areas, a commercial metal building, and two additional lots designated for residential use. The metal building measures 50 by 100 feet, was built in 2008, and has 12-foot garage doors. Its configuration supports equipment storage, workshop, automotive, or warehouse use. The residence has a roof installed in 2008–2009.
Natural gas and city water are available as options in the area. Any future development of the residentially zoned lots is subject to zoning and local approvals.
Natural gas and city water are available as options in the area. Any future development of the residentially zoned lots is subject to zoning and local approvals.
Key Highlights
- 50' x 100' metal building constructed in 2008
- 12‑foot garage doors
- Brick residence with dedicated office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,361
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,220
$1.1M
Cap Rate 7%
$776,586
$776.6K
Cap Rate 9%
$604,011
$604.0K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$68.4K $9.00/SF
− Vacancy
−$4.4K −$0.59/SF
EGI
$64.0K $8.42/SF
− OpEx
−$9.6K −$1.26/SF
NOI
$54.4K $7.15/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,220
Cap Rate 7%
$776,586
Cap Rate 9%
$604,011
Alternative Uses
Best Use
Mixed Use
$1.07M
$940.5K – $1.25M
NOI $75,240 @ 7.0% cap · market cap 10.03%
Second Best
Warehouse
$776.6K
$679.5K – $906.0K
NOI $54,361 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,122 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A brick residence with office areas accompanies a commercial building and two additional residentially zoned lots.
Where is this mixed-use property located?
The property is located at 103 Smith St Greenwood, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 50' x 100' metal building constructed in 2008; 12‑foot garage doors; Brick residence with dedicated office areas
