Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gaffney Commercial Land For Sale Title is generated by Realmo AI

    Chesnee Hwy lot 2, Gaffney, SC 29341

    View on Map
    Claim this Listing
    For Sale
    $250,000

    COMMERCIAL - Gaffney, SC

    Lot size:
    2.12 Acres
    Added:
    Oct 21, 2022
    Days on Market:
    1311
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for Chesnee Hwy lot 2

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    061-00-00-011.010
    Lot size
    2.12 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    John Wall, BIC
    John Wall, BIC

    Listing agent John Wall, BIC License #29986

    Listing office JOHN WALL & ASSOCIATES 207 W. MEADOW ST., Gaffney, SC

    Listing date Oct 21, 2022

    MLS# 31060 Listing URL

    Copyright © 2026 Cherokee County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial property location
    • Situated on Scenic Hwy 11
    • Cleared and mostly level land
    • Ideal location for a new business
    • Electricity available
    • Water available (tap needed)

    Overview

    This commercial property is located on Chesnee Hwy in Gaffney, SC. The property consists of 2.12 acres of land. The tract is cleared and mostly level. Electric and water are available, with a tap needed. The property is situated across from the Blakley Funeral Home on Scenic Hwy 11, making it an ideal location for a new business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.67627
    Latitude
    35.100613

    Nearby Similar for Sale

    • $210,000
      8,400 SF

      Downtown Gaffney Mixed-Use Opportunity

      8400 SF mixed-use property in Gaffney's Historical District.
      314,316,318 N Limestone Street, Gaffney, SC 29340
      View Details
    • $630,000

      Gaffney Commercial Development Opportunity

      Commercial land for sale off Interstate 85 in Gaffney, SC.
      Macedonia Road lot: 2A & 2B, Gaffney, SC 29341
      View Details
    • $830,000

      Prime Commercial Land I-85 Gaffney

      Exceptional commercial development opportunity off I-85 in Gaffney, South Carolina.
      Macedonia Road lot: 1, Gaffney, SC 29341
      View Details
    • $279,000

      Gaffney Commercial Land For Sale

      Prime commercial land with utilities available in Gaffney, SC.
      530 W Frederick Street, Gaffney, SC 29341
      View Details
    • $279,000

      Gaffney Commercial Site For Sale

      Prime commercial location near Floyd Baker Blvd and I-85.
      530,526,524 W Frederick Street, Gaffney, SC 29341
      View Details
    • $4,000,000

      Gaffney Commercial Land Opportunity

      Prime 11-acre commercial land in high-demand Gaffney location.
      W Buford Street, Gaffney, SC 29341
      View Details
    • $830,000

      Gaffney Commercial Land I-85 Visibility

      Prime commercial land with high visibility off I-85 in Gaffney.
      Lot 1 Macedonia Road, Gaffney, SC 29341
      View Details
    • $347,000

      Commercial Building in Gaffney, SC

      Rezoned commercial property suitable for various business ventures.
      111 W Rutledge Avenue, Gaffney, SC 29340
      View Details
    • $630,000

      Gaffney Commercial Land Opportunity

      Prime commercial land with high visibility and development potential.
      Lots 2A & 2B Macedonia Road, Gaffney, SC 29341
      View Details
    • $8,000,000

      Prime Commercial Land Opportunity

      22-acre commercial land in established retail corridor.
      W Floyd Baker Boulevard, Gaffney, SC 29341
      View Details
    • $1,640,000

      Gaffney Commercial Development Opportunity

      Prime commercial land off I-85 in Gaffney, South Carolina.
      134 Macedonia Road, Gaffney, SC 29341
      View Details
    • $599,900

      Gaffney Acreage with Road Frontage

      71.34+/- acres near I-85 with road frontage.
      Goucher Green Bethel Road, Gaffney, SC 29340
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial property on Scenic Hwy 11 in Gaffney.
    Where is this commercial land located?
    The property is located at Chesnee Hwy lot 2 Gaffney, SC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime commercial property location; Situated on Scenic Hwy 11; Cleared and mostly level land
    (864) 839-7039
    We can help!
    Listing Contact
    John Wall, BIC
    John Wall, BIC
    Real Estate License ID: 29986
    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

    Thank You for Inquiry
    Chesnee Hwy lot: 2, Gaffney, SC 29341
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!