84-Unit Apartment Complex in
8025 White Horse Rd Greenville, SC 29617
8025 White Horse Rd, Greenville, SC, 29617
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For Sale
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Apartment complex with 84 units, construction to be completed by Winter 2026.
Property Size77,665 SF
Price / SF$302.78
Days on Market450
Property Features for 8025 White Horse Rd
General Information
- Standard status
- Active
- Size
- 77,665 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing Agency
Equity Real Estate (American Fork)
Listed by
Porter Christensen · License #UT 11976924-SA00
Source
Crexi
Added: Apr 24, 2025 Checked: Jul 17 at 1:51 pm
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 Equity Real Estate (American Fork)
Investment Insights
Based on property information with market context.
Freeman Ranch Apartments is an 84-unit apartment complex located in Greenville County. The property size is 77665 square feet. Construction has begun and is on schedule to be completed by Winter of 2026. The price reflects a fully constructed and developed project with a certificate of occupancy from Greenville County.
Key Highlights
- 84‑unit apartment complex in Greenville County.
- Construction scheduled for completion by Winter 2026.
- Price reflects a fully constructed and developed project with certificate of occupancy.
Local Financial Insights For Apartment 5plus
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 | $1.35M | $17.40 |
| − Vacancy | −$67.6k | −$0.87 |
| EGI | $1.28M | $16.53 |
| − OpEx | −$577.7k | −$7.44 |
| NOI | $706.1k | $9.09 |
77,665 SF · lease $17.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.09M
$8.83M – $11.77M
NOI $706,091 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.18M
$29.04M – $38.71M
NOI $2,322,827 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment complex with 84 units, construction to be completed by Winter 2026.
Where is this apartment building located?
The property is located at 8025 White Horse Rd Greenville, SC.
What is the asking price?
The asking price for this property is $23,515,724.
What are key features of this property?
This property features: 84‑unit apartment complex in Greenville County.; Construction scheduled for completion by Winter 2026.; Price reflects a fully constructed and developed project with certificate of occupancy.
