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    201 Smythe St Greenville, SC 29611

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    201 Smythe St Greenville, SC 29611

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    • Commercial real estate
    Off-Market
    Property ID
    US77-0068951
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SIRRONA Media, LLC / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Intuitive Touch Therapeutic Massage / Alternative Medicine Practice / Spa & Massage Center
    • The Lofts Of Greenville / Apartment Complex / Apartment Building
    • Bluefrog / Marketing & Advertising / Advertising Agency
    • Convergent Technologies / Consultant

    Property Details for 201 Smythe St

    Year built
    1900
    Property type
    Commercial real estate

    Description

    Set in a former textile mill, The Lofts of Greenville offer unmatched spaces for live, work and play. The building’s rich history shines through in the stunning industrial architecture as exposed brick, high ceilings, and sleek concrete floors take on new life. The property sits adjected to 22 miles of the Swamp Rabbit Trail. Hop on the path right across the street from your new office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4247838
    Latitude
    34.8667395

    Comparable in this City

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 556 Perry Ave, Greenville.
      556 Perry Ave, Greenville, SC 29611
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      Retail Opportunity on White Horse Road

      Prime retail location available for lease or ground lease.
      6200 White Horse Road Ext, Greenville, SC 29611
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      1,993 SF

      Retail Space in Greenville Center

      Retail space available in a busy, shadow-anchored shopping center.
      6134 White Horse Rd, Greenville, SC 29611
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      5,874 SF

      Downtown Greenville Mixed-Use Retail Space

      Retail space available in downtown Greenville's West End.
      702 S Main St, Greenville, SC 29611
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    • Contact for pricing

      Prime Pad Site Near Publix

      1.05 acre pad site across from planned Publix.
      3529 South Carolina 153, Powdersville, SC 29611
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    • Contact for pricing
      2,800 SF

      Greenville Flex Space Available

      Climate-controlled flex space in rapidly developing Greenville area.
      10 Draper St, Greenville, SC 29611
      View Details

    Similar Nearby for Sale

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      Acreage in up-and-coming West Greenville near shops and restaurants.
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      Prime Commercial Building Site Available

      Ready-to-build commercial site in a growing area.
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      White Horse Rd, Greenville, SC 29611

      Commercial land
      White Horse Rd, Greenville, SC 29611
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    • Contact for pricing

      Prime Greenville Land Redevelopment Opportunity

      10.44-acre commercial property with redevelopment potential in high-traffic area.
      4707 White Horse Rd, Greenville, SC 29611
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      4,500 SF

      Auto Service Property For Sale

      In-use auto service property equidistant from Greenville and Easley.
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 556 Perry Ave, Greenville.
      556 Perry Ave, Greenville, SC 29611
      View Details
    • Contact for pricing

      Retail Opportunity on White Horse Road

      Prime retail location available for lease or ground lease.
      6200 White Horse Road Ext, Greenville, SC 29611
      View Details
    • Contact for pricing
      1,993 SF

      Retail Space in Greenville Center

      Retail space available in a busy, shadow-anchored shopping center.
      6134 White Horse Rd, Greenville, SC 29611
      View Details
    • Contact for pricing
      5,874 SF

      Downtown Greenville Mixed-Use Retail Space

      Retail space available in downtown Greenville's West End.
      702 S Main St, Greenville, SC 29611
      View Details
    • Contact for pricing

      Prime Pad Site Near Publix

      1.05 acre pad site across from planned Publix.
      3529 South Carolina 153, Powdersville, SC 29611
      View Details
    • Contact for pricing
      2,800 SF

      Greenville Flex Space Available

      Climate-controlled flex space in rapidly developing Greenville area.
      10 Draper St, Greenville, SC 29611
      View Details
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    201 Smythe St
    Greenville, SC 29611
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    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
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