Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Downtown Commercial Building Title is generated by Realmo AI

    327 Main St, Greenwood, SC 29646

    View on Map
    Claim this Listing
    For Sale
    $390,000

    Commercial Building, Mid-rise - Greenwood, SC

    Property size:
    1,800 SF
    Price / SF:
    $216/SF
    Added:
    May 12, 2026
    Days on Market:
    10
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 327 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    6845-939-942 6845-941-943
    Size
    1,800 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    1922
    Year renovated
    1922
    Architectural style
    Other

    We can help!

    Listing Contact
    Amy McAlister

    Listing agent Amy McAlister

    Listing office GREENWOOD REALTY INC 225 Bypass 72 NW, Greenwood, SC

    Listing date May 12, 2026

    MLS# 11742499 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 1,800+ sq ft versatile space in downtown location.
    • Opportunity to create a residence, live/work space, or business hub.
    • Unique access to both the basement and the roof from the 8th floor.
    • Can be split into two individual units for investment flexibility.
    • Walking distance to Uptown Greenwood shops, dining, and arts scene.
    • Garage parking available.

    Overview

    Floors 6 and 8 of The Grier Building at 327 Main Street in Greenwood, SC, offer a versatile space suitable for various purposes. The property, spanning over 1,800 square feet, presents an open canvas for creating an urban residence, a live/work space, or a business hub. The 8th floor includes access to both the basement and the roof, adding flexibility for customization and functional use. The properties can be split, offering flexibility for investors or end users. Located within walking distance to Uptown Greenwood, the property provides access to local shops, dining, the arts scene, and the museum.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $341.3K
    NOI $30,714 @ 9.00% cap · cautious / downside scenario
    Moderate
    $438.8K
    NOI $30,714 @ 7.00% cap · market / base-case scenario
    Aggressive
    $614.3K
    NOI $30,714 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $48.4k $26.88
    − Vacancy −$7.4k −$4.13
    EGI $41.0k $22.75
    − OpEx −$10.2k −$5.69
    NOI $30.7k $17.06
    1,800 SF · lease $26.88/SF/yr · vacancy 15.36% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $438.8K
    $383.9K – $511.9K (±1% cap)
    NOI $30,714 @ 7.0% cap · market cap 7.88%
    Second Best
    Mixed Use
    $254.6K
    $222.8K – $297.0K (±1% cap)
    NOI $17,820 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Office A
    $565.4K
    $494.8K – $659.7K (±1% cap)
    NOI $39,581 @ 7.0% cap · market cap 10.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cherry MacTaggart Counselor Buffalo Grill Restaurant Earcelia Paul-Hill Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1595774
    Latitude
    34.1901096

    Nearby Similar for Sale

    • $799,900
      6,000 SF

      Versatile Commercial Flex Property

      6,000 sq ft commercial flex property in Greenwood, SC.
      463 Calhoun, Greenwood, SC 29646
      View Details
    • $430,000
      3,200 SF

      Greenwood Commercial Property Near Lake

      Flexible commercial property near Lake Greenwood with expansion potential.
      5108 Old Laurens Rd, Greenwood, SC 29649
      View Details
    • $350,000
      2,554 SF

      Greenwood Commercial Property with Chef Kitchen

      Commercial property with chef's kitchen, suitable for catering business.
      116 Charles Street, Greenwood, SC 29649
      View Details
    • $449,000
      2,683 SF

      Established Car Wash with Vacant Lot

      Income-producing car wash with expansion potential in high-traffic location.
      2534 Hwy 25 S, Greenwood, SC 29646
      View Details
    • $275,000
      7,067 SF

      Greenwood Commercial Property with Buildings

      Two buildings on 0.76 acres, ideal for auto/industrial use.
      120/124 Commerce Circle, Greenwood, SC 29646
      View Details
    • $395,000
      10,000 SF

      Greenwood Commercial Building For Sale

      Office, showroom, and warehouse space in a prime location.
      1201 E Cambridge Av, Greenwood, SC 29649
      View Details
    • $390,000
      1,817 SF

      Versatile Downtown Greenwood Commercial Space

      Unique mixed-use opportunity in the heart of downtown Greenwood.
      327 Main St (Floors 6 & 8), Greenwood, SC 29646
      View Details
    • $400,000
      4,753 SF

      Uptown Greenwood Mixed-Use Opportunity

      Iconic mixed-use property in vibrant Uptown Greenwood, South Carolina.
      204 Main Street, Greenwood, SC 29649
      View Details
    • $165,000
      1,956 SF

      Greenwood Car Wash Investment Opportunity

      Self-service car wash with growth potential on 0.64 acres.
      1005 Reynolds Ave, Greenwood, SC 29649
      View Details
    • $195,000
      1,817 SF

      Versatile Commercial Space in Greenwood

      Floors 6 & 8 of The Grier Building in downtown.
      327 Main St (Floors 6 or 8), Greenwood, SC 29646
      View Details
    • $105,000

      Lake Greenwood Motorcoach Resort Lot

      Class A resort lot near Lake Greenwood with amenities.
      463 Cane Creek Camp Lot 41 Road, Greenwood, SC 29332
      View Details
    • $145,000
      1,820 SF

      Greenwood Duplex: Investment Opportunity

      Turnkey duplex in Greenwood, SC, ideal for investors or owner-occupants.
      802 A/B Kings Court, Greenwood, SC 29646
      View Details

    FAQs

    What type of property is this?
    Live-work space - Floors 6 & 8 offer versatile space in downtown Greenwood.
    Where is this live-work space located?
    The property is located at 327 Main St Greenwood, SC.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Expansive 1,800+ sq ft versatile space in downtown location.; Opportunity to create a residence, live/work space, or business hub.; Unique access to both the basement and the roof from the 8th floor.
    (864) 992-1678
    We can help!
    Listing Contact
    Amy McAlister
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    327 Main St, Greenwood, SC 29646
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!