Industrial Property with Crane
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 Market49
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
Listed By:
Micah Williams · License #SC #125472
(864) 477-0455
Source:
Lee-associates
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 4:44PM
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 / Yr
$161,852
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Industrial in South region
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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
