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
    Back to Search

    Alexander Love Hwy York, SC 29745

    Sponsored
    For Sale
    $3,000,000

    30-Acre Tract, Approved Apartment Complex

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional 30-acre property presents a unique investment opportunity in York, South Carolina. Located on Alexander Love, it boasts a significant advantage: Fishing Creek forms a natural border along one entire side, running parallel to Highway 5, providing scenic appeal and potential amenity value. The property is already approved for the construction of an apartment complex, streamlining the development process and reducing potential hurdles. Previous groundwork has already commenced on the site by a prior developer, although the extent of their progress is currently unknown. This presents a chance to either complete the existing project or adapt the plans to suit a new vision. The substantial acreage offers ample space for a large-scale development, catering to the growing demand for housing in the area. While specific square footage is unavailable, the expansive lot size ensures significant potential for a substantial return on investment. Prospective buyers are responsible for independently verifying all pertinent details, including square footage, lot size, school district information, and any applicable restrictions. This is a rare opportunity to acquire a ready-to-develop parcel in a desirable location with existing approvals in place. Act quickly to secure this prime development land. The asking price is $3,000,000.

    Property Features for Alexander Love Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,306,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    York
    County
    York County
    State
    South Carolina
    Longitude
    -81.22639
    Latitude
    35.01835

    Nearby Comparable

    • $130,000
      2.20 Acres

      Prime Commercial Land Opportunity

      2.2-acre commercial land in a rapidly growing area.
      Lincoln Rd, York, SC 29745
      View Details
    • $165,000
      2.20 Acres

      two gas stations

      Hardee\u00e2\u0080\u0099s
      00 Lincoln Rd, York, SC 29745
      View Details
    • $1,900,000
      10.54 Acres

      Highway Commercial/Industrial Development Opportunity

      10.54-acre commercial/industrial land with highway frontage in York, SC.
      855 Alexander Love Hwy E, York, SC 29745
      View Details
    • Contact for pricing

      Spring Lake Business Park Land

      York County industrial land, I-85 access.
      0 Filbert Hwy, Clover, SC 29745
      View Details
    • $374,900
      1,129 SF

      Corner Lot Commercial Building

      Well-maintained building on a visible corner lot with expansion potential.
      1853 Lincoln Rd, York, SC 29745
      View Details
    • $499,900
      0.18 Acres

      Historic Yorkville Retail Building

      Restored 1891 building, prime retail space.
      67 Congress St, York, SC 29745
      View Details
    • $199,500
      2.12 Acres

      Highway Frontage Commercial Land

      2.1-acre commercial lot on Highway 321 in York, SC.
      1473 Filbert Hwy, York, SC 29745
      View Details

    Nearby Similar for Sale

    • $310,000
      Pending

      York SC Investment Duplex

      Investment duplex in York, SC with leasing and rental options.
      306 Oak St, York, SC 29745
      View Details
    • $1,750,000
      Pending

      York Commercial Property with Cranes

      Industrial building with office space, cranes, and multiple drive-in doors.
      7709 Park Place Rd, York, SC 29745
      View Details
    • $800,000

      Corner Lot Flex-Space Building

      High-visibility corner lot with flex-space building in York, SC.
      1280 Black Hwy, York, SC 29745
      View Details
    • Contact for pricing

      Retail Property on Liberty Street

      Retail property with high visibility near major retailers.
      1000 East Liberty St, York, SC 29745
      View Details
    • $549,900

      Retail Building with Drive-Through

      2000 sq ft building with drive-through in York shopping district.
      1007 Creekside Medical Dr, York, SC 29745
      View Details
    • $499,900
      0.18 Acres

      Historic Yorkville Retail Building

      Restored 1891 building, prime retail space.
      67 Congress St, York, SC 29745
      View Details
    • $165,000
      2.20 Acres

      two gas stations

      Hardee\u00e2\u0080\u0099s
      00 Lincoln Rd, York, SC 29745
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 30-Acre Tract, Approved Apartment Complex
    Where is this commercial real estate located?
    The property is located at Alexander Love Hwy York, SC.
    What is the asking price?
    The asking price for this property is $3,000,000.
    (864) 504-4314
    Request Owner's contact information
    Alexander Love Hwy York, SC 29745
    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.
    Alexander Love Hwy
    York, SC 29745
    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
    Alexander Love Hwy York, SC 29745
    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.