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    Residential Office with In-Law Suite Title is generated by Realmo AI

    510 E Calhoun Street, Anderson, SC 29621

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    For Sale
    $395,000

    SINGLE_FAMILY - Anderson, SC

    Type:Office
    Added:
    Mar 2, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 510 E Calhoun Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Exterior features
    Fence, Storage
    Fencing
    Fenced
    Appliances
    WaterHeater
    Standard status
    Active
    APN
    1490205027000

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6397

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1955
    Floors in Building
    2
    Flooring type
    Hardwood, Laminate, Tile
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Melody Bell & Associates

    Listing agent Melody Bell & Associates

    Listing office Western Upstate Keller William 4107 Liberty Hwy, Anderson, SC

    Listing date Mar 2, 2026

    MLS# 20297840

    Copyright © 2026 Western Upstate Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1955 brick home with original hardwood flooring and shingle roof
    • Residential Office zoning with potential for professional office or a flexible live/work setup
    • Main level includes living room with fireplace, formal dining room, breakfast area, and kitchen with generous cabinet space
    • Fully finished basement with second kitchen, additional bedrooms, full bath, large recreation room, and its own entrance
    • Heating with natural gas; cooling with central air and electric cooling
    • Fenced exterior with storage and ample paved parking plus covered carport spaces

    Overview

    A classic brick home with original hardwood floors and a layout that supports both living and work. The main level features a light-filled living room with a fireplace, a formal dining room with an arched entry, and a bright breakfast area that connects to the kitchen with generous cabinet space. Multiple bedrooms and baths provide flexibility for multi-generational living, home office space, or rental arrangements. The fully finished basement adds significant additional capacity with a second kitchen, extra bedrooms, a full bath, a large recreation room, and its own entrance.

    Outside, the property offers ample paved parking, covered carport spaces, and mature landscaping. With Residential Office zoning, the site provides options for professional office use, boutique business space, or a flexible live/work setup.

    For homeowners seeking room to spread out, the combination of main-level living and an independent basement suite can suit long-term arrangements or periodic rental use. Investors and operators may value the practical separation created by the basement’s second kitchen and dedicated entrance, while the Residential Office zoning supports potential conversion to professional space depending on how the business plan is structured.
    Property Profile Location Intelligence

    Current Use by Public Records

    Treadwell Ronnie Law Firm FedEx Drop Box Postal Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.644425
    Latitude
    34.509256

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    FAQs

    What type of property is this?
    Live-work space - Brick home with finished basement, second kitchen, and separate entrance, offering flexible live/work and professional office potential.
    Where is this live-work space located?
    The property is located at 510 E Calhoun Street Anderson, SC.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 1955 brick home with original hardwood flooring and shingle roof; Residential Office zoning with potential for professional office or a flexible live/work setup; Main level includes living room with fireplace, formal dining room, breakfast area, and kitchen with generous cabinet space
    (864) 353-7355
    We can help!
    Listing Contact
    Melody Bell & Associates
    Request Owner's contact information
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    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.

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