Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    509 By Pass 123 Hwy Seneca, SC 29678

    • Retail properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 509 By Pass 123 Hwy

    Year built
    1997
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 509 By Pass 123 Highway, Unit C, in Seneca, South Carolina. The property is classified as retail and is offered at a price of $1,650. While the exact square footage is not currently specified, the property's location on Highway 123 ensures high visibility and accessibility for customers. This makes it an attractive option for a variety of businesses seeking a prominent presence in a busy commercial area of Seneca. The property sits on a lot with zero acres, indicating a compact and potentially easily managed space. The asking price represents a compelling entry point for entrepreneurs and established businesses alike seeking a strategic location within the Seneca market. Further details regarding the interior layout and specific features are available upon request. This property is ready for immediate occupancy and presents a unique chance to establish or expand a business in a high-traffic area. Interested parties are encouraged to inquire promptly to secure this exceptional retail space. The property's location on a major highway offers significant advantages for attracting customers and building brand awareness.

    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
    -82.9528
    Latitude
    34.6968

    Comparable in this City

    • Value Estimation by Request
      5,471 SF

      10238 Clemson Blvd

      NURSERY, GREENHOUSE, FLORIST • 5,471 SF
      10238 Clemson Blvd, Seneca, SC 29678-0813
      View Details
    • Value Estimation by Request
      2,556 SF

      937 Main St

      ROADSIDE MARKET • 2,556 SF
      937 Main St, Seneca, SC 29678-2938
      View Details
    • Value Estimation
      $5,900,000
      71,010 SF

      201 Applewood Ctr Pl

      DEPARTMENT STORE • 71,010 SF
      201 Applewood Ctr Pl, Seneca, SC 29678-0917
      View Details
    • Value Estimation by Request
      47,181 SF

      191 Bilo Pl

      ROADSIDE MARKET • 47,181 SF
      191 Bilo Pl, Seneca, SC 29678-2562
      View Details
    • Value Estimation by Request
      4,000 SF

      285 Applewood Center Pl

      Restaurants • 4,000 SF
      285 Applewood Center Pl, Seneca, SC 29678
      View Details
    • Value Estimation
      $5,355,000
      61,480 SF

      Seneca, SC 29678

      DEPARTMENT STORE • 61,480 SF
      Seneca, SC 29678
      View Details

    Similar Nearby for Sale

    • $1,800,000
      1.01 Acres

      Seneca Retail/Warehouse Opportunity

      All brick/concrete building with existing tenants and expansion potential.
      518 N 1 St, Seneca, SC 29678
      View Details
    • Contact for pricing

      Land Near Clemson University

      Land available near Clemson University, close to lakes.
      Union Station Dr, Seneca, SC 29678
      View Details
    • $1,900,000
      0.78 Acres

      Turn-Key Restaurant Franchise Opportunity

      Turn-key national franchise restaurant with real estate for sale.
      1053 By Pass 123 Byp, Seneca, SC 29678
      View Details
    • $900,000

      Automotive Shop Near Lake Keowee

      10-bay automotive shop, redevelopment potential for fast food.
      445 By Pass 123, Seneca, SC 29678
      View Details
    • $1,399,999

      Seneca Retail Building For Sale

      12,000 SF building with conversion potential in Seneca, SC.
      12020 North Radio Station Rd, Seneca, SC 29678
      View Details
    • $125,000

      Seneca Automotive Service Property

      Automotive service property near downtown Seneca with four bays.
      919 S 6 St, Seneca, SC 29678
      View Details

    Similar Nearby for Lease

    • 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
      7,250 SF

      Retail Property on Main Corridor

      Retail property with excellent visibility and heavy traffic.
      1592 Sandifer Blvd, 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
      1,600 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
    • Contact for pricing

      Dominant Power Center For Rent

      245,000 SF power center anchored by Belk, Hobby Lobby, etc.
      201 Applewood Center Pl, Seneca, SC 29678
      View Details
    • Contact for pricing

      Retail Opportunity Near Walmart

      Retail space available for lease, GL, or build-to-suit.
      1637 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.
    509 By Pass 123 Hwy
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!