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    66.64 Acres on Twelve Mile River Title is generated by Realmo AI

    235 Old Henderson Road, Central, SC 29630

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    For Sale
    $549,000

    66.64 Acres Land Twelve Mile River | Tract One

    Property size:
    2,902,838 SF
    Lot size:
    66.64 Acres
    Price / SF:
    $0.19/SF
    Added:
    Mar 11, 2025
    Days on Market:
    438
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 235 Old Henderson Road

    General Information

    Standard status
    Active
    Property type
    Farms, Residential land & home lots, Agricultural land / Farmland, Agricultural properties, Land
    Size
    2,902,838 SF
    Elevators
    N/A
    Lot size
    66.64 Acres

    We can help!

    Listing Contact
    John Stillwell

    Listing agent John

    Listing office

    Listing date Mar 11, 2025

    HighLights

    • Access via Old Henderson Road
    • Multiple sites suitable for constructing a residence, cabin, or RV campsite
    • Utilities: Power, phone/internet available; well and septic required
    • No zoning or deed restrictions
    • Camp Creek and the Twelve Mile River serve as wildlife corridors with water sources attracting wildlife
    • Located in the center of the Twelve Mile Blueway, a ±30‑mile water trail with access for whitewater kayaking (Class II and III Rapids)
    • Acreage and utility to be verified by Buyer

    Overview

    This 66.64-acre property, identified as Tract One, is located on the Twelve Mile River and offers access via Old Henderson Road. The site presents multiple suitable locations for constructing a residence, cabin, or RV campsite. Power, phone, and internet utilities are available, while well and septic systems are required. The property is not subject to zoning or deed restrictions. Camp Creek and the Twelve Mile River act as wildlife corridors, providing water sources that attract wildlife. Situated in the center of the Twelve Mile Blueway, a 30-mile water trail, the location offers access for whitewater kayaking with Class II and III Rapids. Note that there are FEMA Flood Zone areas along Camp Creek and the Twelve Mile River, as well as an adjacent landfill containing sediment from dredging the Twelve Mile River. The property is located approximately 20 minutes from Clemson, SC, 30 minutes from Lake Hartwell, 30 minutes from Lake Keowee, and 40 minutes from Greenville, SC. An adjacent 62-acre tract with additional river frontage is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Spa & Massage Center Auto Repair Shop Gym & Fitness Center Skin Care Clinic Accounting Firm Garden Center Daycare Center Acupuncture Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Central
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.8049
    Latitude
    34.7453

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    FAQs

    What type of property is this?
    Farm - 66.64 Acres Land Twelve Mile River | Tract One
    Where is this farm located?
    The property is located at 235 Old Henderson Road Central, SC.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Access via Old Henderson Road; Multiple sites suitable for constructing a residence, cabin, or RV campsite; Utilities: Power, phone/internet available; well and septic required
    (864) 414-1879
    We can help!
    Listing Contact
    John Stillwell
    Learn More
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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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