Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Property Near York Title is generated by Realmo AI

    000 Black Highway, York, SC 29745

    View on Map
    Claim this Listing
    For Sale
    $1,205,600

    54+/- acre development property near Spring Lake Country Club.

    Type:Land or Vacant Lot
    Lot size:
    54.00 Acres
    Added:
    Apr 19, 2023
    Days on Market:
    1146
    Last Refresh:
    May 11 at 12:58 am

    Property Features for 000 Black Highway

    General Information

    Standard status
    Active
    Lot size
    54.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    TRACY FERGUSON
    TRACY FERGUSON

    Listing agent TRACY FERGUSON License #166717

    Listing office RE/MAX LAKES & LAND, INC.

    Listing date Apr 19, 2023

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX LAKES & LAND, INC.

    HighLights

    • 54 +/- acre development property adjacent to Spring Lake Country Club and the City of York.
    • Sewer access on the property.
    • Potential for annexation into the City of York.
    • City water access nearby.
    • Significant road frontage on Hwy 5 (500+ ft), Springlake Road (350 ft), and Diane Road cul‑de‑sac.
    • Zoned SFR‑40 with wooded and rolling topography.

    Overview

    This is a one-of-a-kind development property located near York, South Carolina. The site encompasses 54 +/- acres adjacent to Spring Lake Country Club and the City of York, potentially allowing for annexation. The property benefits from existing sewer access and nearby city water. It features road frontage on Hwy 5 (500 + ft) and Springlake Road (350 ft), as well as frontage on Diane Road cul-de-sac. Sewer lines run along the creek on the side property line. Currently zoned as SFR-40, the land features a wooded and rolling topography. There are pines on the Springlake portion of the property, with approximately 3 acres presently being harvested.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    South Carolina
    Longitude
    -81.2576
    Latitude
    35.0024

    Nearby Similar for Sale

    • $725,000
      1,800 SF

      Downtown York Office Building

      Prime office building in historic downtown York, South Carolina.
      107 Congress Street S, York, SC 29745
      View Details
    • $135,000

      York, SC Land Opportunity

      Prime land opportunity near Charlotte and Rock Hill.
      Diane Road, York, SC 29745
      View Details
    • $400,000

      Prime Land on Alexander Love Highway

      4-acre commercial land parcel in a high-growth area.
      Alexander Love Highway, York, SC 29745
      View Details
    • $400,000

      Prime Land in Growing Corridor

      4-acre commercial land parcel in York, SC for sale.
      Alexander Love Highway, York, SC 29745
      View Details
    • $635,000

      Waterfront Lakefront Land Lot

      Wooded cul-de-sac lakefront lot with deep water frontage and a newer metal-roof dock for waterfront-ready living.
      3708 Rivergrass Lane, York, SC 29745
      View Details
    • $1,250,000

      Waterfront Land on Lake Wylie

      6.10 acre waterfront lot with potential docking locations.
      Sandlapper Drive, York, SC 29730
      View Details
    • $170,000

      5-Acre Land Parcel in York

      Spacious 5-acre parcel in York, SC, no city taxes.
      Blessed Hope Road, York, SC 29745
      View Details
    • $170,000

      5-Acre Land Parcel in York

      Rare, flat 5-acre parcel in York, SC, no city taxes.
      Blessed Hope Road, York, SC 29745
      View Details
    • $170,000

      Residential Land in York, SC

      5-acre parcel for a custom home near York, SC.
      Blessed Hope Road, York, SC 29745
      View Details
    • $175,000

      Land in York, South Carolina

      7.04 acre parcel perfect for building or investment.
      2239 Capps Road, York, SC 29745
      View Details
    • $199,500

      Highway Frontage Commercial Land

      2.1-acre commercial lot on Highway 321 in York, SC.
      1473 Filbert Highway, York, SC 29745
      View Details
    • $179,900

      Versatile Acreage with Workshop, York

      5.79 acres near York with workshop and utilities.
      2874 Carmel Court, York, SC 29745
      View Details

    FAQs

    What type of property is this?
    Land - 54+/- acre development property near Spring Lake Country Club.
    Where is this land located?
    The property is located at 000 Black Highway York, SC.
    What is the asking price?
    The asking price for this property is $1,205,600.
    What are key features of this property?
    This property features: 54 +/- acre development property adjacent to Spring Lake Country Club and the City of York.; Sewer access on the property.; Potential for annexation into the City of York.
    (803) 684-6860
    We can help!
    Listing Contact
    TRACY FERGUSON
    TRACY FERGUSON
    Real Estate License ID: 166717
    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

    Thank You for Inquiry
    000 Black Highway, York, SC 29745
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!