Flex Space with Equipment
For Sale
$299,000
2454 E Hwy 72-221, Greenwood, SC 29649
Commercial Sale, Greenwood, SC
Property Size1,516 SF
Lot Size3.19 Acres
Price / SF$197.23
Days on Market114
Property Features for 2454 E Hwy 72-221
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1
Subdivision
NOT IN SUBDIVIS
Standard status
Active
Size
1,516 SF
Lot size
3.19 Acres
Taxes and HOA fees
Tax Annual Amount
3483
Building Details
Year built
2018
Listing Agency:
RE/MAX ACTION REALTY · RE/MAX International
(864) 942-0021
Listed By:
Bubba Harvin · License #13033
(864) 992-9090
Added: Jul 10
Changed: Oct 16
Last Checked: Oct 31 at 1:06AM
MLS# 140193
Copyright © 2026 Greenwood 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.
This I-1-zoned flex property includes a 1,512-square-foot modular office and a 730-square-foot shop with two roll-up doors. The office layout provides a reception area, four offices, a break room, and two bathrooms. A handicap entrance is installed, and the paved parking lot accommodates 12 spaces.
Built in 2018, the property sits on E Hwy 72-221 in Greenwood, South Carolina. The site also includes a yard described as suitable for storing and handling equipment, adding practical utility for operations requiring both enclosed workspace and outdoor staging.
Built in 2018, the property sits on E Hwy 72-221 in Greenwood, South Carolina. The site also includes a yard described as suitable for storing and handling equipment, adding practical utility for operations requiring both enclosed workspace and outdoor staging.
Key Highlights
- 1,512‑square‑foot modular office with reception area, 4 offices, break room, and 2 bathrooms
- 730‑square‑foot shop equipped with 2 roll‑up doors
- I‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,930
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,600
$178.6K
Cap Rate 7%
$127,571
$127.6K
Cap Rate 9%
$99,222
$99.2K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$13.6K $9.00/SF
− Vacancy
−$887 −$0.59/SF
EGI
$12.8K $8.42/SF
− OpEx
−$3.8K −$2.52/SF
NOI
$8.9K $5.89/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,600
Cap Rate 7%
$127,571
Cap Rate 9%
$99,222
Alternative Uses
Best Use
Industrial
$127.6K
$111.6K – $148.8K
NOI $8,930 @ 7.0% cap · market cap 2.99%
Second Best
Flex RnD
$68.7K
$60.1K – $80.2K
NOI $4,809 @ 7.0% cap · market cap 1.61%
Theoretical Best
Office A
$476.2K
$416.7K – $555.6K
NOI $33,336 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned flex property combines office space, a shop, and a paved parking area with an accessible entrance.
Where is this flex space located?
The property is located at 2454 E Hwy 72-221 Greenwood, SC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,512‑square‑foot modular office with reception area, 4 offices, break room, and 2 bathrooms; 730‑square‑foot shop equipped with 2 roll‑up doors; I‑1 zoning
