Sign Up Successful!
You now have access to more from Realmo!
    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

    Hembree Rd Anderson, SC 29625

    Sponsored
    For Sale
    $4,635,000

    61.8 Acres, Sewer Available, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 61.8-acre commercial land parcel presents a unique investment opportunity in Anderson, South Carolina. Ideally situated in Anderson County, zip code 29625, this property boasts significant street frontage, offering approximately 2,400 feet along Hembree Road, 1,000 feet along Camson Road, and 950 feet along Overbrook Drive. The availability of on-site sewer significantly enhances the development potential, making it particularly suitable for multifamily projects. Its strategic location less than one mile from Clemson Boulevard, Anderson's primary retail corridor, ensures convenient access to shopping and established amenities. The substantial size and prime location of this land tract make it an attractive proposition for developers seeking a large-scale project in a thriving area. The property's address is Hembree Rd, Anderson, SC. This offering presents a rare chance to acquire a sizable, well-situated commercial land parcel with readily available infrastructure. The asking price for this significant land holding is $4,635,000.

    Property Features for 0 Hembree Rd

    General Information

    Property type
    Land
    Lot Size
    2,692,008 SF

    We can help!

    Listing Contact
    John Wright, Jr.
    John Wright, Jr.

    Learn more

    HighLights

    • Less than one mile to Clemson Blvd.
    • Large parcel with sewer availability.
    • Significant street frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6862617
    Latitude
    34.5445529

    Nearby Similar for Sale

    • $309,900
      2,400 SF

      Well-Maintained Four-Unit Investment Property

      Four-unit property with recent updates, ideal for immediate rental income.
      606 Highway 29 Byp, Anderson, SC 29621
      View Details
    • $750,000
      0.48 Acres

      Versatile Mixed-Use Commercial Property

      Over 5,000 sq ft commercial property with residential area.
      4327 Old Mill Rd, Anderson, SC 29623
      View Details
    • $424,900
      0.21 Acres

      Quadplex in Anderson, SC

      Residential income property for sale in Anderson, South Carolina.
      112 Tabitha Ct, Anderson, SC 29625
      View Details
    • $325,000
      2,160 SF

      Remodeled Duplex in Anderson, SC

      Newly remodeled duplex ideal for investors or house hacking.
      908 Linley St, Anderson, SC 29625
      View Details
    • $195,000

      Move-In Ready Office Suite

      Professional office suite in excellent condition near hospital.
      400 N Fant St, Anderson, SC 29621
      View Details
    • $249,900
      0.32 Acres

      Versatile Property in Historic District

      Residential/commercial property in downtown Anderson, offering charm and convenience.
      413 W Market St, Anderson, SC 29624
      View Details
    • $575,000
      0.64 Acres

      Versatile Building Near Downtown Anderson

      9,340 SF building ideal for automotive or retail business.
      904 N Main St, Anderson, SC 29621
      View Details
    • $735,000
      0.88 Acres

      Versatile Commercial Space, Anderson SC

      Expansive commercial property with high visibility and traffic.
      405 Pearman Dairy Rd, Anderson, SC 29625
      View Details
    • $219,000
      0.55 Acres

      Investment Property with Business Potential

      Retail property with high traffic, new roof and HVAC.
      1896 Whitehall Rd, Anderson, SC 29625
      View Details
    • $215,000

      Duplex in Anderson, SC

      Duplex located in Anderson, South Carolina for sale.
      1808 Edgewood Ave, Anderson, SC 29625
      View Details
    • New
      $849,000
      Pending

      Pearman Dairy Road Investment Opportunity

      9,500 sq ft building on busy Pearman Dairy Road.
      516 Pearman Dairy Rd, Anderson, SC 29625
      View Details
    • New
      $485,000
      4,290 SF

      Anderson Automotive Garage with Living Space

      Automotive garage with living space in thriving Anderson, South Carolina.
      609 Fair St, Anderson, SC 29625
      View Details

    FAQs

    What type of property is this?
    Land - 61.8 Acres, Sewer Available, Prime Location
    Where is this land located?
    The property is located at Hembree Rd Anderson, SC.
    What is the asking price?
    The asking price for this property is $4,635,000.
    What are key features of this property?
    This property features: Less than one mile to Clemson Blvd.; Large parcel with sewer availability.; Significant street frontage.
    Request Owner's contact information
    Hembree Rd Anderson, SC 29625
    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.
    Hembree Rd
    Anderson, SC 29625
    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
    Hembree Rd Anderson, SC 29625
    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!
    Listing Contact
    John Wright, Jr.
    John Wright, Jr.
    Real Estate License ID: SC 31893
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.