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

    107 Country Creek Dr Pickens, SC 29671

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7.23 acres with 8,000 SF commercial space.

    Type:Business for Sale, Hospitality, Land, Retail
    Property size:
    8,000 SF
    Lot size:
    7.23 Acres
    Added:
    Oct 29, 2024
    Days on Market:
    531
    Last Refresh:
    Mar 19 at 8:56 pm

    Property Features for 107 Country Creek Dr

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    7.23 Acres
    Property subtype
    Business for Sale, Hospitality, Land, Retail

    We can help!

    Listing Contact
    Stephan Thomas

    Listing agent Stephan Thomas License #SC 137332

    Listing office SVN Palmetto

    Listing date Oct 29, 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 SVN Palmetto

    Overview

    Highway 11 Commercial Property

    Located on Highway 11, this property encompasses approximately 7.23 acres and features an estimated 8,000 square feet of commercial space. Currently operating as Aunt Sue’s Country Corner, the site houses multiple businesses, including a restaurant, ice cream shop, pizza parlor, general store, and boutique shops. The property is situated near Table Rock State Park and other regional attractions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aunt Sue's Country ... Restaurant Manna One Llc Rehabilitation Center Black Bear Den ... Cafe & Coffee Shop Cool Creek Sweets Bakery The Lighthouse Home Decor Store

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Storage Facility Cafe & Coffee Shop Bakery Bed & Breakfast Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pickens
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.6704087
    Latitude
    35.0390127

    Nearby Similar for Sale

    • $350,000

      Unique Office Building Near Courthouse

      Commercial office building with two units and distinctive architectural features.
      113 Court Street, Pickens, SC 29671
      View Details
    • $570,000

      Prime Acreage in Pickens, SC

      Acreage in a rapidly growing area of Pickens County.
      106 Roberts Drive, Pickens, SC 29671
      View Details
    • $1,200,000

      Prime Land in Pickens, SC

      3.24 acres in a rapidly growing area with development potential.
      2663 Gentry Memorial Highway, Pickens, SC 29671
      View Details
    • $619,000

      54 Acres Recreational Land, Pickens

      54-acre recreational property near Appalachian Mountains, Pickens, SC.
      0A Meece Mill Rd, Pickens, SC 29671
      View Details
    • $112,500

      7.11 Acres of Vacant Land

      Private 7.11-acre tract with mountain view potential in Pickens, SC.
      0 Old Chapman Trail Lot A, Pickens, SC 29671
      View Details
    • $29,000

      Wooded Lot with Mountain Views

      Residential lot in Pickens, SC with mountain views.
      Belvoir Drive, Pickens, SC 29671
      View Details
    • $65,000

      Homesite with Mountain Views

      2.99-acre lot near Lake Keowee with community clubhouse.
      207 Sawyer Lane, Pickens, SC 29671
      View Details
    • $488,800

      Pickens Acreage with Table Rock Views

      19.95 acres with views of Table Rock.
      0 Pumpkintown Hwy 8, Pickens, SC 29671
      View Details
    • $210,000

      8 Acres in Pickens, SC

      8+ acre homesite near Blue Ridge Mountains and local amenities.
      163 Red Hill Road, Pickens, SC 29671
      View Details
    • $15,000

      Residential Lot in Golf Course

      Building lot in The Rock at Jocassee golf course.
      Lone Rock Court, Pickens, SC 29671
      View Details
    • $20,000

      Residential Lot in Golf Community

      Residential lot in The Rock at Jocassee golf community.
      116 Fireside Lane, Pickens, SC 29671
      View Details
    • $152,000

      Land in Upstate Foothills

      Acreage in tranquil setting with natural water features.
      142 Stone Valley Circle, Pickens, SC 29671
      View Details

    FAQs

    What type of property is this?
    Storefront property - 7.23 acres with 8,000 SF commercial space.
    Where is this storefront property located?
    The property is located at 107 Country Creek Dr Pickens, SC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: ±7.23 acre property on scenic Highway 11.; **±8,000 SF commercial space** currently operating as Aunt Sue’s Country Corner.; Includes multiple businesses: restaurant, ice cream shop, pizza parlor, general store, and boutique shops.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stephan Thomas
    Real Estate License ID: SC 137332
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!