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Thomas Centre 111 Smith Hines Rd

35,453 SF 73% Leased Flex Building Greenville, SC 29607 $4,500,000 ($126.93/SF) 7.15% Cap Rate

INVESTMENT HIGHLIGHTS

  • Value-add or owner occupancy investment opportunity, currently 72.86% leased
  • 80% office with some smaller warehouse spaces
  • Contiguous, sprinklered vacancy available for lease or occupancy, with a shower
  • Current NOI: $321,576/year
  • Strong tenant mix with diverse professional groups to include engineering, health care, research and service groups
  • Over 110 surface level parking spaces

EXECUTIVE SUMMARY

Value-add or owner occupancy investment opportunity, currently 72.86% leased
Current NOI: $321,576/year
~80% office with some smaller warehouse spaces
Strong tenant mix with diverse professional groups to include engineering, health care, research
and service groups

PROPERTY FACTS

Price $4,500,000
Price Per SF $126.93
Sale Type Investment or Owner User
Cap Rate 7.15%
Property Type Flex
Property Subtype
Flex Research & Development
  • Office Medical
  • Office Office Live Work Unit
  • Office Industrial Live Work Unit
Building Class B
Lot Size 1.50 AC
Rentable Building Area 35,453 SF
No. Stories 1
Year Built 1988
Parking Ratio 3.1/1,000 SF
Clear Ceiling Height 21’3”
No. Dock-High Doors/Loading 9

AMENITIES

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0547.03-01-052.03
Land Assessment
$21,600
Improvements Assessment
$93,220
Total Assessment
$114,820

ZONING

Zoning Code S-1 (Service)
S-1 (Service)
  • Listing ID: 34714353

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 111 Smith Hines Rd, Greenville, SC 29607

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