Former Bank with Service
For Sale
$668,900
802 NE By Pass 25, Greenwood, SC 29646
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 Market183
Property Features for 802 NE By Pass 25
General Information
Standard status
Active
Size
5,252 SF
Lot size
3.42 Acres
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1974
Construction
steel and masonry
Listing Agency:
McClendon Realty LLC
Listed By:
David Walsh · License #140410
(864) 720-4146
Source:
Adamtaylorteam
Added: Apr 24
Changed: Oct 11
Last Checked: Oct 7 at 3:31PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$30,937
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,740
$618.7K
Cap Rate 7%
$441,957
$442.0K
Cap Rate 9%
$343,744
$343.7K
Market Conditions
NOI Build-Up for 5,252 SF
Gross rent
$47.3K $9.00/SF
− Vacancy
−$3.1K −$0.59/SF
EGI
$44.2K $8.42/SF
− OpEx
−$13.3K −$2.52/SF
NOI
$30.9K $5.89/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,740
Cap Rate 7%
$441,957
Cap Rate 9%
$343,744
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 29646, SC
26,783
Population
12,316
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
84%
High-School Grad
101.4 sq mi
ZIP Area
264
Density / Sq Mi
$41,669
Median Household Income
$37,556
Median Earnings
$818
Median Rent
$130,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 NE By Pass 25 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
