Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Bank Branch with Drive-Thru Title is generated by Realmo AI

    500 N Main St, Mauldin, SC 29662

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Well-positioned bank branch in high-growth Mauldin, SC.

    Type:Retail
    Property size:
    3,509 SF
    Price / SF:
    $327/SF
    Added:
    May 7, 2024
    Days on Market:
    755
    Last Refresh:
    May 13 at 8:08 pm

    Property Features for 500 N Main St

    General Information

    Standard status
    Active
    Size
    3,509 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    Josh Seibert

    Listing agent Josh Seibert License #137375

    Listing office Colliers - Greenville, South Carolina

    Listing date May 7, 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 Colliers - Greenville, South Carolina

    HighLights

    • High‑growth sub‑market of Greenville, SC (3.69% annual population growth since 2020).
    • Freestanding bank branch in a desirable, growing downtown area.
    • Excellent brand visibility on a busy corridor (±47,600 VPD).
    • Four drive‑thru lanes.
    • Well‑positioned location targeted by developers and business operators.
    • Built in 1967.

    Overview

    The property at 500 N. Main is a freestanding bank branch located in Mauldin, South Carolina, a high-growth sub-market of Greenville. The area has experienced a 3.69% annual population growth within a 2-mile radius since 2020, making it a desirable location for developers and business operators. The property includes four drive-thru lanes. Situated on a busy corridor with approximately 47,600 vehicles per day, the location provides excellent brand visibility within the up-and-coming Mauldin downtown area. The building has a size of 3,509 square feet. Note that Wells Fargo reserves the right to reject any and all offers. The property will be conveyed subject to a deed restriction prohibiting its use as a Financial Services Business for a period of two years from the date of transfer. Financial Services Business shall mean any person or entity that accepts deposits, originates loans, cashes checks, provides automated teller machine services, offers trust services, sells stocks, bonds or mutual funds, or provides investment advice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo ATM Atm Cruise Corner Travel Agency Clarity Pool Management General Contractor Wells Fargo Advisors Financial Advisor Jeffery B Montjoy ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mauldin
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.312302
    Latitude
    34.785625

    Nearby Similar for Sale

    • $2,685,200
      950 SF

      Drive-Thru Investment Opportunity

      Net lease investment opportunity with a national brand tenant.
      203 South Main Street, Mauldin, SC 29662
      View Details
    • $3,200,000
      20,775 SF

      Multi-Tenant Industrial/Flex Property For Sale

      20,775 SF multi-tenant industrial/flex property on 2.81 acres.
      323 New Neely Ferry Rd, Mauldin, SC 29662
      View Details
    • $299,000
      1,800 SF

      Mauldin Office Building For Sale

      Office building with private offices, conference room, and break area.
      108 Renaissance Cir, Mauldin, SC
      View Details
    • $299,000
      1,800 SF

      Two Office Buildings For Sale

      Two-story office buildings in master-planned park, ideal for investors.
      102 Renaissance Cir, Mauldin, SC 29662
      View Details
    • $2,861,429
      10,125 SF

      CVS Pharmacy

      CVS Pharmacy in Mauldin, SC with strong corporate guarantee.
      224 E Butler Rd, Mauldin, SC 29662
      View Details
    • $526,000
      26,136 SF

      Former Carwash on Butler Road

      Carwash with 9 bays and 4 vacuums on 0.60 acres.
      207 E Butler Rd, Mauldin, SC 29662
      View Details

    FAQs

    What type of property is this?
    Bank - Well-positioned bank branch in high-growth Mauldin, SC.
    Where is this bank located?
    The property is located at 500 N Main St Mauldin, SC.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: High‑growth sub‑market of Greenville, SC (3.69% annual population growth since 2020).; Freestanding bank branch in a desirable, growing downtown area.; Excellent brand visibility on a busy corridor (±47,600 VPD).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Josh Seibert
    Real Estate License ID: 137375
    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
    500 N Main St, Mauldin, SC 29662
    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!