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
    The Largest CRE Database in the US with Over 1 Million Listings

    Grace & Cokesbury Greenwood, SC 26949

    Sponsored
    For Sale
    $2,100,000

    Residential Acreage - Greenwood, SC

    Type:Single Family Residence
    Lot size:
    21.35 Acres
    Days on Market:
    135
    Last Refresh:
    Jan 30 at 6:06 pm

    Property Features for Grace & Cokesbury

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R-10
    Exterior features
    None
    Lot size
    21.35 Acres

    Utilities

    Water front features
    1485feet Of Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Haynie

    PALMETTO DEVELOPMENT SERVICES (864) 941-4046

    Listing agent Robert Haynie (864) 337-1791

    Listing date Sep 18, 2025

    MLS# 134462 Listing URL

    Copyright © 2026 Greenwood 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.

    Learn more

    Overview

    Greenwood Residential Land with Utilities

    This residential site, endowed with an R-10 zone, has all utilities. The site could accommodate up to 210 housing units if properly planned and designed. It is located close to Lander University, the bypass, downtown Greenwood, and Grace Street Park. The property is excellent for development or a portfolio, considering entitlements are in place. Grace Street access is limited but should be doable with 1400' or more of access off Cokesbury Road for construction and additional ingress/egress. A perennial stream runs from the front to the rear of the property and is an aesthetic feature that could be enhanced. The lot size is 21.346 acres and is located in Greenwood, South Carolina.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1617883
    Latitude
    34.1954001

    Nearby Similar for Sale

    • $395,000
      10,000 SF

      Greenwood Commercial Building with Warehouse

      Office, showroom, and warehouse on a large corner lot.
      1201 Cambridge Ave, Greenwood, SC 29649
      View Details
    • $749,000
      4,684 SF

      Historic Uptown Greenwood Commercial Property

      Versatile commercial space in a vibrant historic district with unique features.
      206 Main St, Greenwood, SC 29649
      View Details
    • $610,000
      4,118 SF

      Historic Grier Building Opportunity

      Prime downtown Greenwood real estate with optional turn-key restaurant business.
      327 Main St, Greenwood, SC 29646
      View Details
    • $599,900
      20,000 SF

      Versatile Flex Building on Bypass 72

      20,884 SF flex building on 1.74 acres in Greenwood, SC.
      1732 72 By-Pass, Greenwood, SC 20649
      View Details
    • $399,900
      2,554 SF

      Greenwood Commercial Property with Chef Kitchen

      Versatile property with chef's kitchen, suitable for residential or commercial.
      116 Charles St, Greenwood, SC 29649
      View Details
    • $999,000
      5,750 SF

      Updated Office with Storage Building

      Updated office attached to a 5,500 sqft storage building.
      425 Emerald Rd, Greenwood, SC 29646
      View Details
    • $165,000
      1,956 SF

      Greenwood Car Wash Investment Opportunity

      Self-service car wash with growth potential on 0.64 acres.
      1005 Reynolds Ave, Greenwood, SC 29649
      View Details
    • $298,000

      Remodeled Triplex in Greenwood, SC

      Income-producing triplex with recent remodeling in a desirable Greenwood location.
      215 Grace St, Greenwood, SC 29649
      View Details
    • $455,000
      12,646 SF

      Greenwood Commercial Property For Sale

      Two warehouse buildings on 1.83 acres in Greenwood, SC.
      205 Ginn St, Greenwood, SC 29646
      View Details
    • $750,000
      5,308 SF

      Uptown Greenwood Multi-Use Corner Building

      Three-level commercial building with retail, office, and storage space.
      202 Main St, Greenwood, SC 29646
      View Details
    • $115,000
      0.06 Acres

      Lake Greenwood Motorcoach Resort Lot

      Class A and Super C resort lot near Lake Greenwood.
      463 Cane Crk Cp Lot 41 Rd, Greenwood, SC 29332
      View Details
    • $479,000
      4,753 SF

      Iconic Mixed-Use Property, Greenwood SC

      Mixed-use property in vibrant Uptown Greenwood, ideal for live/work.
      204 Main St, Greenwood, SC 29649
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential acreage in Greenwood, SC, with development potential.
    Where is this residential land & home lot located?
    The property is located at Grace & Cokesbury Greenwood, SC.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - R-10 zoning allows for **high-density development (up to 210 housing units)**.; - All utilities are already on-site.; - **Priced at $10,000 per unit**, representing a significant value.
    (864) 337-1791
    Request Owner's contact information
    Grace & Cokesbury Greenwood, SC 26949
    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.
    Grace & Cokesbury
    Greenwood, SC 26949
    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
    Grace & Cokesbury Greenwood, SC 26949
    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
    Robert Haynie
    Real Estate License ID: 13222
    (864) 337-1791
    Learn more
    Google sign-in failed. Please try again or use another login method.