Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3495 Mcelhaney Rd Greer, SC 29651-5340
    Back to Search
    Property profile & analytics

    3495 Mcelhaney Rd, Greer, SC 29651-5340

    View on Map
    • Individual retail properties
    • 1,647 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US77-2995597
    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

    • Individual retail properties

    Property Details for 3495 Mcelhaney Rd

    Year built
    1960
    Lot size
    0.53 lot acres
    Zone code
    UNZONED
    Property type
    Individual retail properties
    APN
    0631.01-05-004.02
    APU
    631010500402

    Description

    This exceptional 1,647 square foot storefront property, located at 3495 N McElhaney Rd in Greer, South Carolina (zip code 29651), is offered for sale at $245,000. Built in 1960, this single-story mixed-use building sits on a 0.53-acre lot and is currently unzoned. The property features three spacious rooms, two bathrooms, and a convenient laundry room, making it ideal for a variety of salon services. The open front area is perfect for a reception area, while a large sitting room offers additional client comfort. A portion of the backyard is fenced, providing privacy and potential outdoor space. The ceiling height is under 12 feet. New ductwork has been recently installed. This property presents a fantastic opportunity for a business owner seeking a well-appointed space in a desirable location. The asking price of $245,000 translates to $148.76 per square foot.

    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
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.2596
    Latitude
    34.9962
    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
    $2,228
    $1,320
    $5,400
    $6,720
    -
    $22,000
    $89,960
    $111,960

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      225 Trade St

      BARBER, HAIR SALON
      225 Trade St, Greer, SC 29651-3429
      View Details
    • Value Estimation by Request
      934 SF

      157 Tapp Rd

      BARBER, HAIR SALON
      157 Tapp Rd, Greer, SC 29651-5227
      View Details
    • Value Estimation by Request
      2,002 SF

      102 Arlington Rd

      LAUNDROMAT (SELF-SERVICE)
      102 Arlington Rd, Greer, SC 29651-2520
      View Details
    • Value Estimation by Request
      5,914 SF

      1165 Brockman Mcclimon Rd

      GARDEN CENTER, HOME IMPROVEMENT
      1165 Brockman Mcclimon Rd, Greer, SC 29651-7040
      View Details
    • Value Estimation by Request
      0.06 Acres

      120 Poinsett St

      BARBER, HAIR SALON
      120 Poinsett St, Greer, SC 29651-3406
      View Details
    • Value Estimation by Request
      0.29 Acres

      122 Cannon St

      BARBER, HAIR SALON
      122 Cannon St, Greer, SC 29651-3703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,824 SF

      7-Eleven NNN Lease Investment

      New 15-year NNN lease with rental increases.
      12505 E Wade Hampton Blvd, Duncan, SC 29651
      View Details
    • $1,600,000
      13,800 SF

      Freestanding Commercial Building on Wade Hampton

      Adaptable commercial building with multi-occupancy flexibility and high visibility.
      14629 E Wade Hampton Blvd, Greer, SC 29651
      View Details
    • Contact for pricing
      14,200 SF

      Mixed-Use Building on North Main

      14,200+- SF mixed-use building for sale on North Main.
      913 N Main St, Greer, SC 29651
      View Details
    • Contact for pricing
      7,700 SF

      Downtown Greer Two-Story Brick Building

      Two-story brick building in downtown Greer with retail and office.
      118 Victoria St, Greer, SC 29651
      View Details
    • $275,000
      4.00 Acres

      Greer Commercial/Industrial Site Available

      4 acre commercial/industrial site near BMW and Hoover plants.
      Robinson Rd, Greer, SC 29651
      View Details
    • $399,900
      2.65 Acres

      Prime Greer Commercial Land

      High-traffic location, 2.65 acres, multiple uses.
      1109 Main St, Greer, SC 29651
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,954 SF

      New Construction Retail/Office/Restaurant Space

      New construction retail, office, or restaurant space for lease.
      1970 Sc-101, Greer, SC 29651
      View Details
    • Contact for pricing
      4,010 SF

      Retail Space in Hillview Plaza

      Retail space available in a Walmart shadow-anchored shopping center.
      14019 E Wade Hampton Blvd, Greer, SC 29651
      View Details
    • $28 SF/Yr
      12,000 SF

      Greer Retail Center Opportunity

      High-traffic retail space, Greer, SC
      1963 Sc-101, Greer, SC 29651
      View Details
    • Contact for pricing
      15,358 SF

      Greer Retail Space Available

      Retail space available for lease in Greer, South Carolina.
      1100 W Wade Hampton Blvd, Greer, SC 29651
      View Details
    • $11 SF/Yr
      2,000 SF

      Prime Anderson Retail Space Available

      2,000 SF Retail Building - Excellent Location
      1014 Whitehall Road, Anderson, SC 29651
      View Details
    • Contact for pricing
      38,588 SF

      Retail Anchor Suite in Greer

      Anchor suite available in Greer's retail corridor.
      14182 E Wade Hampton Blvd, Greer, SC 29651
      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.
    3495 Mcelhaney Rd
    Greer, SC 29651-5340
    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

    Thank You for Inquiry
    3495 Mcelhaney Rd, Greer, SC, 29651
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!