Building Details

Building Size 25,600 SF

Listing Agency: Reedy Commercial

Listed By: Carl Hocker Show Phone

Source: Reedycommercial

Added: Aug 17 Changed: Oct 3 Last Checked: Oct 5 at 4:24PM

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Investment Insights

Based on property information with market context.

Scheduled for completion in 2026, this ±25,600 SF flex facility is designed for adaptable industrial use. The building includes ±780 SF of spec or build-to-suit office space, 20' eave heights, 24' center clearance, eight dock-high doors, four oversized drive-in doors, an ESFR sprinkler system, a 6-inch concrete slab, and standing seam metal roofing. Approximately 30 parking spaces are planned on the ±4.29-acre site.

The property carries I-1 zoning and is adjacent to Donaldson Airport and the South Carolina Technology & Aviation Center (SCTAC), placing it within the Upstate industrial and aerospace corridor. Space options range from ±6,400 SF to the full building, supporting a range of occupancy configurations for industrial operations.

Key Highlights

• ±25,600 SF flex facility scheduled for completion in 2026
• Eight dock‑high doors and four oversized drive‑in doors
• 20' eave heights and 24' center clearance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$119,792

Cap Rate

3.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,395,840 $2.4M

Cap Rate 7%

$1,711,314 $1.7M

Cap Rate 9%

$1,331,022 $1.3M

Market Conditions

NOI Build-Up for 25,600 SF

Gross rent

$153.9K $6.01/SF

− Vacancy

−$12.9K −$0.50/SF

EGI

$140.9K $5.51/SF

− OpEx

−$21.1K −$0.83/SF

NOI

$119.8K $4.68/SF

Area

Greenville County, SC

Vacancy

8.40%

Lease Rate

$6.01 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,395,840

Cap Rate 7%

$1,711,314

Cap Rate 9%

$1,331,022

Alternative Uses

Best Use

Warehouse

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,792 @ 7.0% cap · market cap 3.03%

Second Best

Industrial

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,652 @ 7.0% cap · market cap 2.50%

Theoretical Best

Office A

$10.94M

$9.57M – $12.76M (±1% cap)

NOI $765,652 @ 7.0% cap · market cap 19.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Real Estate Agency Storage Facility Furniture & Home Goods Grocery & Convenience Store

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

20 ft

Clear height

8

Dock-high doors

4

Drive-in doors

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

175

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29605, SC

36,970

Population

17,013

Households

2.2

Avg Household Size

37

Median Age

34%

College-Educated

86%

High-School Grad

24.8 sq mi

ZIP Area

1,491

Density / Sq Mi

$63,717

Median Household Income

$39,518

Median Earnings

$1,049

Median Rent

$228,300

Median Home Value

Market

Vacancy Rate% for Industrial in Greenville, SC

5.2% 2019

7.5% 2020

3.1% 2021

2.2% 2022

8.6% 2023

11.7% 2024

9.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - New construction combines industrial capacity with office accommodation and multiple loading options.

Where is this flex space located?

The property is located at 121 Osage Dr Greenville, SC.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: ±25,600 SF flex facility scheduled for completion in 2026; Eight dock‑high doors and four oversized drive‑in doors; 20' eave heights and 24' center clearance