Office Unit with Private
New
For Sale
$399,999
1510 Blue Ridge Boulevard #103, Seneca, SC 29672
Professional suite includes reception space, enclosed offices, restrooms, and a rear exit for additional access.
Property Size2,009 SF
Days on Market5
Property Features for 1510 Blue Ridge Boulevard #103
General Information
Standard status
Active
Size
2,009 SF
Property subtype
Office
Amenities
0.02 acres, OutsideCityLimits, Level, Topography: Level
SeeRemarks
Parcel Number: 207-00-02-103, Annual Amount: $4,674.08, Year: 2025
Carpet, LuxuryVinylPlank
HeatPump
Listing ID: 20305131, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-08-17, 2 days on market
Other Parking: 1 - 10
Built in 2009, Year Built Details: 15-25 Years, Levels: One, Construction Materials: SeeRemarks, Stucco
MLS Area (Major): 205-Oconee County,SC, County/Parish: Oconee
CableAvailable, ElectricityAvailable, SewerAvailable, UndergroundUtilities, WaterAvailable, SeparateMeters
CloseOfEscrow
Frontage Type: Highway
Landscaping
SecuritySystem, FireSprinklerSystem
WaterHeater
Building Details
Building Size
2,009 SF
Year Built
2009
Listing Agency:
RE/MAX Executive/Greenville
(864) 380-2122
Listed By:
Adrienne Hennes · License #13470
(864) 380-2122
Source:
Blackstreaminternational
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 9:57AM
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 RE/MAX Executive/Greenville
Investment Insights
Based on property information with market context.
Suite 103 is a 1,815-square-foot office unit within an 11-suite commercial plaza built in 2009. The interior includes a reception and waiting area that can also function as a showroom, three private offices, two restrooms, a janitor’s closet, rear-corner space for a break area, and a wide hallway supporting circulation between rooms. A rear exit provides an additional point of access, and on-site parking serves visitors and staff.
The property is located at 1510 Blue Ridge Boulevard in Seneca, near Bountyland Road and Keowee School Road, with access to Seneca, Walhalla, and surrounding Oconee County. The configuration is designed for office-based operations and may also accommodate retail use within the plaza. Existing furnishings and select artwork may convey.
The property is located at 1510 Blue Ridge Boulevard in Seneca, near Bountyland Road and Keowee School Road, with access to Seneca, Walhalla, and surrounding Oconee County. The configuration is designed for office-based operations and may also accommodate retail use within the plaza. Existing furnishings and select artwork may convey.
Key Highlights
- 1,815‑square‑foot office unit in an 11‑suite commercial plaza
- Three private offices, reception and waiting area, two restrooms, and janitor’s closet
- Rear exit provides an additional access point
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
$25,666
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
6.42%
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%
$513,320
$513.3K
Cap Rate 7%
$366,657
$366.7K
Cap Rate 9%
$285,178
$285.2K
Market Conditions
NOI Build-Up for 2,009 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
$40.3K $20.04/SF
− Vacancy
−$6.0K −$3.01/SF
EGI
$34.2K $17.03/SF
− OpEx
−$8.6K −$4.26/SF
NOI
$25.7K $12.78/SF
Area
Oconee County, SC
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$513,320
Cap Rate 7%
$366,657
Cap Rate 9%
$285,178
Alternative Uses
Best Use
Office B
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.3K
$441.3K – $588.4K
NOI $35,302 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 29672, SC
12,703
Population
6,483
Households
2
Avg Household Size
55
Median Age
44%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
324
Density / Sq Mi
$87,521
Median Household Income
$43,223
Median Earnings
$948
Median Rent
$394,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional suite includes reception space, enclosed offices, restrooms, and a rear exit for additional access.
Where is this office units located?
The property is located at 1510 Blue Ridge Boulevard #103 Seneca, SC.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 1,815‑square‑foot office unit in an 11‑suite commercial plaza; Three private offices, reception and waiting area, two restrooms, and janitor’s closet; Rear exit provides an additional access point
