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    201 Applewood Center Pl Seneca, SC 29678

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    For Lease
    Contact for pricing

    High-traffic retail center near Clemson University

    Lot size:
    244,693 SF

    Property Features for 201 Applewood Center Pl

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    244,693 SF

    Spaces For Lease

    at 201 Applewood Center Pl, Seneca, SC 29678 Contact us

    We can help!

    Listing Contact
    Eric Howell

    Listing Agent: Eric Howell

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

    Learn more

    Property Insight Report

    Overview

    Applewood Shopping Center presents a prime retail investment opportunity. This multi-tenant shopping center boasts a total of 244,693 square feet, with 22,100 square feet currently vacant. The property offers flexible space options, accommodating tenants requiring anywhere from 1,000 to a maximum contiguous 16,000 square feet. Its strategic location directly across the street from the 169-bed Oconee Medical Center (part of the Greenville Health System) ensures high visibility and a substantial customer base. Furthermore, its proximity to Clemson University (less than 10 miles away) provides access to a large student population and associated community. The center benefits from exceptional traffic counts, with 18,100 vehicles passing daily on US-76/Sandifer Boulevard, just west of the property. This combination of medical, educational, and high-traffic location makes Applewood Shopping Center an attractive prospect for a variety of retail businesses, restaurants, offices, or salons. The available spaces offer a unique chance to establish a presence in a thriving and well-connected community. The property's size and layout provide ample opportunity for expansion or customization to suit individual tenant needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hobby Lobby (Bike/Boat/Book/etc) Store Sears Appliance Repair Home Appliance Store Kmart Home Decor Store

    Suggested Use

    Real Estate Agency Restaurant 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
    -82.9876844
    Latitude
    34.6905332

    Nearby Similar for Lease

    • New
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      Office Space Near Clemson

      Two-level office building suitable for various businesses, near Clemson.
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    • New
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      Office Space in Seneca, SC

      Commercial office space available for lease in Seneca, South Carolina.
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    • New
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      Seneca Office Space For Lease

      Two-level office building suitable for various businesses, near Clemson.
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      Seneca Office/Retail Space Available

      Office and retail spaces for lease in Seneca, South Carolina.
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      Seneca Office Space For Rent

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      Retail Opportunity Near Walmart

      Retail space available for lease, GL, or build-to-suit.
      1637 Sandifer Blvd, Seneca, SC 29678
      View Details
    • $21 SF/Yr
      43,000 SF

      Retail Space Near Clemson University

      End-cap retail space with drive-thru potential near Clemson University.
      1085 Old Clemson Hwy, Seneca, SC 29672
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      Retail Opportunity Near Walmart

      Retail space available for lease near Walmart and hospital.
      Seneca, SC 29678
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      1,600 SF

      Retail Space Near Oconee Medical

      Retail space available near Oconee Medical Center and Clemson University.
      101 Applewood Center Pl, Seneca, SC 29678
      View Details
    • Contact for pricing
      16,000 SF

      Restaurant Space Near Oconee Medical

      1,600 SF 2nd Gen Restaurant Space Available For Rent.
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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center near Clemson University
    Where is this lifestyle center located?
    The property is located at 201 Applewood Center Pl Seneca, SC.
    What are key features of this property?
    This property features: High-visibility retail space directly across from the 169-bed Oconee Medical Center.; Less than 10 miles from Clemson University.; Exceptional daily traffic counts of 18,100 vehicles on US-76/Sandifer Blvd.
    Request Owner's contact information
    201 Applewood Center Pl Seneca, SC 29678
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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
    201 Applewood Center Pl Seneca, SC 29678
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    Eric Howell
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