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    Controlled Environment Agriculture Facility Title is generated by Realmo AI

    1030 Victory Trail Road, Gaffney, SC 29340

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    Fully developed greenhouse and processing complex designed for high-capacity, year-round production with robust utilities and logistics.

    Type:Industrial
    Property size:
    396,502 SF
    Lot size:
    32.62 Acres
    Added:
    May 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 6:05 am

    Property Features for 1030 Victory Trail Road

    General Information

    Standard status
    Active
    Size
    396,502 SF
    Lot size
    32.62 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Eric Scardo

    Listing agent Eric Scardo License #SC 130763

    Listing office Lee & Associates - Spartanburg

    Listing date May 29, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Spartanburg

    HighLights

    • Fully developed controlled environment agriculture facility on 32.62 acres in Gaffney, SC (built 1998).
    • Includes multiple greenhouse structures plus a warehouse and processing building for year‑round production.
    • Robust utilities and systems: large‑scale water storage, boilers, backup generators, ventilation, and integrated irrigation.
    • Cooler space, office areas, and multiple loading points for logistics operations.
    • Utilities include 480V 3‑phase power, municipal water/sewer, natural gas, and internet.
    • Located about 2 miles from I‑85 for regional transportation connectivity.

    Overview

    This fully developed Controlled Environment Agriculture facility is situated on 32.62 acres and includes multiple greenhouse structures along with a warehouse and processing building. The site is supported by extensive infrastructure for high capacity, year-round production and includes on-site worker housing. Built-in capabilities include large-scale water storage, boilers, backup generators, ventilation, integrated irrigation, cooler space, office areas, and multiple loading points to support efficient receiving and logistics.

    The property is located in Gaffney, South Carolina, approximately 2 miles from I-85, providing convenient regional connectivity. On-site utilities include 480V 3-phase power, municipal water and sewer, natural gas, and internet service, supporting continuous operations and production infrastructure.

    For buyers seeking an operational agribusiness platform, this facility offers a turnkey arrangement for greenhouse-based production and associated processing needs, with dedicated cooler and office space and infrastructure engineered for controlled environment operations. The combination of loading points, industrial processing space, and extensive mechanical and utility systems is particularly relevant for operators planning year-round cultivation and handling workflows.
    Location Intelligence

    Current Use by Public Records

    Lakeshore Inc USA Garden Center

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Department Store Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.576137
    Latitude
    35.084899

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    FAQs

    What type of property is this?
    Farm - Fully developed greenhouse and processing complex designed for high-capacity, year-round production with robust utilities and logistics.
    Where is this farm located?
    The property is located at 1030 Victory Trail Road Gaffney, SC.
    What are key features of this property?
    This property features: Fully developed controlled environment agriculture facility on 32.62 acres in Gaffney, SC (built 1998).; Includes multiple greenhouse structures plus a warehouse and processing building for year‑round production.; Robust utilities and systems: large‑scale water storage, boilers, backup generators, ventilation, and integrated irrigation.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Scardo
    Real Estate License ID: SC 130763
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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.

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    1030 Victory Trail Road, Gaffney, SC 29340
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