Medical Office with
For Sale
Contact for pricing
21 Memorial Medical Dr, Greenville, SC 29605
Former dermatology practice with dedicated parking near I-85 and Faris Road.
Property Size3,400 SF
Lot Size0.50 Acres
Price / SF$210.29
Days on Market9
Property Features for 21 Memorial Medical Dr
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
22
Lot size
0.50 Acres
Property subtype
Office, Retail
Site & Location
Traffic Count
18,947 vehicles/day
Highway Access
Yes
Listing Agency:
Pintail
Listed By:
Reynolds Flowe · License #134403
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 3:25AM
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
Investment Insights
Based on property information with market context.
This 3,400-square-foot medical office occupies 0.5 acres and was previously used as a dermatology practice. The property includes parking for 22 vehicles and offers a commercial layout suited to medical office operations.
Located at 21 Memorial Medical Dr in Greenville, South Carolina, the property is positioned off I-85 and Faris Road. Reported traffic volume along the nearby corridor is 18,947 VPD, providing a measurable access and exposure characteristic for the site.
Located at 21 Memorial Medical Dr in Greenville, South Carolina, the property is positioned off I-85 and Faris Road. Reported traffic volume along the nearby corridor is 18,947 VPD, providing a measurable access and exposure characteristic for the site.
Key Highlights
- 3,400 SF medical office on 0.5 AC
- Previously operated as a dermatology office
- 22 parking spots included
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $23.04 |
| − Vacancy | −$8.6k | −$2.53 |
| EGI | $69.7k | $20.51 |
| − OpEx | −$17.4k | −$5.13 |
| NOI | $52.3k | $15.38 |
3,400 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$747.0K
$653.6K – $871.5K
NOI $52,289 @ 7.0% cap · market cap 7.31%
Second Best
Retail
$719.8K
$629.8K – $839.7K
NOI $50,383 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,688 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18,947 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,821
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29605, SC
36,970
Population
17,013
Households
2.2
Avg Household Size
37
Median Age
34%
College-Educated
86%
High-School Grad
24.8 sq mi
ZIP Area
1,491
Density / Sq Mi
$63,717
Median Household Income
$39,518
Median Earnings
$1,049
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dermatology practice with dedicated parking near I-85 and Faris Road.
Where is this medical office space located?
The property is located at 21 Memorial Medical Dr Greenville, SC.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 3,400 SF medical office on 0.5 AC; Previously operated as a dermatology office; 22 parking spots included
