Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12 Gordon Street Ext Greenville, SC 29611
    Back to Search
    Property profile & analytics

    12 Gordon Street Ext, Greenville, SC 29611

    View on Map
    • Warehouses
    • 18,000 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 12 Gordon Street Ext

    Lot size
    1.00 lot acres
    Property type
    Warehouses
    Property subtype
    Mixed-use properties

    Description

    This exceptional industrial property, located at 12 Gordon St Ext in Greenville, South Carolina, presents a unique investment opportunity. The property encompasses a total of 18,000 square feet, comprised of three 4,000 square foot Quonset huts and an additional 6,000 square foot warehouse building. The asking price is $445,000, translating to $24.72 per square foot. The property sits on one acre of land and boasts 186.4 feet of frontage on Gordon Street, providing excellent accessibility. Its location offers convenient proximity to Highway 123 and is just minutes from downtown Greenville. The property is currently vacant and zoned S-1. The existing structures provide ample space for various industrial uses, complemented by a substantial lay-down yard. Annual property taxes are $2,879.35. Tax map numbers are 0116000701200 & 0116000700800. This versatile property is ideal for businesses seeking a strategic location with significant storage and outdoor space. The combination of warehouse space and lay-down yard makes this a highly desirable asset in a thriving Greenville location.

    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
    -82.4378
    Latitude
    34.8388

    Comparable in this City

    • Value Estimation by Request

      541 Old Piedmont Hwy

      Distribution properties
      541 Old Piedmont Hwy, Greenville, SC 29611
      View Details
    • Value Estimation by Request

      Progressive Ct

      Distribution properties
      0 Progressive Ct, Greenville, SC 29611
      View Details
    • Value Estimation by Request
      4.40 Acres

      2605 Anderson Rd

      DISTRIBUTION WAREHOUSE
      2605 Anderson Rd, Greenville, SC 29611-6019
      View Details
    • Value Estimation by Request
      11.57 Acres

      1089 Park W Blvd

      DISTRIBUTION WAREHOUSE
      1089 Park W Blvd, Greenville, SC 29611-6124
      View Details
    • Value Estimation by Request
      14.22 Acres

      1050 Park W Blvd

      DISTRIBUTION WAREHOUSE
      1050 Park W Blvd, Greenville, SC 29611-6124
      View Details
    • Value Estimation by Request
      0.86 Acres

      235 Parker Rd

      Land
      235 Parker Rd, Greenville, SC 29611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      891 SF

      Live-Work Home with Detached Garage

      Charming home with heated, insulated garage and 3-phase power.
      11 Bainbridge Dr, Greenville, SC 29611
      View Details
    • $1,800,000
      10.91 Acres

      Prime Land in Greenville, SC

      11+/- acre property ideal for development in a growing corridor.
      3900 Highway 153, Greenville, SC 29611
      View Details
    • $1,421,500
      8.32 Acres

      Greenville Land with All Utilities

      8.32 acres with utilities and high traffic count.
      250 Bent Bridge Rd, Greenville, SC 29611
      View Details
    • Contact for pricing
      88,650 SF

      Industrial Facility with Outdoor Storage

      88,650 SF industrial facility with 5 AC outdoor storage.
      2706 White Horse Rd, Greenville, SC 29611
      View Details
    • Contact for pricing
      Pending

      Townhomes in Greenville Arts District

      New townhomes in the heart of Greenville's arts district.
      3 Saco St, Greenville, SC 29611
      View Details
    • Contact for pricing

      Land Available in Greenville, SC

      Land for sale at 2505 New Easley Hwy, Greenville, SC
      2505 New Easley Hwy, Greenville, SC 29611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      558,000 SF

      Greenville Warehouse Space Available

      558,000 sqft warehouse/distribution space for lease in Greenville, SC.
      101-301 Piedmont Grove Park, Greenville, SC 29611
      View Details
    • Contact for pricing
      306,000 SF

      Greenville Warehouse Space Available

      306,000 sq ft warehouse space for lease.
      Park Commerce Rd, Greenville, SC 29611
      View Details
    • Contact for pricing
      25,000 SF

      Functional Warehouse Space Available

      25,000 SF warehouse suitable for logistics, warehousing, manufacturing.
      105 Prospect St, Greenville, SC 29611
      View Details
    • $20 SF/Yr
      2,035 SF

      Textile Mill Lofts in Greenville

      Live, work, and play spaces with industrial architecture.
      201 Smythe St, Greenville, SC 29611
      View Details
    • Contact for pricing
      499,968 SF

      Greenville Industrial Space For Lease

      499,968 SF industrial space available for lease in Greenville.
      189 Stables Rd, Greenville, SC 29611
      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.
    12 Gordon Street Ext
    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
    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

    Thank You for Inquiry
    12 Gordon Street Ext, Greenville, SC, 29611
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!