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

    3695 Woodruff Rd Simpsonville, SC 29681

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

    Current Use by Public Records

    • Land

    Property Details for 3695 Woodruff Rd

    Lot size
    37.00 lot acres
    Property type
    Land

    Description

    This ±37-acre parcel presents a unique investment opportunity in Simpsonville, South Carolina's rapidly growing Five Forks area. Located at 3695 Woodruff Rd, Greenville County (zip code 29681), this property boasts a strategic location within a suburb experiencing significant population growth (50% increase since 2007). Currently zoned RSR-15, preliminary discussions with Greenville County Planning and Zoning suggest potential rezoning for Planned Urban Development (PUD) or Flexible Review District (FRD), unlocking opportunities for mixed-use development. The site's substantial size (the largest remaining undeveloped parcel in this 7.6 square-mile area) and high traffic counts make it ideal for commercial ventures. Strong residential demographics and anticipated future residential development further enhance its investment potential. The APN is 0550010102001. This exceptional location offers a rare chance to capitalize on the area's burgeoning growth and limited commercial space (currently only 334 acres of 10,718 are commercial/office). This is a remarkable opportunity to develop a significant commercial project in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Simpsonville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.1814
    Latitude
    34.7905

    Comparable in this City

    • Value Estimation by Request
      7.80 Acres

      Jonesville Rd

      Land • 7.80 Acres
      0 Jonesville Rd, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      1.00 Acre

      00 Holland Rd

      Land • 1.00 Acre
      00 Holland Rd, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      9.97 Acres

      130 Allawood Ct

      Land • 9.97 Acres
      130 Allawood Ct, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      1.34 Acres

      2507 Woodruff Rd

      Land • 1.34 Acres
      2507 Woodruff Rd, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request
      28.78 Acres

      J Verne Smith Pkwy

      Land • 28.78 Acres
      0 J Verne Smith Pkwy, Simpsonville, SC 29681
      View Details
    • Value Estimation by Request

      2826 Woodruff Rd

      Land
      2826 Woodruff Rd, Simpsonville, SC 29681
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.06 Acres

      Woodruff Place Office Pads

      Simpsonville, SC Office Condos for Sale
      0 Woodruff Place Cir, Simpsonville, SC 29681
      View Details
    • $1,700,000
      7.00 Acres

      7 Acres on Scuffletown Rd

      Land • 7.00 Acres
      639 Scuffletown Rd, Simpsonville, SC 29681
      View Details
    • $800,000
      1.46 Acres

      Simpsonville Main Street Outparcel

      Prime 1.46-acre commercial land
      506 Main St, Simpsonville, SC 29681
      View Details
    • $599,000
      1.34 Acres

      Simpsonville Commercial Land - 1.34 Acres

      1.34-acre commercial lot, ideal development opportunity.
      2507 Woodruff Rd, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      22.63 Acres

      2835 Kemet Way

      Land • 22.63 Acres
      2835 Kemet Way, Simpsonville, SC 29681
      View Details
    • Contact for pricing

      Land For Sale Simpsonville

      Land available for sale in Simpsonville, South Carolina.
      2819 Woodruff Rd, Simpsonville, SC 29681
      View Details

    Similar Nearby for Lease

    • $170,000
      1,336 SF

      Prime Woodruff Road Retail Opportunity

      1.88 AC site for ground lease or build-to-suit.
      2826 Woodruff Rd, Simpsonville, SC 29681
      View Details
    • Contact for pricing

      Corner Lot on Hwy 417

      Corner lot with high visibility and traffic count available for rent.
      1655 Northeast Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      142,363 SF

      Simpsonville Retail Plaza Investment

      High-traffic retail space available now
      915 South St, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      4,000 SF

      Simpsonville Executive Office Space

      Prime Retail/Office Space Available
      505 Main St, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      12,463 SF

      Simpsonville Office Space Available

      Office space available for lease in Simpsonville, SC.
      100 Allawood Ct, Simpsonville, SC 29681
      View Details
    • Contact for pricing
      30,000 SF

      Simpsonville Warehouse Space Available

      30,000 square foot warehouse space for rent in Simpsonville.
      3303 N Industrial Dr, Simpsonville, SC 29681
      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.
    3695 Woodruff Rd
    Simpsonville, SC 29681
    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.