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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highway 28 Byp Anderson, SC 29624

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

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 28 Byp

    Lot size
    1.75 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering in Anderson, South Carolina presents a unique investment opportunity. Located on Hwy 28 Bypass, this property boasts excellent visibility and accessibility, situated directly across from a Lowe's Home Improvement store. The site can be purchased as a single 3.42-acre parcel or conveniently subdivided into two 1.75-acre parcels, providing flexibility for various development plans. With 319 feet of frontage along the busy Hwy 28 Bypass, this property benefits from high traffic counts and proximity to a thriving commercial corridor. National retailers, restaurants, and a diverse range of small businesses are located nearby, ensuring a strong customer base and potential for high returns. The area also enjoys a robust residential presence, with Tri-County Technical College, Anderson University, Southwood Middle School, Westside High School, and numerous multifamily and single-family homes in close proximity. The land itself features a mostly flat topography, simplifying development. Essential utilities, including sewer, water, and natural gas, are readily available. For investors seeking a strategic location with significant development potential, this property offers an unparalleled opportunity. Note that an adjacent property is also available for purchase, presenting the possibility of expanding the investment. The asking price for this exceptional property is $550,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6711
    Latitude
    34.4865

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      115 Cindy Dr

      Land • 5.00 Acres
      115 Cindy Dr, Anderson, SC 29624
      View Details
    • Value Estimation by Request
      3.08 Acres

      3533 Abbeville Hwy

      Land • 3.08 Acres
      3533 Abbeville Hwy, Anderson, SC 29624
      View Details
    • Value Estimation by Request
      6.70 Acres

      Highway 28 Byp

      Land • 6.70 Acres
      0 Highway 28 Byp, Anderson, SC 29624
      View Details
    • Value Estimation by Request
      1.40 Acres

      Highway 28 Byp

      Land • 1.40 Acres
      0 Highway 28 Byp, Anderson, SC 29624
      View Details
    • Value Estimation by Request

      Airline Rd

      Land
      0 Airline Rd, Anderson, SC 29624
      View Details
    • Value Estimation by Request
      1.06 Acres

      Highway 28 Byp

      Land • 1.06 Acres
      0 Highway 28 Byp, Anderson, SC 29624
      View Details

    Similar Nearby for Sale

    • $1,005,000
      6.70 Acres

      Highway 28 Bypass Commercial Land

      6.7 Acres, Anderson, SC - $1M
      0 Highway 28 Byp, Anderson, SC 29624
      View Details
    • Contact for pricing
      12.82 Acres

      Anderson Commercial Land - Hwy 28 Bypass

      12.82 Acres, Prime Development Opportunity
      28 Byp & Dobbins Brg Rd, Anderson, SC 29624
      View Details
    • $225,000
      1.06 Acres

      Prime Anderson Commercial Land

      1.06-acre lot, high traffic area
      0 Highway 28 Byp, Anderson, SC 29624
      View Details
    • $575,000
      1.40 Acres

      Prime Anderson Commercial Land

      Hwy 28 Bypass acreage, high traffic
      1010 Highway 28 Byp, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.12 Acres

      Buildable Lot in Anderson, SC

      Buildable lot in Anderson, South Carolina, ideal for investment.
      1105 W Franklin St, Anderson, SC 29624
      View Details
    • $119,250

      Unzoned Cleared Land For Sale

      Cleared, unzoned land with public water and highway access.
      316 Elrod Rd, Anderson, SC 29624
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo

      Industrial Building in Anderson, SC

      Industrial building suitable for wholesale distribution in Anderson, SC.
      1821 S Mcduffie St, Anderson, SC 29624
      View Details
    • $3 SF/Yr
      149,555 SF

      Schmid Plaza Road Warehouse

      Anderson, SC industrial space available
      201 Schmid Plaza Rd, Anderson, SC 29624
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space Available For Rent

      Retail space available for lease, approximately 1,200 square feet.
      3003 S Main Street Ext, Anderson, SC 29624
      View Details
    • New
      $1,350 /Mo
      2,614 SF

      Downtown Anderson Commercial Space Available

      Versatile 1,300 SF space in historic downtown Anderson.
      122 W Whitner St, Anderson, SC 29624
      View Details
    • $10 SF/Yr
      29,040 SF

      Anderson Retail Strip - For Lease

      High-visibility retail spaces available
      1402 River St, Anderson, SC 29624
      View Details
    • Contact for pricing
      400 SF

      Retail Space in Anderson, SC

      Retail space available with recent renovations and strong anchor tenants.
      2905 N Main St, Anderson, SC 29624
      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.
    Highway 28 Byp
    Anderson, SC 29624
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.