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    Property profile & analytics

    502 Main St Greer, SC 29650-1638

    • Investment properties
    • 1,462 SF
    OFF-MARKET
    Last Sale
    Feb 25, 2025
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    6.3%
    Investment properties
    Location Intelligence
    Property ID
    US77-0593953
    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

    • Investment properties

    Property Details for 502 Main St

    Property size
    1,462 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    G029.00-01-011.00
    APU
    G029000101100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $250,000
      6.5%
      $235,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $256,000
      Market price range: $139k - $346k

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

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.2239
    Latitude
    34.9448
    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
    $3,131
    $4,580
    $3,400
    $7,980
    -
    $76,250
    $56,640
    $132,890

    Comparable in this City

    • Value Estimation
      $245,000
      1,574 SF

      1000 Poinsett St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,574 SF
      1000 Poinsett St, Greer, SC 29650-1313
      View Details
    • Value Estimation
      $170,000
      884 SF

      107 Memorial Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 884 SF
      107 Memorial Dr, Greer, SC 29650-1518
      View Details
    • Value Estimation
      $3,170,000
      1,386 SF

      721 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,386 SF
      721 Main St, Greer, SC 29650-2351
      View Details
    • Value Estimation
      $335,000
      1,428 SF

      408 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,428 SF
      408 Main St, Greer, SC 29650-1636
      View Details
    • Value Estimation
      $515,000
      2,998 SF

      306 Poinsett St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,998 SF
      306 Poinsett St, Greer, SC 29650-1548
      View Details
    • Value Estimation
      $210,000
      1,120 SF

      102 Memorial Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,120 SF
      102 Memorial Dr, Greer, SC 29650-1517
      View Details

    Similar Nearby for Sale

    • $450,000

      Greer Commercial Land - $450K

      ±2.086 Acres, High-Growth Area
      3278 Brushy Creek Rd, Greer, SC 29650
      View Details
    • $850,000
      5,000 SF

      Greer Office Building For Sale

      Office building in Greer, South Carolina, with recent upgrades.
      420 The Pkwy, Greer, SC 29650
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    • $2,950,000

      Corner Land Parcel For Sale

      Corner land parcel with utilities available in Greer, SC.
      S Batesville Rd, Greer, SC 29650
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    • $220,000
      2 SF

      Greer Commercial Land Opportunity

      2.41 acre commercial land for sale in Greer, SC.
      66 Concourse Way, Greer, SC 29650
      View Details
    • $450,000
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      Prime Commercial Land For Sale

      Highly accessible commercial land with high traffic and income demographics.
      1501 W Poinsett St, Greer, SC 29650
      View Details
    • $325,000
      1.73 Acres

      Greer Commercial Land: Hwy 14 Site

      1.73-acre commercial lot, prime location.
      2866 Old Highway 14, Greer, SC 29650
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      12,400 SF

      Brushy Creek Retail Center

      Greer, SC: Prime Retail Space Available
      3130 Brushy Creek Rd, Greer, SC 29650
      View Details
    • $12 SF/Yr
      7,500 SF

      Greer Warehouse Space Available

      7,500 SF Warehouse, 6,287 SF Vacant
      151 Tandem Dr, Greer, SC 29650
      View Details
    • $6 SF/Yr
      80,000 SF

      Greer Warehouse with Office Space

      Warehouse with office and mezzanine space available for lease.
      1627 Highway 14 S, Greer, SC 29650
      View Details
    • $8 SF/Yr
      15,358 SF

      Greer Retail Space Available

      Retail space available for lease in Greer, South Carolina.
      1100 W Wade Hampton Blvd, Greer, SC 29650
      View Details
    • Contact for pricing
      21,200 SF

      Greer Warehouse Space Available

      21,200 SF warehouse space for lease in Greer, SC.
      449 E Suber Rd, Greer, SC 29650
      View Details
    • Contact for pricing
      36,000 SF

      Greer Warehouse: 36,000 SF Available

      Prime Greer industrial space for lease. Multiple tenant options.
      108 Pennsylvania Ave, Greer, SC 29650
      View Details
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    502 Main St
    Greer, SC 29650-1638
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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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