Mixed-Use
For Sale
$2,200,000
709 N Main St, Greenville, SC 29609
The property carries MX-3 zoning under the City of Greenville.
Property Size5,000 SF
Days on Market11
Property Features for 709 N Main St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail - Freestanding
Building Details
Building Size
5,000 SF
Listing Agency:
Trinity Partners - Greenville
Listed By:
Edward Wilson, CCIM, SIOR, MCR · License #81471
(864) 554-4954
Source:
Commercialcafe
Added: Aug 30
Changed: Sep 8
Last Checked: Sep 8 at 8:05AM
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 - Greenville
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 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
Market
Vacancy Rate% for Retail 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?
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
