Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3135 Old Hickory Rd Lancaster, SC 29720

    Sponsored
    For Sale
    $7,000,000

    LAND - Lancaster, SC

    Lot size:
    155.00 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 19 at 11:06 pm

    Property Features for 3135 Old Hickory Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN
    APN
    0045-00-004.00
    Lot size
    155.00 Acres

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Lauren Little

    Keller Williams Ballantyne Area (704) 887-6600 [email protected]

    Listing agent Lauren Little (704) 964-8313

    Listing date Jan 10, 2026

    MLS# 4334525 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.

    Learn more

    Property Insight Report

    Overview

    155 Acres Agricultural/Residential Land

    This is a rare opportunity to acquire 155 acres of agricultural/residential zoned land in Lancaster, South Carolina. The land includes stables, a dog kennel, and 10 donkey/horse shelters of various sizes, providing immediate utility for agricultural, equestrian, or income-producing uses. It can be sold together or separately from the adjacent existing 2-acre homesite with pool, offering potential for estate expansion, subdivision, or long-term investment. The expansive acreage, existing infrastructure, and flexible zoning make this ideal for investors, developers, or buyers seeking large acreage with upside potential in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Auto Repair Shop Tech Support Center Bookstore

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.827604
    Latitude
    34.798969

    Nearby Similar for Sale

    • $525,000
      12.21 Acres

      Lancaster Land with Custom Home

      12+ acres with a full-brick custom home.
      4768 Old Church Rd, Lancaster, SC 29720
      View Details
    • $975,000
      0.82 Acres

      Two Professional Buildings Near MUSC

      Two professional office buildings near MUSC in Lancaster, South Carolina.
      1201 Colonial Cmns Ct, Lancaster, SC 29720
      View Details
    • $799,900
      39.80 Acres

      Farmland with Barn and Ponds

      39.8 acres of rolling farmland with barn and ponds.
      992 S Potter Rd, Lancaster, SC 29720
      View Details
    • $415,000
      0.30 Acres

      Lancaster Multi-Family Investment Opportunity

      Four single-family homes, fully occupied, ideal for investors.
      701 Taylor St, Lancaster, SC 29720
      View Details
    • $1,100,000
      8,482 SF

      Two Professional Buildings Near MUSC

      Two professional buildings on one property near the Medical University.
      1201-1203 Colonial Commons Ct, Lancaster, SC 29720
      View Details
    • $1,150,000
      20,606 SF

      Mixed-Use Investment Opportunity

      Multi-tenant property with retail, office, industrial, and storage units.
      979-987 University Dr, Lancaster, SC 29720
      View Details
    • $325,000
      3,400 SF

      Lancaster Light Industrial Facility

      3,400 SF facility on 2 acres near Rock Hill.
      1537 Lynwood Dr, Lancaster, SC 29720
      View Details
    • $149,900
      1,248 SF

      Lancaster Commercial Property - $149,900

      Versatile Commercial Space, High-Traffic Area
      2836 Lynwood Dr, Lancaster, SC 29720
      View Details
    • $275,000
      2.39 Acres

      High-Visibility Lancaster Commercial Land

      Prime Lancaster location, high traffic, 2.39 acres.
      00 Highway 9 Byp, Lancaster, SC 29720
      View Details
    • $1,147,000
      6.30 Acres

      Highway 200 Commercial Land Opportunity

      6.3 Acres, Prime Lancaster Location
      0000 Hwy 200 Hwy, Lancaster, SC 29720
      View Details
    • $650,000
      6.10 Acres

      Lancaster Commercial Property - 6 Acres

      Versatile Commercial Space, Ample Parking
      1180 Garnette Rd, Lancaster, SC 29720
      View Details
    • $599,000
      3.49 Acres

      Lancaster Commercial Land Opportunity

      High-Visibility 3.5-Acre Parcel, Prime Location
      00 Charlotte Hwy, Lancaster, SC 29720
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 155 acres in Lancaster, SC with agricultural/residential zoning.
    Where is this agricultural land located?
    The property is located at 3135 Old Hickory Rd Lancaster, SC.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: - 155 acres of agricultural/residential zoned land, ideal for various uses.; - Flexible zoning allows for estate expansion, subdivision, or investment.; - Includes stables, dog kennel, and 10 donkey/horse shelters.
    (704) 964-8313
    Request Owner's contact information
    3135 Old Hickory Rd Lancaster, SC 29720
    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.
    3135 Old Hickory Rd
    Lancaster, SC 29720
    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
    3135 Old Hickory Rd Lancaster, SC 29720
    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

    We can help!
    Listing Contact
    Lauren Little
    (704) 964-8313
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.