Multi-Tenant Investment
For Sale
$475,000
1649 East Main Street, Easley, SC 29640
6,250 SF multi-tenant investment opportunity in Easley, SC.
Property Size6,250 SF
Price / SF$76
Days on Market169
Property Features for 1649 East Main Street
General Information
Standard status
Active
Size
6,250 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,250 SF
Listing Agency:
(864) 934-5261
Listed By:
John Wright Jr., CCIM
Source:
Mccoywright
Added: Mar 5
Changed: Aug 7
Last Checked: Aug 21 at 4:37AM
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 John Wright Jr., CCIM
Investment Insights
Based on property information with market context.
This 6,250 square foot multi-tenant property is located on Calhoun Memorial Highway in Easley, South Carolina. It represents an investment opportunity.
Key Highlights
- 6,250 SF multi tenant investment opportunity
- Located on Calhoun Memorial Highway
- Easley, SC address
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
$20,948
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
4.41%
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%
$418,960
$419.0K
Cap Rate 7%
$299,257
$299.3K
Cap Rate 9%
$232,756
$232.8K
Market Conditions
NOI Build-Up for 6,250 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
$30.0K $4.80/SF
− Vacancy
−$2.1K −$0.33/SF
EGI
$27.9K $4.47/SF
− OpEx
−$7.0K −$1.12/SF
NOI
$20.9K $3.35/SF
Area
Pickens County, SC
Vacancy
6.90%
Lease Rate
$4.80 /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%
$418,960
Cap Rate 7%
$299,257
Cap Rate 9%
$232,756
Alternative Uses
Best Use
Office B
$299.3K
$261.9K – $349.1K
NOI $20,948 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$924.1K
$808.6K – $1.08M
NOI $64,688 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 29640, SC
32,191
Population
14,096
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
84%
High-School Grad
85.7 sq mi
ZIP Area
376
Density / Sq Mi
$60,596
Median Household Income
$35,610
Median Earnings
$952
Median Rent
$197,200
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 building - 6,250 SF multi-tenant investment opportunity in Easley, SC.
Where is this office building located?
The property is located at 1649 East Main Street Easley, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6,250 SF multi tenant investment opportunity; Located on Calhoun Memorial Highway; Easley, SC address
