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    Richburg Land For Sale Title is generated by Realmo AI

    Lancaster Highway, Richburg, SC 29729

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    Claim this Listing
    For Sale
    $772,000

    LAND - Richburg, SC

    Lot size:
    19.30 Acres
    Added:
    Sep 16, 2024
    Days on Market:
    617
    Last Refresh:
    May 25 at 1:06 pm

    Property Features for Lancaster Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1250000013000, 2040101036000
    Lot size
    19.30 Acres

    Taxes and HOA fees

    Tax Description
    19.3 Acres of land

    We can help!

    Listing Contact
    Vasili Kakavitsas
    Vasili Kakavitsas

    Listing agent Vasili Kakavitsas License #122685

    Listing office Coldwell Banker Realty 115 East Park Ave, Ste E, Charlotte, SC

    Listing date Sep 16, 2024

    MLS# 4183988 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 19.3 acres of land on Lancaster Highway in Richburg, SC.
    • Located along I‑77, between Charlotte, NC, and Columbia, SC.
    • Close to 11 acres are developable.
    • Zoned for residential and commercial/industrial uses (R‑2, Limited Commercial, Community Commercial, and Community Industrial).
    • Sewer access available through a new line planned for late 2026 with a pump station, and additional capacity planned for late 2028.
    • Next to Colonels Pointe Pky Industrial Park.

    Overview

    This 19.3-acre land parcel is available for sale on Lancaster Highway in Richburg, South Carolina. The property is located along I-77, between Charlotte, North Carolina, and Columbia, South Carolina, and is near Lancaster Middle and Elementary Schools. The location experiences a vehicle traffic volume ranging from 11,000 to 41,000 vehicles per day. Approximately 11 acres are developable, situated next to Colonels Pointe Pky Industrial Park. The back parcel is zoned R-2 under Chester County for residential and other uses. The front parcel falls into the Town of Richburg and is zoned-Limited Commercial, Community Commercial, and Community Industrial. A developable limits plan is available. Rezoning for commercial use, if needed, is estimated to take a few months. Current Chester County Sewer availability is 20,000-40,000 gallons per day, however the property will have access through a new line planned for late 2026 and with a pump station. Additionally, a new sewer line project from Rock Hill is planned for late 2028, which will add hundreds of thousands of new sewer capacity. Sewer services are provided by Chester County Wastewater Recovery, and water services are provided by Chester Metropolitan District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Richburg
    County
    Chester
    State
    South Carolina
    Longitude
    -81.013029
    Latitude
    34.721681

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    FAQs

    What type of property is this?
    Commercial land - 19.3 acres of land on Lancaster Highway.
    Where is this commercial land located?
    The property is located at Lancaster Highway Richburg, SC.
    What is the asking price?
    The asking price for this property is $772,000.
    What are key features of this property?
    This property features: 19.3 acres of land on Lancaster Highway in Richburg, SC.; Located along I‑77, between Charlotte, NC, and Columbia, SC.; Close to 11 acres are developable.
    (704) 649-0440
    We can help!
    Listing Contact
    Vasili Kakavitsas
    Vasili Kakavitsas
    Real Estate License ID: 122685
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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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