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

    401 Stone Ave Greenville, SC 29601

    • Commercial real estate
    • 58,961 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1165742
    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

    • Agribond / Agricultural Service
    • COOL COLE HOTEL / Hotel & Motel
    • Ooh! U’ve Got Nails / Nail Salon
    • Pi Star | Digital Marketing Agency / Advertising Agency / Marketing & Advertising
    • The BlueFin / Restaurant

    Property Details for 401 Stone Ave

    Property size
    58,961 SF
    Property type
    Commercial real estate

    Description

    North Pointe, a Greenville, SC commercial property, offers two exceptional retail/office spaces totaling 58,961 square feet, with 7,707 square feet currently vacant. One space measures approximately 3,403 square feet, ideal for retail or office use, while the other is approximately 4,304 square feet, perfectly suited for a restaurant. Located at 401 E Stone Ave, Greenville, SC 29601, this prime location boasts high visibility at the intersection of Stone Avenue and Wade Hampton Boulevard, two major thoroughfares with significant daily vehicle traffic (Stone Ave: ~27,600 VPD

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3872651
    Latitude
    34.8601204

    Comparable in this City

    • $37 SF/Yr
      83,933 SF

      Prime Greenville Location with Amenities

      Office and retail spaces with on-site amenities in Greenville.
      75 Beattie Pl, Greenville, SC 29601
      View Details
    • Contact for pricing
      13,458 SF

      Downtown Greenville Retail Space

      Prime 5,700 SF Retail Opportunity
      106 Washington St, Greenville, SC 29601
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      1,211 SF

      Vibrant Retail and Restaurant Space

      Family-friendly space with dining, retail, and office opportunities.
      147 Welborn St, Greenville, SC 29601
      View Details
    • Contact for pricing
      330 SF

      Retail Spaces Near Swamp Rabbit Trail

      Retail spaces available near downtown and Swamp Rabbit Trail.
      1320 Hampton Avenue Ext, Greenville, SC 29601
      View Details
    • $4,418,805
      1,946 SF

      Retail and Restaurant Space Available

      Mixed-use development with retail, restaurant, hotel, and residential components.
      320 Falls St, Greenville, SC 29601
      View Details
    • $20 SF/Yr
      1,833 SF

      Downtown Main Street Office Space

      Historic building, 1,833 sq ft available
      734 Main St, Greenville, SC 29601
      View Details

    Similar Nearby for Sale

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      405 Westfield St, Greenville, SC 29601
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      Greenville Restaurant & Retail Space

      Prime Greenville location, two suites available.
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      Prime Downtown Corner Restaurant Space

      Restaurant space for sale in Greenville's bustling downtown area.
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      Downtown Greenville Restaurant - For Sale

      Prime Greenville location, established restaurant, owner/user opportunity.
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    • $224,900
      0.06 Acres

      Stone Avenue Commercial Gem

      High-traffic Greenville storefront, endless potential.
      798 Stone Ave, Greenville, SC 29601
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    • $750,000
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      Versatile Office or Retail Space

      Adaptable space suitable for office or retail use.
      412 River St, Greenville, SC 29601
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    Similar Nearby for Lease

    • $37 SF/Yr
      83,933 SF

      Prime Greenville Location with Amenities

      Office and retail spaces with on-site amenities in Greenville.
      75 Beattie Pl, Greenville, SC 29601
      View Details
    • Contact for pricing
      13,458 SF

      Downtown Greenville Retail Space

      Prime 5,700 SF Retail Opportunity
      106 Washington St, Greenville, SC 29601
      View Details
    • Contact for pricing
      1,211 SF

      Vibrant Retail and Restaurant Space

      Family-friendly space with dining, retail, and office opportunities.
      147 Welborn St, Greenville, SC 29601
      View Details
    • Contact for pricing
      330 SF

      Retail Spaces Near Swamp Rabbit Trail

      Retail spaces available near downtown and Swamp Rabbit Trail.
      1320 Hampton Avenue Ext, Greenville, SC 29601
      View Details
    • $4,418,805
      1,946 SF

      Retail and Restaurant Space Available

      Mixed-use development with retail, restaurant, hotel, and residential components.
      320 Falls St, Greenville, SC 29601
      View Details
    • $20 SF/Yr
      1,833 SF

      Downtown Main Street Office Space

      Historic building, 1,833 sq ft available
      734 Main St, Greenville, SC 29601
      View Details
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    401 Stone Ave
    Greenville, SC 29601
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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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