Mixed-Use Building on North
For Sale
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913 N Main St, Greer, SC 29651
14,200+- SF mixed-use building for sale on North Main.
Property Size14,200 SF
Price / SF$130.28
Days on Market655
Property Features for 913 N Main St
General Information
Standard status
Active
Size
14,200 SF
Property subtype
Retail, Industrial
Zoning
CITY OF GREER CG (COMMERCIAL GENERAL)
Listing Agency:
Langston Black Real Estate
(864) 848-9070
Listed By:
Chuck Langston · License #SC 17054
Source:
Crexi
Added: Nov 14, 2024
Changed: Aug 17
Last Checked: Aug 29 at 10:27PM
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
Investment Insights
Based on property information with market context.
This 14,200+- square foot mixed-use building is available for sale. It is located on North Main Street (Hwy 14) in Greer. The property features eight offices, a 12’x13.8’ drive-in door, a breakroom, and two restrooms. The layout includes an open retail/office area, a conference room, and a tech/storage room. Additionally, the property includes a 5,465+- square foot warehouse.
Key Highlights
- 14,200+- sf building
- Located on North Main Street (Hwy 14) in Greer
- 5,465+- sf warehouse
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
$146,970
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
7.94%
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%
$2,939,400
$2.9M
Cap Rate 7%
$2,099,571
$2.1M
Cap Rate 9%
$1,633,000
$1.6M
Market Conditions
NOI Build-Up for 14,200 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
$255.6K $18.00/SF
− Vacancy
−$20.4K −$1.44/SF
EGI
$235.2K $16.56/SF
− OpEx
−$88.2K −$6.21/SF
NOI
$147.0K $10.35/SF
Area
Greenville County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,939,400
Cap Rate 7%
$2,099,571
Cap Rate 9%
$1,633,000
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,385 @ 7.0% cap · market cap 11.80%
Second Best
Retail
$3.01M
$2.63M – $3.51M
NOI $210,424 @ 7.0% cap · market cap 11.37%
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,698 @ 7.0% cap · market cap 22.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 14,200+- SF mixed-use building for sale on North Main.
Where is this mixed-use property located?
The property is located at 913 N Main St Greer, SC.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 14,200+- sf building; Located on North Main Street (Hwy 14) in Greer; 5,465+- sf warehouse
