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    FOR SALE
    Office buildings

    426 Fairforest Way, Greenville, SC 29607

    2.81 ac lot
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US77-0748354
    Property summary
    AI-generated overview

    This exceptional retail investment opportunity encompasses two strategically located properties in South Carolina: 426 Fairforest Way, Greenville (Greenville County, zip 29607), and 215 Stoneridge Dr, Columbia (Richland County, zip 29210). The portfolio boasts a combined 6,716 to 34,284 square feet of retail space, situated on a total of 0.66 to 2.81 acres of land. Built between 1978 and 1998, these properties offer a strong foundation for continued success. The current lease agreement has 13 years remaining, expiring August 14, 2037, providing long-term stability and predictable cash flow. The properties generate a substantial net operating income (NOI) of $460,504, representing a compelling 6.75% capitalization rate. With a price per square foot of $198.99, this portfolio presents a rare opportunity to acquire high-quality retail assets in thriving South Carolina markets. Ample parking is available, with 119 spaces across both locations. The properties are identified by APN numbers 07212-03-05 and M012030100112. This investment offers a unique blend of established income and significant long-term growth potential in two dynamic South Carolina cities, known for their strong economies and favorable business climates. The Greenville location benefits from excellent highway access, proximity to Greenville Spartanburg International Airport, and a robust business environment attracting numerous Fortune 500 companies and international businesses. Columbia's central location provides easy access to major markets via air, land, and sea, supported by a highly skilled workforce and strong highway connectivity.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Lot 2.81 ac (122,273 SF)
    Zoning code S-1
    APN M012.03-01-001.12
    UPID US77-0748354
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rogers & Callcott Environmental Environmental Consultant Environmental Engineer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $545k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $545k
    Owner & transaction history
    Avery Bowen Maalouf Properties LLC · 18 yrs held
    Avery Bowen Maalouf Properties LLC
    since 2007
    7 recorded transactions
    2020
    2016
    2007
    $1.2M
    2007
    $1.2M
    1969
    1969
    1969
    Zoning & alternative use
    S-1 · Greenville, SC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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