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    Property profile & analytics

    369 Woodruff Rd Greenville, SC 29607

    • Medical offices
    • 0.27 lot acres
    For Sale
    View listing
    $250,000
    Last Sale
    Mar 16, 2022
    $1,582,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2299043
    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

    • Dr. Robert L. Jetton, MD / Dermatologist / Doctor
    • Matthew Miller, MD / Dermatologist
    • Christopher Kallinger, PA-C / Physician Assistant
    • Nancy Richmond, APRN / Dermatologist / Nurse Practitioner
    • Claire Duke / Doctor / Practitioner Service Location

    Property Details for 369 Woodruff Rd

    Lot size
    0.27 lot acres
    Zone code
    S-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0259.00-01-003.30
    APU
    259000100330

    Description

    This exceptional 0.44-acre development site, located at 369 Woodruff Road in Greenville, South Carolina (zip code 29607), offers 19,166 square feet of buildable land zoned S-1. Priced at $250,000 ($13.04/sq ft), this fee simple property is part of a four-parcel offering within the Woodruff-Halton Professional Park, a highly desirable area situated in the established Woodruff Road retail and office corridor. The site is ideally suited for multi-level construction and benefits from existing HOA-maintained driveways, sidewalks, and landscaping. Neighboring businesses include Greenville Dermatology and Medical Imaging Express. This location enjoys proximity to the Verdae master-planned urban development, aligning with a live-work-play lifestyle. The surrounding area boasts high average home values ($366,443) and household incomes ($88,389), indicating a strong and stable market. The seller will consider build-to-suit options. Please note that one of the four parcels is currently under contract.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,480,000
      ML approach
      $1,460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3387
    Latitude
    34.8351
    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
    $34,464
    $43,610
    $51,320
    $94,930
    -
    $726,880
    $855,310
    $1,582,190

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres

      1817 Woodruff Rd

      MEDICAL BUILDING • 2.08 Acres
      1817 Woodruff Rd, Greenville, SC 29607-5936
      View Details
    • Value Estimation by Request
      0.72 Acres

      215 Halton Rd

      MEDICAL BUILDING • 0.72 Acres
      215 Halton Rd, Greenville, SC 29607-3509
      View Details
    • Value Estimation by Request
      1.00 Acre

      615 Halton Rd

      MEDICAL BUILDING • 1.00 Acre
      615 Halton Rd, Greenville, SC 29607-3403
      View Details
    • Value Estimation
      $2,035,000
      1.32 Acres

      925 Butler Rd

      MEDICAL BUILDING • 1.32 Acres
      925 Butler Rd, Greenville, SC 29607-4841
      View Details
    • Value Estimation by Request
      0.23 Acres

      3 Cleveland Ctd

      MEDICAL BUILDING • 0.23 Acres
      3 Cleveland Ctd, Greenville, SC 29607-2414
      View Details
    • Value Estimation by Request
      0.72 Acres

      1 Halton Grn Way

      MEDICAL BUILDING • 0.72 Acres
      1 Halton Grn Way, Greenville, SC 29607-6606
      View Details

    Similar Nearby for Sale

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    • $900,000
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      Two-story office building with ample parking and updated suite.
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    • $6,789,142
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      Office Building For Sale

      Office building with lease income available for sale.
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      Office Space in Greenville, SC

      Office space for sale in Greenville, South Carolina.
      232 Adley Way, Greenville, SC 29607
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    Similar Nearby for Lease

    • Contact for pricing
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    • $23 SF/Yr
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      Greenville Office Space For Rent

      Flexible office space near Patewood Medical Campus available for rent.
      127 Halton Village Cir, Greenville, SC 29607
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    • Contact for pricing
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      Parcel C: Prime Office Space Available

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    • $17 SF/Yr
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      Office Space For Rent

      Office space available for lease in Greenville, SC.
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    • $16 SF/Yr
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      Greenville Office Space for Lease

      Modern Greenville office suites available.
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      View Details
    • $2,950 /Mo
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      Professional Office Space For Rent

      Office space in Overlook Executive Park, Greenville, SC.
      109 Laurens Rd, Greenville, SC 29607
      View Details
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    369 Woodruff Rd
    Greenville, SC 29607
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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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