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

    11 Matthews Creek Lane Cleveland, SC 29635

    View on Map
    Claim this Listing
    For Sale
    $31,000

    Residential Lot - Cleveland, SC

    Lot size:
    1.50 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for 11 Matthews Creek Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0687.09-01-035.00
    Lot size
    1.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Greg McMahan
    Greg McMahan

    Listing agent Greg McMahan

    Listing office Cherokee Foothills Realty LLC 6190 Highway 11, Pickens, SC

    Listing date Feb 18, 2026

    MLS# 1582128 Listing URL

    Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Matthews Creek

    This 1.5-acre wooded lot is located in the Matthews Creek development off Table Rock Road in Cleveland, South Carolina. The rolling property may offer a mountain view with clearing. The Matthews Creek development is established and quiet. A well and septic system will need to be installed. Adjacent lots are also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.6500542
    Latitude
    35.0697233

    Nearby Similar for Sale

    • $650,000

      Charming Mountain Store Opportunity

      Turnkey cafe and general store in scenic Cleveland, SC.
      4000 Geer Highway, Cleveland, SC 29635
      View Details
    • $650,000

      Versatile Commercial Property, Cleveland, SC

      Two well-maintained buildings on 1.89 acres with multiple end-use opportunities.
      4033 Geer Highway, Cleveland, SC 29635
      View Details
    • $499,000

      6.27 Acres Homesite with Views

      Stunning homesite with mountain views, privacy, and convenient location.
      126 Old Springfield Road, Cleveland, SC 29635
      View Details
    • $30,000

      Cliff Ridge Residential Lot

      Wooded lot in gated mountain community near Caesar’s Head.
      116 Hemlock Trail, Cleveland, SC 29635
      View Details
    • $29,000

      Residential Lot in Gated Community

      Residential lot with mountain views and community amenities.
      609 Cliff Ridge Drive, Cleveland, SC 29635
      View Details
    • $35,000

      Residential Lot in Cliff Ridge

      Pristine 0.71 acre lot in upscale mountain community.
      000 Cliff Ridge Drive, Cleveland, SC 29635
      View Details
    • $35,000

      Residential Lot in Cliff Ridge

      Residential lot in Cliff Ridge Colony with community amenities.
      111 Columbine Way, Cleveland, SC 29635
      View Details
    • $35,000

      Residential Lot in Cliff Ridge

      Residential lot in Cliff Ridge Colony with community amenities.
      116 Birchbend, Cleveland, SC 29635
      View Details
    • $29,500

      Residential Lot in Cliff Ridge

      Residential lot in Cliff Ridge Colony with community amenities.
      112 Birchbend, Cleveland, SC 29635
      View Details
    • $30,000

      Residential Lot in Gated Community

      0.59-acre residential lot with amenities in Cleveland, South Carolina.
      108 Hemlock Trail, Cleveland, SC 29635
      View Details
    • $35,000

      Residential Lot in Gated Community

      Wooded lot with amenities in a secure gated community.
      616 Cliff Ridge Drive, Cleveland, SC 29635
      View Details
    • $35,000

      Residential Lot in Gated Community

      Vacant lot in gated community with mountain views and privacy.
      00 Birchbend, Cleveland, SC 29635
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.5-acre wooded lot in established Cleveland development.
    Where is this residential land & home lot located?
    The property is located at 11 Matthews Creek Lane Cleveland, SC.
    What is the asking price?
    The asking price for this property is $31,000.
    What are key features of this property?
    This property features: 1.5 wooded acres in Matthews Creek; Sought after Matthews Creek location; Potential mountain view after clearing
    (864) 898-2922
    We can help!
    Listing Contact
    Greg McMahan
    Greg McMahan
    Real Estate License ID: 62671
    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!