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    Property profile & analytics

    504 Main St Easley, SC 29640

    • Strip malls
    • 38,845 SF
    • 3.72 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    Apr 13, 2020
    $2,600,000
    Value Estimations
    $2,630,000
    Cap Rate Potential
    5.5%
    Strip malls
    Location Intelligence
    Property ID
    US77-2395159
    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

    • West End Shopping Center / Shopping Mall
    • West End Nutrition / Juice Shop
    • FedEx OnSite / Mailing Service
    • Tobacco Outlet / Tobacco Shop
    • Dollar General / Beauty Supply Store / Convenience Store

    Property Details for 504 Main St

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.72 lot acres
    Property size
    38,845 SF
    Zone code
    GENERAL COMMERCIAL DIST
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    5019-15-64-1022
    APU
    501915641022

    Description

    This prime retail property, located at 504 W Main St, Easley, SC 29640, offers ±5,000 and ±1,800 square feet of available space in a thriving strip center. The 38,878 square foot building sits on a 3.717-acre lot (APN: 501915641022) and enjoys a high-traffic location with approximately 17,300 vehicles passing daily. The property benefits from strong co-tenancy with established businesses such as Dollar General, World Finance, and Miracle Hill. Its strategic location across from the popular Silos of Easley and adjacent to a high-performing Hardee's (97th percentile nationally, according to PlacerAI data) ensures significant visibility and customer traffic. This presents a unique opportunity for businesses seeking to establish or expand their presence in the growing Easley market. The property is classified as a multi-tenant retail strip center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,090,000
      ML approach
      $2,720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,810,000
      6.5%
      $2,590,000
      7%
      $2,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,436,000
      Market price range: $2.75M - $5.34M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,010,000
      Current use
      RETAIL STORES
      $4,120,000
      Change: +3% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,995,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Easley
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.6123
    Latitude
    34.8298
    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
    $39,185
    $15,000
    $141,060
    $156,060
    -
    $250,000
    $2,351,000
    $2,601,000

    Comparable in this City

    • Value Estimation
      $530,000
      10,782 SF

      128 Rolling Hls Cir

      SHOPPING CENTER, STRIP CENTER • 10,782 SF
      128 Rolling Hls Cir, Easley, SC 29640-7400
      View Details
    • Value Estimation
      $3,205,000
      71,512 SF

      5155 Calhoun Memorial Hwy Ste A

      SHOPPING CENTER, STRIP CENTER • 71,512 SF
      5155 Calhoun Memorial Hwy Ste A, Easley, SC 29640-3861
      View Details
    • Value Estimation by Request
      7,500 SF

      601 Williams Ave Ste A

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      601 Williams Ave Ste A, Easley, SC 29640-3689
      View Details
    • Value Estimation
      $2,400,000
      7,932 SF

      5208 Calhoun Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 7,932 SF
      5208 Calhoun Memorial Hwy, Easley, SC 29640-3864
      View Details
    • Value Estimation
      $790,000
      17,000 SF

      1935 Main St

      SHOPPING CENTER, STRIP CENTER • 17,000 SF
      1935 Main St, Easley, SC 29640-3843
      View Details
    • Value Estimation
      $1,150,000
      16,826 SF

      101 Main St Ste A

      SHOPPING CENTER, STRIP CENTER • 16,826 SF
      101 Main St Ste A, Easley, SC 29640-2086
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in High-Traffic Area

      Retail space with strong tenant mix and high visibility.
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      Easley Retail Center - Main St.

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      Easley Retail Center - 2,400 SF Available

      High-traffic retail space, Easley, SC.
      5156 Calhoun Memorial Hwy, Easley, SC 29640
      View Details
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    504 Main St
    Easley, SC 29640
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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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