Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 418 Commercial Land Opportunity Title is generated by Realmo AI

    1011 Highway 418, Simpsonville, SC 29680

    View on Map
    Claim this Listing
    For Sale
    $800,000

    Six-acre commercial land with triple road frontage on Highway 418.

    Type:Lots/Land / Acreage
    Lot size:
    6.00 Acres
    Added:
    Nov 18, 2024
    Days on Market:
    561
    Last Refresh:
    Mar 13 at 11:06 am

    Property Features for 1011 Highway 418

    General Information

    Standard status
    Active
    Lot size
    6.00 Acres
    Property subtype
    Lots/Land / Acreage

    We can help!

    Listing Contact
    Jenks Patrick

    Listing agent Jenks Patrick License #54068

    Listing office Reedy Property Group

    Listing date Nov 18, 2024

    Source Compass

    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 Reedy Property Group

    HighLights

    • ±6‑acre property with triple road frontage on Highway 418, Fork Shoals Road, and Marseille Drive.
    • Located in an unzoned section of Greenville County, offering flexible usage possibilities.
    • Strong visibility on Highway 418.
    • Preliminary engineering, including soil analysis for septic systems, has been completed.
    • Proximity to Ralph Chandler Middle School.
    • Located across the street from the new Kawonu Golf Club.

    Overview

    This is a \u00b16-acre commercial property with triple road frontage on Highway 418, Fork Shoals Road, and Marseille Drive. The property benefits from strong visibility on Highway 418. It is located near Ralph Chandler Middle School and the Kawonu Golf Club. Situated within an unzoned section of Greenville County, the property offers a range of possibilities. Preliminary engineering, including soil analysis for septic systems, has been completed. The property is located on Greenville County's next major thoroughfare and presents a potential opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Simpsonville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3085
    Latitude
    34.648746

    Nearby Similar for Sale

    • $1,295,000

      Simpsonville Commercial Land For Sale

      Four acres of commercial land in a high-growth area.
      W Georgia Road, Simpsonville, SC 29680
      View Details
    • $699,000
      3,000 SF

      Simpsonville Land Development Opportunity

      2.96 acres in booming Simpsonville, SC, near Main Street.
      301 West Circle, Simpsonville, SC 29681
      View Details
    • $1,500,000

      Simpsonville Commercial Development Opportunity

      4.53 acre commercial site near major retailers.
      1212 W Georgia Road, Simpsonville, SC 29680-6335
      View Details
    • $1,700,000

      Simpsonville Land Near Woodruff Road

      7 acres of C-2 zoned land near Woodruff Road.
      Scuffletown Road, Simpsonville, SC 29681
      View Details
    • $1,700,000

      Simpsonville Land For Sale

      7 acres of C-2 zoned land near Woodruff Road.
      Scuffletown Road, Simpsonville, SC 29681
      View Details
    • $499,000

      Simpsonville Land in Five Forks

      1.68 acres in a desirable, growing area.
      404 Scuffletown Road, Simpsonville, SC 29681
      View Details
    • $499,000

      Simpsonville Land with River Frontage

      3.3 acre commercial land with high visibility and river frontage.
      0 West Georgia Road, Simpsonville, SC 29680
      View Details
    • $1,500,000

      Simpsonville Commercial Site For Sale

      Commercial site near major retailers in Simpsonville, South Carolina.
      1212 W Georgia Road, Simpsonville, SC 29680-6335
      View Details
    • $873,910

      Simpsonville Commercial Land Opportunity

      2.81 acres available in Simpsonville's Innovation District.
      Harrison Bridge Road, Simpsonville, SC 29680
      View Details
    • $140,000

      Simpsonville Acre Lot For Sale

      One-acre lot in Simpsonville, ready for inspiration.
      143 Wasson Way, Simpsonville, SC 29680-6944
      View Details
    • $1,900,000

      Highway 14 Development Opportunity

      Over 10 acres of land with ample road frontage.
      1408 Highway 14, Simpsonville, SC 29681
      View Details
    • $700,000

      Land in Fairview Rd Area

      Two parcels of land in Simpsonville's Fairview Rd area.
      3990 Grandview Drive, Simpsonville, SC 29680
      View Details

    FAQs

    What type of property is this?
    Commercial land - Six-acre commercial land with triple road frontage on Highway 418.
    Where is this commercial land located?
    The property is located at 1011 Highway 418 Simpsonville, SC.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: ±6‑acre property with triple road frontage on Highway 418, Fork Shoals Road, and Marseille Drive.; Located in an unzoned section of Greenville County, offering flexible usage possibilities.; Strong visibility on Highway 418.
    (864) 506-0416
    We can help!
    Listing Contact
    Jenks Patrick
    Real Estate License ID: 54068
    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
    1011 Highway 418, Simpsonville, SC 29680
    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!