84-Unit Apartment Complex in
For Sale
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8025 White Horse Rd, Greenville, SC 29617
Apartment complex with 84 units, construction to be completed by Winter 2026.
Property Size77,665 SF
Price / SF$302.78
Days on Market541
Property Features for 8025 White Horse Rd
General Information
Standard status
Active
Size
77,665 SF
Class
A
Total Parking Spaces
121
Property subtype
Multifamily
Net Operating Income
$964,145
Building Details
Year Built
2024
Buildings
2
Stories
3
Units
84
Listing Agency:
Equity Real Estate (American Fork)
Listed By:
Porter Christensen · License #UT 11976924-SA00
Source:
Crexi
Added: Apr 24, 2025
Changed: Oct 10
Last Checked: Oct 16 at 7:41AM
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)
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$706,091
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,121,820
$14.1M
Cap Rate 7%
$10,087,014
$10.1M
Cap Rate 9%
$7,845,456
$7.8M
Market Conditions
NOI Build-Up for 77,665 SF
Gross rent
$1.35M $17.40/SF
− Vacancy
−$67.6K −$0.87/SF
EGI
$1.28M $16.53/SF
− OpEx
−$577.7K −$7.44/SF
NOI
$706.1K $9.09/SF
Area
Greenville County, SC
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,121,820
Cap Rate 7%
$10,087,014
Cap Rate 9%
$7,845,456
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 29617, SC
28,394
Population
11,599
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
80%
High-School Grad
22.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$54,146
Median Household Income
$35,291
Median Earnings
$1,046
Median Rent
$217,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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.
