Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2b Cleveland Ct Greenville, SC 29607
    Back to Search
    Property profile & analytics

    2b Cleveland Ct, Greenville, SC 29607

    View on Map
    • Office Spaces
    • 2,710 SF
    • 0.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atkins Law Firm, P.A. / Law Firm / Child Welfare Organization

    Property Details for 2b Cleveland Ct

    Year built
    1960
    Lot size
    0.21 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 2,710-square-foot medical office building is situated in Greenville, South Carolina, at 2B Cleveland Ct, zip code 29607. The property, built in 1960 and renovated in 2013, is a Class B, two-story building on a 0.206-acre lot within a professional office park. The building features ample parking with 50 spaces available. The interior boasts a spacious reception and waiting area, three private offices, a conference room, a large bullpen area, a dedicated file storage area, a convenient kitchenette, and three restrooms. The layout includes approximately 1,750 square feet on the first floor and 960 square feet on the second floor, with both front and back entrances providing convenient access. The property is zoned RNX-C by the City of Greenville and offers a single unit with a total of 2,710 square feet of net rentable space. This turnkey medical office presents a fantastic opportunity for a practice seeking a well-established and conveniently located space. The asking price for this property is $449,000.

    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
    -82.3763
    Latitude
    34.8243

    Comparable in this City

    • Value Estimation by Request
      1.17 Acres

      35 Brookfield Oaks Dr

      Medical Office Space
      35 Brookfield Oaks Dr, Greenville, SC 29607
      View Details
    • Value Estimation by Request
      1,568 SF

      4 B Cleveland Ct

      Medical Office Space
      4 B Cleveland Ct, Greenville, SC 29607
      View Details
    • Value Estimation by Request
      9,000 SF

      35 Brookfield Oaks Dr

      Medical Office Space
      35 Brookfield Oaks Dr, Greenville, SC 29607
      View Details
    • Value Estimation by Request
      0.70 Acres

      29 Rocky Slope Rd

      MEDICAL BUILDING
      29 Rocky Slope Rd, Greenville, SC 29607-3909
      View Details
    • Value Estimation by Request
      1.57 Acres

      534 Woods Lk Rd

      MEDICAL BUILDING
      534 Woods Lk Rd, Greenville, SC 29607-2778
      View Details
    • Value Estimation by Request
      1.52 Acres

      1352 Cleveland St

      DENTAL BUILDING
      1352 Cleveland St, Greenville, SC 29607-2437
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,397 SF

      Medical Office Building For Sale

      Two-story, ±7,397 SF medical office building suited for owner-occupant.
      300 Regent Park Ct, Greenville, SC 29607
      View Details
    • $3,400,000

      Versatile Warehouse/Flex Property For Sale

      Warehouse/flex property with redevelopment potential in a high-traffic commercial area.
      825 Old Airport Rd, Greenville, SC 29607
      View Details
    • $350,000
      1,915 SF

      Professional Office Space in Greenville

      Prime office suite in Woodruff Corporate Center, move-in ready.
      232 Adley Way, Greenville, SC 29607
      View Details
    • Contact for pricing
      34,284 SF

      Office Building For Sale

      Office building with lease income available for sale.
      426 Fairforest Way, Greenville, SC 29607
      View Details
    • Contact for pricing
      31,835 SF

      Office/Flex Building with Warehouse

      Single-story office/flex building with warehouse and ample parking.
      127 Tanner Rd, Greenville, SC 29607
      View Details
    • Contact for pricing
      8,030 SF

      Office Building Near Laurens Road

      Two-story office building with ample parking and updated suite.
      8 Sycamore Dr, Greenville, SC 29607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Office spaces for healthcare providers near I-385 & Butler Rd.
      300 Regent Park Ct, Greenville, SC 29607
      View Details
    • Contact for pricing
      5,600 SF

      Greenville Office Space For Rent

      Flexible office space near Patewood Medical Campus available for rent.
      127 Halton Village Cir, Greenville, SC 29607
      View Details
    • Contact for pricing

      Office Space in Green Gate

      Office space for lease in Green Gate office park.
      25 Woods Lake Rd, Greenville, SC 29607
      View Details
    • Contact for pricing

      New Mixed-Use Suites Available

      New commercial spaces for lease in mixed-use development.
      50 Tanner Rd, Greenville, SC 29607
      View Details
    • $28 SF/Yr
      25,184 SF

      Class A Office Park Space

      Office space for rent in Class A office park.
      201 Brookfield Pkwy, Greenville, SC 29607
      View Details
    • Contact for pricing
      30,941 SF

      Office Space For Rent

      Office space available for lease in Greenville, South Carolina.
      111 Millport Cir, Greenville, SC 29607
      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.
    2b Cleveland Ct
    Greenville, SC 29607
    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
    2b Cleveland Ct, Greenville, SC, 29607
    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!