Building Details

Year Built 1917

Listing Agency: Griffith Real Estate Advisors Show Phone

Listed By: Katina Shirley · License #94785 Show Phone

Source: Cherokeefoothillsrealty

Added: Oct 19 Changed: Oct 26 Last Checked: Oct 26 at 3:37AM

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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 Griffith Real Estate Advisors

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Investment Insights

Based on property information with market context.

This office property in Pelzer centers on a circa-1917 building with approximately 2,200 square feet, tall ceilings, generous rooms, period detailing, several fireplaces and a wraparound porch. The 2.24-acre site also includes a renovated guest house with a full kitchen, bathroom and laundry, plus multiple garages, barns and storage areas. Mature pecan trees, sidewalks and open grounds are part of the property, with space available for parking or other site work.

The property fronts the SC Highway 8/Main Street corridor, which carries approximately 9,300 vehicles per day. It is 4 miles from I-85, 30 minutes from Clemson and 17 miles from downtown Greenville.

Key Highlights

• Circa‑1917 main building with approximately 2,200 square feet
• 2.24‑acre property fronting SC Highway 8/Main Street
• SC 8 corridor traffic averages approximately 9,300 vehicles per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,834

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$676,680 $676.7K

Cap Rate 7%

$483,343 $483.3K

Cap Rate 9%

$375,933 $375.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$50.7K $23.04/SF

− Vacancy

−$5.6K −$2.53/SF

EGI

$45.1K $20.51/SF

− OpEx

−$11.3K −$5.13/SF

NOI

$33.8K $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%

$676,680

Cap Rate 7%

$483,343

Cap Rate 9%

$375,933

Alternative Uses

Best Use

Office B

$483.3K

$422.9K – $563.9K (±1% cap)

NOI $33,834 @ 7.0% cap · market cap 6.16%

Second Best

Retail

$465.7K

$407.5K – $543.4K (±1% cap)

NOI $32,601 @ 7.0% cap · market cap 5.94%

Theoretical Best

Office A

$940.0K

$822.5K – $1.10M (±1% cap)

NOI $65,798 @ 7.0% cap · market cap 11.99%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Grove at Dalrymple Place Hotel & Motel

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Restaurant Garden Center Plumbing Service

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

9,300 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29680, SC

34,784

Population

13,858

Households

2.5

Avg Household Size

38

Median Age

38%

College-Educated

95%

High-School Grad

29.1 sq mi

ZIP Area

1,195

Density / Sq Mi

$85,143

Median Household Income

$47,669

Median Earnings

$1,473

Median Rent

$279,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office space - A renovated guest house and several outbuildings provide additional space alongside the main commercial building.

Where is this office space located?

The property is located at 108 Main Street Pelzer, SC.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Circa‑1917 main building with approximately 2,200 square feet; 2.24‑acre property fronting SC Highway 8/Main Street; SC 8 corridor traffic averages approximately 9,300 vehicles per day