Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    546 By-Pass 72 Greenwood, SC 29649
    Property profile & analytics

    546 By-Pass 72, Greenwood, SC 29649

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

    Current Use by Public Records

    • Land

    Property Details for 546 By-Pass 72

    Lot size
    5.19 lot acres
    Property type
    Land

    Description

    This exceptional 5.192-acre commercial land parcel, located at 546 By-pass 72 NW in Greenwood, South Carolina (zip code 29649), presents a unique development opportunity. The property boasts a substantial 226,164 square feet of land and is zoned C2 General Commercial, offering considerable flexibility for various commercial ventures. Its strategic location is a key advantage, situated within a thriving shopping center anchored by a high-performing Walmart Supercenter, ensuring high visibility and significant foot traffic. The property's APN is 6836-868-527. This prime location offers excellent access to major roadways and a strong customer base, making it an ideal site for a wide range of commercial developments. The single-tenancy nature of the land provides developers with complete control and design freedom. Investors and developers will appreciate the potential for significant return on investment due to the property's size, zoning, and proximity to a major retail anchor. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location with strong growth potential. 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
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1952
    Latitude
    34.2056

    Comparable in this City

    • Value Estimation by Request
      636.55 Acres

      3000 Old Laurens Rd

      Land
      3000 Old Laurens Rd, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      48.34 Acres

      615 Old Abbeville Hwy

      Land
      615 Old Abbeville Hwy, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      1.34 Acres

      1350 Highway 72

      Land
      1350 Highway 72, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      0.97 Acres

      482 By-Pass 72

      Land
      482 By-Pass 72, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      116.30 Acres

      308 Puckett Ferry Rd

      Land
      308 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      5.19 Acres

      546 By-Pass 72

      Land
      546 By-Pass 72, Greenwood, SC 29649
      View Details

    Similar Nearby for Sale

    • $389,000
      30.10 Acres

      30 Acres Wooded Land Greenwood

      30 acres of wooded privacy near Roman Acres Subdivision.
      30.1 Acres N Acres Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Land on Montague Avenue Extension

      Land available on Montague Avenue Extension with high traffic volume.
      2046 Montague Avenue Ext, Greenwood, SC 29649
      View Details
    • Contact for pricing
      4,320 SF

      Retail Building on Crosscreek Connector

      Retail building on one acre with expansion potential.
      167 Crosscreek Connector, Greenwood, SC 29649
      View Details
    • $344,080
      43.01 Acres

      Greenwood SC Land For Sale

      43.01 acre tract ready for residential or agricultural use.
      Highway 178 S, Greenwood, SC 29649
      View Details
    • $75,000

      Greenwood, SC Land For Sale

      Residential land available in Greenwood, South Carolina.
      Devon Park Dr, Greenwood, SC 29649
      View Details
    • Contact for pricing
      0.87 Acres

      Greenwood Land For Sale

      Land available with city utilities, suitable for manufactured homes.
      104 Saluca Ct, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,870 SF

      Greenwood Specialty Property for Rent

      59,870 SF specialty property available for rent in Greenwood.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Piedmont Plaza

      Retail space available in a busy shopping center.
      1306-1360 Bypass 72 NE, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Retail Space in Greenwood, SC

      Retail space available in a high-traffic shopping center.
      3353 Highway 72 221 E, Greenwood, SC 29649
      View Details
    • Contact for pricing
      122,610 SF

      Greenwood Warehouse Space Available

      122,610 SF warehouse space for lease in Greenwood, SC.
      201 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space on High-Traffic Corner

      Retail space available in Greenwood, SC with high visibility.
      222-254 Bypass 72 NW, Greenwood, SC 29649
      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.
    546 By-Pass 72
    Greenwood, SC 29649
    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
    546 By-Pass 72, Greenwood, SC, 29649
    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!