Multi-Suite Flex
For Sale
$799,900
463 Calhoun, Greenwood, SC 29646
Three existing spaces support office, retail, or light industrial occupancy.
Property Size6,000 SF
Price / SF$133.32
Days on Market227
Property Features for 463 Calhoun
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Additional Details
Property Use
Flex
Building Details
Year Built
1989
Building Size
6,000 SF
Tenancy
Multi
Listing Agency:
Epique Realty
Listed By:
Rick Stroud
(864) 479-1189
Source:
Greathomessc
Added: Mar 17
Changed: Oct 28
Last Checked: Oct 28 at 3:58PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
Built in 1989, this 6,000-square-foot flex property at 463 Calhoun in Greenwood is configured as three units: a 3,000-square-foot suite and two 1,500-square-foot suites. The layout may also be reworked to create four units. The property can accommodate office, retail, or light industrial uses.
The parking lot has been resurfaced, providing on-site parking for tenants and visitors.
The parking lot has been resurfaced, providing on-site parking for tenants and visitors.
Key Highlights
- 6,000 sq ft total
- Three units: one 3,000 sq ft space and two 1,500 sq ft units
- Potential to reconfigure the property into 4 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,343
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,860
$706.9K
Cap Rate 7%
$504,900
$504.9K
Cap Rate 9%
$392,700
$392.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$54.0K $9.00/SF
− Vacancy
−$3.5K −$0.59/SF
EGI
$50.5K $8.42/SF
− OpEx
−$15.1K −$2.52/SF
NOI
$35.3K $5.89/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,860
Cap Rate 7%
$504,900
Cap Rate 9%
$392,700
Alternative Uses
Best Use
Industrial
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$395.4K
$345.9K – $461.3K
NOI $27,675 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,938 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29646, SC
26,783
Population
12,316
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
84%
High-School Grad
101.4 sq mi
ZIP Area
264
Density / Sq Mi
$41,669
Median Household Income
$37,556
Median Earnings
$818
Median Rent
$130,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three existing spaces support office, retail, or light industrial occupancy.
Where is this flex space located?
The property is located at 463 Calhoun Greenwood, SC.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 6,000 sq ft total; Three units: one 3,000 sq ft space and two 1,500 sq ft units; Potential to reconfigure the property into 4 units
