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    001 Hobby Lane Kinards, SC 29355

    Sponsored
    For Sale
    Contact for pricing

    6-Acre Lots, Countryside Living

    Property size:
    248,292 SF

    Description

    Added:
    Jan 21, 2025
    Days on Market:
    358
    Bush River Ranch offers exceptional land parcels in Kinards, SC, near Newberry. These 6-acre lots (acreage to be verified by buyer), situated approximately 18 minutes from Newberry, SC, provide a unique blend of rural tranquility and convenient access to nearby cities. The rolling topography features wooded acreage, pastureland, and stunning water features. Abundant wildlife and scenic landscapes create an idyllic setting for building a dream home or pursuing outdoor recreational activities. The property boasts mature hardwoods and timber, adding to its natural beauty and potential. Utilities include power and septic capability (to be verified by buyer). Lots are zoned for Reuben Elementary, Newberry Middle, and Newberry High School. Buyers should be aware that the property is subject to recorded covenants and restrictions. Conveniently located within approximately 26 minutes of Laurens, SC, 1 hour of Greenville, SC, and 1 hour of Columbia, SC. Pricing varies per lot. Contact for details.

    Property Features for 001 Hobby Lane

    General Information

    Property type
    Farms
    Square Feet
    248,292 SF
    Elevators
    N/A
    Lot Size
    261,360 SF

    HighLights

    • Six‑acre lots available in scenic Bush River Ranch, South Carolina.
    • Near Newberry, Laurens, Greenville, and Columbia, SC.
    • Rolling topography with wooded acreage, pastureland, and utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kinards
    State
    South Carolina

    Nearby Similar for Sale

    • $139,900
      2,700 SF

      Historic Church with Modern Potential

      Unique property with endless possibilities for commercial or residential use.
      2422 Highway 560, Kinards, SC 29355
      View Details

    FAQs

    What type of property is this?
    Farm - 6-Acre Lots, Countryside Living
    Where is this farm located?
    The property is located at 001 Hobby Lane Kinards, SC.
    What are key features of this property?
    This property features: Six-acre lots available in scenic Bush River Ranch, South Carolina.; Near Newberry, Laurens, Greenville, and Columbia, SC.; Rolling topography with wooded acreage, pastureland, and utilities available.
    (864) 704-8792
    Request Owner's contact information
    001 Hobby Lane Kinards, SC 29355
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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.

    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
    001 Hobby Lane Kinards, SC 29355
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