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    Prime Commercial Land Opportunity Title is generated by Realmo AI

    US-25, North Augusta, SC 29841

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    362 acres of entitled commercial/mixed-use property available for sale.

    Type:Land
    Lot size:
    20.60 Acres
    Added:
    Nov 19, 2024
    Days on Market:
    563
    Last Refresh:
    May 12 at 8:23 pm

    Property Features for US-25

    General Information

    Standard status
    Active
    Lot size
    20.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Travis Reed, CCIM

    Listing agent Travis Reed, CCIM License #GA 302716

    Listing office Meybohm Commercial

    Listing date Nov 19, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Meybohm Commercial

    HighLights

    • 362 acres of entitled commercial/mixed‑use property at the I‑520 and I‑20 interchange.
    • Located within all 4 quadrants of an interstate interchange off I‑520.
    • Existing entitlements allow for light‑industrial, heavy commercial, retail, town center, and multi‑family uses.
    • National homebuilder partnered on the residential buildout of 970+ acres (over 3,000 homes).
    • Tract B: 20.6 acres entitled for industrial, retail, QSR, hospitality, healthcare, and travel center/convenience store.
    • Tract B includes gravity sewer access and borders the Palmetto Parkway Trail.

    Overview

    This is a unique opportunity to act as master-developer for a PUD at the intersection of I-520 and I-20 in North Augusta, within the city limits of North Augusta and in Aiken County, SC. A national homebuilder has partnered with the current owner on 970+ acres for the residential buildout, which will total over 3,000 homes once complete. The remaining 362 acres of entitled commercial/mixed-use property are available, including all 4 quadrants of an interstate interchange of I-520. The existing entitlements allow for a myriad of uses across the 362 acres, from light-industrial to heavy commercial, retail, town center, and some multi-family. To date, inquiries have been received from big-box retail developers, a charter school operator, industrial developers, and convenience/retail developers. Tract B consists of 20.6 acres in the Northwest quadrant of the I-520 intersection with access on the connector. The Palmetto Parkway Trail also borders this parcel. This parcel is entitled for industrial, retail, QSR, hospitality, healthcare, and travel center/convenience store. This site will have a lift station installed in the SE portion of the site providing the entirety of the parcel gravity sewer. The homebuilder is planning to develop up to nine distinct neighborhoods/enclaves within the development with prices ranging from high 200s to over $1 million.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.8963
    Latitude
    33.4766

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    FAQs

    What type of property is this?
    Commercial land - 362 acres of entitled commercial/mixed-use property available for sale.
    Where is this commercial land located?
    The property is located at US-25 North Augusta, SC.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: 362 acres of entitled commercial/mixed‑use property at the I‑520 and I‑20 interchange.; Located within all 4 quadrants of an interstate interchange off I‑520.; Existing entitlements allow for light‑industrial, heavy commercial, retail, town center, and multi‑family uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Travis Reed, CCIM
    Real Estate License ID: GA 302716
    Learn More
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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.

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