Listing Agency: KDS Caine Commercial Real Estate

Listed By: Gary Kirby · License #SC

Source: Crexi

Added: Sep 3, 2024 Changed: Oct 3 Last Checked: Oct 23 at 4:59AM

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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 KDS Caine Commercial Real Estate

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Investment Insights

Based on property information with market context.

This industrial property, available for sale, offers a total area of 11,590 square feet. The property is located on Geer Hwy in Slater-Marietta, SC.

Key Highlights

• No property information was provided to extract selling points.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,663

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,260 $893.3K

Cap Rate 7%

$638,043 $638.0K

Cap Rate 9%

$496,256 $496.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,590 SF

Gross rent

$69.7K $6.01/SF

− Vacancy

−$5.9K −$0.50/SF

EGI

$63.8K $5.51/SF

− OpEx

−$19.1K −$1.65/SF

NOI

$44.7K $3.85/SF

Area

Greenville County, SC

Vacancy

8.40%

Lease Rate

$6.01 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,260

Cap Rate 7%

$638,043

Cap Rate 9%

$496,256

Alternative Uses

Best Use

Industrial

$638.0K

$558.3K – $744.4K (±1% cap)

NOI $44,663 @ 7.0% cap · market cap 7.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.95M

$4.33M – $5.78M (±1% cap)

NOI $346,637 @ 7.0% cap · market cap 57.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Building Supply Auto Parts Store Pharmacy Furniture & Home Goods Grocery & Convenience Store 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

120

Businesses Nearby

Explore this area Business Placement

Demographics for 29661, SC

5,963

Population

3,097

Households

1.9

Avg Household Size

46

Median Age

17%

College-Educated

76%

High-School Grad

81.1 sq mi

ZIP Area

74

Density / Sq Mi

$54,335

Median Household Income

$35,563

Median Earnings

$857

Median Rent

$193,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property available for sale, featuring 11,590 square feet.

Where is this industrial property located?

The property is located at 3022 Geer Hwy Marietta, SC.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: No property information was provided to extract selling points.