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

    147 Commons Way Greenville, SC 29611

    • Office Properties & Spaces
    • 4,400 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HIT Services / Translation Service / Business Management Consultant
    • Shelly Leeke Law Firm / Law Firm

    Property Details for 147 Commons Way

    Year built
    2005
    Property size
    4,400 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 2,200 square foot office suite is situated within the prestigious White Horse Professional Park at 147 Commons Way, Greenville, South Carolina. Built in 2005, this single-building complex offers a traditional office environment ideal for a variety of businesses. The suite is part of a larger 4,400 square foot building, with the possibility of leasing the entire space. The property boasts a convenient location in Greenville, SC, with easy access to major roadways and amenities. The zoning is C-2 Commercial, ensuring flexibility for various business operations. The property features a modern design and is well-maintained. This is a fantastic opportunity for businesses seeking a high-quality, functional workspace in a desirable Greenville location. The suite is immediately available and ready for occupancy. The property's APN is 023704102300, located in Greenville County, South Carolina, zip code 29611. The minimum leasable space is 2,200 square feet, making it suitable for businesses of various sizes. This is a multi-tenant building, offering a collaborative and professional atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4566
    Latitude
    34.8528

    Comparable in this City

    • Value Estimation by Request
      4,400 SF

      129 Commons Way

      Office Properties & Spaces • 4,400 SF
      129 Commons Way, Greenville, SC 29611
      View Details
    • Value Estimation by Request
      51,998 SF

      201 Smythe St

      Office space • 51,998 SF
      201 Smythe St, Greenville, SC 29611
      View Details
    • Value Estimation by Request
      2,200 SF

      129 Commons Way

      Office Properties & Spaces • 2,200 SF
      129 Commons Way, Greenville, SC 29611
      View Details
    • Value Estimation by Request
      2,200 SF

      157 Commons Way

      Office Properties & Spaces • 2,200 SF
      157 Commons Way, Greenville, SC 29611
      View Details
    • Value Estimation by Request
      4,556 SF

      117 Commons Way

      Office space • 4,556 SF
      117 Commons Way, Greenville, SC 29611
      View Details
    • Value Estimation
      $1,100,000
      5,044 SF

      207 3rd Bridges Rd

      OFFICE BUILDING • 5,044 SF
      207 3rd Bridges Rd, Greenville, SC 29611-7549
      View Details

    Similar Nearby for Sale

    • $499,000
      2,384 SF

      Greenville Office with Private Restroom

      Office space near downtown Greenville with private offices and parking.
      106 S Texas Ave, Greenville, SC 29611
      View Details
    • $295,000
      2 SF

      Office Condo For Sale

      Office condo with approximately 2,200 SF available for purchase.
      157 Commons Way, Greenville, SC 29611
      View Details
    • $295,000
      2,200 SF

      Sublease Office Space Available

      Office space for sublease near Downtown, expires January 2026.
      157-159 Commons Way, Greenville, SC 29611
      View Details
    • $1,100,000
      7.77 Acres

      White Horse Rd Development Land

      7.77 Acres, Greenville, SC - Prime Location
      0 White Horse Rd, Greenville, SC 29611
      View Details
    • $361,000
      0.15 Acres

      Greenville Commercial Lot Investment

      High-potential development land, AS-IS.
      501 Easley Bridge Rd, Greenville, SC 29611
      View Details
    • $550,000
      0.86 Acres

      Prime West Greenville Mixed-Use

      0.86-acre lot, $550,000, high potential.
      235 Parker Rd, Greenville, SC 29611
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      2,200 SF

      Greenville Office Condo for Sale

      2,200 SF Office Condo in Prime Location
      157 Commons Way, Greenville, SC 29611
      View Details
    • $11 SF/Yr
      4 SF

      Office Suite For Lease

      Office suite available for lease in Greenville, SC.
      147 Commons Way, Greenville, SC 29611
      View Details
    • $14 SF/Yr
      1,932 SF

      Greenville Office Space For Rent

      Office space available for lease in Greenville, South Carolina.
      600 E St N, Greenville, SC 29611
      View Details
    • $15 SF/Yr
      35,000 SF

      Woodside Mill Lofts: Creative Space

      Greenville SC retail/office space, 2,500-20,000 sq ft.
      1 Main St, Greenville, SC 29611
      View Details
    • $30 SF/Yr
      2,600 SF

      Greenville Medical Office Space

      Modern medical office space available for lease in Greenville, SC.
      3807 White Horse Rd, Greenville, SC 29611
      View Details
    • $20 SF/Yr
      3,000 SF

      Greenville Office Space For Rent

      Move-in ready office space in Greenville's Central Business District.
      514-516 E St N, 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.
    147 Commons Way
    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

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