Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Cherokee Ave Gaffney, SC 29341

    Sponsored
    For Sale
    $105,000

    Improved Commercial - Gaffney, SC

    Property size:
    1,951 SF
    Lot size:
    0.17 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 14 at 8:06 pm

    Property Features for 600 Cherokee Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CI - Commerical Improved
    Size
    1,951 SF
    Lot size
    0.17 Acres

    Building Details

    Flooring type
    Carpet, Linoleum, Vinyl
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristen Sellars

    R. M. DUNCAN REALTY, INC (864) 488-9901

    Listing agent Kristen Sellars (864) 488-9901 License #60593

    Listing date Feb 13, 2026

    MLS# 333554 Listing URL

    Copyright © 2026 Spartanburg Association of REALTORS, Inc. 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

    Improved Commercial Property in Gaffney

    This commercial property is located in the city of Gaffney, South Carolina, and includes all public utilities. The property features 210 feet of frontage, paved parking, and additional parking at the side and rear of the building. The office space includes four offices on one side, a reception area with a half-bath near the front door, and a spacious office on the left side that could be divided into two separate spaces, as well as a break room. The brick building includes a large storage area that is not included in the heated and cooled gross leasable area. The building is currently occupied by Dora's Alteration and is connected through the main building with its own entrance door. This section is approximately 756 square feet and includes a large open room, hallway with closet, and a half bath. Dora's side is currently under a month-to-month rental agreement. The property is suitable for establishing a new business or relocating an existing one. The property is zoned CI - Commerical Improved and has a lot size of 0.17 acres. The main building has a property size of 1951 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    H & B Tax ... Tax Preparation Dora's Sewing & Alterations (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.640193
    Latitude
    35.078639

    Nearby Similar for Sale

    • $347,000
      0.40 Acres

      Commercial Building in Gaffney, SC

      Rezoned commercial property suitable for various business ventures.
      111 W Rutledge Ave, Gaffney, SC 29340
      View Details
    • $125,000
      1,423 SF

      Gaffney Commercial Property For Sale

      Commercial property in prime location with flexible layout.
      915 N Limestone St, Gaffney, SC 29341
      View Details
    • $189,900
      811 SF

      Gaffney Duplex with Income Potential

      Duplex in Gaffney, SC with separate units and utilities.
      115 & 115.5 Hampshire Dr, Gaffney, SC 29341
      View Details
    • Contact for pricing
      1,545 SF

      Gaffney Office Center For Sale

      Brick office center with leasing opportunities in Gaffney, South Carolina.
      206 Chesnee Hwy, Gaffney, SC 29341
      View Details
    • Contact for pricing

      Updated Duplex in Historical District

      Fully updated duplex in desirable location, potential for rental income.
      226 College Dr, Gaffney, SC 29340
      View Details
    • Contact for pricing
      82,976 SF

      Versatile Industrial Facility with Event Space

      82,976 SF industrial facility with adaptable event space.
      811 Hamrick St, Gaffney, SC 29340
      View Details
    • $125,000

      Office Property with Redevelopment Potential

      Office property for sale, offering flexible layout and redevelopment potential.
      915 N Limestone St, Gaffney, SC 29340
      View Details
    • Contact for pricing
      2,522 SF

      Renovated Restaurant Space For Sale

      Newly renovated restaurant with two hood systems and ample parking.
      1725 N Limestone St, Gaffney, SC 29340
      View Details
    • $1,300,000
      20,000 SF

      Gaffney Warehouse with Heavy Power

      20,000 SF warehouse featuring dock and drive-in doors.
      373 Huntington Rd, Gaffney, SC 29341
      View Details
    • Contact for pricing
      13,250 SF

      Gaffney Industrial Property for Sale

      Industrial property featuring 13,250 square feet of space in Gaffney.
      298 Willis St, Gaffney, SC 29341
      View Details
    • Contact for pricing
      12,000 SF

      Gaffney Warehouse Property For Sale

      12,000 square foot industrial warehouse property in Gaffney, SC.
      255 Henderson St, Gaffney, SC 29341
      View Details
    • Contact for pricing
      20,000 SF

      Gaffney Industrial Property For Sale

      20,000 SF industrial property in Gaffney, South Carolina.
      244 Shelby Hwy, Gaffney, SC 29340
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property with office space, storage, and rental income.
    Where is this retail space located?
    The property is located at 600 Cherokee Ave Gaffney, SC.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: - Prime commercial location with **high visibility (210 ft frontage) and ample paved parking**.; - Existing rental income from Dora's Alteration (756 sq ft) with separate entrance and month-to-month lease.; - Versatile office space: four offices, reception area with 1/2 bath, large divisible office, and break room.
    (864) 490-6753
    Request Owner's contact information
    600 Cherokee Ave Gaffney, SC 29341
    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.
    600 Cherokee Ave
    Gaffney, SC 29341
    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
    600 Cherokee Ave Gaffney, SC 29341
    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
    Kristen Sellars
    Real Estate License ID: 60593
    (864) 490-6753 (864) 488-9901
    Learn more
    Google sign-in failed. Please try again or use another login method.