Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    34 11.82 Acres - Hwy Ridgeway, SC 29130
    Back to Search
    Property profile & analytics

    34 11.82 Acres - Hwy, Ridgeway, SC 29130

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

    Current Use by Public Records

    • Land

    Property Details for 34 11.82 Acres - Hwy

    Lot size
    11.82 lot acres
    Property type
    Land

    Description

    This exceptional 11.82-acre commercial land parcel is strategically located on the northeast quadrant of Highway 34's Exit 34 interchange in Ridgeway, South Carolina, zip code 29130. Boasting a highly desirable B-2 (General Business District) zoning, this property offers a wide array of development possibilities for various commercial ventures. Highway 34 serves as the primary corridor to Ridgeway and Winnsboro, ensuring high visibility and accessibility. 2022 traffic counts estimate 47,500 vehicles daily passing this location, providing excellent exposure for any business. The property's central South Carolina location offers logistical advantages, with convenient access to I-77, facilitating statewide and beyond distribution networks. The area features existing manufacturing facilities and industrial parks, further enhancing its appeal. The proximity to the future I-77 International Mega Site, a large-scale OEM facility projected to create thousands of jobs, presents significant long-term growth potential. This corner lot offers unparalleled visibility, especially for northbound traffic, and promises exceptional returns on investment. The asking price is $2,955,000, with a land value of $250,000 per acre. This is a rare opportunity to acquire a prime commercial property in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeway
    County
    Ridgeway
    State
    South Carolina
    Longitude
    -80.9982
    Latitude
    34.3089

    Comparable in this City

    • Value Estimation by Request
      20.38 Acres

      1098 State Rd

      Land
      1098 State Rd, Ridgeway, SC 29130
      View Details
    • Value Estimation by Request
      11.82 Acres

      142 Singing Pines Ln

      Land
      142 Singing Pines Ln, Ridgeway, SC 29130
      View Details
    • Value Estimation by Request
      68.40 Acres

      Sc-34

      Land
      0 Sc-34, Ridgeway, SC 29130
      View Details
    • Value Estimation by Request
      30.12 Acres

      Peach Rd

      Land
      0 Peach Rd, Ridgeway, SC 29130
      View Details
    • Value Estimation by Request
      30.12 Acres

      Peach Rd

      Investment properties
      0 Peach Rd, Ridgeway, SC 29130
      View Details
    • Value Estimation by Request
      66.00 Acres

      State Rd

      Land
      0 State Rd, Ridgeway, SC 29130
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Multiple Access Points

      Land with road access, timber, and development potential.
      489 Syrup Mill Rd, Ridgeway, SC 29130
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Ridgeway, South Carolina.
      State Rd S-20-233, Ridgeway, SC 29130
      View Details
    • $850,000
      90.00 Acres

      90 Acres in Ridgeway, SC

      90-acre tract ideal for a family homestead near Columbia/Charlotte.
      Us Highway 21, Ridgeway, SC 29130
      View Details
    • $69,900
      2.00 Acres

      Lake Wateree Vacant Lot

      Two-acre vacant lot in gated Lake Wateree community.
      5 Retreat Way, Ridgeway, SC 29130
      View Details
    • $825,000
      52.66 Acres

      Prime Industrial Land I-77 Frontage

      52.66 acres with I-77 visibility and industrial zoning.
      637 Cook Rd, Ridgeway, SC 29130
      View Details
    • $65,000
      2.00 Acres

      Two Acre Building Lot

      Two-acre building lot in Lake Wateree gated community.
      2 Retreat Way, Ridgeway, SC 29130
      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.
    34 11.82 Acres - Hwy
    Ridgeway, SC 29130
    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
    34 11.82 Acres - Hwy, Ridgeway, SC, 29130
    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!