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

    2540 Hwy 72-221 Greenwood, SC 29649

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

    Current Use by Public Records

    • Land

    Property Details for 2540 Hwy 72-221

    Lot size
    7.93 lot acres
    Property type
    Land

    Description

    This exceptional 7.932-acre commercial land parcel is strategically located at 2540 Highway 72-221 E in Greenwood, South Carolina, zip code 29649. The property boasts an I-1 zoning designation, offering a wide range of development possibilities. Situated in Greenwood County, this prime location enjoys high visibility and accessibility with a daily traffic count of 10,600 vehicles. All essential utilities are readily available, including gas, water, sewer, and power, simplifying the development process. The asking price for this significant land holding is $199,000. Its proximity to Greenwood (approximately 4 miles) and Fuji (approximately 4.3 miles) further enhances its investment potential. This presents a rare opportunity to acquire a substantial commercial land parcel in a thriving area with excellent infrastructure and high traffic volume. Serious inquiries are encouraged.

    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
    -82.1074
    Latitude
    34.2303

    Comparable in this City

    • Value Estimation by Request
      636.55 Acres

      3000 Old Laurens Rd

      Land • 636.55 Acres
      3000 Old Laurens Rd, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      5.19 Acres

      546 By-Pass 72

      Land • 5.19 Acres
      546 By-Pass 72, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      48.34 Acres

      615 Old Abbeville Hwy

      Land • 675,180 SF
      615 Old Abbeville Hwy, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      0.97 Acres

      482 By-Pass 72

      Land • 4,992 SF
      482 By-Pass 72, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      1.34 Acres

      1350 Highway 72

      Land • 1.34 Acres
      1350 Highway 72, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      116.30 Acres

      308 Puckett Ferry Rd

      Land • 116.30 Acres
      308 Puckett Ferry Rd, Greenwood, SC 29649
      View Details

    Similar Nearby for Sale

    • $1,945,584

      Greenwood Industrial Land - 73 Acres

      Prime Greenwood SC industrial land, highway frontage, rail access.
      2707 Highway 72 221, Greenwood, SC 29649
      View Details
    • $2,150,000
      86.00 Acres

      86 Acres Greenwood Residential Land

      Prime Greenwood County residential land, 86 acres.
      0 State 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
      8.00 Acres

      Greenwood Retail Land - 8 Acres

      Prime Greenwood location, high traffic, retail potential.
      2042 Montague Avenue Ext, Greenwood, SC 29649
      View Details
    • $842,000
      5.19 Acres

      Greenwood Commercial Land - 5 Acres

      Prime Greenwood, SC commercial land, Walmart-anchored.
      546 By-Pass 72, Greenwood, SC 29649
      View Details
    • $9,229,975
      636.55 Acres

      Greenwood Airport Commerce Park

      636-Acre Development Tract, SC
      3000 Old Laurens Rd, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Greenwood Commercial Land For Rent

      1.67 acre commercial land parcel in Greenwood, South Carolina.
      Greenwood, SC 29649
      View Details
    • Contact for pricing
      512,496 SF

      Prime Greenwood County Warehouse

      Massive warehouse, ideal for large-scale operations.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      59,870 SF

      Greenwood County Warehouse For Lease

      Large warehouse, 59,870 SF, 21.95 acres.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      380,484 SF

      Industrial Space with High Ceilings

      Manufacturing space featuring 14 dock doors and high ceilings.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      8,483 SF

      Restaurant Space with Patio

      Second-generation restaurant space with patio in prime location.
      529 Bypass 72 NW, Greenwood, SC 29649
      View Details
    • Contact for pricing
      43,618 SF

      Lake Greenwood Retail Center

      High-traffic retail space in Greenwood, SC
      3353 Highway 72 221, 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.
    2540 Hwy 72-221
    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

    Google sign-in failed. Please try again or use another login method.