Front Row Office
For Sale
Contact for pricing
7 Davis Keats Dr, Greenville, SC 29607
Front row office unit with about 1.5 levels and four parking spaces, fully leased through November 2027.
Property Size1,998 SF
Price / SF$237.74
Days on Market83
Property Features for 7 Davis Keats Dr
General Information
Standard status
Active
Size
1,998 SF
Total Parking Spaces
4
Property subtype
OFFICE
Zoning
S1
Occupancy
100%
Additional Details
Highway Access
Yes
Listing Agency:
Joyner Commercial
(864) 233-7724
Listed By:
Hope Tz Schmalzl, CCIM
(864) 630-0352
Source:
Moodyscre
Added: Jun 15
Changed: Aug 8
Last Checked: Sep 4 at 6:15PM
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 Joyner Commercial
Investment Insights
Based on property information with market context.
This front row office unit offers approximately 1.5 levels of space and is fully leased through November 2027. The unit includes four parking spaces, including handicap parking, with additional overflow noted.
Located at 7 Davis Keats Dr in Greenville, SC, the office park provides easy access to I-385 and I-85 via a nearby signal. The property is zoned S1 for Greenville County. Tax Map # 0547100100400. 2025 taxes were reported as $3,574.29, and the offering price is $475,000.
Located at 7 Davis Keats Dr in Greenville, SC, the office park provides easy access to I-385 and I-85 via a nearby signal. The property is zoned S1 for Greenville County. Tax Map # 0547100100400. 2025 taxes were reported as $3,574.29, and the offering price is $475,000.
Key Highlights
- +/- 1,998 SF front row office unit with about 1.5 levels
- Fully leased through November 2027
- Includes 4 parking spaces, including handicap, with plenty of overflow
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
$30,728
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
6.47%
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%
$614,560
$614.6K
Cap Rate 7%
$438,971
$439.0K
Cap Rate 9%
$341,422
$341.4K
Market Conditions
NOI Build-Up for 1,998 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
$46.0K $23.04/SF
− Vacancy
−$5.1K −$2.53/SF
EGI
$41.0K $20.51/SF
− OpEx
−$10.2K −$5.13/SF
NOI
$30.7K $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%
$614,560
Cap Rate 7%
$438,971
Cap Rate 9%
$341,422
Alternative Uses
Best Use
Office B
$439.0K
$384.1K – $512.1K
NOI $30,728 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.7K
$747.0K – $996.0K
NOI $59,757 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 29607, SC
44,216
Population
22,288
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
1,525
Density / Sq Mi
$69,249
Median Household Income
$46,549
Median Earnings
$1,339
Median Rent
$315,100
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 units - Front row office unit with about 1.5 levels and four parking spaces, fully leased through November 2027.
Where is this office units located?
The property is located at 7 Davis Keats Dr Greenville, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: +/- 1,998 SF front row office unit with about 1.5 levels; Fully leased through November 2027; Includes 4 parking spaces, including handicap, with plenty of overflow
