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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Warehouses
1698 Perimeter Rd Greenville, SC 29605-5244
Individually Owned
~
Est. High Equity
Property ID
US77-0904597
Property summary
AI-generated overview
This ±50,197 square foot industrial property in Greenville, South Carolina, is offered for sale at $4,695,000. Located on approximately 8.26 acres, this Class B, vacant building features a single story, with 20-28 foot clear ceiling heights. Built in 1988 and renovated in 2023, the property includes six loading docks and five dock-high doors. The building offers approximately 3,212 square feet of office space, two 5-ton bridge cranes, and heavy power. Its prime location is just south of Donaldson Field Airport, sharing a property line with the South Carolina Technology and Aviation Center (SCTAC), and less than three miles from I-185 access. The I-1 zoning allows for a variety of uses. The ample acreage provides potential for future expansion or a laydown yard. This presents a unique opportunity for a manufacturing, logistics, or distribution company seeking ownership in Greenville County's industrial corridor. The property's features, combined with its strategic location, make it an attractive investment for owner-users. The APN is 0400010110500. The address is 1698 Perimeter Rd, Greenville, SC 29605.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
8.25 ac (359,370 SF)
Zoning code
I-1
APN
0400.01-01-105.00
UPID
US77-0904597
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pick Pack Shipped Logistics Company Freight Service
-
Boxbids.com Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Jeffery Salisbury
Jeffery Salisbury
since 2025
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
I-1 · Greenville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,080,000
ML approach
$2,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $4.60M (Aug 13 2025)
Last sale anchor
$4.60M
Aug 13 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$44,137
Tax year 2023
Assessed value
$120,780
Assessed 2023
Previous assessed
$120,780
+0.0% YoY
Effective rate
36.54%
On assessed value
Assessed land
$23,360
Assessed improvement
$97,420
Land market value
$389,400
Improvement market value
$1,623,720
Total market value
$2,013,120
Applied tax rate
145.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Lot
8.25 ac (359,370 SF)
Zoning code
I-1
APN
0400.01-01-105.00
UPID
US77-0904597
Jurisdiction
GREENVILLE
Zoning & alternative use
I-1 · Greenville, SC
Zoning I-1 · permitted uses
I-1 · Greenville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
8.25 ac
Current owner
From public records · entity-resolved
Jeffery Salisbury
Individual
Mailing address
1698 PERIMETER RD, GREENVILLE, SC 29605-5244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$1,006,560
Jeffery Salisbury
1698 Perimeter Rd LLC
Deed
—
Aug 13, 2025
$4,595,000
Arke Holdings LLC
Geoffrey Norman
Deed
$2,000,000 · Southstate Bank National Associatio
Aug 8, 2025
$1,006,560
Geoffrey Norman
1698 Perimeter Rd LLC
Deed
—
Mar 31, 2021
$2,100,000
1698 Perimeter Rd LLC
Perimeter Road Investors LLC
Limited Warranty Deed
$1,785,000 · Bank Of Travelers Rest
May 15, 2020
—
Perimeter Road Investors LLC
—
Deed
related
$1,680,000 · United Community Bank
Nov 4, 2016
$1,650,000
Perimeter Road Investors LLC
Alemi Properties LLC
Deed
$1,415,875 · United Community Bank
Oct 22, 2010
$1,425,075
Alemi Properties LLC
Terrence E Lane
Deed
—
Jul 21, 2004
$1
Provident Trust
Lane Alison J
Grant Deed
related
$50,000 · Wachovia Bank NA
Jun 4, 2002
$422,497
Lane,terrence E Tr
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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