Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    938 Springdale Dr Clinton, SC 29325

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    ± 5,000 Sqft Retail Building For Sale

    Property size:
    5,000 SF
    Lot size:
    2.00 Acres
    Added:
    Jan 22, 2025
    Days on Market:
    453
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 938 Springdale Dr

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Retail residential properties, Retail properties & Spaces, Mixed-use properties
    Size
    5,000 SF
    Elevators
    N/A
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Lindsey Twining

    Listing agent Lindsey

    Listing office

    Listing date Jan 22, 2025

    Overview

    Clinton Retail Building on Two Acres

    This 5,000 square foot retail building is located in Clinton, South Carolina, on a two-acre lot. The property is situated on a highly visible section of Springdale Drive, approximately 1.2 miles from Presbyterian College, benefiting from high traffic flow. The building includes a fenced rear and side yard, enhancing security and providing additional space. An existing outbuilding provides storage. Previously used as a feed and seed store, the open concept layout and tall ceilings offer flexibility for various retail or service-based businesses. The zoning is C-3 Commercial, allowing for diverse commercial uses. The building's spacious interior provides room for customization. The loft space has potential for conversion into an apartment or office. The property offers ample parking and room for laydown areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Laurens
    State
    South Carolina
    Longitude
    -81.866881
    Latitude
    34.456908

    Nearby Similar for Sale

    • $150,000

      Commercial Building in Growing Clinton

      Commercial building in Clinton, SC with multiple business possibilities.
      101 Elm Street, Clinton, SC 29325
      View Details
    • $650,000
      8,150 SF

      Versatile Office Building Near Hospital

      8000+ sqft office building ideal for medical or daycare.
      512 Professional Park, Clinton, SC 29325
      View Details
    • $325,000

      Duplex in Clinton, SC

      Duplex located in Clinton, South Carolina.
      401 W Pitts Street, Clinton, SC 29325
      View Details
    • $129,500
      2,621 SF

      Downtown Clinton Commercial Property

      Two-story commercial property in downtown Clinton with development potential.
      105 Enterprise Street, Clinton, SC 29325
      View Details
    • $275,000
      3,825 SF

      Restaurant Space with Parking Lot

      3,525 SF restaurant space with a large private parking lot.
      306 E Carolina Ave, Clinton, SC 29325
      View Details
    • $1,200,000
      2,360 SF

      Restaurant with Double Drive-Thru

      Newly built restaurant featuring a fully equipped kitchen and drive-thru.
      911 S Broad, Clinton, SC
      View Details
    • Contact for pricing
      284,230 SF

      Industrial Facility with Expansion Potential

      284,230 SF industrial facility in Greenville MSA.
      100 Bailey Plant Rd, Clinton, SC
      View Details
    • $490,000
      700 SF

      Downtown Clinton Office Suites Available

      Office suites for rent in downtown Clinton, near Presbyterian College.
      131 S Broad St, Clinton, SC
      View Details
    • $1,133,000
      3,189 SF

      Hardee's Drive-Thru Investment Property

      NNN leased Hardee's with drive-thru near Interstate 26.
      12328 SC-56, Clinton, SC 29325
      View Details

    FAQs

    What type of property is this?
    Other retail property - ± 5,000 Sqft Retail Building For Sale
    Where is this other retail property located?
    The property is located at 938 Springdale Dr Clinton, SC.
    What is the asking price?
    The asking price for this property is $375,000.
    (864) 380-4917
    We can help!
    Listing Contact
    Lindsey Twining
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!