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    14350 South Carolina 39 Cross Hill, SC 29332

    Sponsored
    For Sale
    $450,000

    Spacious unrestricted land, ideal for various uses.

    Property size:
    2,111,000 SF

    Description

    Added:
    Jan 21, 2025
    Days on Market:
    362
    This exceptional 48.47-acre tract in Southeastern Laurens County, South Carolina, presents a unique opportunity for diverse development. Located on Highway 39, this property boasts convenient access to local amenities while maintaining a secluded atmosphere. Utilities, including power and water, are already installed, simplifying the process of building a residence or establishing a commercial venture. Existing structures enhance the property's appeal, including a barn (approximately 544 square feet with a roll-up bay and carport), a garage (approximately 720 square feet, complete with a full kitchen and half-bath), an outdoor brick oven, and a metal grill. The land itself features a gently sloping topography and wooded areas, offering both privacy and natural beauty. Outdoor enthusiasts will appreciate the abundant deer, turkey, and small game, making it an ideal hunting location. Established food plots and approximately two miles of trails further enhance its recreational value. The property's proximity to Lake Greenwood (approximately 12 minutes away) provides additional recreational opportunities, including fishing and boating. Commuting distances to nearby towns include approximately 15 minutes to Lake Greenwood, 25 minutes to Laurens and Clinton, 30 minutes to Greenwood, and 60 minutes to Greenville. This versatile property is priced at $450,000 and offers a blend of convenience and seclusion, making it a highly desirable investment. The property also includes approximately 80 feet of frontage on Highway 39 and a gravel driveway.

    Property Features for 14350 South Carolina 39

    General Information

    Property type
    Other land
    Square Feet
    2,111,000 SF
    Price / Square Foot
    $0.21
    Elevators
    N/A
    Lot Size
    2,111,353 SF

    We can help!

    Listing Contact
    Tanner Wilhelm

    Learn more

    HighLights

    • 48 unrestricted acres near Lake Greenwood, SC. Utilities already installed.
    • Existing barn, shed, and shop included on the property.
    • Prime hunting location with abundant wildlife and established trails.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Cross Hill
    State
    South Carolina

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    FAQs

    What type of property is this?
    Land - Spacious unrestricted land, ideal for various uses.
    Where is this land located?
    The property is located at 14350 South Carolina 39 Cross Hill, SC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 48 unrestricted acres near Lake Greenwood, SC. Utilities already installed.; Existing barn, shed, and shop included on the property.; Prime hunting location with abundant wildlife and established trails.
    (864) 704-8792
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    14350 South Carolina 39 Cross Hill, SC 29332
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    Cross Hill, SC 29332
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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.

    More about this property
    14350 South Carolina 39 Cross Hill, SC 29332
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    We can help!
    Listing Contact
    Tanner Wilhelm
    (864) 704-8792
    Learn more
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