Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Business Park Dr Seneca, SC 29678
    Back to Search
    Property profile & analytics

    Business Park Dr Seneca, SC 29678

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

    Current Use by Public Records

    • Land

    Property Details for 0 Business Park Dr

    Lot size
    0.83 lot acres
    Property type
    Land

    Description

    This 0.83-acre commercial lot in Seneca, South Carolina, presents a fantastic opportunity for businesses seeking a strategic location. Situated on Business Park Drive, this property enjoys proximity to various established businesses, including plumbing and electrical supply companies, and a storage facility. The asking price is $79,000, and the lot size is negotiable. The property offers the unique advantage of potential expansion

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.9822
    Latitude
    34.6739

    Comparable in this City

    • Value Estimation by Request
      7.83 Acres

      Us-123

      Land • 7.83 Acres
      0 Us-123, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      19.00 Acres

      Union Station Dr

      Land • 19.00 Acres
      0 Union Station Dr, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      2.01 Acres

      Millbrook Way

      Land • 2.01 Acres
      0 Millbrook Way, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      1.25 Acres

      seneca SC Wl Hwy & Stork Way

      Individual retail properties • 1.25 Acres
      seneca SC Wl Hwy & Stork Way, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      17.30 Acres

      Earls Mill Rd

      Agricultural land / Farmland • 17.30 Acres
      0 Earls Mill Rd, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      245,000 SF

      285 Applewood Center Pl

      Lifestyle centers • 245,000 SF
      285 Applewood Center Pl, Seneca, SC 29678
      View Details

    Similar Nearby for Sale

    • $560,000
      27.38 Acres

      Unrestricted Land Near Clemson University

      27.38 acres of unrestricted land near Clemson and Seneca.
      00 Deer Run Ct, Seneca, SC 29678
      View Details
    • $55,000
      0.99 Acres

      Land in Seneca, SC

      Land suitable for mobile homes near E Lonsdale Street.
      42 A, Seneca, SC 29678
      View Details
    • $38,000
      0.68 Acres

      Residential Lot in Dalton Bend

      Residential lot in a convenient location near Clemson and Westminster.
      5 Fiddlers Way, Seneca, SC 29678
      View Details
    • $1,900,000
      Pending

      Land with Highway Frontage

      Commercial land with highway and state road frontage.
      125 Armstrong Rd, Seneca, SC 29678
      View Details
    • $250,000

      Commercial Land on Radio Station Road

      Commercial land with building on busy Radio Station Road.
      11081 N Radio Station Rd, Seneca, SC 29678
      View Details
    • $99,900
      3.27 Acres

      Seneca, SC Wooded Acreage

      3.2 acre wooded tract near Clemson, Anderson, and Seneca.
      3.271 Coneross Pt, Seneca, SC 29678
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near Oconee Medical Center

      Commercial land for rent near medical center and Clemson University.
      15516 Wells Hwy, Seneca, SC 29678
      View Details
    • $15 SF/Yr
      4,800 SF

      Seneca Office/Retail Space Available

      Office and retail spaces for lease in Seneca, South Carolina.
      12019 North Radio Station Rd, Seneca, SC 29678
      View Details
    • Contact for pricing
      1,000 SF

      Restaurant Space Near Oconee Medical

      1,600 SF 2nd Gen Restaurant Space Available For Rent.
      201-273 Applewood Center Pl, Seneca, SC 29678
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Oconee Medical

      Retail space available near Oconee Medical Center and Clemson University.
      101 Applewood Center Pl, Seneca, SC 29678
      View Details
    • $4,000 /Mo
      26,136 SF

      Office Space Near Clemson

      Two-level office building suitable for various businesses, near Clemson.
      865 Old Clemson Hwy, Seneca, SC 29678
      View Details
    • Contact for pricing
      7,250 SF

      Retail Property on Main Corridor

      Retail property with excellent visibility and heavy traffic.
      1592 Sandifer Blvd, Seneca, SC 29678
      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.
    Business Park Dr
    Seneca, SC 29678
    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
    Business Park Dr, Seneca, SC, 29678
    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!