Former Bank with Service
802 Bypass 25 NE Greenwood, SC 29646
For Sale
Contact for pricing
Former bank building with office space and a rear heated and cooled service area currently used for motorcycle repair.
Property Size5,252 SF
Lot Size3.42 Acres
Price / SF$127.36
Days on Market102
Property Features for 802 Bypass 25 NE
General Information
- Standard status
- Active
- Size
- 5,252 SF
- Lot size
- 3.42 Acres
- Property subtype
- Industrial, Mixed Use, Office
Building Details
- Year Built
- 1974
Listing Agency:
McClendon Realty LLC
(864) 720-4146
Listed By:
David Walsh · License #140410
Source:
Crexi
Added: Apr 13
Changed: Jul 23
Last Checked: Jul 23 at 8:20AM
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 McClendon Realty LLC
Investment Insights
Based on property information with market context.
The offering includes a former bank building with steel and masonry construction. The building contains numerous offices, four bathrooms, and a rear heated and cooled service area currently used as a motorcycle repair shop.
The property is located on the NE corner of By-Pass 25 NE and Commerce Cir, just north of Emerald Rd, with approximately 440 feet of road frontage. The site sits just outside the city limits for lower property taxes.
The sale comprises two contiguous lots totaling 3.42 acres, zoned I-1. The owner-occupied property will convey vacant, and plat maps and zoning information are available under the document tab; please arrange an appointment with the listing agent prior to entry.
The property is located on the NE corner of By-Pass 25 NE and Commerce Cir, just north of Emerald Rd, with approximately 440 feet of road frontage. The site sits just outside the city limits for lower property taxes.
The sale comprises two contiguous lots totaling 3.42 acres, zoned I-1. The owner-occupied property will convey vacant, and plat maps and zoning information are available under the document tab; please arrange an appointment with the listing agent prior to entry.
Key Highlights
- Former bank building (1974) with steel and masonry construction on 3.42 acres
- Two contiguous lots zoned I‑1 with approximately 440' of road frontage on By‑Pass 25 NE and Commerce Cir
- Building includes numerous offices, four bathrooms, and a rear heated and cooled service area used for motorcycle repair
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $9.00 |
| − Vacancy | −$3.1k | −$0.59 |
| EGI | $44.2k | $8.42 |
| − OpEx | −$13.3k | −$2.52 |
| NOI | $30.9k | $5.89 |
5,252 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,617 @ 7.0% cap · market cap 13.40%
Second Best
Industrial
$442.0K
$386.7K – $515.6K
NOI $30,937 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,490 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Motorcycle Depot SC, ...
Auto Repair Shop
SCM Office Systems
Tech Support Center
FAQs
What type of property is this?
Office building - Former bank building with office space and a rear heated and cooled service area currently used for motorcycle repair.
Where is this office building located?
The property is located at 802 Bypass 25 NE Greenwood, SC.
What is the asking price?
The asking price for this property is $668,900.
What are key features of this property?
This property features: Former bank building (1974) with steel and masonry construction on 3.42 acres; Two contiguous lots zoned I‑1 with approximately 440' of road frontage on By‑Pass 25 NE and Commerce Cir; Building includes numerous offices, four bathrooms, and a rear heated and cooled service area used for motorcycle repair
