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

    Gaffney Ferry Rd Gaffney, SC 29340

    • Land
    • 86.00 lot acres
    For Sale
    View listing
    $499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Gaffney Ferry Rd

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

    Description

    This exceptional 86-acre property presents a unique investment opportunity in Cherokee County, South Carolina. Strategically located near the intersection of I-85 and Gaffney Ferry Road in Blacksburg, SC (zip code 29340), this versatile land boasts significant frontage on both major roadways. Enjoy approximately 3,000 feet of I-85 frontage, providing unparalleled visibility for commercial ventures, and approximately 500 feet of frontage on Gaffney Ferry Road. The property's diverse features include approximately 1,600 feet of Broad River frontage, a 7.5-acre high-fence field ideal for recreational uses, and approximately 50 acres of managed pine timber. Adding to its appeal is a 6.5-acre duck pond. The property's tax map number is 135-00-00-004.002. Utilities such as sewer and water are readily available. Its convenient location offers easy access to major metropolitan areas, with approximately 55 minutes to Charlotte and 54 minutes to Greenville, and 34 minutes to Spartanburg. This property is zoned for commercial, hunting/recreational, and industrial uses, making it suitable for a wide range of development possibilities. The asking price for this remarkable property is $499,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.5842
    Latitude
    35.1108

    Comparable in this City

    • Value Estimation by Request
      44.00 Acres

      Wind Hill Rd

      Land • 44.00 Acres
      0 Wind Hill Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      19.97 Acres

      Victory Trail Rd

      Land • 19.97 Acres
      0 Victory Trail Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      66.00 Acres

      220 Shelby Hwy

      Land • 66.00 Acres
      220 Shelby Hwy, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      80.00 Acres

      Goucher Green Bethel Rd

      Land • 80.00 Acres
      0 Goucher Green Bethel Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      9.66 Acres

      1812 Limestone St

      Land • 9.66 Acres
      1812 Limestone St, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      10.00 Acres

      Goucher Grn Bethel Rd Lot D Rd

      Land • 10.00 Acres
      0 Goucher Grn Bethel Rd Lot D Rd, Gaffney, SC 29340
      View Details

    Similar Nearby for Sale

    • $5,580,000
      66.00 Acres

      Prime Gaffney Industrial Land

      66 acres, I-85 frontage, $5.58M
      220 Shelby Hwy, Gaffney, SC 29340
      View Details
    • $499,000
      86.00 Acres

      I-85 Commercial Land, SC

      86 Acres, Prime Location, Investment Opportunity
      0 Gaffney Ferry Rd, Gaffney, SC 29340
      View Details
    • $1,595,000
      44.00 Acres

      Gaffney Commercial Land Investment

      44 Acres, I-85 Frontage, High Traffic
      0 Wind Hill Rd, Gaffney, SC 29340
      View Details
    • $788,000
      80.00 Acres

      80 Acres Gaffney, SC Commercial Land

      Prime 80-acre commercial tract. Excellent development potential.
      0 Goucher Green Bethel Rd, Gaffney, SC 29340
      View Details
    • $299,900
      40.19 Acres

      40-Acre Country Tract in Gaffney

      40-acre country tract with creek and no restrictions in Gaffney.
      Tbd White Pln Rd Rd, Gaffney, SC 29340
      View Details
    • $599,900
      71.34 Acres

      Gaffney Acreage with Road Frontage

      71.34+/- acres near I-85 with road frontage.
      Goucher Green Bethel Rd, Gaffney, SC 29340
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Gaffney Commercial Building For Lease

      3600 SF commercial building in excellent shape and great location.
      2303 Beech St, Gaffney, SC 29340
      View Details
    • Contact for pricing
      301,320 SF

      New Industrial Facility Near I-85

      301,320 SF facility for distribution or manufacturing.
      Victory Trail Rd, Gaffney, SC 29340
      View Details
    • Contact for pricing
      113,000 SF

      Gaffney Warehouse: 113,000 SF

      Spacious industrial warehouse, ideal for lease or sale.
      1 Commerce Dr, Gaffney, SC 29340
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Gaffney, South Carolina.
      Shelby Hwy, Gaffney, SC 29340
      View Details
    • $10 SF/Yr
      91,465 SF

      1307 Floyd Baker Blvd

      Individual retail properties • 91,465 SF
      1307 Floyd Baker Blvd, Gaffney, SC 29340
      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.
    Gaffney Ferry Rd
    Gaffney, SC 29340
    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.