Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Greer, SC Title is generated by Realmo AI

    407 Palmetto Drive, Greer, SC 29651

    View on Map
    Claim this Listing
    New
    For Sale
    $79,900

    LAND - Greer, SC

    Lot size:
    1.01 Acres
    Added:
    May 19, 2026
    Days on Market:
    5
    Last Refresh:
    May 23 at 4:06 am

    Property Features for 407 Palmetto Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9-02-07-190.00
    Lot size
    1.01 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Stacey Matsuda

    Listing agent Stacey Matsuda License #37585

    Listing office Bluefield Realty Group Greenville, SC

    Listing date May 19, 2026

    MLS# 1590911 Listing URL

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

    HighLights

    • Spacious vacant lot in a desirable, established community.
    • No HOA restrictions, offering freedom to customize your property.
    • Peaceful and private setting surrounded by mature trees and natural beauty.
    • Conveniently located close to everyday amenities.
    • Opportunity for custom build or future investment.
    • Benefits of Greenville County Schools while being taxed by Spartanburg County.

    Overview

    This vacant lot is situated in an established residential neighborhood, offering both privacy and convenience. The property is surrounded by mature trees and natural beauty, providing a peaceful setting for building a home. This spacious homesite offers privacy and has no HOA restrictions within Country Club Estates. This wooded lot presents potential in a desirable, established community. The land is located and taxed by Spartanburg County, while benefiting from Greenville County Schools. The lot size is 1.01 acres and is intended for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store Daycare Center Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.2057285
    Latitude
    34.9741219

    Nearby Similar for Sale

    • $1,600,000
      13,800 SF

      Freestanding Commercial Building on Wade Hampton

      Adaptable commercial building with multi-occupancy flexibility and high visibility.
      14629 E Wade Hampton Boulevard, Greer, SC 29651
      View Details
    • $1,200,000
      10,000 SF

      Renovated Office Building in Greer

      Updated office building with multiple suites and ample parking.
      554 Memorial Drive Extension, Greer, SC 29651
      View Details
    • $2,000,000
      1,766 SF

      Greer Multifamily Investment Opportunity

      6.46 acres with 4 homes and a shop.
      1261 Brockman McClimon Road, Greer, SC 29651
      View Details
    • $795,000

      Commercial Land in Greer, SC

      Commercial land with development potential near downtown Greer.
      906 W Poinsett Street, Greer, SC 29650
      View Details
    • $750,000

      Greer Commercial Land For Sale

      3.5 acre commercial corner lot in Greer, South Carolina.
      13001 E Wade Hampton Boulevard, Greer, SC 29651
      View Details
    • $505,000

      Greer Commercial Land For Sale

      High-traffic commercial land parcel with development potential in Greer, SC.
      13355 E Wade Hampton Boulevard, Greer, SC 29651
      View Details
    • $624,950

      Land with Home in Greer

      7+ acres with home near Greer, Spartanburg, and Greenville.
      659 Arlington Road, Greer, SC 29651
      View Details
    • $700,000

      Greer SC Vacant Industrial Land

      17.28 acres in high-growth industrial corridor near BMW.
      506 Robinson Road, Greer, SC 29651
      View Details
    • $219,000

      Cleared Land in Greer, SC

      0.87-acre commercial land parcel in a high-growth area.
      Aaron Tippin Drive, Greer, SC 29650
      View Details
    • $1,200,000

      Greer Acreage with Road Frontage

      Desirable 7.71-acre level tract with road frontage near I-85.
      375 Lightwood Knot Rd, Greer, SC 29651
      View Details
    • $1,500,000
      1,682 SF

      Greer Investment Property with Development Potential

      3.23 acres with homes, apartments, and development opportunities.
      382 Hudson Water Road, Greer, SC 29651
      View Details
    • $115,000

      Riverfront Acreage Homesite Opportunity

      2.46 acres of riverfront land on Reidville Road.
      0 Reidville Road, Greer, SC 29650
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in established neighborhood, ideal for custom home.
    Where is this residential land & home lot located?
    The property is located at 407 Palmetto Drive Greer, SC.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Spacious vacant lot in a desirable, established community.; No HOA restrictions, offering freedom to customize your property.; Peaceful and private setting surrounded by mature trees and natural beauty.
    (864) 205-7653
    We can help!
    Listing Contact
    Stacey Matsuda
    Real Estate License ID: 37585
    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
    407 Palmetto Drive, Greer, SC 29651
    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!