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    255 Service Bay Rd Mauldin, SC 29662-2648
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    Property profile & analytics

    255 Service Bay Rd, Mauldin, SC 29662-2648

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    • Individual retail properties
    • 1.42 lot acres
    Off-Market
    Last Sale Jan 30, 2024
    $4,900,000
    Property ID
    US77-1076306
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carolina Ballet Theatre / Theater & Performing Art Venue
    • Greenville Gymnastics Training Center / Gym & Fitness Center
    • Big Blue Marble Academy Mauldin / Daycare Center / Foster Care Service
    • After School Plus / Tutoring Service / Training Center
    • Carolina One Volleyball / Gym & Fitness Center / Sports Field & Court

    Property Details for 255 Service Bay Rd

    Lot size
    1.42 lot acres
    Zone code
    RR-ROW
    Property type
    Individual retail properties
    APN
    M005.01-02-018.01
    APU
    M005010201801

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 10, 2024 $3,365,000 Upstate Big Blue LLC Brttt Real Estate LLC Deed $1.9M · First Bank
    Mar 27, 2024 — Bbma Mauldin LLC Bixler And Dollar LLC Quitclaim Deed · related $200k · United Community Bank
    Jan 30, 2024 $4,900,000 Carolina Sports Club LLC Britt Real Estate LLC Limited Warranty Deed $900k · Britt Real Estate LLC
    Jan 26, 2024 — Britt Real Estate LLC Bbma Mauldin LLC Deed —
    Aug 17, 2022 — Bbma Mauldin LLC — Deed · related $193k · Richard C Beaty SR
    Aug 10, 2022 — Bbma Mauldin LLC Britt Real Estate LLC Warranty Deed $2.1M · United Community Bank
    Oct 24, 2019 $250,000 Britt Real Estate LLC Richard C Beaty SR. Warranty Deed $225k · Richard C SR Beaty
    Oct 24, 2019 — Britt Real Estate LLC — Deed · related $225k · Richard C SR Beaty
    Nov 18, 2014 — Britt Real Estate LLC Renaissance Greenville LLC Trustees Deed · related $1.4M · Greer St Bk
    Apr 11, 2008 $500,000 Renaissance Greenville LLC Pierce Hardy Grant Deed $425k · First Savers Bank
    — — Renaissance Greenville LLC — Deed Of Trust · related $479k · Plantation Federal Bank
    — — Renaissance Greenville LLC — Deed Of Trust · related $525k · Plantation Federal Bank
    — — Britt Real Estate LLC — Deed Of Trust · related $5k · Redevelopment Agcy
    — — Renaissance Greenville LLC — Deed Of Trust · related $20k · Plantation Federal Bank
    — — Britt Real Estate LLC — Deed Of Trust · related $203k · Greer St Bk
    — — Britt Real Estate LLC — Deed Of Trust · related $225k · Richard C SR Beaty

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,900,000
      ML approach
      $4,900,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mauldin
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.305
    Latitude
    34.7753
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,596
    $15,160
    $27,720
    $42,880
    -
    $252,680
    $462,060
    $714,740

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      20 Pointe Blvd

      BARBER, HAIR SALON
      20 Pointe Blvd, Mauldin, SC 29662-2565
      View Details
    • Value Estimation by Request
      2.85 Acres

      251 Service Bay Rd

      GYM, HEALTH SPA
      251 Service Bay Rd, Mauldin, SC 29662
      View Details
    • Value Estimation by Request
      0.19 Acres

      210 Main St

      LAUNDROMAT (SELF-SERVICE)
      210 Main St, Mauldin, SC 29662-2512
      View Details
    • Value Estimation by Request
      0.57 Acres

      205 Butler Rd

      LAUNDROMAT (SELF-SERVICE)
      205 Butler Rd, Mauldin, SC 29662-2105
      View Details
    • Value Estimation by Request
      2.10 Acres

      Bon Air St

      RETAIL STORES (PERSONAL SERVICES)
      Bon Air St, Mauldin, SC 29662
      View Details
    • Value Estimation by Request
      0.90 Acres

      401 Butler Rd

      FINANCIAL BUILDING
      401 Butler Rd, Mauldin, SC 29662-2532
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,136 SF

      Former Carwash on Butler Road

      Carwash with 9 bays and 4 vacuums on 0.60 acres.
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    • Contact for pricing
      3,509 SF

      Freestanding Bank Branch with Drive-Thru

      Well-positioned bank branch in high-growth Mauldin, SC.
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      Drive-Thru Investment Opportunity

      Net lease investment opportunity with a national brand tenant.
      203 South Main St, Mauldin, SC 29662
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      202 N Main St, Mauldin, SC 29662
      View Details
    • $699,000

      Mauldin Development Opportunity For Sale

      10.50 AC development opportunity in Mauldin, South Carolina.
      305 N Main St, Mauldin, SC 29662
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Retail Space in Mauldin, SC

      3,500 SF retail space available for lease in Mauldin.
      413-439 N Main St, Mauldin, SC 29662
      View Details
    • Contact for pricing

      Retail Space Near High-Traffic Intersection

      Retail space available near Publix, Starbucks, and Chick-fil-A.
      111 W Butler Rd, Mauldin, SC 29662
      View Details
    • $17 SF/Yr

      Retail Space Next to Fitness

      Retail space available next to Crunch Fitness on W Butler Road.
      207 West Butler Rd, Mauldin, SC 29662
      View Details
    • Contact for pricing

      Commercial Land for Rent

      Fenced commercial land with I-85 access available for rent.
      1520 Old Stage Rd, Mauldin, SC 29662
      View Details
    • Contact for pricing
      5,876 SF

      Creative Office Space Available

      Recently renovated creative office space for lease.
      11 Forest Ridge Way, Greenville, SC 29662
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    Request Owner's contact information
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    255 Service Bay Rd
    Mauldin, SC 29662-2648
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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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