Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1028 NE Main Street Simpsonville, SC 29681
    Back to Search
    Property profile & analytics

    1028 NE Main Street , Simpsonville, SC 29681

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1028 NE Main Street

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Lease Rate: $15/SF Lease Type: NNN Lease Term: 3-5 Year Location Description Easily accessible off Main Street SCDOT Traffic Count: ±23,100 VPD VPD High visibility Major Simpsonville retail corridor ±1 mile from I-385 Parcel Size: ±0.97 Acres

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Simpsonville
    County
    State
    South Carolina
    Longitude
    -82.270268
    Latitude
    34.758231

    Comparable in this City

    • Value Estimation by Request
      0.77 Acres

      1304 Main St

      Retail properties & Spaces
      1304 Main St, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      26,000 SF

      128 Curtis St

      Office Spaces
      128 Curtis St, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      14,000 SF

      114 Curtis St

      Coworking space
      114 Curtis St, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      142,363 SF

      915 South St

      Individual retail properties
      915 South St, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      1,800 SF

      Established Subway Franchise For Sale ! Great Location & Deal!

      Restaurants
      0 Established Subway Franchise For Sale ! Great Location & Deal!, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      6,160 SF

      400 Main St

      Office Spaces
      400 Main St, Simpsonville, SC 29681
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Simpsonville Commercial Building For Sale

      24,000 SF building in Simpsonville, SC, renovated in 2013.
      313 N Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing

      Highway Frontage Property For Sale

      Versatile property with highway frontage, ideal for retail or office.
      1304 NE Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing

      Main Street Commercial Opportunity

      Property with high visibility and development potential on 1.42 acres.
      1306 NE Main St, Simpsonville, SC 29681
      View Details
    • $425,000

      Professional Office Space in Simpsonville

      Adaptable 1,844 sq ft office near downtown Simpsonville.
      117 Hillcrest Ave, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      334,000 SF

      Historic Mill Office Space Available

      Office space in a renovated historic textile mill.
      300 St S, Simpsonville, SC 29681
      View Details
    • Contact for pricing

      Industrial Land For Sale

      22.63 acre industrial land opportunity in Simpsonville, SC.
      2835 Kemet Way, Simpsonville, SC 29681
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Simpsonville

      Retail space available for lease in Simpsonville, SC.
      107 Northeast Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Main Street

      Retail space in well-maintained center, prime Simpsonville location.
      1016-1032 NE Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing

      Simpsonville Retail Space For Lease

      Up to 7,500 SF retail space in Simpsonville, SC.
      721 SE Main St, Simpsonville, SC 29681
      View Details
    • $5,084 /Mo
      16,117 SF

      Historic Downtown Simpsonville Office Space

      Charming office space in historic downtown Simpsonville with ample parking.
      312 S Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      5,904 SF

      Simpsonville Office Space For Rent

      5,904 SF office space available for lease.
      220 Scuffletown Rd, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      12,463 SF

      Simpsonville Office Space Available

      Office space available for lease in Simpsonville, SC.
      100 Allawood Ct, Simpsonville, SC 29681
      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.
    1028 NE Main Street
    Simpsonville, SC 29681
    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
    1028 NE Main Street , Simpsonville, SC, 29681
    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!