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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Pelham Rd Greenville, SC 29615

    • Drive through restaurants
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2898352
    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

    • Drive through restaurants

    Property Details for 3 Pelham Rd

    Year built
    1995
    Lot size
    1.12 lot acres
    Zone code
    C1
    Property type
    Drive through restaurants
    APN
    0279.00-01-001.03
    APU
    279000100103

    Description

    This exceptional 3,037 square foot restaurant sublease at 3 Pelham Road, Greenville, SC 29615, presents a turnkey opportunity for a discerning business. Strategically located at the intersection of Pelham Road and E North Street, this property boasts unparalleled visibility and accessibility, benefiting from a high daily traffic count of 19,500 vehicles. The single-tenancy building sits on 1.12 acres of land and includes ample parking with 20 spaces. Ideal for fast-food or retail establishments, this move-in ready space is perfectly situated within a dense commercial area, ensuring high foot traffic and brand exposure. Its proximity to major thoroughfares, including I-385, further enhances its appeal and provides convenient access for customers and employees. The property is classified as Commercial, Retail and offers a fantastic investment opportunity for businesses seeking a thriving and convenient location in Greenville, South Carolina. This sublease presents a rare chance to establish or expand a business in a high-traffic, high-visibility area. Don't miss this chance to secure a prime location in a bustling commercial hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3545
    Latitude
    34.8689
    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
    $58,803
    $79,730
    $80,220
    $159,950
    -
    $1,328,810
    $1,336,930
    $2,665,740

    Comparable in this City

    • Value Estimation
      $230,000
      0.66 Acres

      2423 Wade Hampton Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.66 Acres
      2423 Wade Hampton Blvd, Greenville, SC 29615-1145
      View Details
    • Value Estimation
      $290,000
      0.69 Acres

      2102 Wade Hampton Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.69 Acres
      2102 Wade Hampton Blvd, Greenville, SC 29615
      View Details
    • Value Estimation
      $400,000
      0.50 Acres

      552 Old Howell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.50 Acres
      552 Old Howell Rd, Greenville, SC 29615-1965
      View Details
    • Value Estimation
      $640,000
      0.60 Acres

      207 Pelham Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.60 Acres
      207 Pelham Rd, Greenville, SC 29615-2501
      View Details
    • Value Estimation
      $4,825,000
      1.10 Acres

      4100 Pelham Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.10 Acres
      4100 Pelham Rd, Greenville, SC 29615-5025
      View Details
    • Value Estimation
      $245,000
      0.30 Acres

      2027 Wade Hampton Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.30 Acres
      2027 Wade Hampton Blvd, Greenville, SC 29615-1036
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Entertainment and Mixed-Use Development Site

      50+ acre development site with high visibility and traffic.
      Interstate 85 & Pelham Rd, Greenville, SC 29615
      View Details
    • $389,900
      0.34 Acres

      Greenville Commercial Building For Sale

      Commercial building in high traffic area suitable for various uses.
      1 Elizabeth Dr, Greenville, SC 29615
      View Details
    • $325,000
      1,750 SF

      Retail/Office Space on E. North

      Retail, office, or service space for sale near Downtown Greenville.
      2704 E North St, Greenville, SC 29615
      View Details
    • $2,500,000
      11,108 SF

      Pelham Road Retail Development Site

      Prime 1.15 AC retail site near I-85.
      5020 Pelham Rd, Greenville, SC 29615
      View Details
    • $160,000

      Land Lots for Sale

      Land lots available for sale in Greenville, SC.
      68 Pointe Cir, Greenville, SC 29615
      View Details
    • $188,000

      Updated Condo Near Downtown Greenville

      Updated 3-bedroom condo with modern amenities and convenient location.
      2530 E North St, Greenville, SC 29615
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,037 SF

      Drive-Thru Restaurant Space Available

      Restaurant space with drive-thru, built in 2015, near I-385.
      3 Pelham Rd, Greenville, SC 29615
      View Details
    • Contact for pricing
      4,818 SF

      Class A Office Space Available

      High-end office space with on-site amenities in Greenville.
      1 Independence Pt, Greenville, SC 29615
      View Details
    • Contact for pricing
      28,806 SF

      Class A Office Space Available

      Office space with restaurant, fitness facilities, and on-site cafe.
      7 Independence Pt, Greenville, SC 29615
      View Details
    • Contact for pricing
      3,432 SF

      Class A Office Space Available

      Class A office space with restaurant, fitness facilities, and parking.
      3 Independence Pt, Greenville, SC 29615
      View Details
    • Contact for pricing
      5,600 SF

      Retail Space in High-Traffic Area

      Retail space available in Greenville shopping center.
      2435 E North St, Greenville, SC 29615
      View Details
    • Contact for pricing
      2,023 SF

      Retail Space in Greenville Center

      Retail space in busy Greenville corridor near major retailers.
      3611-3641 Pelham Rd, Greenville, SC 29615
      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.
    3 Pelham Rd
    Greenville, SC 29615
    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.