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

    000 Woodland Dr Lancaster, SC 29720

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $140,000

    11.66 acres of wooded property with multiple development possibilities.

    Property Features for 000 Woodland Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Yassine Dahbi
    Yassine Dahbi
    Source: Corcoran

    Listing Agent: Yassine Dahbi

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

    Learn more

    Overview

    Wooded Land in Downtown Lancaster

    This 11.66-acre wooded property is located in downtown Lancaster, South Carolina, on Springdale Road, across from a recreational park and fields, and one block from Springs Memorial Hospital. The site offers multiple potential uses and may be subdivided. Rezoning is a possibility. City water and city sewer are available. The property has road access from both Springdale Road and Woodland Road.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom HVAC Service Discount Store Grocery & Convenience Store Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.762277
    Latitude
    34.648031

    Nearby Similar for Sale

    • New
      $525,000
      12.21 Acres

      Lancaster Land with Custom Home

      12+ acres with a full-brick custom home.
      4768 Old Church Rd, Lancaster, SC 29720
      View Details
    • $975,000
      0.82 Acres

      Two Professional Buildings Near MUSC

      Two professional office buildings near MUSC in Lancaster, South Carolina.
      1201 Colonial Cmns Ct, Lancaster, SC 29720
      View Details
    • $799,900
      39.80 Acres

      Farmland with Barn and Ponds

      39.8 acres of rolling farmland with barn and ponds.
      992 S Potter Rd, Lancaster, SC 29720
      View Details
    • $1,100,000
      8,482 SF

      Two Professional Buildings Near MUSC

      Two professional buildings on one property near the Medical University.
      1201-1203 Colonial Commons Ct, Lancaster, SC 29720
      View Details
    • $975,000

      Medical Office Buildings Near MUSC

      Two professional buildings suitable for medical or office use.
      1201 Colonial Commons Ct, Lancaster, SC 29720
      View Details
    • $1,150,000
      20,606 SF

      Mixed-Use Investment Opportunity

      Multi-tenant property with retail, office, industrial, and storage units.
      979-987 University Dr, Lancaster, SC 29720
      View Details
    • $325,000
      3,400 SF

      Lancaster Light Industrial Facility

      3,400 SF facility on 2 acres near Rock Hill.
      1537 Lynwood Dr, Lancaster, SC 29720
      View Details
    • $149,900

      Commercial Property for Sale

      Commercial property suitable for office, beauty salon, or store.
      2836 Lynwood Dr, Lancaster, SC 29720
      View Details
    • $149,900
      1,248 SF

      Lancaster Commercial Property - $149,900

      Versatile Commercial Space, High-Traffic Area
      2836 Lynwood Dr, Lancaster, SC 29720
      View Details
    • $275,000
      2.39 Acres

      High-Visibility Lancaster Commercial Land

      Prime Lancaster location, high traffic, 2.39 acres.
      00 Highway 9 Byp, Lancaster, SC 29720
      View Details
    • $1,147,000
      6.30 Acres

      Highway 200 Commercial Land Opportunity

      6.3 Acres, Prime Lancaster Location
      0000 Hwy 200 Hwy, Lancaster, SC 29720
      View Details
    • $650,000
      6.10 Acres

      Lancaster Commercial Property - 6 Acres

      Versatile Commercial Space, Ample Parking
      1180 Garnette Rd, Lancaster, SC 29720
      View Details

    FAQs

    What type of property is this?
    Land - 11.66 acres of wooded property with multiple development possibilities.
    Where is this land located?
    The property is located at 000 Woodland Dr Lancaster, SC.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Prime 11.66-acre property in downtown Lancaster, SC.; - Excellent location across from a recreational park and near Springs Memorial Hospital.; - Multiple uses available with potential for rezoning.
    (980) 999-0195
    Request Owner's contact information
    000 Woodland Dr Lancaster, SC 29720
    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.
    000 Woodland Dr
    Lancaster, SC 29720
    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
    000 Woodland Dr Lancaster, SC 29720
    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
    Yassine Dahbi
    Yassine Dahbi
    Real Estate License ID: 294067
    (980) 999-0195
    Learn more
    Google sign-in failed. Please try again or use another login method.