Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    204 King St Greenville, SC 29601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $365,000

    Vacant 0.35 acre residential parcel, close to downtown.

    Lot size:
    0.35 Acres

    Property Features for 204 King St

    General Information

    Lot size
    0.35 Acres

    We can help!

    Listing Contact
    Vore
    Source: Kw

    Listing Agent: Vore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Parcel Near Downtown

    This vacant residential parcel, with an area of 0.35 acres, is located approximately two minutes from the center of Downtown. The property is suitable for multi-family units, multiple single-family homes, or a large home. To accommodate multi-family development, the zoning will need to be changed to RN-A. The City of Greenville recently approved rezoning of a neighboring lot from RHD to RN-A, and the seller has made the City aware of the upcoming request for the zoning change.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Realty agency Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.41153
    Latitude
    34.860237

    Nearby Similar for Sale

    • $1,000,000
      0.33 Acres

      Renovated Mixed-Use Property Near Downtown

      Charming, renovated property with development potential near downtown Greenville.
      317 W Stone Ave, Greenville, SC 29609
      View Details
    • $389,900
      0.34 Acres

      Greenville Commercial Building For Sale

      Commercial building in high traffic area suitable for various uses.
      1 Elizabeth Dr, Greenville, SC 29615
      View Details
    • $895,000
      0.25 Acres

      Greenville Office For Sale

      Office property available for purchase in Greenville, South Carolina.
      204 Mills Ave, Greenville, SC 29605
      View Details
    • $350,000
      0.38 Acres

      Greenville Duplex with Commercial Zoning

      Income-producing duplex with commercial zoning and development potential.
      3 Rangeview Cir, Greenville, SC 29617
      View Details
    • Contact for pricing
      1,600 SF

      Well-Maintained Office Space in Greenville

      Eastside Greenville office space with recent upgrades and ample parking.
      4010 E North St, Greenville, SC 29615
      View Details
    • $440,900
      0.35 Acres

      Mixed-Use Commercial Property on White Horse

      Versatile property with retail, office, and auto service potential.
      6035 White Horse Road Ext, Greenville, SC 29611
      View Details
    • $350,000

      Income-Producing Duplex Near Downtown

      Duplex in Greenville, SC, with tenants until 2026.
      17 Bridwell Ave, Greenville, SC 29607
      View Details
    • $325,000
      0.10 Acres

      Income-Producing Duplex Near Downtown Greenville

      Duplex near downtown Greenville with tenants in place until 2026.
      204 Elder Street Ext, Greenville, SC 29607
      View Details
    • Contact for pricing
      0.12 Acres

      Refreshed Office Building in Greenville

      Refreshed commercial office building in a prime Greenville location.
      604 University Rdg, Greenville, SC 29601
      View Details
    • $687,000
      1.07 Acres

      Mixed-Use Property on Highway 276

      Mixed-use commercial property on 1.07 acres with highway frontage.
      2821 Poinsett Hwy, Greenville, SC 29609
      View Details
    • $335,000
      2.00 Acres

      Commercial Property in Greenville, SC

      Commercial property for sale in Greenville, South Carolina.
      50 Gladys Dr, Greenville, SC 29607
      View Details
    • $575,000
      4,247 SF

      Three-House Portfolio in Greenville County

      Three houses with in-place income and strong rental demand.
      601 Tindal Rd, Greenville, SC 29617
      View Details

    FAQs

    What type of property is this?
    Land - Vacant 0.35 acre residential parcel, close to downtown.
    Where is this land located?
    The property is located at 204 King St Greenville, SC.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - Large 0.35 acre vacant residential parcel close to Downtown.; - Suitable for multi-family units, multiple single-family homes, or a large home.; - City of Greenville recently approved rezoning of a neighboring lot to RN-A.
    Request Owner's contact information
    204 King St Greenville, SC 29601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    204 King St
    Greenville, SC 29601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 King St Greenville, SC 29601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vore
    Learn more
    Google sign-in failed. Please try again or use another login method.