Office Unit with On-Site
New
For Sale
$475,000
1106 Pendleton St, Greenville, SC 29601
MX-2 zoning and on-site parking support a range of office configurations.
Property Size1,229 SF
Price / SF$386.49
Days on Market5
Property Features for 1106 Pendleton St
General Information
Standard status
Active
Size
1,229 SF
Property subtype
Office
Zoning
MX-2
Building Details
Building Size
1,229 SF
Listing Agency:
Lee & Associates | Greenville/Spartanburg
Listed By:
Kevin Bentley, SIOR · License #SC #37618
(864) 444-1196
Source:
Lee-associates
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:22PM
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 Lee & Associates | Greenville/Spartanburg
Investment Insights
Based on property information with market context.
The property comprises an approximately 1,229-square-foot office unit at 1106 Pendleton St in Greenville, South Carolina. MX-2 zoning and on-site parking are additional property features.
West Greenville Shops are approximately 0.5 miles away.
West Greenville Shops are approximately 0.5 miles away.
Key Highlights
- Approximately 1,229 square feet of office space
- MX‑2 zoning
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,901
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,020
$378.0K
Cap Rate 7%
$270,014
$270.0K
Cap Rate 9%
$210,011
$210.0K
Market Conditions
NOI Build-Up for 1,229 SF
Gross rent
$28.3K $23.04/SF
− Vacancy
−$3.1K −$2.53/SF
EGI
$25.2K $20.51/SF
− OpEx
−$6.3K −$5.13/SF
NOI
$18.9K $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%
$378,020
Cap Rate 7%
$270,014
Cap Rate 9%
$210,011
Alternative Uses
Best Use
Office B
$270.0K
$236.3K – $315.0K
NOI $18,901 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.1K
$459.5K – $612.6K
NOI $36,757 @ 7.0% cap · market cap 7.74%
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
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 29601, SC
13,261
Population
8,067
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
3,157
Density / Sq Mi
$73,321
Median Household Income
$55,727
Median Earnings
$1,406
Median Rent
$583,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - MX-2 zoning and on-site parking support a range of office configurations.
Where is this office units located?
The property is located at 1106 Pendleton St Greenville, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 1,229 square feet of office space; MX‑2 zoning; On‑site parking
