Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    84 Villa Rd Greenville, SC 29615

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8,250,000

    Up to 25,640 SF available near I-385.

    Property size:
    25,640 SF
    Lot size:
    25,640 SF

    Property Features for 84 Villa Rd

    General Information

    Standard status
    Active
    Size
    25,640 SF

    We can help!

    Listing Contact
    Charles Gouch
    Charles Gouch
    Source: Cbre

    Listing Agency: CBRE | Greenville Listing Agent: Charles Gouch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Greenville Office Building For Rent

    Up to approximately 25,640 square feet of space is available for rent. The property features a renovated entrance lobby and well-maintained exterior landscaping. The parking ratio is 3.5 per 1,000 square feet. Existing lease income is currently in place. The building can be offered completely vacant or partially leased back with income. An adjacent one-acre lot can be made available. Located along I-385, Villa Road is positioned within minutes of Greenville’s downtown and the city’s main retail corridors along Woodruff Road and Haywood Road. Available spaces range from approximately 907 to 13,542 rentable square feet.
    Location Intelligence

    Current Use by Public Records

    Southern Tide, LLC Corporate Office Complete Dental and Vision Dental Office Kestrel Horizons Environmental Consultant Miller Design Co. Interior Design RYAN MILLER BUILDERS Construction Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.341133
    Latitude
    34.8571383

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      SC, Greenville - E Stone Avenue

      Flexible workspace in SC, Greenville - E Stone Avenue
      17 1St St, Greenville, SC 29609
      View Details
    • Contact for pricing

      NOMA Tower

      Discover many ways to work your way in NOMA Tower
      220 Main St, Greenville, SC 29601
      View Details
    • Contact for pricing

      Millport at Butler

      Discover many ways to work your way in Millport at Butler
      128 Millport Cir, Greenville, SC 29607
      View Details
    • Contact for pricing

      Sapaces Falls Tower

      Find fully flexible work and meeting space in Sapaces Falls Tower
      355 And, Greenville, SC 29601
      View Details
    • $36 SF/Yr
      18,457 SF

      Downtown Greenville Office Space Available

      Office space for rent in downtown Greenville with amenities.
      101 North Main St, Greenville, SC 29601
      View Details
    • $28 SF/Yr
      130,000 SF

      Prime Office Space Near Museums

      Up to 130,000 SF available near Greenville's cultural hub.
      301 College St, Greenville, SC 29601
      View Details
    • Contact for pricing

      Downtown Greenville Restaurant Sublease

      Turnkey restaurant space available in the heart of downtown Greenville.
      20 S Main St, Greenville, SC 29601
      View Details
    • Contact for pricing

      Retail Space in Augusta Road

      Retail strip center in Greenville's Augusta Road neighborhood.
      409 Mills Ave, Greenville, SC 29605
      View Details
    • Contact for pricing
      25,154 SF

      Office Space Overlooking Falls Park

      Office space for rent in downtown Greenville near Peace Center.
      320 Falls St, Greenville, SC 29601
      View Details
    • Contact for pricing

      Magnolia Park Retail Spaces Available

      Retail spaces for lease in high-profile Greenville shopping center.
      1025 Woodruff Rd, Greenville, SC 29607
      View Details
    • $23 SF/Yr

      Prime Midtown Retail Leasing Opportunity

      Newly renovated retail space in prime Greenville location.
      1411 Laurens Rd, Greenville, SC 29607
      View Details
    • $36 SF/Yr
      18,457 SF

      Downtown Greenville Office Space Available

      Office space for lease in downtown Greenville with amenities.
      101 North Main St, Greenville, SC 29601
      View Details

    FAQs

    What type of property is this?
    Office building - Up to 25,640 SF available near I-385.
    Where is this office building located?
    The property is located at 84 Villa Rd Greenville, SC.
    What is the lease rate?
    The lease rate is $8,250,000.
    What are key features of this property?
    This property features: - Up to ±25,640 SF Available; - Located minutes from downtown Greenville and major retail corridors (Woodruff Road & Haywood Road); - Existing lease income in place (can be vacant or partially leased)
    (864) 242-5151
    Request Owner's contact information
    84 Villa Rd Greenville, SC 29615
    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.
    84 Villa Rd
    Greenville, SC 29615
    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
    84 Villa Rd Greenville, SC 29615
    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

    We can help!
    Listing Contact
    Charles Gouch
    Charles Gouch
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!