Add Listing
    For Sale
    • 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

    001 Charlotte Highway unit 1 Lancaster, SC 29720

    View on Map
    Claim this Listing
    Picture of Land at 001 Charlotte Highway unit 1, Lancaster, SC
    For Sale
    $8,000,000

    LAND - Lancaster, SC

    Lot size:
    100.00 Acres
    Added:
    Aug 17, 2022
    Days on Market:
    1334
    Last Refresh:
    Apr 11 at 8:06 pm

    Property Features for 001 Charlotte Highway unit 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0015-00-047.00
    Lot size
    100.00 Acres

    Taxes and HOA fees

    Tax Description
    HWY 521

    We can help!

    Listing Contact
    Sheryl Bayko

    Listing agent Sheryl Bayko License #123948

    Listing office Fortner Bayko And Company 10635 Knox Avenue, Matthews, SC

    Listing date Aug 17, 2022

    MLS# 3891709 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lancaster Land For Sale

    This 100-acre land parcel is located in Lancaster, South Carolina. The property is situated within the Southern Panhandle Small Area Plan. Proposed zoning designates the land for medium-density residential use, supporting 2.5 units per acre. As part of the approval process, the buyer will be required to extend Henry Harris through the property to reach Van Wyck. Water and sewer services are currently available in 521; the buyer is responsible for verification.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.777838
    Latitude
    34.737783

    Nearby Similar for Sale

    • $400,000

      Lancaster Acreage: Build Your Dream

      3.11 acres in Lancaster, SC, ideal for custom home.
      6231 Witherspoon Trail, Lancaster, SC 29720
      View Details
    • $975,000

      Two Professional Buildings Near MUSC

      Two professional office buildings near MUSC in Lancaster, South Carolina.
      1201 Colonial Commons Court, Lancaster, SC 29720
      View Details
    • $1,500,000

      Versatile Land on Charlotte Highway

      5.61-acre wooded property with residential and commercial potential.
      Charlotte Highway, Lancaster, SC 29707
      View Details
    • $2,500,000

      Prime Land on Highway 521

      3.96 acres ideal for commercial or residential development.
      6993 Charlotte Highway, Lancaster, SC 29707
      View Details
    • $625,000

      19.32 Acres in Indian Land

      Land with natural features ideal for country living.
      6327 Witherspoon Trail, Lancaster, SC 29720
      View Details
    • $98,900

      Wooded Homesite in Gated Community

      Under an acre homesite in desirable gated community.
      3315 Sherman Drive, Lancaster, SC 29720
      View Details
    • $69,900

      Commercial Lot on Highway S 200

      Prime commercial lot with high visibility and utilities available.
      2067 Great Falls Highway, Lancaster, SC 29720
      View Details
    • $199,000

      Wooded Land in Lancaster County

      Two wooded acres for custom home in desirable Lancaster County.
      Van Wyck Road unit: B, Lancaster, SC 29720
      View Details
    • $69,000

      Commercial Lot on Highway S 200

      Prime commercial lot with high visibility and utilities connected.
      2067 Great Falls Highway, Lancaster, SC 29720
      View Details
    • $160,000

      Residential Land in Riverchase Estates

      Homesite in a sought-after community with resort amenities.
      4053 Persimmon Road unit: 49, Lancaster, SC 29720
      View Details
    • $150,000

      Lancaster, SC 10-Acre Land Parcel

      10-acre R10-zoned land in Lancaster, SC, suitable for development.
      Old Landsford Road, Lancaster, SC 29720
      View Details
    • $1,600,000

      Lancaster Land with Highway Frontage

      25 acres of land ideal for development or investment.
      3080 Charlotte Highway, Lancaster, SC 29720
      View Details

    FAQs

    What type of property is this?
    Land - 100 acre land parcel in Lancaster, South Carolina.
    Where is this land located?
    The property is located at 001 Charlotte Highway unit 1 Lancaster, SC.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Located in the Southern Panhandle Small Area Plan.; Property zoning proposed for medium density residential (2.5 units/acre).; Opportunity to participate in the recently adopted Southern Panhandle Small Area Plan Extension.
    (704) 763-2221
    We can help!
    Listing Contact
    Sheryl Bayko
    Real Estate License ID: 123948
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!