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
    The Largest CRE Database in the US with Over 1 Million Listings

    1035 Cross Anchor Rd Woodruff, SC 29388

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $659,900

    Highly visible 2.46-acre corner site in Woodruff, South Carolina.

    Property size:
    2 SF
    Lot size:
    2.46 Acres

    Property Features for 1035 Cross Anchor Rd

    General Information

    Size
    2 SF
    Lot size
    2.46 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Brett Mitchell
    Source: Svn

    Listing Agent: Brett Mitchell

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

    Learn more

    Property Insight Report

    Overview

    Prime Woodruff Commercial Development Opportunity

    This commercial development opportunity is located in Woodruff, South Carolina. The 2.46-acre site is positioned on a hard corner between Woodruff High School and Woodruff Primary School. The location provides traffic and visibility. The site is located on Cross Anchor Road and Lucy P Edwards Road, offering ingress and egress options. The site is suited for quick service restaurants, convenience retail, medical users, or multi-tenant development. The area surrounding the site has new medical offices, national retail users, and residential subdivisions. The location is experiencing population and infrastructure growth due to industrial investment. All utilities are available at the site. Zoning allows for flexible commercial use. A multi-use greenway or sidepath is proposed along the site frontage to aid with walkability and connectivity to Woodruff’s downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Building Supply Gym & Fitness Wholesale Shop Hotel & Motel Kitchen & Bath Department Store Bar & Pub Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodruff
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.01297
    Latitude
    34.729454

    Nearby Similar for Sale

    • $499,900
      1.00 Acre

      New Duplex Near BMW Plant

      New duplex in growing Woodruff, near BMW Battery Plant.
      1717 Edwards Rd, Woodruff, SC 29388
      View Details
    • $925,000
      8.13 Acres

      Mobile Home Portfolio For Sale

      Eleven tenant-occupied mobile homes in Upstate South Carolina.
      1442 Bobcat Ln, Woodruff, SC 29388
      View Details
    • $450,000

      Woodruff SC Multifamily Investment

      Six-unit apartment complex in Woodruff, South Carolina with tenants.
      326 Irby St, Woodruff, SC 29388
      View Details
    • $175,000
      2,792 SF

      Partially Renovated Building on Highway

      2,792 SF building with renovation and expansion potential.
      12117 Highway 221, Woodruff, SC 29388
      View Details
    • $299,900
      1,122 SF

      Commercial Building in Woodruff, SC

      Retail property for sale in Woodruff's Historic District.
      209 W Georgia St, Woodruff, SC 29388
      View Details
    • $399,000
      0.26 Acres

      Main Street Woodruff Commercial Property

      Historic Home, Perfect for Business
      577 Main St, Woodruff, SC 29388
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible 2.46-acre corner site in Woodruff, South Carolina.
    Where is this commercial land located?
    The property is located at 1035 Cross Anchor Rd Woodruff, SC.
    What is the asking price?
    The asking price for this property is $659,900.
    What are key features of this property?
    This property features: - Located in a rapidly growing area of Spartanburg County, driven by major industrial investments (BMW, Scout Motors) leading to population and infrastructure growth.; - High-visibility ±2.46-acre hard-corner site positioned directly between the new Woodruff High School and Woodruff Primary School, ensuring substantial daily traffic.; - Strategic hard corner location on Cross Anchor Rd and Lucy P Edwards Rd, providing excellent ingress and egress.
    (864) 498-3664
    Request Owner's contact information
    1035 Cross Anchor Rd Woodruff, SC 29388
    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.
    1035 Cross Anchor Rd
    Woodruff, SC 29388
    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
    1035 Cross Anchor Rd Woodruff, SC 29388
    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

    We can help!
    Listing Contact
    Brett Mitchell
    Real Estate License ID: #136379
    (864) 498-3664
    Learn more
    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.