Building Details

Year built 2004

Listing Agency: RE/MAX ACTION REALTY · RE/MAX International c***@greenwoodremax.com Show Phone

Listed By: Bubba Harvin · License #13033 Show Phone

Added: Sep 14 Changed: Oct 16 Last Checked: Oct 30 at 8:06AM

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MLS# 140560

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.

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Investment Insights

Based on property information with market context.

Built in 2004, this 2,400-square-foot flex property includes a metal shop building with two 14-foot roll-up doors, a covered work or storage area, restroom facilities, and heated and cooled office space. The layout brings together enclosed work space, administrative area, and sheltered outdoor functionality within one commercial improvement.

The property encompasses 4.5 acres at 1224 W Deadfall Rd in Greenwood, South Carolina, providing room for outdoor storage and equipment parking. I-1 zoning supports its light industrial positioning, while the combination of building features and land area accommodates businesses requiring shop, office, and storage components.

Key Highlights

• 4.5‑acre property at 1224 W Deadfall Rd, Greenwood, SC 29646
• 2,400‑square‑foot metal building constructed in 2004
• Two 14‑foot roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,167

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,340 $343.3K

Cap Rate 7%

$245,243 $245.2K

Cap Rate 9%

$190,744 $190.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$21.6K $9.00/SF

− Vacancy

−$1.4K −$0.59/SF

EGI

$20.2K $8.42/SF

− OpEx

−$3.0K −$1.26/SF

NOI

$17.2K $7.15/SF

Area

Greenwood County, SC

Vacancy

6.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,340

Cap Rate 7%

$245,243

Cap Rate 9%

$190,744

Alternative Uses

Best Use

Warehouse

$245.2K

$214.6K – $286.1K (±1% cap)

NOI $17,167 @ 7.0% cap · market cap 5.82%

Second Best

Industrial

$202.0K

$176.7K – $235.6K (±1% cap)

NOI $14,137 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$753.9K

$659.7K – $879.6K (±1% cap)

NOI $52,775 @ 7.0% cap · market cap 17.89%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Restaurant Auto Repair Shop Electrical Service 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.

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29646, SC

26,783

Population

12,316

Households

2.2

Avg Household Size

40

Median Age

20%

College-Educated

84%

High-School Grad

101.4 sq mi

ZIP Area

264

Density / Sq Mi

$41,669

Median Household Income

$37,556

Median Earnings

$818

Median Rent

$130,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - I-1-zoned flex space combines shop, office, covered storage, and restroom facilities for varied commercial operations.

Where is this flex space located?

The property is located at 1224 W Deadfall Rd Greenwood, SC.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: 4.5‑acre property at 1224 W Deadfall Rd, Greenwood, SC 29646; 2,400‑square‑foot metal building constructed in 2004; Two 14‑foot roll‑up doors