Flex Space with Grade Level Roll-Up
For Sale
$245,000
3037 Geer Highway, Marietta, SC 29661
Flex building on a corner lot with heated office/showroom space plus a shop/warehouse area without HVAC.
Property Size2,235 SF
Lot Size0.18 Acres
Price / SF$109.62
Days on Market42
Property Features for 3037 Geer Highway
General Information
Standard status
Active
Size
2,235 SF
Lot size
0.18 Acres
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
1,048 SF
Drive-In Doors
2
Conditioned Warehouse
No
Taxes and HOA fees
Annual Taxes
$1,215
Building Details
Building Size
2,235 SF
Listing Agency:
Wilson Associates
Listed By:
Jonathan C Clark
Source:
Kaydangerfield
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 7 at 12:35PM
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 Wilson Associates
Investment Insights
Based on property information with market context.
Flex building for sale on a corner lot offering approximately 2,235 SF total. The space includes about 1,187 SF of heated and cooled office, showroom, restroom, and storage, plus roughly 1,048 SF of shop/warehouse space without HVAC.
The property includes two 8ft x 8ft grade level roll-up doors, supporting straightforward access for light industrial, service, or flexible retail operations that need both conditioned interior space and a non-conditioned work area.
With its mix of heated and cooled improvements and dedicated shop/warehouse area, this layout can accommodate businesses looking for an integrated office/showroom environment alongside space for equipment or storage.
The property includes two 8ft x 8ft grade level roll-up doors, supporting straightforward access for light industrial, service, or flexible retail operations that need both conditioned interior space and a non-conditioned work area.
With its mix of heated and cooled improvements and dedicated shop/warehouse area, this layout can accommodate businesses looking for an integrated office/showroom environment alongside space for equipment or storage.
Key Highlights
- Approximately 2,235 SF flex building for sale
- About 1,187 SF heated and cooled office, showroom, restroom, and storage
- About 1,048 SF shop/warehouse space with no HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,160
$209.2K
Cap Rate 7%
$149,400
$149.4K
Cap Rate 9%
$116,200
$116.2K
Market Conditions
NOI Build-Up for 2,235 SF
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.
Gross rent
$13.4K $6.01/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$12.3K $5.51/SF
− OpEx
−$1.8K −$0.83/SF
NOI
$10.5K $4.68/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,160
Cap Rate 7%
$149,400
Cap Rate 9%
$116,200
Alternative Uses
Best Use
Warehouse
$149.4K
$130.7K – $174.3K
NOI $10,458 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$123.0K
$107.7K – $143.6K
NOI $8,613 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$954.9K
$835.6K – $1.11M
NOI $66,845 @ 7.0% cap · market cap 27.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building on a corner lot with heated office/showroom space plus a shop/warehouse area without HVAC.
Where is this flex space located?
The property is located at 3037 Geer Highway Marietta, SC.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Approximately 2,235 SF flex building for sale; About 1,187 SF heated and cooled office, showroom, restroom, and storage; About 1,048 SF shop/warehouse space with no HVAC
