Freestanding Flex & Warehouse
For Sale
$1,600,000
14629 E Wade Hampton Boulevard, Greer, SC 29651
Freestanding two-suite building with upstairs blank space and a downstairs with bay doors, hydraulic lift, and storage.
Property Size13,600 SF
Days on Market181
Property Features for 14629 E Wade Hampton Boulevard
General Information
Standard status
Active
Size
13,600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,225
Building Details
Building Size
13,600 SF
Buildings
1
Units
2
Listing Agency:
EXP Realty LLC
Listed By:
Kyle Sizemore
(864) 400-4200
Source:
Kaydangerfield
Added: Mar 13
Changed: Sep 8
Last Checked: Aug 25 at 9:21AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This freestanding commercial building totals 13,600 SF and is built for true multi-occupancy flexibility with a fully separated two-suite layout. The upstairs suite offers 6,200+ SF of open, adaptable space with two large rooms, two multi-stall restrooms, multiple entrances, and full ADA accessibility. It also includes newer HVAC systems and newer water heaters.
The downstairs suite provides 7,400+ SF and includes two large bay doors that can be reopened to create drive-in access. This level is supported by a hydraulic car lift, an office and restroom, and extensive storage or warehouse capacity.
Situated on a corner lot with 105 feet of frontage and ample parking, the property is positioned on East Wade Hampton Boulevard with monument signage and reported 34,700–43,000 VPD for strong exposure. A newer roof and updated mechanicals help support day-to-day use across a range of commercial applications.
The downstairs suite provides 7,400+ SF and includes two large bay doors that can be reopened to create drive-in access. This level is supported by a hydraulic car lift, an office and restroom, and extensive storage or warehouse capacity.
Situated on a corner lot with 105 feet of frontage and ample parking, the property is positioned on East Wade Hampton Boulevard with monument signage and reported 34,700–43,000 VPD for strong exposure. A newer roof and updated mechanicals help support day-to-day use across a range of commercial applications.
Key Highlights
- 13,600 SF freestanding commercial building with fully separated two‑suite layout
- Upstairs offers 6,200+ SF open blank‑canvas space with two multi‑stall restrooms and multiple entrances
- Downstairs includes 7,400+ SF with two large bay doors and hydraulic car lift plus office, restroom, and extensive storage/warehouse capacity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,272,800
$1.3M
Cap Rate 7%
$909,143
$909.1K
Cap Rate 9%
$707,111
$707.1K
Market Conditions
NOI Build-Up for 13,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.7K $6.01/SF
− Vacancy
−$6.9K −$0.50/SF
EGI
$74.9K $5.51/SF
− OpEx
−$11.2K −$0.83/SF
NOI
$63.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,272,800
Cap Rate 7%
$909,143
Cap Rate 9%
$707,111
Alternative Uses
Best Use
Warehouse
$909.1K
$795.5K – $1.06M
NOI $63,640 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$748.7K
$655.1K – $873.5K
NOI $52,409 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$5.81M
$5.08M – $6.78M
NOI $406,753 @ 7.0% cap · market cap 25.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29651, SC
50,778
Population
21,738
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
89.6 sq mi
ZIP Area
567
Density / Sq Mi
$80,748
Median Household Income
$47,077
Median Earnings
$1,021
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- RENEE'S DELIGHTFUL SOUL FOOD & MORE — 413 Sunnydale Dr, Greer, SC 29651
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding two-suite building with upstairs blank space and a downstairs with bay doors, hydraulic lift, and storage.
Where is this flex space located?
The property is located at 14629 E Wade Hampton Boulevard Greer, SC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 13,600 SF freestanding commercial building with fully separated two‑suite layout; Upstairs offers 6,200+ SF open blank‑canvas space with two multi‑stall restrooms and multiple entrances; Downstairs includes 7,400+ SF with two large bay doors and hydraulic car lift plus office, restroom, and extensive storage/warehouse capacity
