Retail Building on Crosscreek
For Sale
Contact for pricing
167 Crosscreek Connector, Greenwood, SC 29649
Retail building on one acre with expansion potential.
Property Size4,320 SF
Lot Size1.00 Acre
Price / SF$121.53
Days on Market160
Property Features for 167 Crosscreek Connector
General Information
Standard status
Active
Size
4,320 SF
Lot size
1.00 Acre
Property subtype
Mixed Use, Office, Retail
Zoning
GC General Commercial
Building Details
Year Built
2001
Buildings
1
Stories
1
Listing Agency:
McClendon Realty LLC
(864) 720-4146
Listed By:
David Walsh · License #140410
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 12 at 6:53AM
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 McClendon Realty LLC
Investment Insights
Based on property information with market context.
This retail building is situated on one acre zoned GC (general commercial uses), located off the 72NW on the Crosscreek Connector retail corridor. The building contains approximately 4300 square feet, with most of the space configured as a showroom. It includes two bathrooms, one public and one private, along with an approximate 20' x 20' office shipping area at the back, which has exterior access. The property features almost a half-acre at the back that is currently unused, presenting an opportunity for vehicle storage or building expansion. A large display sign is located at the front of the property, which has 1,184' of road frontage. The property will convey vacant at closing.
Key Highlights
- Prime location on the Crosscreek Connector retail corridor, just off 72NW.
- Zoned GC (general commercial uses) offering versatile business opportunities.
- Large, unused half‑acre at the rear, suitable for vehicle storage or building expansion.
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
$42,768
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
8.15%
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%
$855,360
$855.4K
Cap Rate 7%
$610,971
$611.0K
Cap Rate 9%
$475,200
$475.2K
Market Conditions
NOI Build-Up for 4,320 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
$77.8K $18.00/SF
− Vacancy
−$9.3K −$2.16/SF
EGI
$68.4K $15.84/SF
− OpEx
−$25.7K −$5.94/SF
NOI
$42.8K $9.90/SF
Area
Greenwood County, SC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$855,360
Cap Rate 7%
$610,971
Cap Rate 9%
$475,200
Alternative Uses
Best Use
Office B
$1.05M
$921.4K – $1.23M
NOI $73,714 @ 7.0% cap · market cap 14.04%
Second Best
Mixed Use
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,996 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
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?
Mixed-use property - Retail building on one acre with expansion potential.
Where is this mixed-use property located?
The property is located at 167 Crosscreek Connector Greenwood, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location on the Crosscreek Connector retail corridor, just off 72NW.; Zoned GC (general commercial uses) offering versatile business opportunities.; Large, unused half‑acre at the rear, suitable for vehicle storage or building expansion.
