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    Possum Hollow Rd Fort Mill, SC 29707

    • Land
    • 1.00 lot acres
    For Sale
    View listing
    $675,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Possum Hollow Rd

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1.2-acre commercial lot is situated within the thriving Edgewater Corporate Park in Indian Land, South Carolina. Located on Possum Hollow Road, this property (APN 0008-00-026.08) offers an unparalleled opportunity for owner-occupants seeking a long-term investment. The asking price is $675,000. Pre-grading is complete, and storm water connections are already in place, eliminating the need for on-site storm water management. Water is readily available at the property line, and sewer access is conveniently located adjacent to the site. Zoned RB, this parcel allows for a wide range of commercial uses, providing significant flexibility for development. The lot's prime location provides convenient access to well-lit intersections at Highway 160 and Highway 521, ensuring high visibility and easy accessibility for businesses and customers. This is a remarkable chance to establish a presence in a rapidly growing market, combining immediate usability with substantial future growth potential. The property is located in Lancaster County, South Carolina, zip code 29707. This is a rare opportunity to acquire a fully prepared commercial lot in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mill
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.8668
    Latitude
    34.9876

    Comparable in this City

    • Value Estimation by Request
      3.53 Acres

      8513 Charlotte Hwy

      Land • 3.53 Acres
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    • Value Estimation by Request
      2.55 Acres

      936 Fort Mill Hwy

      Land • 2.55 Acres
      936 Fort Mill Hwy, Indian Land, SC 29707
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      6.08 Acres

      9595 Yarborough Rd

      Land • 6.08 Acres
      9595 Yarborough Rd, Fort Mill, SC 29707
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    • Value Estimation by Request
      100.00 Acres

      9669 Old Bailes Rd

      Land • 100.00 Acres
      9669 Old Bailes Rd, Indian Land, SC 29707
      View Details
    • Value Estimation by Request

      Old Bailes Rd

      Land
      0 Old Bailes Rd, Fort Mill, SC 29707
      View Details
    • Value Estimation by Request
      13.00 Acres

      9159 Charlotte Hwy

      Land • 13.00 Acres
      9159 Charlotte Hwy, Fort Mill, SC 29707
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.94 Acres

      Charlotte Hwy Commercial Land

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    • $900,000
      1.00 Acre

      Fort Mill Highway Commercial Land

      Prime 1-acre commercial lot, Hwy 160 frontage.
      268 Fort Mill Hwy, Fort Mill, SC 29707
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    • $205,000
      1.92 Acres

      Land with Remodel Potential

      1.92 acres in Indian Land, SC, near Ballantyne.
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      3.53 Acres

      Prime Indian Land Commercial Land

      3.5 Acres, Hwy 521 Frontage, Excellent Location
      8513 Charlotte Hwy, Indian Land, SC 29707
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    • $2,500,000
      3.60 Acres

      Indian Land Commercial Land

      3.6 Acres, Prime Location, $2.5M
      214 Fort Mill Hwy, Indian Land, SC 29707
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    • $2,100,000
      30.00 Acres

      Expansive 30-Acre Land Parcel

      30-acre raw land parcel in Indian Land, South Carolina.
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    Similar Nearby for Lease

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      12,500 SF

      ParkStone at Indian Land: Prime Retail Space

      High-profile retail & land, Indian Land.
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      Land Lease Opportunity in Fort Mill

      Outparcels available for ground lease at future shopping center.
      7553 Charlotte Hwy, Fort Mill, SC 29707
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    • Contact for pricing

      Land Available For Lease

      Land available for lease in Indian Land, South Carolina.
      Indian Land, SC 29707
      View Details
    • $1,925 /Mo
      1,353 SF

      Arlington Townhome with Modern Amenities

      3-bedroom, 2.5-bathroom townhome in desirable Arlington neighborhood near Ballantyne.
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    • $28 SF/Yr
      2,820 SF

      Office Space in Fort Mill

      Office suites available in rapidly growing Lancaster County.
      1061 Red Ventures Dr, Fort Mill, SC 29707
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    • Contact for pricing
      151,500 SF

      Fort Mill Office Space Available

      Class A Office Building, 3 Stories, Multiple Tenancies
      8106 Calvin Hall Rd, Fort Mill, SC 29707
      View Details
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    Possum Hollow Rd
    Fort Mill, SC 29707
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    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
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