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

    Bearington Rd Newberry, SC 29108

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

    ±178 Acres, Prime Development Site

    Property Features for 0 Bearington Rd

    General Information

    Property type
    Agricultural land / Farmland
    Lot Size
    7,763,263 SF

    We can help!

    Listing Contact
    Tombo Milliken
    Tombo Milliken

    Listing Agency: NAI Columbia Listing Agent: Tombo Milliken

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

    Learn more

    Overview

    This exceptional ±178.22-acre development tract is strategically located in Newberry County, South Carolina, offering unparalleled access to Interstate 26. The property boasts approximately 2,153 feet of prime I-26 frontage, ensuring exceptional visibility and accessibility for any industrial development. The land is split-zoned for both industrial and rural uses, providing flexibility for a variety of projects. The asking price is $4,455,500, translating to a competitive $25,000 per acre. The topography is well-suited for industrial development, making this a turnkey opportunity for businesses seeking a strategic location in a burgeoning industrial corridor. The property's APN is 452-25. This significant acreage presents a rare chance to capitalize on the growth potential of Newberry County's thriving industrial sector. The location, zoning, and accessibility combine to create a compelling investment opportunity. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a premier industrial site in a rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newberry
    County
    Newberry
    State
    South Carolina
    Longitude
    -81.5363151
    Latitude
    34.2758627

    Nearby Similar for Sale

    • New
      $440,000
      2,320 SF

      Downtown Newberry Commercial Space Available

      Three-story commercial space with unfinished living area in downtown Newberry.
      1407 Main St, Newberry, SC 29108
      View Details
    • New
      $550,000
      4,032 SF

      Downtown Newberry Retail Space Available

      Large retail space on Main Street in historic Newberry, SC.
      1409 Main St, Newberry, SC 29108
      View Details
    • New
      $199,000
      1,920 SF

      Downtown Newberry Commercial Space Available

      Retail and storage/warehouse space in downtown Newberry, South Carolina.
      1405 Main St, Newberry, SC 29108
      View Details
    • $50,000
      1,170 SF

      Downtown Newberry Commercial Corner Lot

      Prime commercial corner in historic downtown Newberry, South Carolina.
      1101 Nance St, Newberry, SC 29108
      View Details
    • $425,000
      4,000 SF

      Newberry Commercial Property - 3.49 Acres

      Prime Newberry location, large warehouse, high potential.
      625 Nance St, Newberry, SC 29108
      View Details
    • $77,000
      1,170 SF

      Newberry Commercial Building - $77K

      High-visibility corner lot, ready for your business.
      1101 Nance St, Newberry, SC 29108
      View Details
    • $2,995,000
      6.50 Acres

      Historic Newberry Estate: 12 Properties

      Luxury Historic Estate, Turnkey Investment
      921 Jessica Ave, Newberry, SC 29108
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - ±178 Acres, Prime Development Site
    Where is this agricultural land / farmland located?
    The property is located at Bearington Rd Newberry, SC.
    What is the asking price?
    The asking price for this property is $4,455,500.
    What are key features of this property?
    This property features: ±178.22-acre development tract in Newberry County, SC.; 2,153 feet of I-26 frontage.; Split-zoned for industrial and rural uses.
    (803) 744-9852 Call to check price and availability
    Request Owner's contact information
    Bearington Rd Newberry, SC 29108
    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.
    Bearington Rd
    Newberry, SC 29108
    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
    Bearington Rd Newberry, SC 29108
    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 Tombo Milliken
    Tombo Milliken
    (803) 744-9852
    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!