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

    578 Us Hwy 1 S Cheraw, SC 29520

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    1.41 acre commercial property outside Cheraw city limits.

    Type:General Commercial
    Lot size:
    1.41 Acres
    Added:
    Dec 26, 2021
    Days on Market:
    1576
    Last Refresh:
    Apr 1 at 8:54 pm

    Property Features for 578 Us Hwy 1 S

    General Information

    Standard status
    Active
    Lot size
    1.41 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    2018

    We can help!

    Listing Contact
    Keller Williams Innovate South

    Listing agent Keller Williams Innovate South

    Listing office

    Listing date Dec 26, 2021

    Source Xome

    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 Keller Williams Innovate South

    Overview

    Commercial Land on US Highway

    This 1.41-acre commercial property is located just outside the city limits of Cheraw, in Chesterfield County, along US Highway 1. Sold as is, the property features a loading bay, parking spaces, and complete fencing. Its direct access to Highway 1 makes it an ideal location with significant potential. Zoned for commercial use, the property is suitable for various applications, including distribution and warehousing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cheraw
    County
    Chesterfield
    State
    South Carolina
    Longitude
    -79.9151
    Latitude
    34.6398

    Nearby Similar for Sale

    • $699,500

      Cheraw Investment Opportunity

      Investment property with stable income and potential for increased returns.
      908 Chesterfield Highway, Cheraw, SC 29520
      View Details
    • $160,000
      1,200 SF

      Cheraw Office Building For Sale

      Brick office building near Cheraw's Historic District.
      211 Kershaw Street, Cheraw, SC 29520
      View Details
    • $249,000

      Highway 9 Commercial Land Opportunity

      2+ acre corner lot on Highway 9 near Walmart.
      1048 Chesterfield Hwy, Cheraw, SC 29520
      View Details
    • $300,000
      4,000 SF

      Versatile Retail Space in Cheraw

      Commercial property with retail space and additional building in Cheraw.
      125 2nd Street Cheraw, SC 29520
      View Details
    • $2,210,000

      240 Acres in Chesterfield County

      Expansive land with development potential and recreational opportunities.
      6377 Highway 52 N, Cheraw, SC 29520
      View Details
    • $148,000

      Cheraw SC Land For Sale

      22-acre tract zoned for general development with multiple possibilities.
      Wire 2 Road, Cheraw, SC 29520
      View Details
    • $205,000

      20 Acres of Fenced Land

      20-acre property with mature trees, shared pond, and fencing.
      52 Mcmillan Road, Cheraw, SC 29520
      View Details
    • $196,000

      Cheraw Land for Hunting, Recreation

      49 acres of land ideal for hunting and recreation.
      TBD 2 Cash Swamp Rd, cheraw, SC 29520-0000
      View Details
    • $196,000

      49 Acres Hunting Land, Cheraw

      49 acres of hunting land in the Pee Dee River swamp.
      Cash Swamp Rd, cheraw, SC 29520
      View Details
    • $199,000

      Four Income-Generating Properties in Cheraw

      Four residential income properties with solid rental history in Cheraw.
      116/122/124/126 Godfrey St, Cheraw, SC 29520
      View Details
    • $299,000
      4,000 SF

      Highway Commercial Corner Lot

      Commercial property with three buildings and vacant lot for sale.
      191-201 Hwy 1 South, Cheraw, SC 29520
      View Details
    • $124,900

      Unrestricted Land Near Highway

      4.49 acres of unrestricted land with highway frontage.
      US Hwy 1/52 Truck Route Bypass, Cheraw, SC 29520
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.41 acre commercial property outside Cheraw city limits.
    Where is this commercial land located?
    The property is located at 578 Us Hwy 1 S Cheraw, SC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 1.41 acre commercial property with direct access to US Highway 1.; Zoned for commercial use, suitable for distribution, warehouses, and more.; Fully fenced perimeter.
    (843) 443-9400
    We can help!
    Listing Contact
    Keller Williams Innovate South
    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!