Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    229 Holly Drive Chesnee, SC 29323

    View on Map
    Claim this Listing
    For Sale
    $144,900

    Acreage - Chesnee, SC

    Lot size:
    2.49 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    113
    Last Refresh:
    Apr 28 at 7:06 pm

    Property Features for 229 Holly Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Exterior features
    Level, Wooded
    Standard status
    Active
    Lot size
    2.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Diana Tarasevich

    Listing agent Diana Tarasevich License #142432

    Listing office Ponce Realty Group 5504 Reidville Rd, DUNCAN, SC

    Listing date Jan 5, 2026

    MLS# 332212 Listing URL

    Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Chesnee, SC

    This 2.49-acre lot is located in Chesnee, South Carolina. The property is situated in District 2 and offers a level terrain suitable for building. It features 177 feet of road frontage and access to public water. The property is intended for residential use, with restrictions against mobile homes. The location provides convenient access to nearby stores, restaurants, and schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Nail Salon Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesnee
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.893187
    Latitude
    35.135798

    Nearby Similar for Sale

    • $799,990

      Unrestricted Commercial Land Near Chesnee

      15+ acre commercial site with highway frontage near Chesnee, SC.
      1063 Rutherfordton Highway, Chesnee, SC 29393
      View Details
    • $250,000
      2,100 SF

      Commercial Property in Growing Downtown

      Highly visible commercial property with flexible space in Chesnee, SC.
      120 S Alabama Avenue, Chesnee, SC 29323
      View Details
    • $367,000

      Chesnee Duplex with Spacious Units

      Two 3-bed, 2-bath units on over an acre.
      176 Sequoyah Drive, Chesnee, SC 29323
      View Details
    • $180,000

      Waterfront Lot in Fox Hill

      Rare 1.71-acre waterfront lot on Lake Blalock.
      356 Country Oak Road, Chesnee, SC 29323
      View Details
    • $389,950

      Chesnee Duplex Investment Opportunity

      Duplex in Chesnee, SC, with rental income potential.
      254 York Street, Chesnee, SC 29323
      View Details
    • $165,000

      Lake Blalock Waterfront Living

      1.92 acre waterfront lot on Lake Blalock.
      Lot 2 Buck Creek Rd, Chesnee, SC 29323
      View Details
    • $804,750

      Unrestricted Land Near Chesnee, SC

      43.33+- acres of unrestricted land suitable for development or private use.
      00 Woods Farm Rd., Chesnee, SC 29323
      View Details
    • $180,000

      Chesnee Acreage for Custom Home

      5.57-acre lot for building a dream home, no HOA.
      00 RC Thompson Road, Chesnee, SC 29323
      View Details
    • $389,950

      Chesnee Duplex Investment Opportunity

      Duplex in Chesnee, SC, with two rented units.
      250 York Street, Chesnee, SC 29323
      View Details
    • $199,900

      Chesnee Acreage with Wooded Privacy

      15.12 acres of land with wooded privacy and creek.
      0 Cantrell Drive, Chesnee, SC 29323
      View Details
    • $199,900

      Chesnee Acreage with Wooded Privacy

      15.11 acres of land with wooded privacy and creek.
      0 Cantrell Drive, Chesnee, SC 29323
      View Details
    • $450,000

      Prime Land on Highway 11

      9-acre land lot with excellent visibility and access.
      2307 11 Highway, Chesnee, SC 29323
      View Details

    FAQs

    What type of property is this?
    Land - 2.49 acre lot for dream home in District 2.
    Where is this land located?
    The property is located at 229 Holly Drive Chesnee, SC.
    What is the asking price?
    The asking price for this property is $144,900.
    What are key features of this property?
    This property features: Large 2.49 acre private lot; Located in District 2; Level lot with 177 ft road frontage
    (864) 494-0559
    We can help!
    Listing Contact
    Diana Tarasevich
    Real Estate License ID: 142432
    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!