Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Burdette St Greenville, SC 29611

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $850 /Mo ($2 SF/Yr)

    Creative studios and workspaces in dynamic West Greenville neighborhood.

    Property size:
    4,667 SF
    Lot size:
    4,667 SF

    Property Features for 31 Burdette St

    General Information

    Size
    4,667 SF

    We can help!

    Listing Contact
    Rakan Draz
    Rakan Draz
    Source: Trinity-partners

    Listing Agent: Rakan Draz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Greenville Studio Space Available

    This property offers 150 to 300 square foot studios spread across multiple levels, along with a 1,188 square foot main sanctuary space. The building has been adapted to support a variety of uses, ranging from private workspaces to collaborative events. Original architectural features, including arched windows, soaring ceilings, and an iconic bell tower, have been carefully preserved and reinterpreted. Transparency, reflection, and natural light flow throughout the building. Located in West Greenville, Beacon Studios is situated at one of the bookends of The Village, a dynamic and creative neighborhood known for its galleries, restaurants, makers, and bold sense of identity. The property is just minutes from downtown. The total property size is 4,667 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christian Outreach Ministry Religious Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.425823
    Latitude
    34.8455156

    Nearby Similar for Lease

    • Contact for pricing
      4,761 SF

      Retail Opportunity on White Horse Road

      Prime retail location available for lease or ground lease.
      6200 White Horse Road Ext, Greenville, SC 29611
      View Details
    • $24 SF/Yr
      1,363 SF

      Modern Office Space with Amenities

      High-tech office space with fitness center and conferencing facilities.
      750 Executive Center Dr, Greenville, SC 29615
      View Details
    • Contact for pricing
      1,260 SF

      Renovated Retail Center on Woodruff

      Newly renovated shopping center in a high-traffic retail corridor.
      1143 Woodruff Rd, Greenville, SC 29607
      View Details
    • Contact for pricing
      135,125 SF

      Topgolf-Anchored Development Opportunity

      Mixed-use development near Topgolf, Michelin, and BMW Manufacturing.
      325 Tanner Price Way, Greenville, SC
      View Details
    • Contact for pricing
      13,800 SF

      Topgolf-Anchored Mixed-Use Development

      Mixed-use development near Topgolf, zoned for restaurant, hotel, and entertainment.
      105 Entertainment Blvd, Greenville, SC
      View Details
    • Contact for pricing
      169,000 SF

      Topgolf-Anchored Mixed-Use Development

      Mixed-use development anchored by Topgolf, zoned for diverse uses.
      Garlington Rd & Wyndham Ct, Greenville, SC
      View Details
    • Contact for pricing
      30,000 SF

      Topgolf-Anchored Development Opportunity

      Mixed-use development near Topgolf, Michelin, and BMW Manufacturing.
      315 Tanner Price Way, Greenville, SC
      View Details
    • $33 SF/Yr

      Retail Suite in NorthPointe

      Retail suite for sublease in a mixed-use development.
      401 E Stone Ave, Greenville, SC 29609
      View Details
    • Contact for pricing
      18,000 SF

      Retail Development on White Horse Road

      Retail spaces for lease in Greenville near White Horse Road.
      7909 White Horse Road Ext, Greenville, SC 29617
      View Details
    • Contact for pricing
      3,195 SF

      Move-in Ready Flex Space

      Flex space for lease near Poinsett Hwy and Downtown Greenville.
      120 Orders St, Greenville, SC 29609
      View Details
    • Contact for pricing
      4,818 SF

      Class A Office Space Available

      High-end office space with on-site amenities in Greenville.
      1 Independence Pt, Greenville, SC 29615
      View Details
    • Contact for pricing

      Haywood Mall Retail Opportunity

      Former Sears available for lease in Greenville's largest mall.
      700 Haywood Rd, Greenville, SC 29607
      View Details

    FAQs

    What type of property is this?
    Retail space - Creative studios and workspaces in dynamic West Greenville neighborhood.
    Where is this retail space located?
    The property is located at 31 Burdette St Greenville, SC.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Dramatic 1,188 SF main sanctuary space suitable for collaborative events.; - Located in the dynamic and creative West Greenville arts district, minutes from downtown.; - Original architectural features, including arched windows, soaring ceilings, and an iconic bell tower.
    (864) 905-7635
    Request Owner's contact information
    31 Burdette St Greenville, SC 29611
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Burdette St
    Greenville, SC 29611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31 Burdette St Greenville, SC 29611
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rakan Draz
    Rakan Draz
    (864) 905-7635
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.