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    Reidville Rd @ Rocky Ln Moore, SC 29369

    For Sale
    $399,750

    5.33 Acres, Residential Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 5.33-acre parcel in Moore, South Carolina, presents a compelling opportunity for residential development. Strategically located at the intersection of Reidville Road and Rocky Lane, this property boasts approximately 128 feet of frontage on Reidville Road and approximately 700 feet on Rocky Lane. Its prime location offers easy access to nearby retail, restaurants, and District 5 schools, enhancing its appeal to potential residents. High traffic counts, with approximately 15,425 cars per day (2023 Placer.AI data), underscore the visibility and accessibility of this site. The surrounding demographics are strong, with a 3-mile radius encompassing a population of 21,339, 7,981 households, and an average household income of $96,207. The minimum household income within this radius is $79,564, indicating a robust and affluent market. Projected growth from 2023-2028 is estimated at approximately 7.41%, further solidifying the long-term investment potential. The property is priced at $75,000 per acre, totaling $399,750. The Spartanburg County Tax Map number is 5-32-05-003.00. This is an ideal location for a residential development project, offering significant potential for return on investment.

    Property Features for 0 Reidville Rd @ Rocky Ln

    General Information

    Property type
    Land
    Lot Size
    232,175 SF

    HighLights

    • $399,750 asking price for 5.33 acres of land.
    • $75,000 per acre land value.
    • Ideal for residential development.
    • Located near retail, restaurants, and District 5 schools in Moore, SC.
    • Significant road frontage: approximately 128 feet on Reidville Road and 700 feet on Rocky Lane.
    • High traffic count: approximately 15,425 cars per day (2023 Placer.AI data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moore
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0611941
    Latitude
    34.8883888

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    FAQs

    What type of property is this?
    Land - 5.33 Acres, Residential Development Potential
    Where is this land located?
    The property is located at Reidville Rd @ Rocky Ln Moore, SC.
    What is the asking price?
    The asking price for this property is $399,750.
    What are key features of this property?
    This property features: $399,750 asking price for 5.33 acres of land.; $75,000 per acre land value.; Ideal for residential development.
    (864) 706-0877
    Request Owner's contact information
    Reidville Rd @ Rocky Ln Moore, SC 29369
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    Moore, SC 29369
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    Realmo Value Estimation

    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.

    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.

    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
    Reidville Rd @ Rocky Ln Moore, SC 29369
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