Operating Restaurant and
For Sale
Contact for pricing
3717 E North Street, Greenville, SC 29615
Existing food-and-beverage operation near a signalized intersection with C-1 zoning.
Property Size2,500 SF
Price / SF$440
Days on Market131
Property Features for 3717 E North Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Zoning
C-1
Building Details
Tenancy
Single
Listing Agency:
Berkshire Hathaway/C.Dan Joyner Commercial
(864) 884-2198
Listed By:
Tim Allender · License #55025
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 31 at 2:09AM
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 Berkshire Hathaway/C.Dan Joyner Commercial
Investment Insights
Based on property information with market context.
This 2,500-square-foot property is operating as a restaurant and bar, providing an existing food-and-beverage use in a commercial setting. The asset is zoned C-1, supporting its current commercial classification.
The property is positioned just off the lighted intersection of E. North Street and Haywood Road in Greenville, South Carolina. Its address is 3717 E. North Street, Greenville, SC 29615.
The property is positioned just off the lighted intersection of E. North Street and Haywood Road in Greenville, South Carolina. Its address is 3717 E. North Street, Greenville, SC 29615.
Key Highlights
- 2,500‑square‑foot operating restaurant and bar
- C‑1 zoning
- Just off the lighted intersection of E. North Street and Haywood Road
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
$32,535
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
2.96%
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%
$650,700
$650.7K
Cap Rate 7%
$464,786
$464.8K
Cap Rate 9%
$361,500
$361.5K
Market Conditions
NOI Build-Up for 2,500 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
$45.0K $18.00/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$43.4K $17.35/SF
− OpEx
−$10.8K −$4.34/SF
NOI
$32.5K $13.01/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$650,700
Cap Rate 7%
$464,786
Cap Rate 9%
$361,500
Alternative Uses
Best Use
Specialty Retail
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.6K – $1.25M
NOI $74,771 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
McDonald's
Dining
22,947 visits/mo
0.1 miles
Circle K
Shops & Services
14,513 visits/mo
0.0 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
11,499 visits/mo
0.2 miles
Papa John's Pizza
Dining
2,704 visits/mo
0.1 miles
United Bank
Shops & Services
1,400 visits/mo
0.0 miles
Demographics for 29615, SC
38,684
Population
19,687
Households
2
Avg Household Size
40
Median Age
52%
College-Educated
96%
High-School Grad
19.2 sq mi
ZIP Area
2,015
Density / Sq Mi
$74,200
Median Household Income
$44,960
Median Earnings
$1,203
Median Rent
$348,600
Median Home Value
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing food-and-beverage operation near a signalized intersection with C-1 zoning.
Where is this conventional restaurant located?
The property is located at 3717 E North Street Greenville, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,500‑square‑foot operating restaurant and bar; C‑1 zoning; Just off the lighted intersection of E. North Street and Haywood Road
