Building Details

Year Built 1958

Construction concrete frame

Listing Agency: Greenwood Realty Inc.

Listed By: Renee Simchon · License #21173 Show Phone

Source: Adamtaylorteam

Added: Jul 27 Changed: Sep 14 Last Checked: Oct 7 at 3:36PM

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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 Greenwood Realty Inc.

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Investment Insights

Based on property information with market context.

This flex property at 1201 E Cambridge Ave in Greenwood, SC 29649, combines finished office and showroom areas with warehouse space. The building includes five roll-up bay doors and a fenced access area, supporting movement between the interior and loading points. Concrete-frame construction with stucco and metal exterior materials provides the structural profile, while the finished areas use tile, carpet, and vinyl flooring. Interiors have been freshly painted.

Built in 1958, the property occupies a corner lot along a commercial corridor. Its configuration brings office, display, and warehouse functions together within one building, offering a range of operational layouts for an owner-user or investor.

Key Highlights

• Five roll‑up bay doors provide warehouse access
• Finished office and showroom areas within the same building
• Corner‑lot position at 1201 E Cambridge Ave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,343

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$706,860 $706.9K

Cap Rate 7%

$504,900 $504.9K

Cap Rate 9%

$392,700 $392.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$54.0K $9.00/SF

− Vacancy

−$3.5K −$0.59/SF

EGI

$50.5K $8.42/SF

− OpEx

−$15.1K −$2.52/SF

NOI

$35.3K $5.89/SF

Area

Greenwood County, SC

Vacancy

6.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$706,860

Cap Rate 7%

$504,900

Cap Rate 9%

$392,700

Alternative Uses

Best Use

Office B

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,381 @ 7.0% cap · market cap 25.92%

Second Best

Warehouse

$613.1K

$536.5K – $715.3K (±1% cap)

NOI $42,917 @ 7.0% cap · market cap 10.87%

Theoretical Best

Office A

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,938 @ 7.0% cap · market cap 33.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Always Best Care ... Home Health Care Service South Carolina Legal ... Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Pharmacy Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Corner-lot commercial building combines finished offices, showroom space, and a fenced access area.

Where is this flex space located?

The property is located at 1201 E Cambridge Ave 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: Five roll‑up bay doors provide warehouse access; Finished office and showroom areas within the same building; Corner‑lot position at 1201 E Cambridge Ave