Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8025 White Horse Rd Greenville, SC 29617

    • Apartment buildings
    • 77,665 SF
    For Sale
    View listing
    $23,515,724
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 8025 White Horse Rd

    Year built
    2024
    Property size
    77,665 SF
    Property type
    Apartment buildings

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.4676
    Latitude
    34.8939

    Comparable in this City

    • Value Estimation by Request
      2.43 Acres

      508 Sumter St

      MOBILE HOME PARK, TRAILER PARK • 2.43 Acres
      508 Sumter St, Greenville, SC 29617-2329
      View Details
    • Value Estimation by Request
      2.90 Acres

      514 Sumter St

      MOBILE HOME PARK, TRAILER PARK • 2.90 Acres
      514 Sumter St, Greenville, SC 29617-2355
      View Details
    • Value Estimation by Request
      0.14 Acres

      500 Palmetto Ave

      MOBILE HOME PARK, TRAILER PARK • 0.14 Acres
      500 Palmetto Ave, Greenville, SC 29617-2826
      View Details
    • Value Estimation by Request
      3.63 Acres

      608 Edgemont Ave

      MOBILE HOME PARK, TRAILER PARK • 3.63 Acres
      608 Edgemont Ave, Greenville, SC 29617-2890
      View Details
    • Value Estimation by Request
      0.24 Acres

      2204 Parker Rd

      MOBILE HOME PARK, TRAILER PARK • 0.24 Acres
      2204 Parker Rd, Greenville, SC 29617-2200
      View Details
    • Value Estimation by Request
      0.60 Acres

      1 Columbia Ave

      MOBILE HOME PARK, TRAILER PARK • 0.60 Acres
      1 Columbia Ave, Greenville, SC 29617-2800
      View Details

    Similar Nearby for Sale

    • $23,515,724
      77,665 SF

      Freeman Ranch Apartments: Greenville, SC

      Luxury Greenville Apartments: 84 Units, High ROI
      8025 White Horse Rd, Greenville, SC 29617
      View Details
    • $479,900
      2,666 SF

      New Duplex in Berea Heart

      New construction duplex near downtown Greenville, ideal for investors.
      10 Berea Forest Cir, Greenville, SC 29617
      View Details
    • $350,000
      0.38 Acres

      Greenville Duplex with Commercial Zoning

      Income-producing duplex with commercial zoning and development potential.
      3 Rangeview Cir, Greenville, SC 29617
      View Details
    • $575,000
      4,247 SF

      Three-House Portfolio in Greenville County

      Three houses with in-place income and strong rental demand.
      601 Tindal Rd, Greenville, SC 29617
      View Details
    • $139,000
      0.19 Acres

      Hwy 253 & Lindsay St Land

      High-traffic corner lot, ideal for mixed-use.
      0 Cor Of Hwy. 253 & Lindsay St, Greenville, SC 29617
      View Details
    • $605,000
      2,900 SF

      Greenville Industrial Flex Building

      ±2,900 SF; Office & Warehouse Space
      103 N Highway 25 Byp, Greenville, SC 29617
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Prime Greenville County Retail Space

      6,000 SF Retail Building - High Growth Area
      0 Address Not Disclosed, Greenville, SC 29617
      View Details
    • Contact for pricing
      18,000 SF

      Retail Development on White Horse Road

      Retail spaces for lease in Greenville near White Horse Road.
      7909 White Horse Road Ext, Greenville, SC 29617
      View Details
    • $26 SF/Yr
      2,400 SF

      Corner Office/Retail Space Available

      Office/retail building on corner lot near Furman University.
      5055 Old Buncombe Rd, Greenville, SC 29617
      View Details
    • $12 SF/Yr
      4,950 SF

      Greenville Industrial Warehouse For Sale

      4,950 SF Warehouse, Excellent Location
      1317 Cedar Lane Rd, Greenville, SC 29617
      View Details
    • $14 SF/Yr
      2,400 SF

      Industrial Property with Fenced Yard

      2,400 SF industrial space with office and fenced yard.
      Butler Rd, Greenville, SC 29617
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8025 White Horse Rd
    Greenville, SC 29617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.