New Construction
New
For Sale
$770,000
211 Whatley Circle, Mauldin, SC 29662
Two residences offer open layouts, contemporary finishes, and main-level bedroom and bath arrangements.
Property Size4,542 SF
Days on Market6
Property Features for 211 Whatley Circle
General Information
Standard status
Active
Size
4,542 SF
Property subtype
Duplex
Amenities
Acres: 0.2, Area: 8712, Dimensions: 0.20, Square Feet: 8712
Roof: Architectural, Composition
Sewer: Public Sewer
Tax Annual Amount: $788
Cooling Included, Cooling: Electric
Heating Included, Heating: Electric
Contract Status Change Date: 2026-08-06, Listing Terms: Owner May Carry, Standard Status: Active
Parking Features: One Space
Elementary School: Greenbrier, Middle Or Junior School: Mauldin, High School: Mauldin
8 total bedrooms
Building Area Total: 4542, Built in 2026, Construction Materials: Hardboard Siding, Levels: Two, New Construction, Stories: 2
City: Mauldin, County Or Parish: Greenville, MLS Area Major: 030, Postal Code: 29662, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: M006020100601, Property Condition: New Construction, Property Sub Type: Duplex
6 full bathrooms, 6 total bathrooms
Water Source: Public
Foundation Details: Slab
Patio And Porch Features: Unit 1: Porch-Front, Unit 2: Porch-Front
Appliances: Electric Water Heater
Building Details
Building Size
4,542 SF
Year Built
2026
Listing Agency:
Realty One Group Freedom
(786) 305-1329
Listed By:
Annedy Pinto
(786) 305-1329
Source:
Blackstreaminternational
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 5:43AM
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 Realty One Group Freedom
Investment Insights
Based on property information with market context.
Built in 2026, this duplex includes two residences designed around open-concept living areas and contemporary finishes. Each unit has a bedroom and full bathroom on the main level, supporting guest accommodations, multigenerational living, or a private office setup. The property also includes a fully fenced backyard for outdoor use and added privacy.
The location provides access to I-385 and I-85, with Greenville and Simpsonville among the surrounding destinations. Grocery stores, pharmacies, restaurants, fitness centers, shopping, and other daily conveniences are within walking distance. The property can support an owner-occupant arrangement with one residence occupied and the other rented, or function as a two-unit rental property.
The location provides access to I-385 and I-85, with Greenville and Simpsonville among the surrounding destinations. Grocery stores, pharmacies, restaurants, fitness centers, shopping, and other daily conveniences are within walking distance. The property can support an owner-occupant arrangement with one residence occupied and the other rented, or function as a two-unit rental property.
Key Highlights
- 2026 construction with two residential units
- Open‑concept layouts and contemporary interior finishes
- Each unit includes a main‑level bedroom and full bathroom
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
$46,150
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
5.99%
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%
$923,000
$923.0K
Cap Rate 7%
$659,286
$659.3K
Cap Rate 9%
$512,778
$512.8K
Market Conditions
NOI Build-Up for 4,542 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
$69.8K $15.36/SF
− Vacancy
−$3.8K −$0.84/SF
EGI
$65.9K $14.52/SF
− OpEx
−$19.8K −$4.35/SF
NOI
$46.1K $10.16/SF
Area
Greenville County, SC
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$923,000
Cap Rate 7%
$659,286
Cap Rate 9%
$512,778
Alternative Uses
Best Use
Multifamily LT 5
$659.3K
$576.9K – $769.2K
NOI $46,150 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$589.9K
$516.2K – $688.2K
NOI $41,294 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,843 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 29662, SC
14,812
Population
6,512
Households
2.3
Avg Household Size
39
Median Age
35%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
2,693
Density / Sq Mi
$80,594
Median Household Income
$50,269
Median Earnings
$1,342
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer open layouts, contemporary finishes, and main-level bedroom and bath arrangements.
Where is this duplex located?
The property is located at 211 Whatley Circle Mauldin, SC.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 2026 construction with two residential units; Open‑concept layouts and contemporary interior finishes; Each unit includes a main‑level bedroom and full bathroom
