Downtown Greer Two-Story Brick
118 Victoria St Greer, SC 29651
118 Victoria St, Greer, SC, 29651
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For Sale
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Two-story brick building in downtown Greer with retail and office.
Property Size7,700 SF
Price / SF$318.18
Days on Market584
Property Features for 118 Victoria St
General Information
- Standard status
- Active
- Size
- 7,700 SF
- Property subtype
- Retail, Office
Listing Agency
Langston Black Real Estate
(864) 848-9070
Listed by
Chuck Langston · License #SC 17054
Source
Crexi
Added: Dec 10, 2024 Checked: Jul 15 at 8:11 pm
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 Langston Black Real Estate
Investment Insights
Based on property information with market context.
This 7,700+- square foot two-story brick building is located in downtown Greer. The first floor is occupied by a salon. The second floor is divided into four office suites. The property is zoned City of Greer GS (Greer Station Downtown). A parking lot is located behind the building, but it is not included in the sale. The property represents a portion of tax map G020.00-06-002.00.
Key Highlights
- 7,700+- sf two‑story brick building in downtown Greer
- Zoned City of Greer GS (Greer Station Downtown)
- Salon occupies the entire first floor
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.4k | $23.04 |
| − Vacancy | −$19.5k | −$2.53 |
| EGI | $157.9k | $20.51 |
| − OpEx | −$39.5k | −$5.13 |
| NOI | $118.4k | $15.38 |
7,700 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,420 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$1.63M
$1.43M – $1.90M
NOI $114,103 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,294 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eugenia Bentley Mortgage ...
Loan Service
Dove Light Photography
Photography Service
Salutem Organic Massage
Alternative Medicine Practice
Salon Bellissimo LLC
Hair Salon
Union Home Mortgage
Loan Service
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FAQs
What type of property is this?
Mixed-use property - Two-story brick building in downtown Greer with retail and office.
Where is this mixed-use property located?
The property is located at 118 Victoria St Greer, SC.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 7,700+- sf two‑story brick building in downtown Greer; Zoned City of Greer GS (Greer Station Downtown); Salon occupies the entire first floor
