Flex Building with
New
For Sale
$1,350,000
6340 White Horse Rd, Greenville, SC 29611
C-1 zoning, multiple entrances, and rear loading support varied commercial layouts.
Property Size20,300 SF
Price / SF$67.50
Days on Market2
Property Features for 6340 White Horse Rd
General Information
Standard status
Active
Size
20,300 SF
Total Parking Spaces
33
Property subtype
Industrial
Zoning
C-1
Site & Location
Corner Location
No
Traffic Count
29,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Dock-High Doors
1
Building Details
Building Size
20,300 SF
Year Built
1995
Buildings
1
Listing Agency:
KW Commercial
(864) 422-9510
Listed By:
Brent Edgerton
(864) 422-9510
Source:
Thebrokerlist
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 18 at 9:04AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This 20,000+/- SF flex property combines retail showroom space with warehouse area in a building constructed in 1995. The layout includes four front pedestrian entrances, two firewalls that can support separation into multiple tenant areas, and one dock door. LED fixtures have been installed throughout most of the interior, and the bathroom has been newly tiled. HVAC and roof inspection reports are available upon request.
The property provides access from three sides, a double curb cut on White Horse Road, and an additional access road connected to a signalized intersection. On-site parking includes 33 spaces along the front, side, and rear, with an overflow parking agreement also in place. The site has over 100 feet of road frontage and reported traffic exceeding 29,800 vehicles per day. It is approximately 6 miles from Interstate 85 and less than 5 minutes from Downtown Greenville and Travelers Rest.
The property provides access from three sides, a double curb cut on White Horse Road, and an additional access road connected to a signalized intersection. On-site parking includes 33 spaces along the front, side, and rear, with an overflow parking agreement also in place. The site has over 100 feet of road frontage and reported traffic exceeding 29,800 vehicles per day. It is approximately 6 miles from Interstate 85 and less than 5 minutes from Downtown Greenville and Travelers Rest.
Key Highlights
- 20,000+/- SF flex property with retail showroom and warehouse areas
- One dock door and rear space for transfer truck maneuvering
- 33 parking spaces across the front, side, and rear of the property
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
$93,588
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
6.93%
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%
$1,871,760
$1.9M
Cap Rate 7%
$1,336,971
$1.3M
Cap Rate 9%
$1,039,867
$1.0M
Market Conditions
NOI Build-Up for 20,000 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
$120.2K $6.01/SF
− Vacancy
−$10.1K −$0.50/SF
EGI
$110.1K $5.51/SF
− OpEx
−$16.5K −$0.83/SF
NOI
$93.6K $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%
$1,871,760
Cap Rate 7%
$1,336,971
Cap Rate 9%
$1,039,867
Alternative Uses
Best Use
Retail
$4.23M
$3.70M – $4.94M
NOI $296,372 @ 7.0% cap · market cap 21.95%
Second Best
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,588 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$8.55M
$7.48M – $9.97M
NOI $598,166 @ 7.0% cap · market cap 44.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
29,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29611, SC
32,413
Population
14,620
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
78%
High-School Grad
23.9 sq mi
ZIP Area
1,356
Density / Sq Mi
$47,046
Median Household Income
$32,272
Median Earnings
$1,092
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Industrial in Greenville, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C-1 zoning, multiple entrances, and rear loading support varied commercial layouts.
Where is this flex space located?
The property is located at 6340 White Horse Rd Greenville, SC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 20,000+/- SF flex property with retail showroom and warehouse areas; One dock door and rear space for transfer truck maneuvering; 33 parking spaces across the front, side, and rear of the property
