Property profile

1253 Pleasantburg Dr Greenville, SC 29605

OFF-MARKET
Retail space
Property ID
US77-0512730
0.22 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, 5,500 square foot flex building situated on a 0.49-acre lot in Greenville, South Carolina. The property, located at 1253 S Pleasantburg Dr, boasts a prime location on a major thoroughfare, benefiting from high visibility and traffic volume exceeding 27,100 vehicles per day. The building, constructed in 1977 and extensively renovated in 2023, features one story and one loading dock with one dock-high door. The improvements include new sewer lines, a resealed roof, and a resurfaced parking lot. Currently operating at 100% occupancy with a single tenant under a NNN lease, this stabilized investment offers a compelling 7.09% cap rate and a pro-forma NOI of $78,001. The property is zoned for commercial use and benefits from its proximity to Interstate 85 (0.7 miles) and numerous national retailers including Aldi, O'Reilly's, Crunch Fitness, AutoZone, QuikTrip, and Home Depot. Greenville's strategic growth plans, as outlined in the GVL 2040 comprehensive plan, further enhance the long-term value and potential of this asset. The area enjoys steady population growth and a high average household income ($106,000 within a 5-mile radius), supported by major employers such as BMW, Michelin, Prisma Health, ScanSource, and Tesla. This presents a rare opportunity to acquire a high-performing, low-maintenance investment in a thriving South Carolina market. The APN is M015030200201.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.22 ac (9,583 SF)
Zoning code PDR
APN M015.03-02-002.01
UPID US77-0512730

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store
  • Interior Design Auto Repair Shop
  • Building Supply General Contractor
  • Auto Parts Store

Location

1253 Pleasantburg Dr Greenville, SC 29605-1344
Greenville metro Census 1900 GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k

Owner & transaction history

since 2023
Last sale
$687,500
3 recorded transactions
2023
Price N/A
2023
$625,000
2023
$687,500

Zoning & alternative use

PDR · Greenville, SC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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