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 Market1139
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) 679-8600
Listed By:
Scott Snedigar · License #82732
(864) 444-4814
Source:
Moodyscre
Added: Sep 20, 2023
Changed: Oct 25
Last Checked: Nov 1 at 9:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$24,008
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,160
$480.2K
Cap Rate 7%
$342,971
$343.0K
Cap Rate 9%
$266,756
$266.8K
Market Conditions
NOI Build-Up for 7,163 SF
Gross rent
$34.4K $4.80/SF
− Vacancy
−$2.4K −$0.33/SF
EGI
$32.0K $4.47/SF
− OpEx
−$8.0K −$1.12/SF
NOI
$24.0K $3.35/SF
Area
Pickens County, SC
Vacancy
6.90%
Lease Rate
$4.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,160
Cap Rate 7%
$342,971
Cap Rate 9%
$266,756
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
