Flex Space with Roll-Up Bay
For Sale
$395,000
1201 E Cambridge Av, Greenwood, SC 29649
Commercial Sale, Greenwood, SC
Property Size10,000 SF
Lot Size0.80 Acres
Price / SF$39.50
Days on Market340
Property Features for 1201 E Cambridge Av
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-4
Subdivision
NOT IN SUBDIVIS
Standard status
Active
Size
10,000 SF
Lot size
0.80 Acres
Building Details
Year built
1958
Listing Agency:
Greenwood Realty Inc.
(864) 388-0202
Listed By:
Renee Simchon
(864) 388-0202
Added: Sep 17, 2025
Changed: Aug 19
Last Checked: Aug 22 at 9:06AM
MLS# 134454
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space combines office, showroom, and warehouse areas in one facility. It includes over 4,000 square feet of finished office and showroom space and more than 6,200 square feet of warehouse space. Warehouse access is supported by five roll-up bay doors located within a fenced access point. The building is constructed with a concrete frame and stucco and metal exterior materials, and the finished office areas feature tile, carpet, or vinyl flooring with freshly painted interiors. Built in 1958, the property sits on a 0.8-acre corner lot.
The site is located at 1201 E Cambridge Av in Greenwood, SC 29649. The property presentation also references excellent visibility along Greenwood’s busiest corridor.
Zoning is R-4. The layout is suitable for an owner-user seeking combined office/showroom and warehouse functionality, or for an investor evaluating a mixed-use commercial building.
The site is located at 1201 E Cambridge Av in Greenwood, SC 29649. The property presentation also references excellent visibility along Greenwood’s busiest corridor.
Zoning is R-4. The layout is suitable for an owner-user seeking combined office/showroom and warehouse functionality, or for an investor evaluating a mixed-use commercial building.
Key Highlights
- 0.8‑acre corner lot at 1201 E Cambridge Av, Greenwood, SC 29649
- Over 4,000 SF finished office and showroom space
- More than 6,200 SF warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,440
$634.4K
Cap Rate 7%
$453,171
$453.2K
Cap Rate 9%
$352,467
$352.5K
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$52.8K $5.28/SF
− Vacancy
−$4.0K −$0.40/SF
EGI
$48.8K $4.88/SF
− OpEx
−$17.1K −$1.71/SF
NOI
$31.7K $3.17/SF
Area
Greenwood County, SC
Vacancy
7.57%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,440
Cap Rate 7%
$453,171
Cap Rate 9%
$352,467
Alternative Uses
Best Use
Warehouse
$1.02M
$894.1K – $1.19M
NOI $71,528 @ 7.0% cap · market cap 18.11%
Second Best
Industrial
$841.5K
$736.3K – $981.8K
NOI $58,905 @ 7.0% cap · market cap 14.91%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,897 @ 7.0% cap · market cap 55.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - R-4 zoned flex space with office/showroom buildout and warehouse access via five roll-up bay doors.
Where is this flex space located?
The property is located at 1201 E Cambridge Av Greenwood, SC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 0.8‑acre corner lot at 1201 E Cambridge Av, Greenwood, SC 29649; Over 4,000 SF finished office and showroom space; More than 6,200 SF warehouse space
