Easley Office Building For
For Sale
Contact for pricing
401 E 1st Ave, Easley, SC
Office building on a 0.29-acre lot, suitable for owner-occupant.
Property Size7,163 SF
Lot Size0.26 Acres
Price / SF$76.64
Days on Market1049
Property Features for 401 E 1st Ave
General Information
Standard status
Active
Size
7,163 SF
Lot size
0.26 Acres
Property subtype
OFFICE
Listing Agency:
Wilson Kibler | Greenville
(864) 444-4814
Listed By:
Scott Snedigar · License #82732
Source:
Moodyscre
Added: Sep 20, 2023
Changed: Jul 6
Last Checked: Jul 21 at 3:09AM
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 Wilson Kibler | Greenville
Investment Insights
Based on property information with market context.
This 7,163 square foot office building presents an excellent opportunity for an owner-occupant or can be leased out as six individual suites. Situated on a 0.29-acre lot, the building may potentially be converted into multifamily units. The property features six new electrical meters, a new roof, and a new HVAC system.
Key Highlights
- New roof and HVAC system
- Six new electrical meters
- Excellent opportunity for owner‑occupant or leased as six individual suites
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 | $34.4k | $4.80 |
| − Vacancy | −$2.4k | −$0.33 |
| EGI | $32.0k | $4.47 |
| − OpEx | −$8.0k | −$1.12 |
| NOI | $24.0k | $3.35 |
7,163 SF · lease $4.80/SF/yr · vacancy 6.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.06M
$926.7K – $1.24M
NOI $74,137 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building on a 0.29-acre lot, suitable for owner-occupant.
Where is this office building located?
The property is located at 401 E 1st Ave Easley, SC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: New roof and HVAC system; Six new electrical meters; Excellent opportunity for owner‑occupant or leased as six individual suites
