Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highway 101 Greer, SC 29651

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

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 101

    Lot size
    4.24 lot acres
    Property type
    Land

    Description

    This exceptional 4.24-acre commercial land parcel presents a unique investment opportunity in Greer, South Carolina. Located on Highway 101 S, this property boasts a highly desirable location with excellent visibility and accessibility. The land features a great level topography, simplifying development and construction. Its strategic position offers convenient access to major transportation arteries, including Highway 101, I-85, Highway 221, and Highway 290, ensuring seamless connectivity for businesses and commuters. The proximity to the new BMW development further enhances its appeal, capitalizing on the growth and economic activity in the area. High traffic counts of approximately 20,000 vehicles per day on Highway 101 underscore the significant potential for commercial development. This property is identified by Spartanburg County TMS# 4-02-00-003.04, providing clear identification for due diligence. The asking price for this prime commercial land is $1,000,000. Don't miss this chance to acquire a strategically located parcel in a thriving South Carolina market. The property is zoned for commercial use (verification required). This is an exceptional opportunity for investors seeking high-growth potential 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
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.1886
    Latitude
    34.903

    Comparable in this City

    • Value Estimation by Request

      1549 Gsp Dr

      Airport retail
      1549 Gsp Dr, Greer, SC 29651
      View Details
    • Value Estimation by Request

      592 Brockman Mcclimon Rd

      Land
      592 Brockman Mcclimon Rd, Greer, SC 29651
      View Details
    • Value Estimation by Request
      1.64 Acres

      12505 Wade Hampton Blvd

      Land • 1.64 Acres
      12505 Wade Hampton Blvd, Greer, SC 29651
      View Details
    • Value Estimation by Request
      1.80 Acres

      1551 Kist Rd

      Land • 1.80 Acres
      1551 Kist Rd, Greer, SC 29651
      View Details
    • Value Estimation by Request
      9.50 Acres

      3836 Pennington Rd

      Land • 9.50 Acres
      3836 Pennington Rd, Greer, SC 29651
      View Details
    • Value Estimation by Request
      24.42 Acres

      Lister Rd

      Land • 24.42 Acres
      0 Lister Rd, Greer, SC 29651
      View Details

    Similar Nearby for Sale

    • $1,770,000
      1.18 Acres

      Prime Greer Commercial Land

      1.18 Acres, High Visibility, Ready to Build
      12503 Wade Hampton Blvd, Greer, SC 29651
      View Details
    • $195,000
      2.11 Acres

      Prime Greer Commercial Land

      2.11 Acres, Zoned CG, $195,000
      0 Austin St, Greer, SC 29651
      View Details
    • $380,000
      2.57 Acres

      Greer Commercial Land: 2.57 Acres

      Prime Greer commercial lot, ideal for development.
      0 State Rd, Greer, SC 29651
      View Details
    • $1,850,000
      4.64 Acres

      Greer Commercial Land - Hwy 29

      4.64 Acres, Zoned CC, Prime Location
      13585 Wade Hampton Blvd, Greer, SC 29651
      View Details
    • $1,062,500
      8.50 Acres

      Greer Industrial Land - 8.5 Acres

      Prime Greer location, I-1 zoning, ready to build.
      1425 Buncombe Rd, Greer, SC 29651
      View Details
    • $275,000
      5.90 Acres

      Greer Commercial Land - 5.9 Acres

      Prime Greer commercial land, ideal for development.
      13165 Wade Hampton Blvd, Greer, SC 29651
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      78,408 SF

      Greer, SC Commercial Land for Sale

      1.8-acre commercial lot, prime location.
      13855 Wade Hampton Blvd, Greer, SC 29651
      View Details
    • Contact for pricing

      Greer Hwy 101 Commercial Land

      Prime 74-acre commercial tract in Greer, SC.
      1599 Highway 101, Greer, SC 29651
      View Details
    • Contact for pricing
      2,613,600 SF

      GSP Airport Logistics Park Land

      Prime Greer, SC industrial land. 10-60 acre parcels available.
      100 International Commerce Blvd, Greer, SC 29651
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Greer, South Carolina.
      2311 Airport Rd, Greer, SC 29651
      View Details
    • Contact for pricing
      3,005,640 SF

      GSP Airport Commercial Land Tract

      69-Acre Airport Land, Greer, SC
      1549 Gsp Dr, Greer, SC 29651
      View Details
    • Contact for pricing
      1 SF

      Greer Commercial Land Opportunity

      6 Acres, Build-to-Suit Potential
      13413 Wade Hampton Blvd, Greer, SC 29651
      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.
    Highway 101
    Greer, SC 29651
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.