Industrial Property with Multiple
For Sale
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3109 Hwy 153, Piedmont, SC
9,385 SF industrial property on approximately 2.9 acres.
Property Size9,385 SF
Lot Size2.90 Acres
Price / SF$149.07
Days on Market491
Property Features for 3109 Hwy 153
General Information
Standard status
Active
Size
9,385 SF
Lot size
2.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Wilson Kibler | Greenville
(864) 350-3345
Listed By:
Givens B. Stewart · License #82732
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Aug 12
Last Checked: Aug 12 at 12:00PM
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 Kibler | Greenville
Investment Insights
Based on property information with market context.
This industrial property features a total of approximately 9,385 square feet of space, distributed across three buildings. The main building offers 7,000 square feet, accompanied by a 2,624-square-foot storage warehouse and a 760-square-foot storage shed. The property is situated on approximately 2.9 acres and has a clear height of 16 feet. The property is identified by TMS # 2370005005 and is located in Piedmont, SC.
Key Highlights
- ±9,385 Total SF across 3 buildings
- Situated on a ±2.9 AC lot
- 7,000 SF Main Building offers ample space
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
$43,916
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
3.14%
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%
$878,320
$878.3K
Cap Rate 7%
$627,371
$627.4K
Cap Rate 9%
$487,956
$488.0K
Market Conditions
NOI Build-Up for 9,385 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
$56.4K $6.01/SF
− Vacancy
−$4.7K −$0.50/SF
EGI
$51.7K $5.51/SF
− OpEx
−$7.7K −$0.83/SF
NOI
$43.9K $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%
$878,320
Cap Rate 7%
$627,371
Cap Rate 9%
$487,956
Alternative Uses
Best Use
Warehouse
$627.4K
$549.0K – $731.9K
NOI $43,916 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$516.7K
$452.1K – $602.8K
NOI $36,166 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,689 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 9,385 SF industrial property on approximately 2.9 acres.
Where is this warehouse located?
The property is located at 3109 Hwy 153 Piedmont, SC.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: ±9,385 Total SF across 3 buildings; Situated on a ±2.9 AC lot; 7,000 SF Main Building offers ample space
