Listing Agency: Avison Young | Greenville Show Phone

Listed By: Ned Reynolds Show Phone

Source: Moodyscre

Added: Jul 30, 2025 Changed: Oct 26 Last Checked: Oct 28 at 10:55AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 5,000 square foot office building is available for sale. The property features a replaced roof from 2018 and an upstairs HVAC system replaced in 2020. The current net operating income supports an 8% capitalization rate.

Key Highlights

• 8% cap rate on current NOI
• Roof replaced in 2018
• Upstairs HVAC replaced in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,896

Cap Rate

9.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,537,920 $1.5M

Cap Rate 7%

$1,098,514 $1.1M

Cap Rate 9%

$854,400 $854.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$115.2K $23.04/SF

− Vacancy

−$12.7K −$2.53/SF

EGI

$102.5K $20.51/SF

− OpEx

−$25.6K −$5.13/SF

NOI

$76.9K $15.38/SF

Area

Greenville County, SC

Vacancy

11.00%

Lease Rate

$23.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,537,920

Cap Rate 7%

$1,098,514

Cap Rate 9%

$854,400

Alternative Uses

Best Use

Office B

$1.10M

$961.2K – $1.28M (±1% cap)

NOI $76,896 @ 7.0% cap · market cap 9.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.87M – $2.49M (±1% cap)

NOI $149,541 @ 7.0% cap · market cap 17.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Assure Alliance Insurance Agency Whitlock & Devore Urology ... Physician Palmetto Physical Therapy Physician McCulloh Therapeutic Solutions Physician ATS Kids Greenville Physician

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

900

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office building in Greer, South Carolina, with recent upgrades.

Where is this office building located?

The property is located at 420 The Pkwy Greer, SC.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 8% cap rate on current NOI; Roof replaced in 2018; Upstairs HVAC replaced in 2020