Downtown Greer Two-Story Brick
For Sale
Contact for pricing
118 Victoria Street, Greer, SC 29651
Two-story brick building in downtown Greer with retail and office.
Property Size7,700 SF
Price / SF$318.18
Days on Market674
Property Features for 118 Victoria Street
General Information
Standard status
Active
Size
7,700 SF
Total Parking Spaces
340
Property subtype
Retail, Office
Zoning
GS
Building Details
Buildings
1
Stories
2
Units
5
Listing Agency:
Langston Black Real Estate
Listed By:
Chuck Langston · License #SC 17054
(864) 848-9070
Source:
Crexi
Added: Dec 10, 2024
Changed: Oct 8
Last Checked: Oct 14 at 11:55PM
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 Langston Black Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,700+- square foot two-story brick building is located in downtown Greer. The first floor is occupied by a salon. The second floor is divided into four office suites. The property is zoned City of Greer GS (Greer Station Downtown). A parking lot is located behind the building, but it is not included in the sale. The property represents a portion of tax map G020.00-06-002.00.
Key Highlights
- 7,700+- sf two‑story brick building in downtown Greer
- Zoned City of Greer GS (Greer Station Downtown)
- Salon occupies the entire first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,420
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,368,400
$2.4M
Cap Rate 7%
$1,691,714
$1.7M
Cap Rate 9%
$1,315,778
$1.3M
Market Conditions
NOI Build-Up for 7,700 SF
Gross rent
$177.4K $23.04/SF
− Vacancy
−$19.5K −$2.53/SF
EGI
$157.9K $20.51/SF
− OpEx
−$39.5K −$5.13/SF
NOI
$118.4K $15.38/SF
Area
Greenville County, SC
Vacancy
11.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,368,400
Cap Rate 7%
$1,691,714
Cap Rate 9%
$1,315,778
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,420 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$1.63M
$1.43M – $1.90M
NOI $114,103 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,294 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 29651, SC
50,778
Population
21,738
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
89.6 sq mi
ZIP Area
567
Density / Sq Mi
$80,748
Median Household Income
$47,077
Median Earnings
$1,021
Median Rent
$264,200
Median Home Value
Check the figures for this property
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?
Mixed-use property - Two-story brick building in downtown Greer with retail and office.
Where is this mixed-use property located?
The property is located at 118 Victoria Street Greer, SC.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 7,700+- sf two‑story brick building in downtown Greer; Zoned City of Greer GS (Greer Station Downtown); Salon occupies the entire first floor
