426 Fairforest WayGreenville, SC 29607

Property Details for 426 Fairforest Way

Lot size

2.81 AC

Zone code

S-1

Property type

Office properties

Property subtype

Office buildings

APN

M012.03-01-001.12

APU

M012030100112

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $26,842,348

  6.5%

  $24,777,552

  7%

  $23,007,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,066,736

  Geo Method

  $10,066,736

• Alternative Use

  Use

  Valuation

  Residential

  $30,724,164

  Hospitality

  $28,143,168

  Educational

  $23,414,786

  Medical

  $24,220,056

  Retail

  $36,423,000

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.7918

Longitude

-82.3482

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].