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    669 Butler Rd Mauldin, SC 29662

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    669 Butler Rd Mauldin, SC 29662

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    • Office properties & Spaces
    • 125,888 SF
    • 2.89 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 669 Butler Rd

    Lot size
    2.89 lot acres
    Property size
    125,888 SF
    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 669 W Butler Rd in Mauldin, South Carolina, presents a unique investment opportunity. The property encompasses a substantial 125,888 square feet of office space within a single-tenant configuration, offering significant potential for a variety of uses. Situated on a generous 2.89-acre lot, the property provides ample space for expansion, additional development, or simply enjoys the benefit of expansive grounds. The property's location in Greenville County, zip code 29662, offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The single-tenant occupancy simplifies management and provides a stable income stream. This property is ideal for businesses seeking a large, well-located office space with significant land for future growth or development. The combination of substantial square footage, ample land, and strategic location makes this a highly desirable commercial property in the thriving Mauldin market. The property type is classified as both Office and Land, offering flexibility and diverse potential. This is a rare opportunity to acquire a significant commercial asset in a prime South Carolina location. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mauldin
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3326
    Latitude
    34.7757

    Comparable in this City

    • Value Estimation by Request
      1.14 Acres

      1116 Ashmore Bridge Rd

      Land • 1.14 Acres
      1116 Ashmore Bridge Rd, Mauldin, SC 29662
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      11 Forrester Dr

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      11 Forrester Dr, Greenville, SC 29662
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      213 Butler Rd

      OFFICE BUILDING
      213 Butler Rd, Mauldin, SC 29662-2171
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    • Value Estimation by Request

      213 Butler Rd

      OFFICE BUILDING
      213 Butler Rd, Mauldin, SC 29662-2171
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    • Value Estimation
      $2,765,000
      505 SF

      309 Butler Rd

      MEDICAL BUILDING • 505 SF
      309 Butler Rd, Mauldin, SC 29662-2531
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    • Value Estimation
      $675,000
      0.32 Acres

      122 Main St

      OFFICE BUILDING • 0.32 Acres
      122 Main St, Mauldin, SC 29662-2554
      View Details

    Similar Nearby for Sale

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      Mauldin Commercial Property Investment

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      Mauldin Office Suites: Prime Location

      Fully furnished suites, flexible terms, great access.
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    Similar Nearby for Lease

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      Creative Office Space Available

      Creative office space for lease in Mauldin, South Carolina.
      11 Forrester Dr, Mauldin, SC 29662
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      500 SF

      Mauldin Office Suite Sublease

      Office suite for sublease in growing Mauldin, South Carolina.
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    • $6 SF/Yr

      Creative Office Space Available

      Creative office space for lease in Mauldin, South Carolina.
      11 Forrester Dr, Mauldin, SC 29662
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    • $8,025 /Mo

      Commercial Land for Rent

      Fenced commercial land with I-85 access available for rent.
      1520 Old Stage Rd, Mauldin, SC 29662
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    • Contact for pricing

      Retail Land on E Butler Road

      0.68 AC retail lot for ground lease or build-to-suit.
      779 East Butler Rd, Mauldin, SC 29662
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Mauldin, South Carolina.
      785 E Butler Rd, Mauldin, SC 29662
      View Details
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    669 Butler Rd
    Mauldin, SC 29662
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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