Mixed-Use Estate with Event
New
For Sale
$1,099,000
105 Marshland Lane, Greer, SC 29650
Flexible accommodations and an on-site gathering area support hospitality, rental, and private-use possibilities subject to applicable approvals.
Property Size2,002 SF
Lot Size1.60 Acres
Price / SF$157
Days on Market4
Property Features for 105 Marshland Lane
General Information
Standard status
Active
Size
2,002 SF
Lot size
1.60 Acres
Property subtype
Mixed Use
Amenities
on-site event space
Office Area: 340, Office Length: 20, Office Width: 17
Acres: 1.6, Area: 1.6, Features: 1 - 2 Acres, Sloped, Square Feet: 69696
Spa Features: Bath, Spa on Property
Roof: Other
Sewer: Public Sewer
Tax Annual Amount: $105
Flooring: Ceramic Tile, Wood, Laminate
Garage Spaces: 0
Cooling Included, Cooling: Central Air, Electric
Heating Included, Heating: Forced Air, Natural Gas
Area: 340, Length: 20, Width: 17
Features: Sink, 1st Floor, Walk-in, Laundry Room
Contract Status Change Date: 2026-09-16, Standard Status: Active
Open Parking, Parking Features: None, Asphalt, Parking Total: 0
Elementary School: Woodland, Middle Or Junior School: Riverside, High School: Riverside
Basement: None
9 total bedrooms
Architectural Style: Cape Cod, Built in 2002, Construction Materials: Wood Siding, Levels: Two, Stories: 2
City: Greer, County Or Parish: Greenville, MLS Area Major: 020, Postal Code: 29650, State Or Province: SC, Subdivision Name: Other
Parcel Number: 0529.0301008.04, Property Condition: 21-30, Property Sub Type: Mixed Use
9 full bathrooms, 1 half bathroom, 10 total bathrooms
Water Source: Public
Fireplace Features: Gas Log, Masonry, Fireplace Included, Fireplaces Total: 3
Foundation Details: Crawl Space/Slab
Area: 280, Length: 20, Width: 14
Area: 484, Length: 22, Width: 22
Patio And Porch Features: Deck, Patio
Interior Features: 2 Story Foyer, 2nd Stair Case, Bookcases, Ceiling Fan(s), Walk-In Closet(s)
Security Features: Smoke Detector(s)
Accessibility Features: Attic Stairs Disappearing
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Self Cleaning Oven, Oven, Refrigerator, Washer, Gas Water Heater
Fee Includes: None
Building Details
Building Size
2,002 SF
Year Built
2002
Listing Agency:
Century 21 Blackwell & Co
(864) 578-2120
Listed By:
Preston Inglee
(864) 752-5255
Source:
Blackstreaminternational
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 2:52PM
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 Century 21 Blackwell & Co
Investment Insights
Based on property information with market context.
This approximately 7,000-square-foot mixed-use property occupies a private 1.6-acre parcel in Greer, South Carolina. Built in 2002, the estate includes 9 bedrooms, with 3 offering private en-suite bathrooms and the balance arranged around shared or Jack-and-Jill bath configurations. The layout currently supports month-to-month and VRBO rental activity and offers substantial interior space for flexible occupancy and guest accommodations.
An expansive event area is included on site for weddings, corporate functions, private gatherings, and similar activities, subject to applicable requirements. The property is located near Greenville-Spartanburg International Airport, major roadways, area amenities, and Upstate attractions. Its combination of lodging accommodations, event space, and a sizable private setting creates a distinctive mixed-use configuration for continued rental or hospitality use, subject to applicable approvals and regulations.
An expansive event area is included on site for weddings, corporate functions, private gatherings, and similar activities, subject to applicable requirements. The property is located near Greenville-Spartanburg International Airport, major roadways, area amenities, and Upstate attractions. Its combination of lodging accommodations, event space, and a sizable private setting creates a distinctive mixed-use configuration for continued rental or hospitality use, subject to applicable approvals and regulations.
Key Highlights
- Approximately 7,000‑square‑foot estate on a private 1.6‑acre lot
- 9 bedrooms, including 3 with private en‑suite bathrooms
- Shared and Jack‑and‑Jill bathroom configurations provide flexible accommodation
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
$72,450
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
6.59%
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%
$1,449,000
$1.4M
Cap Rate 7%
$1,035,000
$1.0M
Cap Rate 9%
$805,000
$805.0K
Market Conditions
NOI Build-Up for 7,000 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
$126.0K $18.00/SF
− Vacancy
−$10.1K −$1.44/SF
EGI
$115.9K $16.56/SF
− OpEx
−$43.5K −$6.21/SF
NOI
$72.5K $10.35/SF
Area
Greenville County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,449,000
Cap Rate 7%
$1,035,000
Cap Rate 9%
$805,000
Alternative Uses
Best Use
Mixed Use
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$909.2K
$795.5K – $1.06M
NOI $63,641 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,358 @ 7.0% cap · market cap 19.05%
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
104
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible accommodations and an on-site gathering area support hospitality, rental, and private-use possibilities subject to applicable approvals.
Where is this mixed-use property located?
The property is located at 105 Marshland Lane Greer, SC.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Approximately 7,000‑square‑foot estate on a private 1.6‑acre lot; 9 bedrooms, including 3 with private en‑suite bathrooms; Shared and Jack‑and‑Jill bathroom configurations provide flexible accommodation
