Mixed-Use
For Sale
Contact for pricing
203 S Weston St, Fountain Inn, SC 29644
Commercial property offering a documented mixed-use classification in Fountain Inn.
Property Size4,469 SF
Price / SF$335.65
Days on Market137
Property Features for 203 S Weston St
General Information
Standard status
Active
Size
4,469 SF
Total Parking Spaces
33
Property subtype
Retail, Office, Mixed Use
Listing Agency:
Keller Williams Greenville Central
(864) 400-4200
Listed By:
Mark Rucker · License #SC 47176
Source:
Crexi
Added: Apr 17
Changed: Aug 30
Last Checked: Aug 30 at 7:21PM
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 Keller Williams Greenville Central
Investment Insights
Based on property information with market context.
This mixed-use property encompasses 4,469 square feet and is identified for commercial real estate use. The asset is located at 203 S Weston St in Fountain Inn, South Carolina 29644.
Key Highlights
- 4,469‑square‑foot mixed‑use property
- Located at 203 S Weston St, Fountain Inn, SC 29644
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,254
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,080
$925.1K
Cap Rate 7%
$660,771
$660.8K
Cap Rate 9%
$513,933
$513.9K
Market Conditions
NOI Build-Up for 4,469 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.4K $18.00/SF
− Vacancy
−$6.4K −$1.44/SF
EGI
$74.0K $16.56/SF
− OpEx
−$27.8K −$6.21/SF
NOI
$46.3K $10.35/SF
Area
Greenville County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,080
Cap Rate 7%
$660,771
Cap Rate 9%
$513,933
Alternative Uses
Best Use
Mixed Use
$660.8K
$578.2K – $770.9K
NOI $46,254 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,660 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 29644, SC
22,357
Population
9,401
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
88%
High-School Grad
82.0 sq mi
ZIP Area
273
Density / Sq Mi
$67,527
Median Household Income
$42,201
Median Earnings
$1,060
Median Rent
$234,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property offering a documented mixed-use classification in Fountain Inn.
Where is this mixed-use property located?
The property is located at 203 S Weston St Fountain Inn, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,469‑square‑foot mixed‑use property; Located at 203 S Weston St, Fountain Inn, SC 29644
