Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    3724 Us-378 Leesville, SC 29070

    • Land
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3724 Us-378

    Lot size
    2.50 lot acres
    Property type
    Land

    Description

    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in the thriving Leesville, South Carolina market. Strategically located on Highway 378, this property enjoys high visibility and convenient access, situated between established businesses, Captains Choice Marina Boat Sales and Enmarket. The parcel is identified by APN 003000-02-040 and is zoned for Intensive Development (ID) by Lexington County. This versatile zoning designation allows for a wide range of commercial uses, providing flexibility for diverse development plans. The expansive lot size offers ample space for various commercial ventures, from retail establishments and restaurants to office buildings and light industrial facilities. The asking price for this prime commercial land is $150,000. Its location on a major highway ensures significant exposure to a substantial volume of daily traffic, making it an ideal location for businesses seeking high visibility and accessibility. This property represents a compelling investment opportunity for those seeking to capitalize on the growth potential of the Leesville area. The property's address is 3724 Highway 378, Leesville, SC 29070, within Lexington County. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leesville
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.4626
    Latitude
    34.0251

    Comparable in this City

    • Value Estimation by Request
      20.00 Acres

      Whiskey Rd

      Land • 20.00 Acres
      0 Whiskey Rd, Leesville, SC 29070
      View Details
    • Value Estimation by Request

      Devils Backbone Rd

      Land
      0 Devils Backbone Rd, Batesburg-Leesville, SC 29070
      View Details
    • Value Estimation by Request
      5.00 Acres

      Red Star Rd

      Land • 5.00 Acres
      0 Red Star Rd, Batesburg-Leesville, SC 29070
      View Details
    • Value Estimation by Request
      26.00 Acres

      Ivy Link Rd

      Land • 26.00 Acres
      0 Ivy Link Rd, Batesburg-Leesville, SC 29070
      View Details
    • Value Estimation by Request
      1 SF

      370 Columbia Ave

      Commercial real estate • 1 SF
      370 Columbia Ave, Leesville, SC 29070
      View Details
    • Value Estimation by Request
      3,142 SF

      143 Church St

      COMMERCIAL (GENERAL) • 3,142 SF
      143 Church St, Leesville, SC 29070-7595
      View Details

    Similar Nearby for Sale

    • $238,500
      28.68 Acres

      Leesville Acreage with Diverse Landscape

      28.68 acres in Lexington County, minutes from Interstate 20.
      1672 Dixired Rd, Leesville, SC 29070
      View Details
    • New
      $46,000
      1.80 Acres

      Leesville Acreage: Unrestricted Land

      1.8 acres of unrestricted land in Saluda County, South Carolina.
      J Farm Trl, Leesville, SC 29070
      View Details
    • $50,000
      1.25 Acres

      Leesville Acreage Available For Sale

      Available lots ranging from 0.72 to 2.60 acres in Leesville.
      3 Caughman Acres Phase 2, Leesville, SC 29070
      View Details
    • $60,000
      2.23 Acres

      Leesville Acreage for Sale

      Available lots ranging from 0.72 to 2.6 acres.
      6 Caughman Acres Phase 2, Leesville, SC 29070
      View Details
    • $37,500
      0.89 Acres

      Leesville Acreage For Sale

      Available lots ranging from 0.72 to 2.60 acres.
      1 Caughman Acres Phase 2, Leesville, SC 29070
      View Details
    • $70,000
      2.60 Acres

      Leesville Acreage Available For Sale

      Multiple lots available, ranging from 0.72 to 2.60 acres.
      5 Caughman Acres Phase 2, Leesville, SC 29070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Land in Prime Location

      Land for retail users in Batesburg-Leesville's main retail area.
      111 W Church St, Batesburg, SC 29070
      View Details
    • Contact for pricing

      2.8 AC Land For Lease

      2.8 AC land for lease on Historic Saluda Traffic Circle.
      3287 Columbia Hwy, Leesville, SC 29070
      View Details
    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.
    3724 Us-378
    Leesville, SC 29070
    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!