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Luxury Motor Condos For Sale

24 Gladys Drive Greenville, SC 29607

24 Gladys Drive, Greenville, SC, 29607
$369,000
For Sale
Claim this Listing
$369,000

COMMERCIAL - Greenville, SC

Property Size1,000 SF
Price / SF$369
AddedMay 30
Days on Market47
Last RefreshJul 15 at 4:06 pm

Property Features for 24 Gladys Drive

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
62-0000-40-100
Size
1,000 SF

Utilities

Heating system
Electric (Heating)
Water source
Public

Building Details

Flooring type
Concrete
Building materials
Metal

Listing agent Jennifer Kendrick License #51695

Listing office The Real Estate Shoppe LLC Greer, SC

Listing date May 30, 2026

MLS# 1593317

Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

The Vault Motor Condos represent a unique opportunity to own a luxury motor condominium within Greenville's first and only complex of its kind. These private, secure garage condos are situated in a gated community designed to foster a lifestyle among like-minded owners. Each unit measures 20 feet wide by 50 feet deep with a height of 19 feet, encompassing 1000 square feet on the first floor. The condos are climate controlled with HVAC systems and feature a 14-foot wide by 15-foot high overhead automatic garage door, along with a 3070 commercial walk door. Plumbing is roughed in for a bathroom and shower. Electrical needs are met with a 200 AMP service panel and GFCI outlets throughout. LED commercial lighting and an overhead fan are included, and the units are fully insulated with reinforced concrete floors. Customization options are available, including restrooms, bars, kitchens, and theaters. This setup is ideal for merging passions such as cars, boats, ATVs, RVs, and motorcycles with lifestyle aspirations, creating a personalized space. Additional suites can be purchased and combined for those requiring more space. Located in Greenville, SC, these motor condos offer a unique commercial real estate opportunity.

Key Highlights

  • Own a private, secure, and customizable garage condo in Greenville's premier luxury motor condominium complex.
  • Enjoy a climate‑controlled, 1000 sq ft space with a 14'x15' overhead automatic garage door.
  • Benefit from a gated community and connect with like‑minded owners.

Local Financial Insights For Retail

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 $22.0k $21.96
− Vacancy −$791 −$0.79
EGI $21.2k $21.17
− OpEx −$6.4k −$6.35
NOI $14.8k $14.82
1,000 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$211.7K
$185.2K – $247.0K (±1% cap)
NOI $14,819 @ 7.0% cap · market cap 4.02%
Second Best
Warehouse
$66.8K
$58.5K – $78.0K (±1% cap)
NOI $4,679 @ 7.0% cap · market cap 1.27%
Theoretical Best
Office A
$427.3K
$373.9K – $498.5K (±1% cap)
NOI $29,908 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Big Box & Wholesale Store Parking Lot & Garage Grocery & Convenience Store Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Food Market Garden Center Grocery & Convenience Store Butcher

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

Similar Off Market Nearby

  • Dixon Family Catering — 775 Woodruff Rd, Greenville, SC 29607
  • Good Life Catering Co — 743 Congaree Rd Suite 7, Greenville, SC 29607
  • Stax Catering — 74 Orchard Park Dr Unit B, Greenville, SC 29615
  • Firehouse Subs Haywood Rd — 765 Haywood Rd Ste B3, Greenville, SC 29607
  • Wakefield's Catering Services — 91 Halton Rd, Greenville, SC 29607

FAQs

What type of property is this?
Flex space - Private, secure garage condos in a gated community.
Where is this flex space located?
The property is located at 24 Gladys Drive Greenville, SC.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Own a private, secure, and customizable garage condo in Greenville's premier luxury motor condominium complex.; Enjoy a climate‑controlled, 1000 sq ft space with a 14'x15' overhead automatic garage door.; Benefit from a gated community and connect with like‑minded owners.
Contact an agent
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