Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land Near Highway 521 Title is generated by Realmo AI

    214 Fort Mill Hwy, Indian Land, SC 29707

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    3.6 acres of commercial land in a growing area.

    Type:Land
    Lot size:
    3.60 Acres
    Added:
    Jul 10, 2024
    Days on Market:
    694
    Last Refresh:
    May 12 at 9:55 pm

    Property Features for 214 Fort Mill Hwy

    General Information

    Standard status
    Active
    Lot size
    3.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike Brown

    Listing agent Mike Brown License #NC 163998 and SC 4361

    Listing office Cole Commercial Real Estate Advisors

    Listing date Jul 10, 2024

    Source Crexi

    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 Cole Commercial Real Estate Advisors

    HighLights

    • Fastest growing area in South Carolina (Indian Land, SC)
    • Zoned GB General Business
    • 3.6+- acres total
    • Near Hwy 521 and directly across from Lowes
    • High daytime population (90,927 within 5 miles)
    • High average household income ($115,628 within 5 miles)

    Overview

    This property features 3.6 acres of land, identified by tax IDs 0008-00-003.00 and 0008-00-004.00, with approximately 1.8 acres per owner. Zoned GB General Business, the land is situated near Highway 521, directly across from Lowe's, in Indian Land, South Carolina. This area is recognized as one of the fastest-growing regions in South Carolina. The property is located in front of The Capital Club 313 Apartments. The daytime population within a 5-mile radius is approximately 90,927, with an average household income of $115,628 within the same radius. The combined parcels offer over 200 feet of road frontage, measuring 208 feet by 783 feet. Short-term tenants occupy both properties, requiring a 45-day notice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant 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.

    Location Insight

    • Map
    • Local Demand
    City
    Indian Land
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.860985
    Latitude
    35.002388

    Nearby Similar for Sale

    • $129,000

      Residential Land in Gated Community

      Homesite in Longbrooke, near Charlotte, dining, and shopping.
      5128 Longbrooke Court, Indian Land, SC 29707
      View Details
    • $310,000

      Land with Remodeled Home

      0.83-acre lot with remodeled home near Ballantyne.
      10891 Pettus Road, Indian Land, SC 29707
      View Details
    • $1,365,000

      Land Ideal Rural Retreat

      22+ acre retreat near shopping, dining, and recreation.
      1115 John Short Road, Indian Land, SC 29707
      View Details
    • $540,000

      Land Parcel on Jim Wilson Road

      4.66-acre land parcel suitable for estate or development.
      000 Jim Wilson Road, Indian Land, SC 29707
      View Details
    • $205,000

      Land with Remodel Potential

      1.92 acres in Indian Land, SC, near Ballantyne.
      10420 Silver Mine Road, Indian Land, SC 29707
      View Details
    • $1,600,000

      Land For Sale Near Walmart

      1.55 acres of land with highway visibility and accessibility.
      10051 Charlotte Hwy, Indian Land, SC
      View Details
    • $2,019,550

      30 Acres Raw Land

      30-acre parcel of raw land in Indian Land, SC.
      Green Pond Road, Indian Land, SC 29707
      View Details
    • $2,900,000
      7 SF

      Prime Commercial Land Opportunity

      7.38 acres of commercial land in Indian Land, SC.
      Collins Rd, Indian Land, SC 29707
      View Details
    • $1,760,000

      Lancaster County Land For Sale

      4.4 acres in fast-growing area near Charlotte MSA.
      Charlotte Highway , Fort Mill, SC
      View Details
    • $900,000

      Land on Highway 521

      Land in booming Indian Land area, zoned Neighborhood Business.
      7382 Charlotte Highway, Indian Land, SC 29707
      View Details
    • $900,000

      Land on Highway 521

      Land in booming Indian Land area, zoned neighborhood business.
      7382 Charlotte Highway, Indian Land, SC 29707
      View Details
    • $10,855,000

      Commercial Land in Growing Area

      Prime commercial land with general business zoning in Indian Land.
      9457 Charlotte Highway, Indian Land, SC 29707
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.6 acres of commercial land in a growing area.
    Where is this commercial land located?
    The property is located at 214 Fort Mill Hwy Indian Land, SC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Fastest growing area in South Carolina (Indian Land, SC); Zoned GB General Business; 3.6+- acres total
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Brown
    Real Estate License ID: NC 163998 and SC 4361
    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

    Thank You for Inquiry
    214 Fort Mill Hwy, Indian Land, SC 29707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!