Fully Leased Retail Strip
For Sale
Contact for pricing
15 Ray E Talley Ct, Simpsonville, SC 29681
Fully leased retail strip center anchored by Subway and Great Clips along Fairview Road.
Property Size6,300 SF
Price / SF$436.51
Days on Market191
Property Features for 15 Ray E Talley Ct
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$141,710
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Units
4
Tenancy
Multi
Listing Agency:
Klue Real Estate Advisors
Listed By:
Lisa Williams · License #SC
Source:
Crexi
Added: Apr 12
Changed: Oct 1
Last Checked: Oct 19 at 6:17AM
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 Klue Real Estate Advisors
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Investment Insights
Based on property information with market context.
15 Ray E Talley Ct is a fully leased retail strip center with tenant occupancy that includes Subway and Great Clips. The property is positioned as an established neighborhood shopping option within a retail strip format.
The center is located along the Fairview Road corridor, providing visibility and convenient access, with proximity to I-385. Surrounding development includes major national retailers and dense residential growth, supporting steady day-to-day consumer traffic to the site.
The center is located along the Fairview Road corridor, providing visibility and convenient access, with proximity to I-385. Surrounding development includes major national retailers and dense residential growth, supporting steady day-to-day consumer traffic to the site.
Key Highlights
- Fully leased retail strip center built in 2000
- Tenants include Subway and Great Clips
- Located along the Fairview Road corridor with high traffic flow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,357
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,867,140
$1.9M
Cap Rate 7%
$1,333,671
$1.3M
Cap Rate 9%
$1,037,300
$1.0M
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$138.3K $21.96/SF
− Vacancy
−$5.0K −$0.79/SF
EGI
$133.4K $21.17/SF
− OpEx
−$40.0K −$6.35/SF
NOI
$93.4K $14.82/SF
Area
Greenville County, SC
Vacancy
3.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,867,140
Cap Rate 7%
$1,333,671
Cap Rate 9%
$1,037,300
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,357 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,422 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
762k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 18%
Superstores 16%
Home Improvements & Furnishings 10%
Walmart
Superstores
124,347 visits/mo
0.2 miles
Chick-fil-A
Dining
50,875 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
42,741 visits/mo
0.4 miles
Kohl's
Apparel
42,696 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
33,225 visits/mo
0.3 miles
Demographics for 29681, SC
63,257
Population
25,079
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
43.7 sq mi
ZIP Area
1,448
Density / Sq Mi
$107,694
Median Household Income
$54,834
Median Earnings
$1,615
Median Rent
$325,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail strip center anchored by Subway and Great Clips along Fairview Road.
Where is this strip mall located?
The property is located at 15 Ray E Talley Ct Simpsonville, SC.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Fully leased retail strip center built in 2000; Tenants include Subway and Great Clips; Located along the Fairview Road corridor with high traffic flow
