Simpsonville Commercial Building For
For Sale
$3,995,000
313 N Main Street, Simpsonville, SC 29681
24,000 SF building in Simpsonville, SC, renovated in 2013.
Property Size24,000 SF
Price / SF$166.46
Days on Market204
Property Features for 313 N Main Street
General Information
Standard status
Active
Size
24,000 SF
Class
A
Property subtype
Office
Building Details
Building Size
24,000 SF
Listing Agency:
SVN Palmetto
Listed By:
Stephen Ahnrud · License #SC #97519
(404) 272-0054
Source:
Svn
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 14 at 9:59PM
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 SVN Palmetto
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 24,000 SF building is located in Simpsonville. Renovated in 2013, the property is meticulously maintained and offers a modern space. The C2 zoning designation provides versatile usage options. The property benefits from high visibility and easy access, making it a strategic choice for various building investors and medical facilities.
Key Highlights
- 24,000 SF building in Simpsonville
- Renovated in 2013 and meticulously maintained
- C2 zoning designation allows for versatile usage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$355,647
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,112,940
$7.1M
Cap Rate 7%
$5,080,671
$5.1M
Cap Rate 9%
$3,951,633
$4.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$527.0K $21.96/SF
− Vacancy
−$19.0K −$0.79/SF
EGI
$508.1K $21.17/SF
− OpEx
−$152.4K −$6.35/SF
NOI
$355.6K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,112,940
Cap Rate 7%
$5,080,671
Cap Rate 9%
$3,951,633
Alternative Uses
Best Use
Office B
$5.27M
$4.61M – $6.15M
NOI $369,101 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$5.08M
$4.45M – $5.93M
NOI $355,647 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$10.25M
$8.97M – $11.96M
NOI $717,799 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 29681, SC
63,257
Population
25,079
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
43.7 sq mi
ZIP Area
1,448
Density / Sq Mi
$107,694
Median Household Income
$54,834
Median Earnings
$1,615
Median Rent
$325,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail property - 24,000 SF building in Simpsonville, SC, renovated in 2013.
Where is this retail property located?
The property is located at 313 N Main Street Simpsonville, SC.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 24,000 SF building in Simpsonville; Renovated in 2013 and meticulously maintained; C2 zoning designation allows for versatile usage
