Postal Service Office
616 F R Huff Drive, Saint Matthews, SC 29135
For Sale
New
Contact for pricing
Masonry construction, a loading dock, three-phase power, and fenced on-site parking support the building’s office and flex configuration.
Property Size4,813 SF
Price / SF$140.25
Days on Market5
Property Features for 616 F R Huff Drive
General Information
Standard status
Size
Property subtype
Net Operating Income
Additional Details
Cap Rate
Tenant in Place
Property Use
Amenities
loading dock
central heating and air
3 phase power
Building Details
Buildings
Building Size
Construction
Tenancy
Listing Agency:
Harbor Commercial Partners
Listed By:
Crawford Riddle · License #SC 130225
(864) 423-4973
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:21PM
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 Harbor Commercial Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,813-square-foot masonry office/flex building is occupied by the United States Postal Service under a modified gross lease. Building features include a loading dock, central heating and air conditioning, three-phase power, and fenced parking on site.
The property is located in downtown St. Matthews, South Carolina. Its in-place cap rate is 6.32%.
The property is located in downtown St. Matthews, South Carolina. Its in-place cap rate is 6.32%.
Key Highlights
- 4,813 SF masonry office/flex building
- Leased to the United States Postal Service under a modified gross lease
- Loading dock and central heating and air conditioning throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,178
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,560
$1.1M
Cap Rate 7%
$816,829
$816.8K
Cap Rate 9%
$635,311
$635.3K
Market Conditions
NOI Build-Up for 4,813 SF
Gross rent
$92.4K $19.20/SF
− Vacancy
−$16.2K −$3.36/SF
EGI
$76.2K $15.84/SF
− OpEx
−$19.1K −$3.96/SF
NOI
$57.2K $11.88/SF
Area
Calhoun County, SC
Vacancy
17.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,560
Cap Rate 7%
$816,829
Cap Rate 9%
$635,311
Alternative Uses
Best Use
Office B
$816.8K
$714.7K – $953.0K
NOI $57,178 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,961 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 29135, SC
8,074
Population
3,990
Households
2
Avg Household Size
47
Median Age
22%
College-Educated
86%
High-School Grad
193.6 sq mi
ZIP Area
42
Density / Sq Mi
$54,081
Median Household Income
$34,298
Median Earnings
$1,011
Median Rent
$151,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Masonry construction, a loading dock, three-phase power, and fenced on-site parking support the building’s office and flex configuration.
Where is this office building located?
The property is located at 616 F R Huff Drive Saint Matthews, SC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,813 SF masonry office/flex building; Leased to the United States Postal Service under a modified gross lease; Loading dock and central heating and air conditioning throughout
