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

    501 Caldwell Rd Blacksburg, SC 29702

    View on Map
    Sponsored
    For Sale
    $2,400,000

    Vacant Land - Blacksburg, SC

    Lot size:
    324.00 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 10 at 9:06 pm

    Property Features for 501 Caldwell Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    324.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Knox Duncan
    Knox Duncan

    Reedy Property Group (864) 568-5102

    Listing agent Knox Duncan (864) 568-5102

    Listing date Feb 20, 2026

    MLS# 11629221 Listing URL

    Copyright © 2026 My State 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

    324 Acres Near Two Kings Casino

    This property offers an exceptional opportunity to acquire approximately 324 contiguous acres in Cherokee County. The property is well-suited for large-scale development, recreational use, or long-term investment due to its scale, prime location, and natural features. It is strategically located 15 minutes from the new Two Kings Casino and 8 minutes from I-85, positioning it one hour from Charlotte and Greenville. The property has approximately 3.2 miles of paved road frontage, offering strong infrastructure and ease of access. It also features Kings Creek frontage, adding aesthetic value and recreational appeal. The landscape includes topography set against a mountainous backdrop. Five acres of open pastureland are ready for immediate use, while the remainder of the property consists of rolling hills, mature hardwoods and pines, and abundant wildlife. This land is suited for immediate enjoyment and long-term real estate investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.425136
    Latitude
    35.089479

    Nearby Similar for Sale

    • Contact for pricing

      Rolling Hills RV Park Opportunity

      RV Park with expansion potential near I-85.
      2088 Shelby Hwy, Blacksburg, SC 29702
      View Details
    • $550,000
      23.95 Acres

      Blacksburg Commercial Land Investment

      23.95 Acres, I-85 Frontage, High Visibility
      00 Mill Creek Rd, Blacksburg, SC 29702
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Flex Building For Sale

      5000 SF industrial flex building with potential for various uses.
      1348 Blacksburg Hwy, Blacksburg, SC 29702
      View Details
    • Contact for pricing

      Industrial Flex Building with Potential

      5000 SF industrial flex building with bar and stage.
      1348 Blacksburg Hwy, Blacksburg, SC 29702
      View Details
    • $2,500,000
      43,466 SF

      Blacksburg Office/Industrial Space

      ±1,600 sq ft Office, Sale or Lease in SC
      124 N Charleston St, Blacksburg, SC 29702
      View Details
    • $60,000
      2.00 Acres

      Blacksburg Commercial Land - Hwy 5

      Prime 2-acre commercial lot, I-85 access.
      2+/- Ac Commercial York Rd, Blacksburg, SC 29702
      View Details
    • $50,000
      2.00 Acres

      Blacksburg Commercial Land - 2 Acres

      Highway 5 Commercial Lot, Zoned to Suit
      2+/- Ac Commercial York Rd, Blacksburg, SC 29702
      View Details
    • Contact for pricing
      50,000 SF

      Cherokee County Industrial Site

      Prime SC manufacturing land, rail access.
      0 Cherokee St, Blacksburg, SC 29702
      View Details
    • $150,000

      Blacksburg Industrial Land Opportunity

      Manufacturing Land, I-85 Visibility, Tax Credits
      0 Henson Rd, Blacksburg, SC 29702
      View Details
    • Contact for pricing

      Hwy 5 Blacksburg Development Land

      108 Acres, Mixed-Use Potential, SC
      0 Loves Farm Rd, Blacksburg, SC 29702
      View Details

    FAQs

    What type of property is this?
    Land - Large acreage suitable for development, recreation, or investment.
    Where is this land located?
    The property is located at 501 Caldwell Rd Blacksburg, SC.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Approximately 324 contiguous acres – suitable for development, recreation, or investment.; - Strategically located – just 8 minutes from I-85 and 15 minutes from the Two Kings Casino.; - Conveniently located one hour from Charlotte, NC and Greenville, SC.
    (864) 608-0029
    Request Owner's contact information
    501 Caldwell Rd Blacksburg, SC 29702
    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.
    501 Caldwell Rd
    Blacksburg, SC 29702
    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
    501 Caldwell Rd Blacksburg, SC 29702
    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
    Knox Duncan
    Knox Duncan
    (864) 608-0029 (864) 568-5102
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!