Mixed-Use
New
For Sale
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709 N Main St, Greenville, SC 29601
The property carries MX-3 zoning under the City of Greenville.
Property Size5,000 SF
Price / SF$440
Days on Market4
Property Features for 709 N Main St
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
20
Property subtype
Retail, Multifamily, Mixed Use
Zoning
MX-3 (City of Greenville)
Building Details
Year Built
1960
Year Renovated
2020
Units
2
Listing Agency:
Trinity Partners
(864) 554-4954
Listed By:
Rakan Draz · License #SC 91192
Source:
Crexi
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 8:58AM
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 Trinity Partners
Investment Insights
Based on property information with market context.
Located at 709 N. Main St in Greenville, the property is a mixed-use asset containing 5,000 square feet. The building was constructed in 1960 and is designated MX-3 by the City of Greenville, providing a defined municipal zoning framework for the site.
Key Highlights
- 5,000‑square‑foot mixed‑use property
- MX‑3 zoning under the City of Greenville
- Located at 709 N. Main St, Greenville, SC 29601
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
$74,093
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
3.37%
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%
$1,481,860
$1.5M
Cap Rate 7%
$1,058,471
$1.1M
Cap Rate 9%
$823,256
$823.3K
Market Conditions
NOI Build-Up for 5,000 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
$109.8K $21.96/SF
− Vacancy
−$4.0K −$0.79/SF
EGI
$105.8K $21.17/SF
− OpEx
−$31.8K −$6.35/SF
NOI
$74.1K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,481,860
Cap Rate 7%
$1,058,471
Cap Rate 9%
$823,256
Alternative Uses
Best Use
Retail
$1.06M
$926.2K – $1.23M
NOI $74,093 @ 7.0% cap · market cap 3.37%
Second Best
Mixed Use
$739.3K
$646.9K – $862.5K
NOI $51,750 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,541 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Dining 32%
Shops & Services 5%
Food Lion Grocery Store
Groceries
27,989 visits/mo
0.5 miles
Burger King
Dining
14,179 visits/mo
0.4 miles
Exxon
Shops & Services
1,999 visits/mo
0.5 miles
Demographics for 29601, SC
13,261
Population
8,067
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
3,157
Density / Sq Mi
$73,321
Median Household Income
$55,727
Median Earnings
$1,406
Median Rent
$583,200
Median Home Value
Market
Vacancy Rate% for Retail in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property carries MX-3 zoning under the City of Greenville.
Where is this mixed-use property located?
The property is located at 709 N Main St Greenville, SC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,000‑square‑foot mixed‑use property; MX‑3 zoning under the City of Greenville; Located at 709 N. Main St, Greenville, SC 29601
