Versatile Commercial Property For
For Sale
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1306 NE Main St, Simpsonville, SC 29861
Adaptable commercial space with high visibility and convenient highway access.
Property Size2,200 SF
Price / SF$329.55
Days on Market778
Property Features for 1306 NE Main St
General Information
Standard status
Active
Size
2,200 SF
Class
B
Property subtype
Office, Retail
Zoning
R12
Investment Type
Owner/User
Building Details
Year Built
1970
Year Renovated
2022
Stories
1
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices C. Dan Joyner, REALTORS Commercial
Listed By:
Andy Cox · License #SC 113803
(361) 537-9069
Source:
Crexi
Added: Sep 18, 2024
Changed: Nov 2
Last Checked: Nov 3 at 3:38AM
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 Berkshire Hathaway HomeServices C. Dan Joyner, REALTORS Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers a versatile floor plan suitable for various business or retail ventures. Its location provides high visibility and convenient access to I-385. The property's layout and location make it potentially suitable for a health and wellness center, a boutique, or other types of businesses. The property size is 2200 square feet.
Key Highlights
- High visibility location
- Proximity to I‑385
- Versatile floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,834
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,680
$676.7K
Cap Rate 7%
$483,343
$483.3K
Cap Rate 9%
$375,933
$375.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$50.7K $23.04/SF
− Vacancy
−$5.6K −$2.53/SF
EGI
$45.1K $20.51/SF
− OpEx
−$11.3K −$5.13/SF
NOI
$33.8K $15.38/SF
Area
Greenville County, SC
Vacancy
11.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,680
Cap Rate 7%
$483,343
Cap Rate 9%
$375,933
Alternative Uses
Best Use
Office B
$483.3K
$422.9K – $563.9K
NOI $33,834 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$465.7K
$407.5K – $543.4K
NOI $32,601 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,798 @ 7.0% cap · market cap 9.08%
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
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office space - Adaptable commercial space with high visibility and convenient highway access.
Where is this office space located?
The property is located at 1306 NE Main St Simpsonville, SC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High visibility location; Proximity to I‑385; Versatile floor plan
