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    602 Kershaw St Kershaw, SC 29067

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    602 Kershaw St Kershaw, SC 29067

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    • Office properties & Spaces
    • 47,916 SF
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 602 Kershaw St

    Lot size
    1.10 lot acres
    Property size
    47,916 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving town of Kershaw, South Carolina. Located at 602 Kershaw Street, this 47,916 square foot, Class B office building sits on a 1.1-acre lot and is currently vacant, offering immediate occupancy. The asking price is $250,000, translating to a price per square foot of $5.22. The property boasts a highly desirable location in downtown Kershaw, directly across from a Walgreens, ensuring high visibility and accessibility. The two commercial corner parcels are flat and cleared, with readily available water and sewer connections, making it ideal for immediate development or renovation. This presents a significant advantage for prospective buyers, eliminating the need for extensive site preparation. The traditional office building's substantial square footage provides ample space for a variety of commercial uses, catering to diverse business needs. Its strategic location in Lancaster County, South Carolina, with the zip code 29067, offers easy access to major transportation routes and a growing local market. This turnkey property is ready for immediate development, offering a compelling opportunity for investors seeking a high-return investment in a prime South Carolina location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kershaw
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.5216
    Latitude
    34.5598

    Comparable in this City

    • Value Estimation by Request
      2,340 SF

      239 Hampton St

      OFFICE (GENERAL) • 2,340 SF
      239 Hampton St, Kershaw, SC 29067-1313
      View Details
    • Value Estimation by Request
      1,404 SF

      235 Hampton St

      OFFICE (GENERAL) • 1,404 SF
      235 Hampton St, Kershaw, SC 29067-1313
      View Details
    • Value Estimation
      $930,000
      5,886 SF

      100 Hampton St

      OFFICE (GENERAL) • 5,886 SF
      100 Hampton St, Kershaw, SC 29067
      View Details
    • Value Estimation by Request
      2,168 SF

      112 Cleveland St

      OFFICE (GENERAL) • 2,168 SF
      112 Cleveland St, Kershaw, SC 29067-1403
      View Details
    • Value Estimation by Request
      1,200 SF

      Mineral Mining Rd

      OFFICE (GENERAL) • 1,200 SF
      Mineral Mining Rd, Kershaw, SC 29067
      View Details
    • Value Estimation
      $570,000
      2,960 SF

      123 Richland St

      OFFICE (GENERAL) • 2,960 SF
      123 Richland St, Kershaw, SC 29067-1333
      View Details

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      Commercial Parcel in Kershaw Heart

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      602/604 Hampton St, Kershaw, SC 29067
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    • Contact for pricing

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    Kershaw, SC 29067
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    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
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