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

    550 Main St Greenville, SC 29601

    • Office Properties & Spaces
    • 86,997 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truphae - Fountain Pens, Ink and Accessories / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • Marsh / Insurance Agency
    • Womble Bond Dickinson (US) LLP / Law Firm
    • Alexander Equipment Co LLC / Auto Repair Shop / Vehicle Inspection Center
    • Outten Samuel W / Law Firm

    Property Details for 550 Main St

    Property size
    86,997 SF
    Property type
    Office Properties & Spaces

    Description

    This Class A office building, RiverPlace Office, located at 550 S Main St, Greenville, SC 29601, offers 86,997 square feet of executive and traditional office space in Greenville County. Multiple tenancies are available, with two spaces currently available ranging from 4,075 to 12,690 contiguous square feet, representing the maximum contiguous space available. The building boasts stunning views of Main Street, the Reedy River, and the historic West End District, including expansive mountain vistas. Tenants enjoy unparalleled convenience to the best of Downtown Greenville, with amenities such as Halls Chophouse and Starbucks located on the ground floor. This exceptional location provides easy access to the city's vibrant cultural scene and numerous dining and entertainment options. The property's prime location and impressive views make it an ideal space for businesses seeking a prestigious and convenient address in the heart of Greenville. The building's high-quality construction and modern amenities ensure a comfortable and productive work environment. Contact us today to learn more about the available spaces and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4019
    Latitude
    34.8456

    Comparable in this City

    • Value Estimation by Request

      75 Mcbee Ave

      Medical offices
      75 Mcbee Ave, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      2,070 SF

      718 Main St

      Office space • 2,070 SF
      718 Main St, Greenville, SC 29601
      View Details
    • Value Estimation by Request

      105 North St

      Office space
      105 North St, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      58,961 SF

      401 Stone Ave

      Restaurants • 58,961 SF
      401 Stone Ave, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      21,822 SF

      455 Buncombe St

      Office Properties & Spaces • 21,822 SF
      455 Buncombe St, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      5,400 SF

      18 North St

      Office Properties & Spaces • 5,400 SF
      18 North St, Greenville, SC 29601
      View Details

    Similar Nearby for Sale

    • $900,000
      3,696 SF

      Greenville Executive Office Building

      Prime Greenville location, multi-tenant office.
      506 Pettigru St, Greenville, SC 29601
      View Details
    • $4,200,000
      16,778 SF

      Downtown Greenville Mixed-Use Gem

      Prime location, redevelopment opportunity.
      429 Main St, Greenville, SC 29601
      View Details
    • $2,750,000
      6,888 SF

      Prime Greenville Executive Offices

      Two buildings, high visibility, downtown location
      429 Main St, Greenville, SC 29601
      View Details
    • $224,900
      0.06 Acres

      Stone Avenue Commercial Gem

      High-traffic Greenville storefront, endless potential.
      798 Stone Ave, Greenville, SC 29601
      View Details
    • $7,000,000
      20,000 SF

      Downtown Greenville Office Building

      Prime Office Investment, High NOI
      120 Broadus Ave, Greenville, SC 29601
      View Details
    • $2,750,000
      16,778 SF

      Downtown Greenville Office Complex

      Prime Greenville location, two office buildings.
      429 N Main St, Greenville, SC 29601
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,833 SF

      Downtown Main Street Office Space

      Historic building, 1,833 sq ft available
      734 Main St, Greenville, SC 29601
      View Details
    • $30 SF/Yr
      6,748 SF

      Greenville Executive Office Suites

      Class A Office Space, 10 Suites Available
      314 Lloyd St, Greenville, SC 29601
      View Details
    • Contact for pricing
      58,961 SF

      North Pointe Retail Spaces

      Greenville, SC retail & office opportunity
      401 Stone Ave, Greenville, SC 29601
      View Details
    • $21 SF/Yr
      357,752 SF

      Greenville Executive Office Space

      Prestigious Greenville Office Building, Suites Available
      301 Main St, Greenville, SC 29601
      View Details
    • $26 SF/Yr
      5,400 SF

      Prime Greenville Executive Office Space

      5,400 SF Executive Suite Available
      18 North St, Greenville, SC 29601
      View Details
    • $24 SF/Yr
      58,586 SF

      Greenville Executive Office Space

      Prestigious Greenville Office Suites Available
      10 Academy St, Greenville, SC 29601
      View Details
    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.
    550 Main St
    Greenville, SC 29601
    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

    Google sign-in failed. Please try again or use another login method.