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Climate-Controlled Garage Condo
For Sale
$369,000

24 Gladys Drive, Greenville, SC 29607

Commercial/Industrial, Greenville, SC

Property Size1,000 SF
Price / SF$369
Days on Market140

Property Features for 24 Gladys Drive

General Information

Property type Commercial Sale
Property subtype Other
Subdivision 030
Standard status Active
APN 62-0000-40-100

Utilities

Heating system Electric (Heating)
Water source Public

Amenities

private gated community
climate controlled
overhead automatic garage door
commercial walk door
rough in plumbing for bathroom and shower
200 AMP service panel
GFCI outlets throughout
LED commercial lighting
overhead fan
fully insulated
reinforced concrete floor

Building Details

Flooring type Concrete
Building materials Metal
Listing Agency: The Real Estate Shoppe LLC
Listed By: Jennifer Kendrick · License #51695
Added: May 30 Changed: Oct 8 Last Checked: Oct 16 at 10:06PM
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.

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Investment Insights

Based on property information with market context.

These privately owned garage condominiums are arranged within a gated community and designed for vehicles and recreational equipment. Each suite measures 20'Wx50'Dx19'H, with 1000 sf on the first floor, climate-controlled HVAC, a 14'Wx15'H automatic overhead garage door, and a 3070 commercial walk door. Construction details include a reinforced concrete floor, full insulation, LED commercial lighting, an overhead fan, and GFCI outlets throughout.

The electrical system includes a 200 AMP service panel, while rough-in plumbing accommodates a future bathroom and shower. Optional improvements may include restrooms, bars, kitchens, theatres, and other customized amenities. Additional suites can be purchased and combined when more space is needed. The property uses metal construction, concrete flooring, electric heating, and public water.

Key Highlights

  • 20'Wx50'Dx19'H suites with 1000 sf on the first floor
  • Climate‑controlled HVAC with full insulation and overhead fan
  • 14'Wx15'H automatic overhead garage door plus 3070 commercial walk door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$14,819
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,380 $296.4K
Cap Rate 7%
$211,700 $211.7K
Cap Rate 9%
$164,656 $164.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.0K $21.96/SF
− Vacancy
−$791 −$0.79/SF
EGI
$21.2K $21.17/SF
− OpEx
−$6.4K −$6.35/SF
NOI
$14.8K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,380
Cap Rate 7%
$211,700
Cap Rate 9%
$164,656

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
Industrial
$55.1K
$48.2K – $64.2K (±1% cap)
NOI $3,854 @ 7.0% cap · market cap 1.04%
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 authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Parking lots & garages

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Restaurant HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,560
Businesses Nearby
375k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 78% Dining 14% Shops & Services 6% Electronics 2%
Belk Apparel
81,099 visits/mo 0.3 miles
JCPenney Apparel
74,448 visits/mo 0.4 miles
Dillard's Apparel
72,045 visits/mo 0.3 miles
Macy's Apparel
57,742 visits/mo 0.4 miles
Jason's Deli Dining
25,965 visits/mo 0.5 miles

Demographics for 29607, SC

44,216
Population
22,288
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
1,525
Density / Sq Mi
$69,249
Median Household Income
$46,549
Median Earnings
$1,339
Median Rent
$315,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Greenville, SC

5.7% 2020
5.9% 2021
5.4% 2022
4.9% 2023
4.4% 2024
4.7% 2025

Similar Off Market Nearby

  • Enterprise Rent-A-Car — 531woodruff Road, Greenville, SC 29607
  • Enterprise Truck Rental — 531 Woodruff Rd, Greenville, SC 29607
  • U-Haul Moving & Storage of East Greenville — 24 Roper Mountain Rd, Greenville, SC 29607
  • Trailer Rental at U-Haul — 24 Roper Mountain Rd, Greenville, SC 29607
  • Truck Rental at U-Haul — 24 Roper Mountain Rd, Greenville, SC 29607

Frequently Asked Questions

What type of property is this?
Parking lot & garage - Private gated garage space includes HVAC, commercial lighting, and a reinforced concrete floor.
Where is this parking lot & garage 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: 20'Wx50'Dx19'H suites with 1000 sf on the first floor; Climate‑controlled HVAC with full insulation and overhead fan; 14'Wx15'H automatic overhead garage door plus 3070 commercial walk door
More about this property
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