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    8025 White Horse Rd Greenville, SC 29617

    Sponsored
    For Sale
    $23,515,724

    Luxury Greenville Apartments: 84 Units, High ROI

    Property size:
    77,665 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A multifamily investment opportunity, Freeman Ranch Apartments, presents 84 units within two 3-story buildings totaling 77,665 square feet. Located at 8025 White Horse Rd, Greenville, SC 29617, in the rapidly growing Berea area of Greenville County, this property boasts a compelling 4.10% cap rate and a strong NOI of $964,145. The asking price is $23,515,724, translating to $279,949 per unit and $302.78 per square foot. Construction is underway and slated for completion by the end of 2024, with a certificate of occupancy anticipated from Greenville County upon completion. The property features 121 parking spaces and a net rentable area of 64,787 square feet. Its prime location offers convenient access to Furman University (5-minute drive) and Downtown Greenville (15-minute drive), situated directly on White Horse Road, a major thoroughfare. This represents a turnkey investment in a high-demand area, poised for significant appreciation as rents increase upon completion. The APN is B005020102400. This is a fully developed project upon completion.

    Property Features for 8025 White Horse Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    77,665 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    3
    Units
    84

    HighLights

    • Five‑minute drive to Furman University; fifteen‑minute drive to Downtown Greenville.
    • Located in Greenville County's rapidly developing Berea area.
    • High‑traffic location on White Horse Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.46756153
    Latitude
    34.89394244

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Greenville Apartments: 84 Units, High ROI
    Where is this multifamily property 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: Five-minute drive to Furman University; fifteen-minute drive to Downtown Greenville.; Located in Greenville County's rapidly developing Berea area.; High-traffic location on White Horse Road.
    Request Owner's contact information
    8025 White Horse Rd Greenville, SC 29617
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    Greenville, SC 29617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8025 White Horse Rd Greenville, SC 29617
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