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
    Property profile & analytics

    306 Markley St Greenville, SC 29601

    • Commercial real estate
    • 0.09 lot acres
    For Sale
    View listing
    $575,000
    Last Sale
    Jul 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0636203
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 306 Markley St

    Lot size
    0.09 lot acres
    Zone code
    S1
    Property type
    Commercial real estate
    APN
    0074.00-01-014.00
    APU
    74000101400

    Description

    This exceptional .1-acre commercial lot in downtown Greenville, South Carolina, presents a rare infill development opportunity. Located at 306 N Markley Street, the property boasts frontage on both South Academy Street and North Markley Street, offering excellent visibility and accessibility. Zoned MX-D, this parcel is free from setback requirements and minimum parking stipulations, maximizing development potential. Its prime location places it within walking distance of numerous downtown amenities, including Falls Park, Unity Park, The Swamp Rabbit Trail, and Fluor Field, as well as a vibrant array of dining, shopping, and entertainment options. Enjoy stunning Blue Ridge Mountain views. The property's convenient location and flexible zoning make it ideal for a variety of commercial projects. The asking price is $575,000. The tax map number is 0074000101400. This is a truly unique opportunity to acquire a highly desirable piece of Greenville real estate. Note that any renderings are for illustrative purposes only. The property is situated in an Opportunity Zone within Greenville County, South Carolina, zip code 29601.

    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
    -82.4105
    Latitude
    34.8462
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $234
    $430
    $0.00
    $430
    -
    $0.00
    $0.00
    $54,020

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Stone Ave

      COMMERCIAL (GENERAL) • 0.01 Acres
      Stone Ave, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      0.07 Acres

      118 Sumner St

      COMMERCIAL (GENERAL) • 0.07 Acres
      118 Sumner St, Greenville, SC 29601-3229
      View Details
    • Value Estimation by Request
      0.05 Acres

      Townes St

      COMMERCIAL (GENERAL) • 0.05 Acres
      Townes St, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      0.16 Acres

      518 Rhett St

      COMMERCIAL (GENERAL) • 0.16 Acres
      518 Rhett St, Greenville, SC 29601-2436
      View Details
    • Value Estimation by Request
      0.06 Acres

      Rhett St

      COMMERCIAL (GENERAL) • 0.06 Acres
      Rhett St, Greenville, SC 29601
      View Details
    • Value Estimation by Request
      0.39 Acres

      121 Richardson St

      COMMERCIAL (GENERAL) • 0.39 Acres
      121 Richardson St, Greenville, SC 29601-2627
      View Details

    Similar Nearby for Sale

    • $575,000
      0.10 Acres

      Downtown Greenville Development Land

      Prime .1-acre lot, walkable to Main Street.
      306 Markley 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
    • $270,000
      0.26 Acres

      Orem Office Space: 2,040 SF Available

      Turnkey office, 5 offices, conference room. Great location.
      920 Church St, Greenville, SC 29601
      View Details
    • $2,000,000
      0.50 Acres

      Greenville Commercial Corner Lot

      Prime Greenville location, high growth potential.
      20 Mayfield St, Greenville, SC 29601
      View Details
    • $1,105,900
      0.05 Acres

      Downtown Greenville Commercial Gem

      Modern Office/Retail Space, 11 Parking Spaces
      205 Laurens St, Greenville, SC 29601
      View Details
    • Contact for pricing
      0.15 Acres

      Downtown Greenville Office Space

      Historic West End, updated office, 5 parking spaces.
      413 Vardry Unit, Greenville, SC 29601
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,276 SF

      75 Mcbee Ave

      Medical offices
      75 Mcbee Ave, Greenville, SC 29601
      View Details
    • $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
    • $22 SF/Yr
      41,494 SF

      Downtown Greenville Office Sublease

      Turnkey office space in the heart of Downtown Greenville.
      22 S Main St, Greenville, SC 29601
      View Details
    • Contact for pricing
      2,400 SF

      Downtown Greenville Office Building

      Office building in Downtown Greenville with on-site parking.
      201 E Camperdown Way, Greenville, SC 29601
      View Details
    • Contact for pricing
      1,240 SF

      Retail Space Near ONE Plaza

      Retail space available near ONE Plaza in Greenville, SC.
      15 E Coffee St, Greenville, SC 29601
      View Details
    • $18 SF/Yr
      2,500 SF

      Greenville Office Space For Rent

      Office space available for lease in Greenville, South Carolina.
      25 S Laurens 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.
    306 Markley 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.