Brick Flex Space with Industrial
For Sale
$399,000
910 Edgefield Street, Greenwood, SC 29646
CommercialSale, Greenwood, SC
Property Size8,200 SF
Lot Size0.95 Acres
Price / SF$48.66
Days on Market97
Property Features for 910 Edgefield Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot, Level
Directions
USE GPS
Subdivision
520-Greenwood County, SC
Standard status
Active
APN
6845-923-669
Lot size
0.95 Acres
Utilities
Heating system
Wood, Natural Gas, Wood Stove, Oil
Cooling system
Central Air
Amenities
conference rooms
on-site washing station
Building Details
Year built
1955
Floors in Building
2
Flooring type
Concrete
Building materials
Brick, Block, Concrete
Roof type
Composition, Shingle
Listing Agency:
Epique Realty Inc
(704) 421-4321
Listed By:
Christian Brown · License #147084
(864) 230-3229
Added: May 25
Changed: Aug 21
Last Checked: Aug 29 at 6:06PM
MLS# 20301835
Copyright © 2026 Western Upstate Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick flex space at 910 Edgefield Street is a two-level commercial building with an 8,200 SF total footprint. The upper floor provides 4,100 SF of reception, private offices, conference rooms, storage, and five restrooms. The lower floor contains 4,100 SF of industrial/flex area arranged as two warehouse or workshop bays, with clear-span space and two overhead drive-in doors.
Operational features include a side-loading dock, a fenced 0.25-acre yard with a vehicle and equipment washing station, and dedicated parking. Bay sizes are 1,850 SF and 2,250 SF, and the bays may be occupied together or separately. The property is located on Edgefield Street, just off Main Street in downtown Greenwood, one-half mile north of the hospital. The site reports daily traffic of 4,800+ VPD and includes a 0.95-acre lot.
Operational features include a side-loading dock, a fenced 0.25-acre yard with a vehicle and equipment washing station, and dedicated parking. Bay sizes are 1,850 SF and 2,250 SF, and the bays may be occupied together or separately. The property is located on Edgefield Street, just off Main Street in downtown Greenwood, one-half mile north of the hospital. The site reports daily traffic of 4,800+ VPD and includes a 0.95-acre lot.
Key Highlights
- 8,200 SF split‑level commercial building with office and industrial/flex areas
- 4,100 SF upper level with reception, private offices, conference rooms, storage, and 5 restrooms
- 4,100 SF lower level with two warehouse/workshop bays and 2 overhead drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,012
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,240
$520.2K
Cap Rate 7%
$371,600
$371.6K
Cap Rate 9%
$289,022
$289.0K
Market Conditions
NOI Build-Up for 8,200 SF
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.
Gross rent
$43.3K $5.28/SF
− Vacancy
−$3.3K −$0.40/SF
EGI
$40.0K $4.88/SF
− OpEx
−$14.0K −$1.71/SF
NOI
$26.0K $3.17/SF
Area
Greenwood County, SC
Vacancy
7.57%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,240
Cap Rate 7%
$371,600
Cap Rate 9%
$289,022
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,920 @ 7.0% cap · market cap 35.07%
Second Best
Warehouse
$837.9K
$733.2K – $977.6K
NOI $58,653 @ 7.0% cap · market cap 14.70%
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,316 @ 7.0% cap · market cap 45.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Split-level commercial building combines client-facing offices, warehouse bays, drive-in access, and secured outdoor storage.
Where is this flex space located?
The property is located at 910 Edgefield Street Greenwood, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 8,200 SF split‑level commercial building with office and industrial/flex areas; 4,100 SF upper level with reception, private offices, conference rooms, storage, and 5 restrooms; 4,100 SF lower level with two warehouse/workshop bays and 2 overhead drive‑in doors
