Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Seneca Office Space For Sale Title is generated by Realmo AI

    631 By Pass 123, Seneca, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space conveniently located off Bypass 123 in Seneca, SC.

    Type:OFFICE
    Property size:
    2,400 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $249/SF
    Added:
    Jun 25, 2025
    Days on Market:
    327
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 631 By Pass 123

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.43 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Bryon Culbertson
    Bryon Culbertson

    Listing agent Bryon Culbertson

    Listing office Joyner Commercial

    Listing date Jun 25, 2025

    Source Moodyscre

    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 Joyner Commercial

    HighLights

    • Convenient location right off the 123 Bypass
    • Perfect for office, professional, or service‑based businesses

    Overview

    This 2,400 square foot property is located off Bypass 123 in Seneca, South Carolina. It is suitable for office, professional, or service-based businesses.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $340.7K
    NOI $30,661 @ 9.00% cap · cautious / downside scenario
    Moderate
    $438.0K
    NOI $30,661 @ 7.00% cap · market / base-case scenario
    Aggressive
    $613.2K
    NOI $30,661 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $48.1k $20.04
    − Vacancy −$7.2k −$3.01
    EGI $40.9k $17.03
    − OpEx −$10.2k −$4.26
    NOI $30.7k $12.78
    2,400 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $438.0K
    $383.3K – $511.0K (±1% cap)
    NOI $30,661 @ 7.0% cap · market cap 5.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $602.5K
    $527.2K – $702.9K (±1% cap)
    NOI $42,172 @ 7.0% cap · market cap 7.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stancil Cooley Estep ... Accounting Firm Hats Off Solution ... Tax Preparation

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.9601
    Latitude
    34.6971

    Nearby Similar for Sale

    • $619,000
      3,092 SF

      Two Furnished Homes on 1.2 Acres

      Two fully furnished homes near Seneca and Clemson, move-in ready.
      213 & 217 Singing Pines Road, Seneca, SC 29678
      View Details
    • $1,800,000

      Seneca Retail/Warehouse Opportunity

      All brick/concrete building with existing tenants and expansion potential.
      518 W N 1st Street, Seneca, SC 29678
      View Details
    • $239,900

      Commercial Building in Seneca, SC

      Commercial building with open floor plan suitable for various businesses.
      615 W N 1st Street, Seneca, SC 29678
      View Details
    • $1,900,000

      Turn-Key Restaurant Franchise Opportunity

      Turn-key national franchise restaurant with real estate for sale.
      1053 By Pass 123 Bypass, Seneca, SC 29678
      View Details
    • $1,399,999
      12,000 SF

      Seneca Retail Building For Sale

      12,000 SF building with conversion potential in Seneca, SC.
      12020 North Radio Station Road, Seneca, SC 29678
      View Details
    • $490,000
      9,650 SF

      Two Warehouses Near Clemson

      Two warehouse buildings totaling 9,650 SF on one acre.
      306 By Pass 123, Seneca, SC
      View Details
    • $125,000

      Seneca Automotive Service Property

      Automotive service property near downtown Seneca with four bays.
      919 E S 6th Street, Seneca, SC 29678
      View Details
    • $1,399,999
      12,000 SF

      Seneca Retail Building For Sale

      12,000 SF building with conversion potential in Seneca, SC.
      12020 N Radio Station Rd, Seneca, SC 29678
      View Details
    • $250,000

      Commercial Property on Radio Station Rd

      Commercial property with road frontage, suitable for business location.
      11081 N Radio Station Road, Seneca, SC 29678
      View Details
    • $239,000
      1,918 SF

      Seneca Duplex Investment Opportunity

      Rare duplex near Bypass in Seneca, SC. Ideal rental portfolio.
      400 Fox Fire Ct, Seneca, SC 29672
      View Details
    • Contact for pricing
      2,900 SF

      Seneca Office Space For Rent

      Office space in the heart of Seneca, ample parking.
      735 N Townville St, Seneca, SC
      View Details
    • $3,000,000

      Seneca Self-Storage Facility for Sale

      Self-storage facility in Seneca, SC, available for purchase.
      420 Sitton Shoals Rd, Seneca, SC 29678
      View Details

    FAQs

    What type of property is this?
    Office units - Office space conveniently located off Bypass 123 in Seneca, SC.
    Where is this office units located?
    The property is located at 631 By Pass 123 Seneca, SC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Convenient location right off the 123 Bypass; Perfect for office, professional, or service‑based businesses
    (864) 420-2326 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryon Culbertson
    Bryon Culbertson
    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
    631 By Pass 123, Seneca, 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!