Industrial Property with Crane
New
For Sale
$3,750,000
1195 Victor Hill Rd, Greer, SC 29651
Industrial facility with a crane structure, laydown yard, ventilation equipment, and suspended gas heating.
Property Size42,000 SF
Days on Market3
Property Features for 1195 Victor Hill Rd
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Industrial
Building Details
Building Size
42,000 SF
Year Built
1995
Listing Agency:
Lee & Associates | Greenville/Spartanburg
(864) 477-0455
Listed By:
Micah Williams · License #SC #125472
(864) 477-0455
Source:
Lee-associates
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 4:09AM
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.
This industrial property in Greer, South Carolina, was constructed in 1995 and contains approximately 42,000 square feet. The facility includes a crane structure and dedicated equipment supporting air circulation and heating, including one HVLS fan, two wall fans, and four gas suspended heaters.
The property also provides laydown yard area for outdoor material or equipment storage. Located at 1195 Victor Hill Road, the asset offers an industrial configuration with both enclosed building space and exterior yard capacity.
The property also provides laydown yard area for outdoor material or equipment storage. Located at 1195 Victor Hill Road, the asset offers an industrial configuration with both enclosed building space and exterior yard capacity.
Key Highlights
- Approximately 42,000 SF industrial property
- Crane structure included
- 1 HVLS fan and 2 wall fans
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
$161,852
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
4.32%
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%
$3,237,040
$3.2M
Cap Rate 7%
$2,312,171
$2.3M
Cap Rate 9%
$1,798,356
$1.8M
Market Conditions
NOI Build-Up for 42,000 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
$252.4K $6.01/SF
− Vacancy
−$21.2K −$0.50/SF
EGI
$231.2K $5.51/SF
− OpEx
−$69.4K −$1.65/SF
NOI
$161.9K $3.85/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
30.00%
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%
$3,237,040
Cap Rate 7%
$2,312,171
Cap Rate 9%
$1,798,356
Alternative Uses
Best Use
Industrial
$2.31M
$2.02M – $2.70M
NOI $161,852 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.94M
$15.70M – $20.94M
NOI $1,256,148 @ 7.0% cap · market cap 33.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 29651, SC
50,778
Population
21,738
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
89.6 sq mi
ZIP Area
567
Density / Sq Mi
$80,748
Median Household Income
$47,077
Median Earnings
$1,021
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial facility with a crane structure, laydown yard, ventilation equipment, and suspended gas heating.
Where is this industrial property located?
The property is located at 1195 Victor Hill Rd Greer, SC.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Approximately 42,000 SF industrial property; Crane structure included; 1 HVLS fan and 2 wall fans
