Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land in Chesnee, SC Title is generated by Realmo AI

    2307 11 Highway, Chesnee, SC 29323

    View on Map
    Claim this Listing
    For Sale
    $450,000

    LAND - Chesnee, SC

    Lot size:
    9.00 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    110
    Last Refresh:
    May 30 at 4:06 am

    Property Features for 2307 11 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    9.00 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Svetlana Divinets

    Listing agent Svetlana Divinets License #124967

    Listing office Keller Williams Realty 1707 John B White Sr Blvd, Spartanburg, SC

    Listing date Feb 9, 2026

    MLS# 333370 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.

    HighLights

    • Prime 9‑acre land lot.
    • Located along Highway 11 in Chesnee, offering excellent visibility and easy access.
    • Versatile zoning allows for a variety of uses (residential, commercial, etc.).
    • Water Available.
    • Opportunity to purchase additional acres.
    • Located in a growing area.

    Overview

    This 9-acre land lot is located along Highway 11 in Chesnee. The property offers excellent visibility and easy access. With its versatile zoning and generous size, it presents an opportunity for a variety of uses, including a residential subdivision or a commercial project. There is a possibility to purchase additional acres in this growing area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chesnee
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.855
    Latitude
    35.1243

    Nearby Similar for Sale

    • $250,000
      2,100 SF

      Prime Commercial Property in Chesnee

      Highly visible commercial property in Chesnee's growing downtown district.
      120 S Alabama Avenue, Chesnee, SC 29323
      View Details
    • $429,900
      2,693 SF

      New Duplex in Growing Location

      New construction duplex with strong income potential near Chesnee.
      1778/1780 Ezell Road, Chesnee, SC 29323
      View Details
    • $356,500
      3,589 SF

      Chesnee Duplex with Spacious Units

      Duplex with updated units, ideal for rental income.
      176 Sequoyah Drive, Chesnee, SC 29323
      View Details
    • $599,990

      Unrestricted Land Near Chesnee, SC

      15+ acre property with highway frontage near Chesnee, South Carolina.
      1063 Rutherfordton Highway, Chesnee, SC 29393
      View Details
    • $599,990

      Unrestricted Land Near Chesnee, SC

      15+ acre property with highway frontage near Chesnee, South Carolina.
      1063 Rutherfordton Highway, Chesnee, SC 29323
      View Details
    • $389,950
      2,598 SF

      Chesnee Duplex Investment Opportunity

      Duplex in Chesnee, currently rented, walking distance to downtown.
      254 York Street, Chesnee, SC 29323
      View Details
    • $379,000

      Chesnee Land with Creek Frontage

      8.35 acres with creek, building, and apartment near Spartanburg.
      4173 Old Furnace Road, Chesnee, SC 29323
      View Details
    • $389,950
      2,598 SF

      Chesnee Duplex Investment Opportunity

      Duplex in Chesnee, SC, near downtown. Investment opportunity.
      250 York Street, Chesnee, SC 29323
      View Details
    • $180,000

      Waterfront Land in Fox Hill

      Rare 1.71-acre waterfront lot in Fox Hill Plantation.
      356 Country Oak Road, Chesnee, SC 29323
      View Details
    • $129,554

      Chesnee Land for Custom Home

      1.75 acre parcel in Chesnee, SC for residential development.
      326 Aldrich Road, Chesnee, SC 29323
      View Details
    • $239,900

      Waterfront Land in Gated Community

      Waterfront lot with 273 feet of frontage on Lake Blalock.
      795 E Ridge Water Drive, Chesnee, SC 29323
      View Details
    • $194,900

      Lakefront Lot in Gated Community

      Beautiful 1.48-acre lakefront lot in Chesnee, South Carolina.
      715 E Ridgewater Drive, Chesnee, SC 29323
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9-acre land lot with excellent visibility and easy access.
    Where is this commercial land located?
    The property is located at 2307 11 Highway Chesnee, SC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime 9‑acre land lot.; Located along Highway 11 in Chesnee, offering excellent visibility and easy access.; Versatile zoning allows for a variety of uses (residential, commercial, etc.).
    (864) 359-6659
    We can help!
    Listing Contact
    Svetlana Divinets
    Real Estate License ID: 124967
    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

    Thank You for Inquiry
    2307 11 Highway, Chesnee, SC 29323
    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!