Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Greer Two-Story Brick Building Title is generated by Realmo AI

    118 Victoria St, Greer, SC 29651

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-story brick building in downtown Greer with retail and office.

    Type:Retail, Office
    Property size:
    7,700 SF
    Price / SF:
    $318/SF
    Added:
    Dec 10, 2024
    Days on Market:
    539
    Last Refresh:
    May 12 at 8:27 pm

    Property Features for 118 Victoria St

    General Information

    Standard status
    Active
    Size
    7,700 SF
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    Chuck Langston

    Listing agent Chuck Langston License #SC 17054

    Listing office Langston Black Real Estate

    Listing date Dec 10, 2024

    Source Crexi

    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

    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
    • Second floor split into four office suites
    • Located in the heart of downtown Greer
    • Portion of tax map G020.00‑06‑002.00

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eugenia Bentley Mortgage ... Loan Service Dove Light Photography Photography Service Salutem Organic Massage Alternative Medicine Practice Salon Bellissimo LLC Hair Salon Union Home Mortgage Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.2270321
    Latitude
    34.9375009

    Nearby Similar for Sale

    • $1,600,000
      13,800 SF

      Freestanding Commercial Building on Wade Hampton

      Adaptable commercial building with multi-occupancy flexibility and high visibility.
      14629 E Wade Hampton Boulevard, Greer, SC 29651
      View Details
    • $1,200,000
      10,000 SF

      Renovated Office Building in Greer

      Updated office building with multiple suites and ample parking.
      554 Memorial Drive Extension, Greer, SC 29651
      View Details
    • $265,000
      1,322 SF

      Updated Duplex in Greer, SC

      Turnkey duplex with modern updates, ideal for investors or owner-occupants.
      216 Victor Court, Greer, SC 29651
      View Details
    • $393,000
      2,592 SF

      Like-New Duplex Near Downtown Greer

      Modern duplex investment opportunity with immediate income potential near downtown.
      115/117 Oak Street, Greer, SC 29651
      View Details
    • $33
      12,400 SF

      Retail Development on Brushy Creek

      New retail development in a residential area of Greenville, SC.
      3130 Brushy Creek Road, Greer, SC 29650
      View Details
    • $450,000
      3,360 SF

      Office Suites in Greer, SC

      Office suites for sale in Greer, South Carolina.
      1305 W Poinsett St, Greer, SC
      View Details
    • $1,500,000
      12,000 SF

      Highway 101 Office Building

      Office building with easy access and ample parking.
      1431 Highway 101 S, Greer, SC
      View Details
    • $850,000
      5,000 SF

      Greer Office Building For Sale

      Office building in Greer, South Carolina, with recent upgrades.
      420 The Pkwy, Greer, SC
      View Details
    • Contact for pricing
      263,500 SF

      Class A Distribution Facility

      263,500 SF Class A distribution facility in Greer, SC.
      1080 Freeman Farm Road, Greer, SC 29651
      View Details
    • $1,700,000
      9,700 SF

      Office/Warehouse Space with Basement

      9,700 SF office/warehouse with basement and recent improvements.
      2607 S Hwy 14, Greer, SC
      View Details
    • $475,000
      1,442 SF

      Remodeled Office Space Near Downtown

      Charming, remodeled office space suitable for medical or professional services.
      106 Memorial Dr, Greer, SC 29650
      View Details
    • $525,000
      2,006 SF

      Greer Office Space For Sale

      Office space with existing offices, conference room, and private restrooms.
      107 Regency Commons Dr, Greer, SC
      View Details

    FAQs

    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 St 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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chuck Langston
    Real Estate License ID: SC 17054
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    118 Victoria St, Greer, SC 29651
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!