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

    579 Mordeci Mountain Road Gray Court, SC 29645

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $235,000

    LAND - Gray Court, SC

    Lot size:
    6.38 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 18 at 11:06 am

    Property Features for 579 Mordeci Mountain Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    2190000057
    Lot size
    6.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7

    We can help!

    Listing Contact
    Julie Muller
    Julie Muller

    Listing agent Julie Muller License #122971

    Listing office EXP Realty LLC 220 N Main Street Ste 542, Greenville, SC

    Listing date Apr 8, 2026

    MLS# 20299686 Listing URL

    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.

    Overview

    6.38 Acres Homesite in Gray Court

    Located on Mordeci Mountain Road in Gray Court, this 6.38-acre homesite is part of the Friendship Creek Farms community. The property features mature hardwoods and pines, offering a private, scenic setting. A creek winds through the property, enhancing its natural beauty. Over 4 acres of flat terrain are available for construction, with additional acreage located on the other side of the creek. The property is suitable for a modern farmhouse, estate, or retreat. A DHEC permit for an onsite wastewater system has been secured. Several custom homes have already been built in the community, with others under construction. The location is minutes from downtown Woodruff and within easy reach of Greenville and Spartanburg. The property is zoned for Gray Court Owings Elementary and Middle School, and Laurens School District 55 High school.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Gray Court
    County
    Laurens
    State
    South Carolina
    Longitude
    -82.108369
    Latitude
    34.678607

    Nearby Similar for Sale

    • $157,500

      Versatile Commercial Space in Gray Court

      1000 sq ft commercial space suitable for various businesses.
      419 W Main Street, Gray Court, SC 29645
      View Details
    • $950,000

      59 Acres in Gray Court

      Unrestricted 59-acre property with waterfalls and established food plots.
      1443 Henderson Road, Gray Court, SC 29645
      View Details
    • $235,000

      Gray Court Homesite with Creek

      6.38-acre homesite with creek, hardwoods, and pines.
      579 Mordeci Mountain, Gray Court, SC 29645
      View Details
    • $499,645

      20-Acre Recreational Tract in Gray Court

      20-acre recreational tract with pond frontage and creek.
      00 Todd Road, Gray Court, SC 29645
      View Details
    • $235,000

      Gray Court Residential Homesite Opportunity

      6.38-acre homesite in a growing community near Woodruff, SC.
      579 Mordeci Mountain Road, Gray Court, SC 29645
      View Details
    • $99,900

      Three Acre Wooded Homesite

      Three acre wooded lot near Fountain Inn, South Carolina.
      00 S Highway 101, Gray Court, SC 29645
      View Details
    • $55,000

      Two Acre Residential Lot

      Two acre residential lot in Gray Court, South Carolina.
      296 Cheeks Circle, Gray Court, SC 29645
      View Details
    • $137,000

      Lake Martin Waterfront Building Lot

      2-acre lot on Lake Martin with utilities in place.
      1274 Martins Lake Road, Gray Court, SC 29645
      View Details
    • $998,510

      33 Acres on Highway 101

      Prime land suitable for estate, farm, retreat, or development.
      00 S 101 Highway, Gray Court, SC 29645
      View Details
    • $950,000

      59 Acres with Waterfalls

      Land with waterfalls, creeks, barns, and mobile home near Greenville.
      1443 Henderson Road, Gray Court, SC 29645
      View Details
    • $53,900

      2.06 Acre Gray Court Retreat

      2.06 acre lot with creek near I-385.
      1206 Cheeks Circle, Gray Court, SC 29645
      View Details
    • $889,000

      63.5 Acres of Versatile Land

      63.5 acre tract near Greenville, SC with open fields.
      0 Sweetbriar Road, Gray Court, SC 29645-5026
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite with mature trees, creek, and convenient location.
    Where is this residential land & home lot located?
    The property is located at 579 Mordeci Mountain Road Gray Court, SC.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: 6.38‑acre homesite in Friendship Creek Farms, a developing community of custom homes.; Over 4 acres of flat, buildable land with additional acreage beyond a creek.; DHEC permit secured for an onsite wastewater system.
    (864) 610-5767
    We can help!
    Listing Contact
    Julie Muller
    Julie Muller
    Real Estate License ID: 122971
    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!