Rail-Served Distribution
New
For Sale
$11,000,000
49 Donkle Rd, Greenville, SC 29609
Industrial facility with rail access, loading infrastructure, and a secured paved outdoor storage area.
Property Size146,322 SF
Price / SF$75.18
Days on Market1
Property Features for 49 Donkle Rd
General Information
Standard status
Active
Size
146,322 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
22
Rail Access
Yes
Building Details
Building Size
146,322 SF
Construction
precast concrete
Listing Agency:
Lee & Associates - Greenville
Listed By:
Micah Williams · License #SC #125472
(864) 477-0455
Source:
Lee-associates
Added: Sep 2
Last Checked: Sep 2 at 1:56PM
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 Lee & Associates - Greenville
Investment Insights
Based on property information with market context.
This 146,322 SF distribution center in Greenville, South Carolina includes rail service, 22 dock doors, and a fenced, paved laydown yard. Fourteen of the dock positions have pit levelers, supporting varied loading requirements. The building is constructed with precast concrete and is located at 49 Donkle Rd.
Key Highlights
- ±146,322 SF industrial building
- Rail‑served facility at 49 Donkle Rd
- 22 dock doors, including 14 with pit levelers
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
$684,697
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
6.22%
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%
$13,693,940
$13.7M
Cap Rate 7%
$9,781,386
$9.8M
Cap Rate 9%
$7,607,744
$7.6M
Market Conditions
NOI Build-Up for 146,322 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
$879.4K $6.01/SF
− Vacancy
−$73.9K −$0.50/SF
EGI
$805.5K $5.51/SF
− OpEx
−$120.8K −$0.83/SF
NOI
$684.7K $4.68/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
15.00%
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%
$13,693,940
Cap Rate 7%
$9,781,386
Cap Rate 9%
$7,607,744
Alternative Uses
Best Use
Warehouse
$9.78M
$8.56M – $11.41M
NOI $684,697 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$8.06M
$7.05M – $9.40M
NOI $563,868 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$62.52M
$54.70M – $72.94M
NOI $4,376,240 @ 7.0% cap · market cap 39.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22
Dock-high doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
Market
Vacancy Rate% for Industrial in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility with rail access, loading infrastructure, and a secured paved outdoor storage area.
Where is this distribution center located?
The property is located at 49 Donkle Rd Greenville, SC.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: ±146,322 SF industrial building; Rail‑served facility at 49 Donkle Rd; 22 dock doors, including 14 with pit levelers
