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

    5024 Pelham Rd Greenville, SC 29615-5717

    • Flex space
    • 20.40 lot acres
    OFF-MARKET
    Last Sale
    Feb 11, 2021
    $9,679,900
    Value Estimations
    $9,680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1288764
    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

    • Abb / Industrial Manufacturer / Production Facility
    • Dodge Industrial, Inc. / Industrial Manufacturer / Production Facility

    Property Details for 5024 Pelham Rd

    Lot size
    20.40 lot acres
    Zone code
    RS
    Property type
    Flex space
    APN
    0533.02-01-009.08
    APU
    533020100908

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,590,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.2563
    Latitude
    34.8552
    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
    $5,238
    $0.00
    $0.00
    $0.00
    -
    $1,493,750
    $11,506,250
    $13,000,000

    Comparable in this City

    • Value Estimation by Request
      9,936 SF

      180 Commerce Ctr

      Flex space • 9,936 SF
      180 Commerce Ctr, Greenville, SC 29615
      View Details
    • Value Estimation
      $5,130,000
      11.50 Acres

      6997 Pelham Rd

      LIGHT INDUSTRIAL • 11.50 Acres
      6997 Pelham Rd, Greenville, SC 29615-5726
      View Details
    • Value Estimation by Request
      136,080 SF

      315 Tanner Price Way

      Distribution properties • 136,080 SF
      315 Tanner Price Way, Greenville, SC 29615
      View Details
    • Value Estimation by Request
      181.61 Acres

      301 Feaster Rd

      LIGHT INDUSTRIAL • 181.61 Acres
      301 Feaster Rd, Greenville, SC 29615-6131
      View Details
    • Value Estimation by Request
      2.03 Acres

      301 Ben Hamby Dr

      LIGHT INDUSTRIAL • 2.03 Acres
      301 Ben Hamby Dr, Greenville, SC 29615-5705
      View Details
    • Value Estimation
      $3,165,000
      5.06 Acres

      200 Brozzini Ct

      LIGHT INDUSTRIAL • 5.06 Acres
      200 Brozzini Ct, Greenville, SC 29615-5341
      View Details

    Similar Nearby for Sale

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      1,239 SF

      Greenville Townhome with Updated Features

      Charming 3-bedroom townhome in desirable Greenville location with community pool.
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    • $3,995,000
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      Renovated Office Building For Sale

      Office building with guaranteed rent by U.S. Government.
      319 Pelham Rd, Greenville, SC 29615
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    • $459,900
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      Move-in Ready Office Space

      Partially furnished office space available for immediate occupancy near I-85.
      3447-3447 Pelham Rd, Greenville, SC 29615
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    • Contact for pricing
      0.44 Acres

      Professional Office Suite on Pelham

      First floor office suite available for sublease through February 2029.
      330B Pelham Rd, Greenville, SC 29615
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    • $612,500

      I-85 Frontage Land Available

      Land in master-planned business park with I-85 frontage.
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      Greenville Townhome with Community Pool

      Charming 3-bedroom townhome in a desirable Greenville location.
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    Similar Nearby for Lease

    • $18 SF/Yr
      10,302 SF

      Greenville Flex Space For Lease

      10,302 SF Industrial Flex Space Available
      7660 Pelham Rd, Greenville, SC 29615
      View Details
    • $12 SF/Yr
      23,758 SF

      Flex Space Near I-85/I-385

      Flex space totaling approximately 5,750 SF, convenient interstate access.
      297 Garlington Rd, Greenville, SC 29615
      View Details
    • $11 SF/Yr
      23,758 SF

      Greenville Industrial Flex Space

      ±9,350 SF Flex Space Available
      297 Garlington Rd, Greenville, SC 29615
      View Details
    • $8 SF/Yr
      136,080 SF

      Greenville Industrial Space Available

      Class A Manufacturing/Flex Space in Greenville, SC
      315 Tanner Price Way, Greenville, SC 29615
      View Details
    • $18 SF/Yr
      10,302 SF

      Pelham Road Flex Space Available

      Flex space for lease with private offices and updated finishes.
      7660 Pelham Rd, Greenville, SC 29615
      View Details
    • $14 SF/Yr
      6,531 SF

      Greenville Flex Space For Rent

      Flex space industrial park located off Pelham Road.
      18 Brozzini Ct, Greenville, SC 29615
      View Details
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    5024 Pelham Rd
    Greenville, SC 29615-5717
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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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