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    Property profile & analytics

    602/604 Hampton St Kershaw, SC 29067

    • Commercial real estate
    • 1.10 lot acres
    For Sale
    View listing
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 602/604 Hampton St

    Year built
    1958
    Lot size
    1.10 lot acres
    Property type
    Commercial real estate

    Description

    Two prime commercial corner lots totaling 1.1 acres are available for sale in the heart of Kershaw, South Carolina. This exceptional opportunity presents itself as two contiguous parcels located directly across from a Walgreens, ensuring high visibility and convenient access for any business. The property boasts a highly desirable location, offering excellent exposure to significant daily traffic. The lots are flat and cleared, eliminating the need for extensive site preparation, thus saving time and money on development costs. All necessary utilities are readily available, including water and sewer connections, simplifying the construction process and reducing upfront expenses. This turnkey location is perfect for a wide range of commercial ventures, from retail establishments and restaurants to professional offices and service businesses. The asking price of $250,000 represents a compelling investment opportunity in a thriving community. The strategic location and readily available infrastructure make this property an ideal choice for entrepreneurs and investors seeking a prime location to establish their business. Don't miss this chance to secure a prominent position in the Kershaw commercial landscape. Act quickly, as properties like this are rarely available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kershaw
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.5537
    Latitude
    34.5485

    Comparable in this City

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      5.00 Acres

      7595 Flat Creek Rd

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      5.74 Acres

      8901 Kershaw Camden Hwy

      COMMERCIAL (GENERAL) • 5.74 Acres
      8901 Kershaw Camden Hwy, Kershaw, SC 29067-7824
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      2.60 Acres

      265 903rd Int

      COMMERCIAL (GENERAL) • 2.60 Acres
      265 903rd Int, Kershaw, SC 29067
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      110.00 Acres

      Matson

      COMMERCIAL (GENERAL) • 110.00 Acres
      Matson, Kershaw, SC 29067
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      83.00 Acres

      Commerce Aly

      COMMERCIAL (GENERAL) • 83.00 Acres
      Commerce Aly, Kershaw, SC 29067
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    • Value Estimation by Request
      1,200 SF

      Marion St

      COMMERCIAL (GENERAL) • 1,200 SF
      Marion St, Kershaw, SC 29067
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    Similar Nearby for Sale

    • $199,000
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      Kershaw Commercial Property - 5 Acres

      High-traffic location, two buildings, development potential.
      7595 Flat Creek Rd, Kershaw, SC 29067
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    • $250,000
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      Kershaw Commercial Corner Lots

      Prime Kershaw location, ready to build!
      602/604 Hampton St, Kershaw, SC 29067
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    • $275,000

      30 Acres in Kershaw, SC

      30 acres of land suitable for recreation, farming, or residential.
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    • $80,000
      5.56 Acres

      Kershaw Land Ready to Build

      5.56 acres of cleared land ready for your dream home.
      Oak Ridge Church Rd, Kershaw, SC 29067
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    • $34,900
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      Land in Kershaw, South Carolina

      Mostly wooded parcel suitable for various rural activities.
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    • $88,900
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      Kershaw County Land Opportunity

      Large lots suitable for building, homesteading, hunting, and livestock.
      9 Payne Pond Rd, Kershaw, SC 29067
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    602/604 Hampton St
    Kershaw, SC 29067
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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.

    More about this property
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