Mixed-Use Property with Two
For Sale
$1,400,000
Poinsett Highway, Greenville, SC 29609
Lots/Land, Greenville, SC
Property Size10,000 SF
Lot Size0.72 Acres
Price / SF$140
Days on Market93
Property Features for Poinsett Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner, Business District
Elementary school
Summit Drive
Middle school
League
High school
Berea
Subdivision
070
Standard status
Active
APN
0175000300900
Lot size
0.72 Acres
Utilities
Water source
Public
Listing Agency:
Cross Creek Realty, LLC
(864) 517-3621
Listed By:
Alan Brockington · License #SC 87854
(864) 237-1030
Added: May 21
Changed: Aug 19
Last Checked: Aug 21 at 7:06AM
MLS# 1552193
Copyright © 2026 Greater Greenville 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 mixed-use property occupies 0.72 acres and includes two 5,000-square-foot buildings. The improvements are suited to retail, office, or other commercial applications, with parking provided on the site. Public water service is available.
Positioned on Poinsett Highway near downtown Greenville, the property sits on a high-visibility corner with a reported daily traffic count exceeding 40,000. Its location in the Poinsett District provides access to the surrounding business area and supports a range of commercial operating formats.
Positioned on Poinsett Highway near downtown Greenville, the property sits on a high-visibility corner with a reported daily traffic count exceeding 40,000. Its location in the Poinsett District provides access to the surrounding business area and supports a range of commercial operating formats.
Key Highlights
- 0.72‑acre mixed‑use property
- Two 5,000‑square‑foot commercial buildings
- Corner location on Poinsett Highway
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
$103,500
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
7.39%
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%
$2,070,000
$2.1M
Cap Rate 7%
$1,478,571
$1.5M
Cap Rate 9%
$1,150,000
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$180.0K $18.00/SF
− Vacancy
−$14.4K −$1.44/SF
EGI
$165.6K $16.56/SF
− OpEx
−$62.1K −$6.21/SF
NOI
$103.5K $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%
$2,070,000
Cap Rate 7%
$1,478,571
Cap Rate 9%
$1,150,000
Alternative Uses
Best Use
Office B
$2.20M
$1.92M – $2.56M
NOI $153,792 @ 7.0% cap · market cap 10.99%
Second Best
Retail
$2.12M
$1.85M – $2.47M
NOI $148,186 @ 7.0% cap · market cap 10.58%
Theoretical Best
Office A
$4.27M
$3.74M – $4.98M
NOI $299,083 @ 7.0% cap · market cap 21.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
Market
Vacancy Rate% for Office in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property near downtown Greenville with parking, public water service, and flexible commercial use potential.
Where is this mixed-use property located?
The property is located at Poinsett Highway Greenville, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.72‑acre mixed‑use property; Two 5,000‑square‑foot commercial buildings; Corner location on Poinsett Highway
