Listing Agency: Wilson Kibler | Greenville Show Phone

Listed By: Robert Carter · License #77147 Show Phone

Source: Moodyscre

Added: Sep 18, 2023 Changed: Oct 15 Last Checked: Oct 15 at 1:03AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wilson Kibler | Greenville

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Investment Insights

Based on property information with market context.

This assisted living facility provides 52 beds within approximately 21,475 square feet on roughly 7.32 acres. The property includes ample parking and is situated in Richland County, offering a substantial site and existing improvements for senior-care operations.

Access is provided near the connection of Highway 378/Garners Ferry Road and Highway 601/McCords Ferry Road. Recorded 2020 traffic volumes are 19,532 VPD on Garners Ferry Road and 5,086 VPD on McCords Ferry Road. The surrounding two-mile area has a median age of 42, adding demographic context for evaluating the facility’s setting.

Key Highlights

• 52‑bed assisted living facility
• Approximately 21,475 SF on approximately 7.32 AC
• Near Highway 378/Garners Ferry Rd. and Highway 601/McCords Ferry Rd.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$166,007

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,320,140 $3.3M

Cap Rate 7%

$2,371,529 $2.4M

Cap Rate 9%

$1,844,522 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,475 SF

Gross rent

$322.1K $15.00/SF

− Vacancy

−$20.3K −$0.95/SF

EGI

$301.8K $14.06/SF

− OpEx

−$135.8K −$6.32/SF

NOI

$166.0K $7.73/SF

Area

Richland County, SC

Vacancy

6.30%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,320,140

Cap Rate 7%

$2,371,529

Cap Rate 9%

$1,844,522

Alternative Uses

Best Use

Apartment 5plus

$2.37M

$2.08M – $2.77M (±1% cap)

NOI $166,007 @ 7.0% cap · market cap 4.74%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.85M

$4.24M – $5.65M (±1% cap)

NOI $339,192 @ 7.0% cap · market cap 9.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Assisted living facilities

Suggested Use

Top Pick Grocery & Convenience Store Real Estate Agency Wine and Liquor Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29044, SC

4,993

Population

2,536

Households

2

Avg Household Size

47

Median Age

15%

College-Educated

86%

High-School Grad

137.1 sq mi

ZIP Area

36

Density / Sq Mi

$53,709

Median Household Income

$30,313

Median Earnings

$1,084

Median Rent

$112,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Assisted living facility - Existing parking and a substantial building support an assisted living operation in Richland County.

Where is this assisted living facility located?

The property is located at 2802 Mccords Ferry Rd Eastover, SC.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 52‑bed assisted living facility; Approximately 21,475 SF on approximately 7.32 AC; Near Highway 378/Garners Ferry Rd. and Highway 601/McCords Ferry Rd.