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    629 Old Greenville Hwy Clemson, SC 29631

    • Commercial real estate
    • 3.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2788967
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 629 Old Greenville Hwy

    Lot size
    3.94 lot acres
    Property type
    Commercial real estate
    APN
    4054-11-76-4404, 4054-11-76-2045, 4054-11-75-3900

    Description

    This exceptional 3.94-acre commercial land parcel presents a unique investment opportunity in the thriving city of Clemson, South Carolina. Located at 629 Old Greenville Hwy, 29631, this property comprises three separate parcels with APNs 4054-11-76-4404, 4054-11-76-2045, and 4054-11-75-3900. The zoning allows for diverse development options. Approximately 2.97 acres are zoned RM-1, suitable for two-family residential development, while 0.97 acres are zoned CP-2, opening possibilities for commercial ventures such as medical office space or retail/restaurant establishments. All utilities are readily available, simplifying development plans. The asking price for this strategically located property is $725,000. The potential for multifamily development or other commercial uses makes this a highly attractive investment in a rapidly growing area. Adjacent land may also be available, offering potential for expansion. This property is situated in Pickens County, South Carolina, offering easy access to Clemson's vibrant community and amenities. Don't miss this chance to acquire a significant piece of land with exceptional development potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clemson
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.80478453
    Latitude
    34.69501655

    Comparable in this City

    • $149,000
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      Clemson Medical Office Building

      Prime medical office, 8,000 SF, 0.37 acres
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      Clemson Land for Multifamily Development

      7+ acres in Clemson, SC, ideal for multifamily or hotel development.
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      1.35 Acres

      Clemson Commercial Land Opportunity

      1.36 Acres, Prime Clemson Location
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      Clemson Land Parcels Available

      Two outparcels available in Clemson, South Carolina.
      608 Issaqueena Trl, Clemson, SC 29631
      View Details

    Similar Nearby for Sale

    • $149,000
      0.75 Acres

      Land Near Clemson University

      Residential land available near Clemson University.
      103 Jenkins Pl, Clemson, SC 29631
      View Details
    • $2,000,000

      Clemson Commercial Land - Tiger Blvd

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      1053 Tiger Blvd, Clemson, SC 29631
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      1.35 Acres

      Clemson Commercial Land Opportunity

      1.36 Acres, Prime Clemson Location
      105 Cochran Rd, Clemson, SC 29631
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    • Contact for pricing

      Clemson Land Parcels Available

      Two outparcels available in Clemson, South Carolina.
      608 Issaqueena Trl, Clemson, SC 29631
      View Details
    • $499,000

      Medical Office Site Opportunity

      Prime location near Clemson University in Patrick Square.
      Chapman Hl Rd, Clemson, SC 29631
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    • $120,000
      Pending

      Clemson Land Near University

      Rare wooded lot near Clemson University, ideal for investment.
      103 Jenkins Pl, Clemson, SC 29631
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      Townhome Near Clemson Campus

      Townhome near Clemson, private bedrooms, CATbus route, available August 2025.
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      Prime Retail Space, Pickens County

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      44,128 SF

      Clemson Retail Space: 15,214 SF Available

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      1,401 SF

      Retail/Restaurant Space Near Clemson University

      Retail/restaurant spaces available in mixed-use student housing project.
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      1,233 SF

      Retail Space Near Clemson University

      Publix-anchored retail space with high visibility near Clemson University.
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      3,500 SF

      Retail/Restaurant Space Near Clemson University

      Retail/restaurant space with dedicated parking and lake access.
      894 Tiger Blvd, Clemson, SC 29631
      View Details
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    629 Old Greenville Hwy
    Clemson, SC 29631
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    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
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