Freestanding Office Building For
For Sale
Contact for pricing
Pending
5 Hawthorne Park Ct, Greenville, SC 29615
Freestanding office building in desirable Eastside office corridor.
Property Size6,046 SF
Days on Market141
Property Features for 5 Hawthorne Park Ct
General Information
Standard status
Pending
Size
6,046 SF
Class
B
Total Parking Spaces
30
Property subtype
Office
Zoning
Planned Office Development
Lease Type
NNN
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Trinity Partners
(864) 554-4954
Listed By:
Anthony Porchetta · License #132458
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Jul 25 at 1:00PM
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 Trinity Partners
Investment Insights
Based on property information with market context.
Available for sale or lease, this freestanding office building offers approximately 6,064 square feet of space. The well-maintained property is situated in a desirable Eastside office corridor, located minutes from the Patewood medical campus. The property presents a professional setting suitable for an owner-occupant law firm, CPA practice, wealth management group, or other professional services. The building's layout and location also present strong potential for medical office conversion.
Key Highlights
- Highly desirable Eastside location, minutes from Patewood medical campus.
- Freestanding office building with ±6,064 SF.
- Suitable for owner‑occupant or lease.
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
$92,983
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
5.64%
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%
$1,859,660
$1.9M
Cap Rate 7%
$1,328,329
$1.3M
Cap Rate 9%
$1,033,144
$1.0M
Market Conditions
NOI Build-Up for 6,046 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
$139.3K $23.04/SF
− Vacancy
−$15.3K −$2.53/SF
EGI
$124.0K $20.51/SF
− OpEx
−$31.0K −$5.13/SF
NOI
$93.0K $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 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%
$1,859,660
Cap Rate 7%
$1,328,329
Cap Rate 9%
$1,033,144
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,983 @ 7.0% cap · market cap 5.64%
Second Best
Healthcare Medical
$284.8K
$249.2K – $332.3K
NOI $19,937 @ 7.0% cap · market cap 1.21%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,825 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 29615, SC
38,684
Population
19,687
Households
2
Avg Household Size
40
Median Age
52%
College-Educated
96%
High-School Grad
19.2 sq mi
ZIP Area
2,015
Density / Sq Mi
$74,200
Median Household Income
$44,960
Median Earnings
$1,203
Median Rent
$348,600
Median Home Value
Market
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building in desirable Eastside office corridor.
Where is this office building located?
The property is located at 5 Hawthorne Park Ct Greenville, SC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Highly desirable Eastside location, minutes from Patewood medical campus.; Freestanding office building with ±6,064 SF.; Suitable for owner‑occupant or lease.
