Industrial Building For
For Sale
$6,250,000
5159 Pelham Rd, Greenville, SC 29615
53,333 SF industrial building in Greenville, SC for sale.
Property Size53,333 SF
Price / SF$117.19
Days on Market202
Property Features for 5159 Pelham Rd
General Information
Standard status
Active
Size
53,333 SF
Property subtype
Industrial
Building Details
Building Size
53,333 SF
Year Built
1980
Listing Agency:
Lee & Associates - Greenville
Listed By:
Kevin Bentley, SIOR · License #SC #37618
(864) 444-1196
Source:
Lee-associates
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 12 at 6:57PM
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 is a 53,333 square foot industrial building for sale. It is located at 5159 Pelham Rd in Greenville, SC, in a prime Greenville County location, approximately 10.5 miles from I-85.
Key Highlights
- Prime Greenville County location
- ±53,333 SF Industrial Building
- Located ±0.5 miles from I‑85
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,525
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,110,500
$4.1M
Cap Rate 7%
$2,936,071
$2.9M
Cap Rate 9%
$2,283,611
$2.3M
Market Conditions
NOI Build-Up for 53,333 SF
Gross rent
$320.5K $6.01/SF
− Vacancy
−$26.9K −$0.50/SF
EGI
$293.6K $5.51/SF
− OpEx
−$88.1K −$1.65/SF
NOI
$205.5K $3.85/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,110,500
Cap Rate 7%
$2,936,071
Cap Rate 9%
$2,283,611
Alternative Uses
Best Use
Industrial
$2.94M
$2.57M – $3.43M
NOI $205,525 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.79M
$19.94M – $26.58M
NOI $1,595,098 @ 7.0% cap · market cap 25.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
449
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Greenville, SC
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Frequently Asked Questions
What type of property is this?
Industrial property - 53,333 SF industrial building in Greenville, SC for sale.
Where is this industrial property located?
The property is located at 5159 Pelham Rd Greenville, SC.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Prime Greenville County location; ±53,333 SF Industrial Building; Located ±0.5 miles from I‑85
