Warehouse with Three-Phase Heavy
502 Palmetto Dr Simpsonville, SC 29681
For Sale
Contact for pricing
Warehouse with office space, multiple dock and drive-in doors, suspended gas heat, and heavy 480-volt three-phase power.
Property Size18,000 SF
Price / SF$144.44
Days on Market234
Property Features for 502 Palmetto Dr
General Information
Standard status
Active
Size
18,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Reedy Commercial
(864) 201-2221
Listed By:
Chandler Ayers · License #104450
Source:
Moodyscre
Added: Dec 8, 2025
Changed: Jul 30
Last Checked: Jul 30 at 5:22AM
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 Reedy Commercial
Investment Insights
Based on property information with market context.
This warehouse facility totals 18,000 SF, including 15,000 SF of warehouse/manufacturing space and 3,000 SF of office space. The building includes 2 office restrooms and 4 shop restrooms to support both staff and production or warehouse operations.
Interior clearances include center ceiling heights of 15’–7’ and eaves height of 14’. The property is equipped with heavy power: three-phase 480 volts. Loading includes 4 dock doors and 3 drive-in doors, with multiple dock door and drive-in door size configurations listed in the remarks. The warehouse also features suspended gas heat.
The lot size is 1.5 acres, providing room for site operations alongside the building footprint.
Interior clearances include center ceiling heights of 15’–7’ and eaves height of 14’. The property is equipped with heavy power: three-phase 480 volts. Loading includes 4 dock doors and 3 drive-in doors, with multiple dock door and drive-in door size configurations listed in the remarks. The warehouse also features suspended gas heat.
The lot size is 1.5 acres, providing room for site operations alongside the building footprint.
Key Highlights
- Total 18,000 SF building with 15,000 SF warehouse/manufacturing and 3,000 SF office
- 1.5‑acre lot
- Ceiling heights: center 15’–7” and eaves 14’
Financial Insights For Warehouse
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 | $108.2k | $6.01 |
| − Vacancy | −$9.1k | −$0.50 |
| EGI | $99.1k | $5.51 |
| − OpEx | −$14.9k | −$0.83 |
| NOI | $84.2k | $4.68 |
18,000 SF · lease $6.01/SF/yr · vacancy 8.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.95M
$3.46M – $4.61M
NOI $276,826 @ 7.0% cap · market cap 10.65%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,229 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$7.69M
$6.73M – $8.97M
NOI $538,349 @ 7.0% cap · market cap 20.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Greenville Boat and RV Storage — 1226 Old Stage Rd, Simpsonville, SC 29681
- Trinity Commerce Center — Old Stage Rd, Simpsonville, SC 29681
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space, multiple dock and drive-in doors, suspended gas heat, and heavy 480-volt three-phase power.
Where is this warehouse located?
The property is located at 502 Palmetto Dr Simpsonville, SC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Total 18,000 SF building with 15,000 SF warehouse/manufacturing and 3,000 SF office; 1.5‑acre lot; Ceiling heights: center 15’–7” and eaves 14’
