Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    003 Hobby Lane Kinards, SC 29355

    Sponsored
    For Sale
    $65,000

    Prime South Carolina land, ideal for homes or businesses.

    Property size:
    261,360 SF

    Description

    Added:
    Jan 22, 2025
    Days on Market:
    357
    Discover Bush River Ranch, offering four contiguous lots (39-42) totaling six acres of picturesque South Carolina countryside. Located on Hobby Lane in Kinards, SC, 29355, this exceptional property boasts rolling topography, a blend of wooded acreage and pastureland, and abundant wildlife. Conveniently situated approximately 18 minutes from Newberry, SC, this location provides easy access to amenities while maintaining a tranquil, rural setting. The property is zoned for Reuben Elementary, Newberry Middle, and Newberry High School, making it an attractive option for families. Utilities include power and septic capability, although acreage and utility specifics should be independently verified. Note that the property is subject to recorded covenants and restrictions. This unique opportunity combines the serenity of rural living with the convenience of proximity to larger South Carolina cities, including approximately 26 minutes from Laurens, SC, one hour from Greenville, SC, and one hour from Columbia, SC. This exceptional land presents a rare chance to build your dream home or establish a commercial venture in a stunning natural setting. Don't miss this chance to own a piece of Bush River Ranch. The asking price is $65,000.

    Property Features for 003 Hobby Lane

    General Information

    Property type
    Other land
    Square Feet
    261,360 SF
    Price / Square Foot
    $0.25
    Elevators
    N/A
    Lot Size
    261,360 SF

    HighLights

    • Six acres of wooded land and pastureland in desirable Bush River Ranch.
    • Conveniently located ±18 minutes from Newberry, SC, offering scenic landscapes.
    • Zoned for Newberry County schools and features power and septic capability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    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?
    Land - Prime South Carolina land, ideal for homes or businesses.
    Where is this land located?
    The property is located at 003 Hobby Lane Kinards, SC.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Six acres of wooded land and pastureland in desirable Bush River Ranch.; Conveniently located ±18 minutes from Newberry, SC, offering scenic landscapes.; Zoned for Newberry County schools and features power and septic capability.
    (864) 704-8792
    Request Owner's contact information
    003 Hobby Lane Kinards, SC 29355
    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.
    003 Hobby Lane
    Kinards, SC 29355
    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.

    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
    003 Hobby Lane Kinards, SC 29355
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.