Flex Space with Laydown
New
For Sale
$1,265,000
709 Highway 17, Piedmont, SC 29673
Renovated flex space includes on-site parking and a separate laydown yard available at additional cost.
Property Size11,000 SF
Lot Size4.80 Acres
Price / SF$115
Days on Market3
Property Features for 709 Highway 17
General Information
Standard status
Active
Size
11,000 SF
Lot size
4.80 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Property Use
Flex
Building Details
Building Size
11,000 SF
Year Built
1977
Year Renovated
2017
Listing Agency:
Lee & Associates | Greenville/Spartanburg
Listed By:
P. Randall Bentley, SIOR, CCIM · License #SC #2953
(864) 444-2842
Source:
Lee-associates
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 6:36AM
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/Spartanburg
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Investment Insights
Based on property information with market context.
The flex/industrial property at 709 Highway 17 in Piedmont, South Carolina, contains approximately 11,000 SF and was renovated in 2017. Built in 1977, it sits on approximately 4.8 acres and includes on-site parking. A laydown yard of approximately 3.5 acres is available at additional cost.
The property is approximately 2.6 miles from I-85 Exit 35.
The property is approximately 2.6 miles from I-85 Exit 35.
Key Highlights
- Approximately 11,000 SF of flex/industrial space
- Renovated in 2017; originally built in 1977
- Situated on approximately 4.8 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,390
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,800
$847.8K
Cap Rate 7%
$605,571
$605.6K
Cap Rate 9%
$471,000
$471.0K
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$66.1K $6.01/SF
− Vacancy
−$5.6K −$0.50/SF
EGI
$60.6K $5.51/SF
− OpEx
−$18.2K −$1.65/SF
NOI
$42.4K $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%
$847,800
Cap Rate 7%
$605,571
Cap Rate 9%
$471,000
Alternative Uses
Best Use
Industrial
$605.6K
$529.9K – $706.5K
NOI $42,390 @ 7.0% cap · market cap 3.35%
Second Best
Flex RnD
$561.4K
$491.2K – $654.9K
NOI $39,296 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,991 @ 7.0% cap · market cap 26.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29673, SC
29,898
Population
12,585
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
87%
High-School Grad
70.6 sq mi
ZIP Area
423
Density / Sq Mi
$69,630
Median Household Income
$42,742
Median Earnings
$1,024
Median Rent
$225,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Greenville County, SC
Properties on Market for Flex space in Greenville County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space includes on-site parking and a separate laydown yard available at additional cost.
Where is this flex space located?
The property is located at 709 Highway 17 Piedmont, SC.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: Approximately 11,000 SF of flex/industrial space; Renovated in 2017; originally built in 1977; Situated on approximately 4.8 acres
