New Construction
For Sale
$359,320
815 Feldspar Manor, Graniteville, SC 29829
One-story townhome duplex with open living areas, abundant storage, and a kitchenette.
Property Size2,334 SF
Price / SF$153.95
Days on Market40
Property Features for 815 Feldspar Manor
General Information
Standard status
Active
Size
2,334 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Stories
1
Listing Agency:
D.R. Horton Realty of Georgia, Inc.
(803) 270-3558
Listed By:
Dawn McElmurray · License #118523
Source:
Bradberrygarnerrealestate
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 12:14PM
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 D.R. Horton Realty of Georgia, Inc.
Investment Insights
Based on property information with market context.
Built in 2023, this one-story townhome duplex contains 2,334 square feet with five bedrooms and four full bathrooms. Its interior uses an open arrangement that connects the main living spaces, while built-in storage supports everyday functionality. A kitchenette adds flexibility for entertaining or extended household arrangements.
The property is located at 815 Feldspar Manor in Graniteville, South Carolina. Homeowners association services include lawn maintenance, reducing the need for residents to handle routine exterior landscaping.
The property is located at 815 Feldspar Manor in Graniteville, South Carolina. Homeowners association services include lawn maintenance, reducing the need for residents to handle routine exterior landscaping.
Key Highlights
- Duplex built in 2023
- 2,334 square feet of living space
- Five bedrooms and four full bathrooms
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
$21,198
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
5.90%
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%
$423,960
$424.0K
Cap Rate 7%
$302,829
$302.8K
Cap Rate 9%
$235,533
$235.5K
Market Conditions
NOI Build-Up for 2,334 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
$32.2K $13.80/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$30.3K $12.97/SF
− OpEx
−$9.1K −$3.89/SF
NOI
$21.2K $9.08/SF
Area
Aiken County, SC
Vacancy
5.98%
Lease Rate
$13.80 /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%
$423,960
Cap Rate 7%
$302,829
Cap Rate 9%
$235,533
Alternative Uses
Best Use
Multifamily LT 5
$302.8K
$265.0K – $353.3K
NOI $21,198 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,475 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$449.9K
$393.7K – $524.9K
NOI $31,492 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 29829, SC
12,567
Population
4,849
Households
2.6
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
34.9 sq mi
ZIP Area
360
Density / Sq Mi
$76,025
Median Household Income
$40,799
Median Earnings
$1,073
Median Rent
$225,600
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 - One-story townhome duplex with open living areas, abundant storage, and a kitchenette.
Where is this duplex located?
The property is located at 815 Feldspar Manor Graniteville, SC.
What is the asking price?
The asking price for this property is $359,320.
What are key features of this property?
This property features: Duplex built in 2023; 2,334 square feet of living space; Five bedrooms and four full bathrooms
