Add Listing
    For Lease
    • 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

    222-254 Bypass 72 NW Greenwood, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Greenwood, SC with high visibility.

    Type:RETAIL
    Property size:
    3,200 SF
    Lot size:
    13.04 Acres
    Added:
    Dec 4, 2024
    Days on Market:
    510
    Last Refresh:
    Apr 5 at 10:02 pm

    Property Features for 222-254 Bypass 72 NW

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Lot size
    13.04 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 222-254 Bypass 72 NW Contact us

    We can help!

    Listing Contact
    Leland
    Leland "LJ" Kleger

    Listing agent Leland "LJ" Kleger

    Listing office One Alliance Companies

    Listing date Dec 4, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of One Alliance Companies

    Overview

    Retail Space on High-Traffic Corner

    This shopping center is positioned at the corner of Highway 72 Bypass and Highway 25, benefiting from traffic counts of 23,000 vehicles per day. Co-tenants include U-Haul, Harbor Freight Tools, and Farmer’s Home Furniture. The location offers easy access and is in close proximity to Lander University. The available retail space is 3,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Savvy — 420-1, SC-72 Business, Greenwood, SC 29649
    • Greenwood Mall — 420 SC-72 NW, Greenwood, SC 29649

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1761
    Latitude
    34.2138

    Nearby Similar for Lease

    • $5 SF/Yr

      Industrial Building in Greenwood, SC

      37,800 SF industrial building for lease in Greenwood.
      111 Commerce Cir E, Greenwood, SC 29646
      View Details
    • $4 SF/Yr

      Industrial Warehouse with Expansion Potential

      169395 SF warehouse with expansion and rail access.
      1401 Hwy 246 S, Greenwood, SC
      View Details
    • Contact for pricing

      Industrial Space with High Ceilings

      Manufacturing space featuring 14 dock doors and high ceilings.
      401 Puckett Ferry Rd, Greenwood, SC
      View Details
    • Contact for pricing

      Restaurant Opportunity in Greenwood, SC

      7,256 SF restaurant space with tenant improvements on 2.11 acres.
      452 Bypass 72 NW, Greenwood, SC
      View Details
    • Contact for pricing

      Greenwood Specialty Property for Rent

      59,870 SF specialty property available for rent in Greenwood.
      215 Puckett Ferry Rd, Greenwood, SC
      View Details
    • Contact for pricing

      Greenwood Warehouse Space Available

      122,610 SF warehouse space for lease in Greenwood, SC.
      201 Puckett Ferry Rd, Greenwood, SC
      View Details
    • $4 SF/Yr

      Mixed-Use Building with Upgrades

      53,900 SF building with office, retail, and warehouse space.
      1405 Bypass 72 NE, Greenwood, SC
      View Details
    • Contact for pricing

      Retail Space in Greenwood, SC

      Retail space available in a high-traffic shopping center.
      3353 Hwy 72 221 E, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Retail Space Anchored by Walmart

      Retail space available in Greenwood, South Carolina, anchored by Walmart.
      1413 Cambridge Ave E, Greenwood, SC
      View Details
    • Contact for pricing

      Lakelands Industrial Park Recycling Center

      10,000 SF recycling center with docks and drive-in door.
      103 Spray Shed Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space available for lease in Greenwood, South Carolina.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Greenwood, SC.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Greenwood, SC with high visibility.
    Where is this shopping center located?
    The property is located at 222-254 Bypass 72 NW Greenwood, SC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High traffic location at the corner of Hwy 72 Bypass & Hwy 25.; Traffic counts of 23,000 VPD.; Co‑tenancy with U‑haul, Harbor Freight Tools, and Farmer’s Home Furniture.
    (864) 979-9576 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Leland
    Leland "LJ" Kleger
    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!