Building Details

Year built 2008

Listing Agency: eXp Realty LLC (Greenville) L***@exprealty.com Show Phone

Listed By: Dana Merritt Show Phone

Added: Jul 20 Changed: Sep 5 Last Checked: Oct 19 at 8:06PM

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MLS# 140256

Copyright © 2026 Greenwood 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.

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Investment Insights

Based on property information with market context.

Located at 103 Smith St in Greenwood, this mixed-use property combines a commercial building, a brick home with dedicated office areas, and two additional lots. The 7,600-square-foot property includes a 50-by-100-foot metal building constructed in 2008, offering approximately 5,000 square feet with 12-foot garage doors. The building can accommodate storage, workshop, warehouse, automotive, or other commercial functions supported by its configuration.

The brick residence adds living space and on-site office potential, while the two extra lots provide room for future development or additional residential uses subject to zoning and local approvals. The property is zoned C-2, and natural gas and city water are available as options in the area.

Key Highlights

• 50' x 100' metal building constructed in 2008
• Approximately 5,000 square feet with 12‑foot garage doors
• 7,600‑square‑foot mixed‑use property at 103 Smith St

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

Is this asking price fair?

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 (±1% cap)

NOI $75,240 @ 7.0% cap · market cap 10.03%

Second Best

Warehouse

$776.6K

$679.5K – $906.0K (±1% cap)

NOI $54,361 @ 7.0% cap · market cap 7.25%

Theoretical Best

Office A

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,122 @ 7.0% cap · market cap 22.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Law Firm Restaurant Bed & Breakfast Hotel & Motel Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Combination of commercial, residential, and office space with additional land for future development, subject to approvals.

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; Approximately 5,000 square feet with 12‑foot garage doors; 7,600‑square‑foot mixed‑use property at 103 Smith St