Luxury Motor Condos For
24 Gladys Drive Greenville, SC 29607
For Sale
$369,000
COMMERCIAL - Greenville, SC
Property Size1,000 SF
Price / SF$369
Days on Market57
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 Agency:
The Real Estate Shoppe LLC
(864) 884-6901
Listed By:
Jennifer Kendrick · License #51695
(864) 884-6901
Added: May 30
Last Checked: Jul 25 at 6:06AM
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.
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
NOI $14,819 @ 7.0% cap · market cap 4.02%
Second Best
Warehouse
$66.8K
$58.5K – $78.0K
NOI $4,679 @ 7.0% cap · market cap 1.27%
Theoretical Best
Office A
$427.3K
$373.9K – $498.5K
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
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.
