Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3050 White Horse Rd Greenville, SC 29611

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail building, 2 acres, 44 parking spaces.

    Lot size:
    11,400 SF

    Property Features for 3050 White Horse Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,400 SF
    Total Rate
    125400

    Spaces For Lease

    at 3050 White Horse Rd, Greenville, SC 29611 Contact us
    Unit

    $132 /Mo

    Size
    11,400 SF
    Contact us

    We can help!

    Listing Contact
    Frank Hammond
    Frank Hammond

    Listing Agency: Colliers - Greenville, South Carolina Listing Agent: Frank Hammond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity in Greenville, South Carolina, presents a ±11,400 square foot building situated on a highly visible, signalized corner at the intersection of White Horse Road and Highway 81. The property, encompassing 2.04 acres of land, offers unparalleled accessibility and exposure to a substantial daily traffic volume of approximately 45,000 vehicles on White Horse Road and 13,200 vehicles on Highway 81. Previously utilized as a drug store, the building features a convenient drive-thru window and a dock door, enhancing its operational versatility. Ample parking is provided with 44 spaces to accommodate customers and employees. The roof was replaced approximately 5 years ago. This prime location ensures consistent exposure to a large potential customer base. The property includes Tax Map Numbers: 0223010101400 and 0223010101401. The property taxes are $3.51 per square foot. This is a single-tenancy building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teena D. Royalty, ... Pharmacy higi Physician Bonnie Bagwell Pharmacy Amanda Chan, PharmD Pharmacy

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4406182
    Latitude
    34.8150905

    Nearby Similar for Lease

    • $1,250 /Mo
      8,276 SF

      Downtown Greenville Triplex Residence

      Well-maintained triplex near Main Street with included utilities.
      102 Central Ave, Greenville, SC 29601
      View Details
    • New
      Contact for pricing

      Millport at Butler

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      128 Millport Cir, Greenville, SC 29607
      View Details
    • New
      Contact for pricing

      NOMA Tower

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      220 Main St, Greenville, SC 29601
      View Details
    • Sponsored
      New
      Contact for pricing

      Sapaces Falls Tower

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      355 And, Greenville, SC 29601
      View Details
    • Contact for pricing

      SC, Greenville - E Stone Avenue

      Discover many ways to work your way in Redmond Center
      17 1St St, Greenville, SC 29609
      View Details
    • $23 SF/Yr
      5,000 SF

      Prime Midtown Retail Leasing Opportunity

      Newly renovated retail space in prime Greenville location.
      1411 Laurens Rd, Greenville, SC 29607
      View Details
    • Contact for pricing

      Haywood Mall Retail Opportunity

      Former Sears available for lease in Greenville's largest mall.
      700 Haywood Rd, Greenville, SC 29607
      View Details
    • $425 /Mo
      5,800 SF

      Creative Studio Space in Greenville

      Stand-alone creative studio in Greenville's Arts District for rent.
      46 Lois Ave, Greenville, SC 29611
      View Details
    • $2,750 /Mo
      2,300 SF

      Retail Space Near River Rafting

      Retail space near popular river rafting destination for rent.
      1001 Old Easley Hwy, Greenville, SC 29611
      View Details
    • $12 SF/Yr
      6,500 SF

      Retail Space on Laurens Road

      Retail space for lease in high-traffic Greenville corridor.
      1305 Laurens Rd, Greenville, SC 29607
      View Details
    • $850 /Mo
      4,667 SF

      West Greenville Studio Space Available

      Creative studios and workspaces in dynamic West Greenville neighborhood.
      31 Burdette St, Greenville, SC 29611
      View Details
    • $30 SF/Yr
      2,092 SF

      Downtown Greenville Retail Space

      Prime retail space in the heart of Downtown Greenville.
      131 E Mcbee Ave, Greenville, SC 29601
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic retail building, 2 acres, 44 parking spaces.
    Where is this land located?
    The property is located at 3050 White Horse Rd Greenville, SC.
    What is the lease rate?
    The lease rate is $132 SF/Yr.
    What are key features of this property?
    This property features: ±11,400 SF retail building on a 2.04-acre lot in Greenville, SC.; High-visibility corner location at White Horse Road & Highway 81, with 45,000+ VPD on White Horse Road and 13,200+ VPD on Highway 81.; Features a drive-thru and dock door, plus 44 parking spaces.
    (864) 527-5450 Call to check price and availability
    Request Owner's contact information
    3050 White Horse Rd Greenville, SC 29611
    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.
    3050 White Horse Rd
    Greenville, SC 29611
    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
    3050 White Horse Rd Greenville, SC 29611
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Frank Hammond
    Frank Hammond
    Real Estate License ID: 12566
    (864) 527-5450
    Learn more
    Google sign-in failed. Please try again or use another login method.