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    Vacant Development Land Tract Title is generated by Realmo AI

    00 Arledge Road, Landrum, SC 29356

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    Claim this Listing
    For Sale
    $1,900,000

    Vacant Land - Landrum, SC

    Lot size:
    77.30 Acres
    Added:
    May 26, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 00 Arledge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0627020100300
    Lot size
    77.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Edward Weathers

    Listing agent Edward Weathers

    Listing office National Land Realty, Greenville, SC 7001 Pelham Road, Greenville, SC

    Listing date May 26, 2026

    MLS# 11795910 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.

    HighLights

    • Rare 77.3 +/- acre development opportunity in a highly desirable Upstate location.
    • Extensive road frontage: over 1,400 feet on Highway 11 and over 3,000 feet on Arledge Road, enhancing accessibility and visibility.
    • Ideal for various developments: high‑end estate subdivision, equestrian community, or luxury residential development due to gentle rolling topography.
    • Unzoned land with available public water and fiber optic service along Arledge Road.
    • Stunning Blue Ridge Mountain views and proximity to recreational amenities: Links O'Tryon Golf Club, The Cliffs at Glassy, and Tryon International Equestrian Center.
    • Convenient location: close to Landrum, Tryon, Travelers Rest, Spartanburg, and Greenville, combining privacy and accessibility.

    Overview

    The offering is a vacant 77.3 +/- acre land tract with gentle rolling topography. The property includes substantial frontage, with over 1,400 feet along Highway 11 and more than 3,000 feet along Arledge Road. Arledge Road bisects the tract, creating additional edge along the roadway, which can be helpful for layout planning and access distribution. Public water is available on site, and fiber optic service runs along Arledge Road. The land is unzoned.

    The tract is located at the corner of Highway 11 and Arledge Road just outside of Landrum and Gowensville. It provides visibility and accessibility from both roads, with road frontage on two sides. The property also offers views of the Blue Ridge Mountains, and it sits near recreational and lifestyle amenities including The Links O’Tryon Golf Club (less than 3 miles), The Cliffs at Glassy (within 10 miles), and the Tryon International Equestrian Center (under 20 miles).

    This site is appropriate for developers or owner-users looking to plan a residential subdivision or lifestyle community, supported by the available public water and fiber along Arledge Road. Because the property is unzoned, buyers should confirm zoning and development requirements with local authorities during the planning process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Garden Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Landrum
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.247356
    Latitude
    35.120911

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    FAQs

    What type of property is this?
    Residential land & home lot - Large unzoned tract with extensive road frontage and public water, suited for residential development planning.
    Where is this residential land & home lot located?
    The property is located at 00 Arledge Road Landrum, SC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Rare 77.3 +/- acre development opportunity in a highly desirable Upstate location.; **Extensive road frontage**: over 1,400 feet on Highway 11 and over 3,000 feet on Arledge Road, enhancing accessibility and visibility.; **Ideal for various developments**: high‑end estate subdivision, equestrian community, or luxury residential development due to gentle rolling topography.
    (803) 928-6188
    We can help!
    Listing Contact
    Edward Weathers
    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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