Medical Office with
202 Memorial Drive, Greer, SC 29650
For Sale
Contact for pricing
The property includes on-site parking and additional basement area for potential office conversion.
Property Size1,144 SF
Lot Size0.34 Acres
Price / SF$275.35
Days on Market106
Property Features for 202 Memorial Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Listing Agency:
Pintail
Listed By:
Reynolds Flowe · License SC #134403
Source:
Crexi
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 8 at 7:47AM
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 Pintail
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property at 202 Memorial Drive comprises approximately 1,144 SF on a 0.34-acre parcel. The building was formerly used as a dermatology office and includes additional basement space that can be converted into more office area. On-site parking accommodates 14 vehicles.
The property is in Greer, South Carolina, between W Poinsett St and W Wade Hampton Blvd. The surrounding roadway carries traffic counts of 36,637 VPD, providing a measurable access and exposure characteristic for the site.
The property is in Greer, South Carolina, between W Poinsett St and W Wade Hampton Blvd. The surrounding roadway carries traffic counts of 36,637 VPD, providing a measurable access and exposure characteristic for the site.
Key Highlights
- Approximately 1,144 SF of office space on 0.34 acres
- Former dermatology office configuration
- Additional basement area that can be converted into more office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,594
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,880
$351.9K
Cap Rate 7%
$251,343
$251.3K
Cap Rate 9%
$195,489
$195.5K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$26.4K $23.04/SF
− Vacancy
−$2.9K −$2.53/SF
EGI
$23.5K $20.51/SF
− OpEx
−$5.9K −$5.13/SF
NOI
$17.6K $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%
$351,880
Cap Rate 7%
$251,343
Cap Rate 9%
$195,489
Alternative Uses
Best Use
Office B
$251.3K
$219.9K – $293.2K
NOI $17,594 @ 7.0% cap · market cap 5.59%
Second Best
Healthcare Medical
$53.9K
$47.2K – $62.9K
NOI $3,772 @ 7.0% cap · market cap 1.20%
Theoretical Best
Office A
$488.8K
$427.7K – $570.3K
NOI $34,215 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29650, SC
38,721
Population
17,048
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,151
Density / Sq Mi
$91,640
Median Household Income
$49,567
Median Earnings
$1,344
Median Rent
$332,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property includes on-site parking and additional basement area for potential office conversion.
Where is this medical office space located?
The property is located at 202 Memorial Drive Greer, SC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Approximately 1,144 SF of office space on 0.34 acres; Former dermatology office configuration; Additional basement area that can be converted into more office space
