Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Acreage with Workshop and Apartment Title is generated by Realmo AI

    4173 Old Furnace Rd, Chesnee, SC 29323

    View on Map
    Claim this Listing
    For Sale
    $379,000

    8.37 acres with an on-site 30x60 workshop, plus a 20x30 apartment for flexible live/work use.

    Type:Land
    Property size:
    2,400 SF
    Lot size:
    8.37 Acres
    Price / SF:
    $157/SF
    Added:
    May 27, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 3:44 am

    Property Features for 4173 Old Furnace Rd

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    8.37 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jody Cann
    Jody Cann

    Listing agent Jody Cann License #5329

    Listing office Cann Land & Timber, LLC

    Listing date May 27, 2026

    Source Exprealty

    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 Cann Land & Timber, LLC

    HighLights

    • 8.37 acres along Cherokee Creek with open pasture, cross‑fencing, and mature oak trees.
    • 30x60 workshop on a professionally stained 40x80 concrete pad with a shop area plus a 20x30 apartment.
    • 20x30 apartment features 18‑ft wood‑clad ceilings, 7‑ft windows, heating & air, and a tankless water heater.
    • Covered 10‑ft porch on two sides, plus apartment kitchen with stainless appliances, gas range with stainless hood, and farmhouse sink.
    • Gated entrance and beautifully crafted interior stairs and railing.
    • Public water available at the road (water meter installation required); no septic on‑site; Boiling Springs school district with access to Spartanburg and I‑85.

    Overview

    This property offers 8.37 acres along Cherokee Creek with open pasture and cross-fencing, anchored by mature oak trees. A gated entrance provides controlled access. The centerpiece is a 30x60 building set on a professionally stained 40x80 concrete pad, combining a shop area with a 20x30 apartment.

    The apartment includes 18-ft wood-clad ceilings, 7-ft windows, a tankless water heater, and heating and air. A 10-ft covered porch runs on two sides. Interior features include craft-built stairs and railing, and the kitchen is equipped with stainless steel appliances, a gas range with a stainless steel hood, and a farmhouse sink. Public water is available at the road, with a water meter installation required, and there is no septic on-site.

    For buyers seeking a property that supports both a workspace and living space, the layout is built around a shop plus a dedicated apartment. The acreage and fencing support everyday outdoor utility, while the gated entry helps define privacy and operational control. Convenient access to Spartanburg and I-85 is noted, and the property is located in the Boiling Springs school district.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom HVAC Service Discount Store 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
    -81.90345
    Latitude
    35.05568

    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
    • $389,950
      2,598 SF

      Well-Maintained Duplex Residence

      Two 3-bedroom, 2-bath units with one-car garages, currently occupied and generating immediate rental income.
      254 York Street, 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
    • $389,950
      2,598 SF

      Duplex with Two-Unit Rental

      Well maintained duplex in Chesnee offers two leased units with three bedrooms, two baths, and attached one-car garages.
      250 York Street, 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 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
    • $134,900

      Residential Lot in Chesnee, SC

      2.49 acre residential lot for sale in Chesnee, SC.
      229 Holly Drive, Chesnee, SC 29323
      View Details

    FAQs

    What type of property is this?
    Farm - 8.37 acres with an on-site 30x60 workshop, plus a 20x30 apartment for flexible live/work use.
    Where is this farm located?
    The property is located at 4173 Old Furnace Rd Chesnee, SC.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: 8.37 acres along Cherokee Creek with open pasture, cross‑fencing, and mature oak trees.; 30x60 workshop on a professionally stained 40x80 concrete pad with a shop area plus a 20x30 apartment.; 20x30 apartment features 18‑ft wood‑clad ceilings, 7‑ft windows, heating & air, and a tankless water heater.
    (864) 314-2752
    We can help!
    Listing Contact
    Jody Cann
    Jody Cann
    Real Estate License ID: 5329
    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
    4173 Old Furnace Rd, Chesnee, SC
    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!