Office Building For
426 Fairforest Way Greenville, SC 29607
For Sale
Contact for pricing
Office building offered for sale, with available separate sale from a combined offering.
Property Size34,284 SF
Price / SF$198.03
Days on Market31
Property Features for 426 Fairforest Way
General Information
Standard status
Active
Size
34,284 SF
Property subtype
Office
Building Details
Year Built
1998
Listing Agency:
Trinity Partners
(864) 421-4747
Listed By:
Lakin Parr · License #SC90007
Source:
Crexi
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 6:00PM
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 Trinity Partners
Investment Insights
Based on property information with market context.
This offering is for an office building available for sale. The property is also part of a combined sale package that includes 215 Stoneridge Dr., though it is available separately.
The annual lease rate provided for the offering is $374,510.88, with a net rent of $10.92 per square foot as listed. The combined sale price referenced with 215 Stoneridge Dr. is $6,789,142, while this property has an indicated list price of $6,789,142.
The property size is listed as 34,284 square feet.
The annual lease rate provided for the offering is $374,510.88, with a net rent of $10.92 per square foot as listed. The combined sale price referenced with 215 Stoneridge Dr. is $6,789,142, while this property has an indicated list price of $6,789,142.
The property size is listed as 34,284 square feet.
Key Highlights
- Office building built in 1998
- Annual lease rate listed at $374,510.88
- Net rent SF listed at $10.92
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $789.9k | $23.04 |
| − Vacancy | −$86.9k | −$2.53 |
| EGI | $703.0k | $20.51 |
| − OpEx | −$175.8k | −$5.13 |
| NOI | $527.3k | $15.38 |
34,284 SF · lease $23.04/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.53M
$6.59M – $8.79M
NOI $527,260 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.65M
$12.82M – $17.09M
NOI $1,025,376 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale, with available separate sale from a combined offering.
Where is this office building located?
The property is located at 426 Fairforest Way Greenville, SC.
What is the asking price?
The asking price for this property is $6,789,142.
What are key features of this property?
This property features: Office building built in 1998; Annual lease rate listed at $374,510.88; Net rent SF listed at $10.92
