Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    615 Main S St Greenwood, SC 29646-3245

    Property Lookup

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

    615 Main S St Greenwood, SC 29646-3245

    View on Map
    • Office buildings
    • 6,235 SF
    • 0.40 lot acres
    Off-Market
    Last Sale May 27, 2021
    $650,000
    Property ID
    US77-1601538
    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.
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elite Home Care and Day Centers / Mental Health Service / Senior Citizen Center

    Property Details for 615 Main S St

    Year built
    1950
    Lot size
    0.40 lot acres
    Property size
    6,235 SF
    Property type
    Office buildings
    APN
    6845-961-835
    APU
    6845961835

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $345k - $709k
      AI Estimate
      $686,000
      Market price range: $345k - $709k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $480,000
      Current use
      RESTAURANT
      $1,050,000
      Change: +120% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $415,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1588
    Latitude
    34.1872
    CBSA code
    24940
    CBSA name
    GREENWOOD, SC MICROPOLITAN 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
    $14,947
    $0.00
    $0.00
    $33,150
    -
    $110,000
    $442,500
    $552,500

    Comparable in this City

    • Value Estimation by Request
      1,136 SF

      109 Byp 25th SE

      OFFICE BUILDING • 1,136 SF
      109 Byp 25th SE, Greenwood, SC 29646-3616
      View Details
    • Value Estimation by Request
      1,218 SF

      201 Hampton Ave E E Ste

      OFFICE BUILDING • 1,218 SF
      201 Hampton Ave E E Ste, Greenwood, SC 29646-2271
      View Details
    • Value Estimation by Request
      2,012 SF

      1744 Main S St

      OFFICE BUILDING • 2,012 SF
      1744 Main S St, Greenwood, SC 29646-4124
      View Details
    • Value Estimation by Request
      5,750 SF

      425 Emerald N Rd

      OFFICE BUILDING • 5,750 SF
      425 Emerald N Rd, Greenwood, SC 29646-3062
      View Details
    • Value Estimation by Request
      3,339 SF

      220 Magnolia Ave

      OFFICE BUILDING • 3,339 SF
      220 Magnolia Ave, Greenwood, SC 29646-2753
      View Details
    • Value Estimation by Request
      2,006 SF

      327 Main St, Unit 1

      OFFICE BUILDING • 2,006 SF
      327 Main St, Greenwood, SC 29646-1601
      View Details

    Similar Nearby for Sale

    • $455,000
      12,646 SF

      Greenwood Commercial Property For Sale

      Two buildings on 1.83 acres, ideal for warehousing.
      205 Ginn St, Greenwood, SC 29646
      View Details
    • New
      $195,000
      1,817 SF

      Versatile Commercial Space in Greenwood

      Adaptable commercial space in downtown Greenwood, ideal for various ventures.
      327 Or 8, Greenwood, SC 29646
      View Details
    • $350,000
      1.80 Acres

      Greenwood Commercial Acreage For Sale

      1.8 acre commercial lot with high visibility and traffic.
      1421 Cambridge Ave, Greenwood, SC 29646
      View Details
    • $50,000
      1,817 SF

      Greenwood Historic Building Fifth Floor

      Fifth floor of historic building suitable for commercial or residential.
      327 Main St, Greenwood, SC 29646
      View Details
    • $159,000
      1,722 SF

      Versatile Commercial Building, Greenwood SC

      Adaptable commercial building with high visibility and flexible build-out options.
      1601 E Cambridge Ave, Greenwood, SC 29646
      View Details
    • $799,900
      6,000 SF

      Versatile Commercial Flex Property

      6,000 sq ft commercial flex property in Greenwood, SC.
      463 Calhoun Ave, Greenwood, SC 29646
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Walmart

      Two lots available for rent near Highway 221.
      1421 Cambridge Ave, Greenwood, SC 29646
      View Details
    • $5 SF/Yr

      Industrial Building in Greenwood, SC

      37,800 SF industrial building for lease in Greenwood.
      111 Commerce Cir E, Greenwood, SC 29646
      View Details
    • Contact for pricing

      Retail Space Anchored by Walmart

      Retail space available in Greenwood, South Carolina, anchored by Walmart.
      1413 Cambridge Ave E, Greenwood, SC 29646
      View Details
    • Contact for pricing
      169,395 SF

      Industrial Warehouse with Expansion Potential

      169395 SF warehouse with expansion and rail access.
      1401 Highway 246 S, Greenwood, SC 29646
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 Main S St
    Greenwood, SC 29646-3245
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!