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    004 Hobby Lane Kinards, SC 29355

    Sponsored
    For Sale
    $250,000

    25-acre lot, scenic countryside living.

    Property size:
    1,100,761 SF

    Description

    Added:
    Jan 22, 2025
    Days on Market:
    358
    Own a piece of Bush River Ranch, a unique South Carolina plantation offering exceptional recreational opportunities and stunning landscapes. Lot 38 encompasses 25.27 acres of rolling terrain, combining wooded acreage with prime pastureland. This property boasts mature hardwoods and timber, abundant wildlife, and beautiful water features – a truly rare find. Conveniently located approximately 18 minutes from Newberry, SC, it provides easy access to amenities while maintaining a peaceful, rural setting. The lot is zoned for Reuben Elementary, Newberry Middle, and Newberry High School. Utilities include power and septic capability; however, acreage and utility details should be verified by the buyer. The property is subject to recorded covenants and restrictions. This exceptional parcel presents an ideal opportunity for building a dream home or enjoying the abundant recreational possibilities of this remarkable location. Additional nearby towns include Laurens, SC (approximately 26 minutes away), Greenville, SC (approximately 1 hour away), and Columbia, SC (approximately 1 hour away). Don't miss this chance to secure your own piece of this desirable countryside retreat.

    Property Features for 004 Hobby Lane

    General Information

    Property type
    Residential land & home lots
    Square Feet
    1,100,761 SF
    Price / Square Foot
    $0.23
    Elevators
    N/A
    Lot Size
    1,100,761 SF

    HighLights

    • 25.27 acres of wooded acreage and pastureland in desirable Kinards, SC.
    • Conveniently located ±18 minutes from Newberry, SC, offering country living.
    • Zoned for Reuben Elementary, Newberry Middle, and Newberry High School; power and septic capability.
    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

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      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 25-acre lot, scenic countryside living.
    Where is this residential land & home lot located?
    The property is located at 004 Hobby Lane Kinards, SC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 25.27 acres of wooded acreage and pastureland in desirable Kinards, SC.; Conveniently located ±18 minutes from Newberry, SC, offering country living.; Zoned for Reuben Elementary, Newberry Middle, and Newberry High School; power and septic capability.
    (864) 704-8792
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    004 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
    004 Hobby Lane Kinards, SC 29355
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