Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    110 Propes Dr Piedmont, SC 29673

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    110 Propes Dr Piedmont, SC 29673

    View on Map
    • Land
    • 11.27 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 110 Propes Dr

    Lot size
    11.27 lot acres
    Property type
    Land

    Description

    This exceptional 11.27-acre commercial land parcel presents a unique investment opportunity in Piedmont, South Carolina. Strategically located at 110 Propes Drive, this property boasts convenient access to major transportation arteries, sitting less than a mile from Interstate 85 and Highway 153. Its proximity to Downtown Greenville (approximately 8 miles) places it within the vibrant Greenville area, experiencing significant recent growth and attracting national attention. The site's potential is further enhanced by its location amidst several existing and planned residential and industrial developments, including Enterprise85, Augusta Grove, and Meridian. The property currently includes a house, which may hold additional value depending on the intended use. Existing septic infrastructure is in place, with the possibility of future sewer connection through ReWa. This prime acreage offers exceptional potential for a wide range of commercial ventures, capitalizing on the area's robust growth trajectory and strategic location. The land is priced at $40,000 per acre, presenting a compelling investment opportunity in a rapidly developing market. Detailed site plans and further information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Piedmont
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.4674
    Latitude
    34.7832

    Comparable in this City

    • Value Estimation by Request
      32.65 Acres

      122 Lacannon Rd

      Land • 72,000 SF
      122 Lacannon Rd, Piedmont, SC 29673
      View Details
    • Value Estimation by Request
      1.18 Acres

      1750 Carolina 86

      Land • 1.18 Acres
      1750 Carolina 86, Piedmont, SC 29673
      View Details
    • Value Estimation by Request
      1.62 Acres

      2085 Highway 86

      Land • 1.62 Acres
      2085 Highway 86, Piedmont, SC 29673
      View Details
    • Value Estimation by Request
      2.70 Acres

      Augusta Rd

      Land • 2.70 Acres
      0 Augusta Rd, Piedmont, SC 29673
      View Details
    • Value Estimation by Request
      1.98 Acres

      25 At Sandy Spg Rd

      Land • 1.98 Acres
      25 At Sandy Spg Rd, Piedmont, SC 29673
      View Details
    • Value Estimation by Request
      3.83 Acres

      Npa Hwy 29

      Land • 3.83 Acres
      0 Npa Hwy 29, Piedmont, SC 29673
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Unzoned Land For Sale

      Unzoned land with water and sewer access in Piedmont, SC.
      7866 Augusta Rd, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Land with River Road Frontage

      Level land with utilities and extensive road frontage.
      100A Business Pkwy, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Piedmont Highway Land For Sale

      Land available on Piedmont Highway in Piedmont, South Carolina.
      Piedmont Hwy, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Piedmont Land with Utilities

      0.5 acre land parcel with utilities and roll-up doors.
      40 Old Augusta Rd, Piedmont, SC 29673
      View Details
    • $10,000,000

      Exceptional Land Tract in Greenville

      45+ acre tract in growing area with existing home.
      100 Gunter Rd, Piedmont, SC 29673
      View Details
    • Contact for pricing
      2,250 SF

      Piedmont Office Space - Hwy 153

      New Construction Office: 2250 sq ft
      202 Wall St, Piedmont, SC 29673
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Piedmont SC Land For Lease

      1.34 acre land parcel for lease, 20 minutes from Greenville.
      11044 Anderson Rd, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Prime Commercial Site For Lease

      5.97 AC commercial site for lease in Piedmont, SC.
      7334 Augusta Rd, Piedmont, SC 29673
      View Details
    • $6,000 /Mo

      Warehouse on 1.99 Acres

      Commercial property with warehouse, ideal for various business operations.
      2234 Fork Shoals Rd, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Land on Highway 153

      Land ideal for service use on Hwy 153.
      2615 Highway 153, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Prime Retail Land For Lease

      1.08 AC build-to-suit or ground lease opportunity.
      7415 Augusta Rd, Piedmont, SC 29673
      View Details
    • Contact for pricing

      Piedmont Office Unit For Rent

      Office unit for rent with highway and interstate access.
      104 Commons Blvd, Piedmont, SC 29673
      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.
    110 Propes Dr
    Piedmont, SC 29673
    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!