Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Greenville Warehouse Near Downtown Title is generated by Realmo AI

    1505 Buncombe Road, Greenville, SC 29609

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Warehouse property located near downtown Greenville and Swamp Rabbit Trail.

    Type:Industrial
    Property size:
    38,400 SF
    Price / SF:
    $65/SF
    Added:
    Nov 26, 2025
    Days on Market:
    172
    Last Refresh:
    Apr 6 at 1:13 am

    Property Features for 1505 Buncombe Road

    General Information

    Standard status
    Active
    Size
    38,400 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Grayson Burgess, CCIM, SIOR

    Listing agent Grayson Burgess, CCIM, SIOR

    Listing office

    Listing date Nov 26, 2025

    Source Trinity-partners

    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 Grayson Burgess, CCIM, SIOR

    HighLights

    • Prime location: Just 5 minutes north of downtown Greenville.
    • Proximity to Hampton Station.
    • Near the Swamp Rabbit Trail.
    • Established property: Built in 1955.
    • Listed for Sale at $2,500,000.
    • Located on Buncombe Road.

    Overview

    This warehouse property is located on Buncombe Road, a location 5 minutes north of downtown Greenville, South Carolina. The property is situated near Hampton Station and the Swamp Rabbit Trail. The property contains 38,400 square feet.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $2.00M
    NOI $179,688 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.57M
    NOI $179,688 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.59M
    NOI $179,688 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $230.8k $6.01
    − Vacancy −$19.4k −$0.50
    EGI $211.4k $5.51
    − OpEx −$31.7k −$0.83
    NOI $179.7k $4.68
    38,400 SF · lease $6.01/SF/yr · vacancy 8.40% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $2.57M
    $2.25M – $2.99M (±1% cap)
    NOI $179,688 @ 7.0% cap · market cap 7.19%
    Second Best
    Industrial
    $2.11M
    $1.85M – $2.47M (±1% cap)
    NOI $147,979 @ 7.0% cap · market cap 5.92%
    Theoretical Best
    Office A
    $16.41M
    $14.36M – $19.14M (±1% cap)
    NOI $1,148,478 @ 7.0% cap · market cap 45.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Leagacy Painting Painting Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Prime Storage — 1900 Old Buncombe Rd, Greenville, SC 29609
    • Quick Quote Movers — 538 Rutherford Rd suite b, Greenville, SC 29609

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4115
    Latitude
    34.8666

    Nearby Similar for Sale

    • $999,000
      8,550 SF

      Greenville Flex Industrial/Commercial Property

      8,550 SF flex building on 0.69 acres near Donaldson Center.
      7 Akron Drive, Greenville, SC 29605
      View Details
    • $369,900

      Greenville Commercial Building For Sale

      Commercial building with parking in high-traffic Greenville location.
      1 Elizabeth Drive, Greenville, SC 29615
      View Details
    • $390,000

      Commercial Property in Greenville, SC

      Commercial property for sale in Greenville, South Carolina.
      1601 Rutherford Road, Greenville, SC 29609
      View Details
    • $599,000

      Renovated Office Building For Sale

      Fully renovated office building with parking and road visibility.
      1320 Haywood Road, Greenville, SC 29615
      View Details
    • $550

      Main Street Professional Office Space

      Newly renovated office spaces overlooking Main Street, Greenville.
      200 N Main Street, Greenville, SC 29601
      View Details
    • $1,400,000

      Prime Greenville Commercial Corner Lot

      High-visibility corner lot in vibrant Poinsett District near downtown.
      Poinsett Highway, Greenville, SC 29609
      View Details
    • $895,000

      Greenville Office For Sale

      Office property available for purchase in Greenville, South Carolina.
      204 Mills Avenue, Greenville, SC 29605
      View Details
    • $1,400

      Greenville Office Space For Lease

      Centrally located office/studio space near downtown Greenville.
      1322 E Washington Street, Greenville, SC 29607
      View Details
    • $639,000

      Eastover Duplex Investment Opportunity

      Two duplexes near Swamp Rabbit Trail, Greenville. Renovations in progress.
      213 Elder Street, Greenville, SC 29607
      View Details
    • $550,000

      Mixed-Use Commercial Property on Highway

      Mixed-use commercial property on 1.07 acres with highway frontage.
      2821 poinsett Highway, Greenville, SC 29609
      View Details
    • $525,000

      Greenville Commercial Building For Sale

      Commercial building with fenced rear yard in Greenville, SC.
      4 S Washington Avenue, Greenville, SC 29611
      View Details
    • $369,000
      1,000 SF

      Luxury Automotive Motor Condo

      Private, gated community for automotive enthusiasts in Greenville, SC.
      24 Gladys Drive, Greenville, SC 29607
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse property located near downtown Greenville and Swamp Rabbit Trail.
    Where is this warehouse located?
    The property is located at 1505 Buncombe Road Greenville, SC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime location: Just 5 minutes north of downtown Greenville.; Proximity to Hampton Station.; Near the Swamp Rabbit Trail.
    (864) 770-3288
    We can help!
    Listing Contact
    Grayson Burgess, CCIM, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1505 Buncombe Road, Greenville, SC 29609
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!