Live-Work Home with Detached
For Sale
Contact for pricing
11 Bainbridge Dr, Greenville, SC 29611
Charming home with heated, insulated garage and 3-phase power.
Property Size891 SF
Price / SF$311.90
Days on Market147
Property Features for 11 Bainbridge Dr
General Information
Standard status
Active
Size
891 SF
Property subtype
Mixed Use, Office, Retail
Listing Agency:
Expert Real Estate Team
(864) 895-9791
Listed By:
LeAnne Carswell · License #South Carolina 5561
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 10 at 1:27PM
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 Expert Real Estate Team
Investment Insights
Based on property information with market context.
This property offers a live-work opportunity suitable for hobbyists, mechanics, contractors, or small business owners. The 1947 home features original hardwood floors in the living and dining areas. The residence includes a 1-bedroom, 1-bathroom floor plan. Updated windows with a lifetime warranty provide energy efficiency. The eat-in kitchen offers counter space and room for dining. The property includes a fully fenced yard. A detached 30x40 heated and insulated garage/workshop is equipped with two 10-foot roll-up doors, 480 amp/3-phase power, and LED lighting. A 21x34 awning covers a concrete pad for additional covered workspace or equipment storage. This setup is suitable for working on trucks, classic cars, or operating a small business from home. Additional outdoor features include a 1-car metal carport and a 12x16 storage building with power. The property offers a combination of character, updated windows, a large workshop, 3-phase power, and live-work flexibility. The property size is 891 square feet.
Key Highlights
- 30x40 HEATED AND INSULATED DETACHED GARAGE with TWO 10‑FOOT ROLL‑UP DOORS.
- 480 AMP / 3‑PHASE POWER in the detached garage, ideal for commercial equipment.
- Live‑work opportunity with potential for hobbyists, mechanics, contractors, or small business owners.
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
$13,703
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
4.93%
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%
$274,060
$274.1K
Cap Rate 7%
$195,757
$195.8K
Cap Rate 9%
$152,256
$152.3K
Market Conditions
NOI Build-Up for 891 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
$20.5K $23.04/SF
− Vacancy
−$2.3K −$2.53/SF
EGI
$18.3K $20.51/SF
− OpEx
−$4.6K −$5.13/SF
NOI
$13.7K $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 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%
$274,060
Cap Rate 7%
$195,757
Cap Rate 9%
$152,256
Alternative Uses
Best Use
Office B
$195.8K
$171.3K – $228.4K
NOI $13,703 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$188.6K
$165.0K – $220.1K
NOI $13,203 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$380.7K
$333.1K – $444.1K
NOI $26,648 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 29611, SC
32,413
Population
14,620
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
78%
High-School Grad
23.9 sq mi
ZIP Area
1,356
Density / Sq Mi
$47,046
Median Household Income
$32,272
Median Earnings
$1,092
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Charming home with heated, insulated garage and 3-phase power.
Where is this mixed-use property located?
The property is located at 11 Bainbridge Dr Greenville, SC.
What is the asking price?
The asking price for this property is $277,900.
What are key features of this property?
This property features: 30x40 HEATED AND INSULATED DETACHED GARAGE with TWO 10‑FOOT ROLL‑UP DOORS.; 480 AMP / 3‑PHASE POWER in the detached garage, ideal for commercial equipment.; Live‑work opportunity with potential for hobbyists, mechanics, contractors, or small business owners.
