Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1551 Kist Rd Greer, SC 29651
    Property profile & analytics

    1551 Kist Rd, Greer, SC 29651

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

    Current Use by Public Records

    • Land

    Property Details for 1551 Kist Rd

    Lot size
    1.80 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.8-acre commercial, industrial, and residential development parcel is ideally located on the hard corner of Kist Road and Reidville Road in Greer, South Carolina. Situated directly on Highway 101, this property boasts unparalleled visibility and accessibility, with high daily traffic volumes of 16,395 vehicles on Highway 101 and 7,834 on Reidville Road. The flat topography simplifies development, and utilities are stubbed on-site, minimizing upfront costs. This unzoned property offers versatile development potential, making it suitable for a variety of projects, including commercial, retail, or mixed-use developments. Its convenient proximity to both Greer and Spartanburg, SC, adds to its appeal. A comprehensive due diligence package is available, providing all necessary information for a smooth and informed decision-making process. The property's APN is 5-41-00-078-.02. The asking price is $930,000. This prime location presents a significant opportunity for growth and investment in the thriving Spartanburg area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1534
    Latitude
    34.8493

    Comparable in this City

    • Value Estimation by Request
      14.50 Acres

      697 Abner Creek Rd

      Land
      697 Abner Creek Rd, Greer, SC 29651
      View Details
    • Value Estimation by Request
      3.00 Acres

      360 Leonard Rd

      Land
      360 Leonard Rd, Greer, SC 29651
      View Details
    • Value Estimation by Request

      920 Gap Creek Rd

      Land
      920 Gap Creek Rd, Greer, SC 29651
      View Details
    • Value Estimation by Request

      1097 Sc-101

      Land
      1097 Sc-101, Greer, SC 29651
      View Details
    • Value Estimation by Request

      100 International Commerce Blvd

      Land
      100 International Commerce Blvd, Greer, SC 29651
      View Details
    • Value Estimation by Request
      24.87 Acres

      Gilliam Rd

      Distribution properties
      0 Gilliam Rd, Greer, SC 29651
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3.23 Acres

      Greer Investment Property with Development Potential

      3.23 acres with homes, apartments, and development opportunities.
      382 Hudson Water Rd, Greer, SC 29651
      View Details
    • $2,000,000
      6.46 Acres

      Greer Multifamily Investment Opportunity

      6.46 acres with 4 homes and a shop.
      1261 Brockman Mcclimon Rd, Greer, SC 29651
      View Details
    • Contact for pricing

      Land Available on Wade Hampton

      Land for sale on Wade Hampton Boulevard, Greer, SC.
      603 Wade Hampton Blvd, Greer, SC 29651
      View Details
    • $265,900
      6.37 Acres

      Acreage with Mountain View

      Land with mountain views and creek near back property line.
      4502 Hawkins Rd, Greer, SC 29651
      View Details
    • $325,000
      2.00 Acres

      Chandelle Estates Airpark Land

      Two-acre lot with direct runway access in Greer, SC.
      528 Air Park Dr, Greer, SC 29651
      View Details
    • Contact for pricing

      3.5 Acres Land For Sale

      3.5 acres of land available with all utilities.
      1960 Highway 101, Greer, SC 29651
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease

      Land available for lease in Greer, South Carolina.
      2311 Airport Rd, Greer, SC 29651
      View Details
    • Contact for pricing

      Land for Lease in Greer

      3.5 acres of land available for lease in Greer, SC.
      13450 E Wade Hampton Blvd, Greer, SC 29651
      View Details
    • $3,000 /Mo
      1 SF

      Industrial Outdoor Storage Opportunity

      1.7 AC industrial outdoor storage for lease near I-85.
      1195 Victor Hill Rd, Greer, SC 29651
      View Details
    • Contact for pricing

      Land Available For Development

      Land available for ground lease or build to suit.
      13435 E Wade Hampton Blvd, Greer, SC 29651
      View Details
    • Contact for pricing
      551,670 SF

      Greer Warehouse Space Available

      Large industrial warehouse space available for lease in Greer, SC.
      550 Mason Farm Ln, Greer, SC 29651
      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.
    1551 Kist Rd
    Greer, SC 29651
    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
    1551 Kist Rd, Greer, SC, 29651
    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!