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    Retail Building on Miracle Mile Title is generated by Realmo AI

    110 Miracle Mile Drive, Anderson, SC 29621

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    For Sale
    $3,900,000

    SINGLE_FAMILY - Anderson, SC

    Type:Retail
    Lot size:
    2.76 Acres
    Added:
    May 26, 2026
    Days on Market:
    2
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 110 Miracle Mile Drive

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Appliances
    WaterHeater
    Standard status
    Active
    APN
    121-06-02-004
    Lot size
    2.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    19025

    Building Details

    Floors in Building
    1
    Flooring type
    Tile, Concrete, Laminate
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    David Phillips

    Listing agent David Phillips License #22878

    Listing office Silver Star Real Estate 2315 N Main Street, Ste 22, ANDERSON, SC

    Listing date May 26, 2026

    MLS# 20301641

    Copyright © 2026 Western Upstate 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.

    HighLights

    • Prime location on Miracle Mile Dr offering excellent visibility and accessibility
    • Substantial 2.72‑acre lot providing ample space for expansion or customized development
    • Spacious layout catering to a wide range of retail concepts
    • Significant potential for multi‑tenant operations
    • Located in Anderson's dynamic commercial landscape
    • Building has durable metal roof and block construction

    Overview

    Located at 110 Miracle Mile Dr in Anderson, SC, this retail building offers a 2.72-acre lot, providing space for commercial ventures. The acreage allows for expansion or customized development. Situated on Miracle Mile Dr, the location offers visibility and accessibility, attracting attention from traffic and consumers. This retail building is positioned to capitalize on Anderson's commercial landscape, making it an investment for businesses seeking a strategic foothold. The layout and lot size cater to retail concepts, from showrooms to multi-tenant operations, promising versatility and growth potential. It is located in a thriving area, offering convenience and a community atmosphere.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Guitar Shop (Bike/Boat/Book/etc) Store Cameron Paul's Dojo Sports School GetRight! Personal Training Gym & Fitness Center Taqueria Picante Mexican ... Restaurant Precision Carolina Spinal ... Alternative Medicine Practice

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Building Supply Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.667985
    Latitude
    34.547278

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    FAQs

    What type of property is this?
    Retail space - Prime retail building with excellent visibility and accessibility in Anderson.
    Where is this retail space located?
    The property is located at 110 Miracle Mile Drive Anderson, SC.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Prime location on Miracle Mile Dr offering excellent visibility and accessibility; Substantial 2.72‑acre lot providing ample space for expansion or customized development; Spacious layout catering to a wide range of retail concepts
    (864) 617-5463
    We can help!
    Listing Contact
    David Phillips
    Real Estate License ID: 22878
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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.

    More about this property
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    110 Miracle Mile Drive, Anderson, SC 29621
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