Redevelopment Townhome
328 Dupont Dr, Greenville, SC 29607
For Sale
$975,000
Includes a repurposable 3,500 SF building on 10.54 acres near Downtown Greenville.
Property Size3,500 SF
Lot Size0.54 Acres
Price / SF$278.57
Days on Market169
Property Features for 328 Dupont Dr
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Spencer Hines Properties Grv.
Listed By:
Zach Hines · License #58750
(864) 918-9944
Source:
Greenvilleheartproperties
Added: May 25
Changed: Oct 25
Last Checked: Oct 7 at 3:43PM
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 Spencer Hines Properties Grv.
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Investment Insights
Based on property information with market context.
This redevelopment site totals 10.54 acres and was studied by an architect with preliminary due diligence supporting the possibility of up to 10 townhome units. The property also features an approximately 3,500 SF building that could be repurposed if desired. The site is described as having great topography to support redevelopment planning.
The property is located less than a mile from Downtown Greenville at 328 Dupont Drive. The combination of land area, the existing building, and the preliminary site study makes it a practical option for a multi-family townhome redevelopment near the downtown core.
The property is located less than a mile from Downtown Greenville at 328 Dupont Drive. The combination of land area, the existing building, and the preliminary site study makes it a practical option for a multi-family townhome redevelopment near the downtown core.
Key Highlights
- 10.54‑acre development site less than a mile from Downtown Greenville
- Preliminary architect due diligence study indicates possibility of 10 townhome units
- Includes a 3,500 SF building that could be repurposed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,820
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,400
$636.4K
Cap Rate 7%
$454,571
$454.6K
Cap Rate 9%
$353,556
$353.6K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$60.9K $17.40/SF
− Vacancy
−$3.0K −$0.87/SF
EGI
$57.9K $16.53/SF
− OpEx
−$26.0K −$7.44/SF
NOI
$31.8K $9.09/SF
Area
Greenville County, SC
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,400
Cap Rate 7%
$454,571
Cap Rate 9%
$353,556
Alternative Uses
Best Use
Apartment 5plus
$454.6K
$397.8K – $530.3K
NOI $31,820 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.74M
NOI $104,679 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
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Business Placement
Demographics for 29607, SC
44,216
Population
22,288
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
1,525
Density / Sq Mi
$69,249
Median Household Income
$46,549
Median Earnings
$1,339
Median Rent
$315,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Includes a repurposable 3,500 SF building on 10.54 acres near Downtown Greenville.
Where is this apartment building located?
The property is located at 328 Dupont Dr Greenville, SC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 10.54‑acre development site less than a mile from Downtown Greenville; Preliminary architect due diligence study indicates possibility of 10 townhome units; Includes a 3,500 SF building that could be repurposed
