Add Listing
    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

    217 E Stone Ave Greenville, SC 29609

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Half-acre lot in booming Greenville corridor, ideal for development.

    Type:Office
    Property size:
    9,609 SF
    Lot size:
    0.50 Acres
    Added:
    Apr 29, 2022
    Days on Market:
    1452
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 217 E Stone Ave

    General Information

    Standard status
    Active
    Size
    9,609 SF
    Lot size
    0.50 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Will Hannah

    Listing agent Will Hannah License #144350

    Listing office Avison Young - Greenville

    Listing date Apr 29, 2022

    Source Crexi

    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 Avison Young - Greenville

    Overview

    Prime Development Lot on Stone

    This half-acre lot presents a development opportunity in Greenville, situated on East Stone Avenue, a corridor experiencing growth with new businesses and residents. The property offers visibility and access to I-385 and downtown Greenville. It is suitable for retail, office, or residential spaces. Numerous residential and commercial developments are underway in the vicinity, contributing to the area's growth. The property, with a size of 9609 square feet, is available for purchase and could potentially be combined with adjoining properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wax Works Spa & Massage Center Hearthstone Investors Real Estate Agency Hands of Hope Health ... Home Health Care Service Blumenfield Cultural Services, ... Research Institute Synergy Group Inc Security Service

    Suggested Use

    Restaurant Dental Office Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4000161
    Latitude
    34.8618586

    Nearby Similar for Sale

    • $369,900

      Greenville Commercial Building For Sale

      Commercial building with parking in high-traffic Greenville location.
      1 Elizabeth Drive, Greenville, SC 29615
      View Details
    • $390,000

      Commercial Property in Greenville, SC

      Commercial property for sale in Greenville, South Carolina.
      1601 Rutherford Road, Greenville, SC 29609
      View Details
    • $999,000

      Greenville Flex Industrial/Commercial Property

      8,550 SF flex building on 0.69 acres near Donaldson Center.
      7 Akron Drive, Greenville, SC 29605
      View Details
    • $449,609

      Greenville Redevelopment Opportunity

      0.5-acre property in Greenville's evolving corridor, ideal for redevelopment.
      730 Wade Hampton Boulevard, Greenville, SC 29609
      View Details
    • $599,000

      Renovated Office Building For Sale

      Fully renovated office building with parking and road visibility.
      1320 Haywood Road, Greenville, SC 29615
      View Details
    • $1,400,000

      Prime Greenville Commercial Corner Lot

      High-visibility corner lot in vibrant Poinsett District near downtown.
      Poinsett Highway, Greenville, SC 29609
      View Details
    • $450,000

      Downtown Greenville Acreage Opportunity

      Half-acre lot near Unity Park with limitless possibilities.
      315 S Hudson Street, Greenville, SC 29601
      View Details
    • $895,000

      Greenville Office For Sale

      Office property available for purchase in Greenville, South Carolina.
      204 Mills Avenue, Greenville, SC 29605
      View Details
    • $1,400

      Greenville Office Space For Lease

      Centrally located office/studio space near downtown Greenville.
      1322 E Washington Street, Greenville, SC 29607
      View Details
    • $639,000

      Eastover Duplex Investment Opportunity

      Two duplexes near Swamp Rabbit Trail, Greenville. Renovations in progress.
      213 Elder Street, Greenville, SC 29607
      View Details
    • $475,000

      Prime Land Near Downtown Greenville

      Land opportunity minutes from downtown Greenville with endless possibilities.
      308 Sullivan Street, Greenville, SC 29605
      View Details
    • $485,000

      Turnkey Duplex Near Downtown Greenville

      Newly built, fully furnished duplex generating income near downtown Greenville.
      100 Parkstone Drive, Greenville, SC 29609-1459
      View Details

    FAQs

    What type of property is this?
    Commercial land - Half-acre lot in booming Greenville corridor, ideal for development.
    Where is this commercial land located?
    The property is located at 217 E Stone Ave Greenville, SC.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime half‑acre lot on bustling East Stone Avenue.; Excellent visibility and easy access to I‑385 and downtown Greenville.; Ideal for retail, office, or residential development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Will Hannah
    Real Estate License ID: 144350
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!