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

    Reidville Rd @ Rocky Ln Moore, SC 29369

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5.33 Acres, Residential Development Potential

    Property Features for 0 Reidville Rd @ Rocky Ln

    General Information

    Property type
    Land
    Lot Size
    232,175 SF

    We can help!

    Listing Contact
    Robbie Romeiser
    Robbie Romeiser

    Listing Agency: Spencer/Hines Properties Spartanburg Listing Agent: Robbie Romeiser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    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 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

    Nearby Similar for Sale

    • $4,250,000
      17,200 SF

      Profitable Residential Care Facility

      Turn-key, income-producing 95-bed residential care facility on 3.5 acres.
      4026 Moore Duncan Hwy, Moore, SC 29369
      View Details
    • Contact for pricing
      5,176 SF

      Established Office Building For Sale

      Office building in Duncan, SC, established in 2000.
      3610 Moore Duncan Hwy, Moore, SC 29369
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Building Near I-26

      20,000 sq ft industrial building with convenient highway access.
      6724 Highway 221, Moore, SC 29369
      View Details
    • $359,000
      1,800 SF

      Prime Moore Restaurant Space

      1800 SF Restaurant, $359,000
      6884 Us-221, Moore, SC 29369
      View Details
    • $250,000

      ADA Accessible Home with Upgrades

      Low-maintenance, ADA accessible home with upgraded features in West Hampton.
      423 Rexford Dr, Moore, SC 29369
      View Details
    • $250,000

      ADA Accessible Home with Upgrades

      Low-maintenance, accessible home with recent upgrades in West Hampton.
      423 Rexford Dr, Moore, SC 29369
      View Details
    • $4,500,000

      Midway Care Facility: High ROI

      Profitable 53-bed senior living facility in SC
      4026 Moore Duncan Hwy, Moore, SC 29369
      View Details

    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 Call to check price and availability
    Request Owner's contact information
    Reidville Rd @ Rocky Ln Moore, SC 29369
    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.
    Reidville Rd @ Rocky Ln
    Moore, SC 29369
    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
    Reidville Rd @ Rocky Ln Moore, SC 29369
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robbie Romeiser
    Robbie Romeiser
    Real Estate License ID: 45406
    (864) 706-0877 (864) 583-1001
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!