Greer Office Building For
420 The Pkwy Greer, SC
For Sale
Contact for pricing
Office building in Greer, South Carolina, with recent upgrades.
Property Size5,000 SF
Lot Size0.08 Acres
Price / SF$170
Days on Market365
Property Features for 420 The Pkwy
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.08 Acres
Property subtype
OFFICE
Listing Agency:
Avison Young | Greenville
(336) 260-3148
Listed By:
Ned Reynolds · License #108904
(336) 260-3148
Source:
Moodyscre
Added: Jul 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:47AM
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 Avison Young | Greenville
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 For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $23.04 |
| − Vacancy | −$12.7k | −$2.53 |
| EGI | $102.5k | $20.51 |
| − OpEx | −$25.6k | −$5.13 |
| NOI | $76.9k | $15.38 |
5,000 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$961.2K – $1.28M
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
NOI $149,541 @ 7.0% cap · market cap 17.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
