Two-Unit Retail/Office
420 The Parkway Greer, SC 29650
For Sale
Contact for pricing
Two retail or office units offered in Thornblade Plaza for sale.
Property Size2,756 SF
Price / SF$253.63
Days on Market148
Property Features for 420 The Parkway
General Information
- Standard status
- Active
- Size
- 2,756 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2002
Listing Agency:
KDS Caine Commercial Real Estate
Listed By:
Rickey Heaton · License #SC 78269
Source:
Crexi
Added: Feb 27
Changed: Jul 23
Last Checked: Jul 24 at 4:54PM
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 KDS Caine Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering includes two retail or office units in Thornblade Plaza. The property is being sold as a combined opportunity with a total size of 2,756 square feet.
The units are located at 420 The Parkway in Greer, South Carolina.
For buyers or tenants seeking a two-door configuration within a shared plaza setting, this property provides the flexibility of separate unit spaces under one ownership offering.
The units are located at 420 The Parkway in Greer, South Carolina.
For buyers or tenants seeking a two-door configuration within a shared plaza setting, this property provides the flexibility of separate unit spaces under one ownership offering.
Key Highlights
- Two retail or office units in Thornblade Plaza
- Year built: 2002
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 | $63.5k | $23.04 |
| − Vacancy | −$7.0k | −$2.53 |
| EGI | $56.5k | $20.51 |
| − OpEx | −$14.1k | −$5.13 |
| NOI | $42.4k | $15.38 |
2,756 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$605.5K
$529.8K – $706.4K
NOI $42,385 @ 7.0% cap · market cap 6.06%
Second Best
Retail
$583.4K
$510.5K – $680.7K
NOI $40,840 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,427 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assure Alliance
Insurance Agency
Whitlock & Devore Urology ...
Physician
Palmetto Physical Therapy
Physician
McCulloh Therapeutic Solutions
Physician
ATS Kids Greenville
Physician
FAQs
What type of property is this?
Office units - Two retail or office units offered in Thornblade Plaza for sale.
Where is this office units located?
The property is located at 420 The Parkway Greer, SC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two retail or office units in Thornblade Plaza; Year built: 2002
