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    5115-5119 Calhoun Memorial Hwy Easley, SC 29640
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    5115-5119 Calhoun Memorial Hwy, Easley, SC 29640

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    • Neighborhood centers

    Property Details for 5115-5119 Calhoun Memorial Hwy

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail space, located at 5115-5119 Calhoun Memorial Hwy in Pickens County, offers 1,660 square feet of prime commercial real estate. The property boasts excellent visibility, fronting US Route 123, a major thoroughfare with a daily traffic count exceeding 22,000 vehicles. A signalized intersection provides multiple points of ingress and egress, ensuring easy access for customers. Ample on-site parking is available for convenience. The building features prominent signage on its façade, as well as a monument sign on US Route 123, maximizing visibility and brand exposure. The property is part of a strip center with a diverse and successful tenant mix, creating a vibrant and attractive retail environment. This location is ideal for a variety of retail or office users seeking high visibility and convenient access in a thriving commercial area. The suite is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Easley
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.5582
    Latitude
    34.8246

    Comparable in this City

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    • Value Estimation
      $3,205,000
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      5155 Calhoun Memorial Hwy Ste A

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    • Value Estimation by Request
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      601 Williams Ave Ste A

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    • Value Estimation
      $2,400,000
      7,932 SF

      5208 Calhoun Memorial Hwy

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      1935 Main St

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    • Value Estimation
      $1,150,000
      16,826 SF

      101 Main St Ste A

      SHOPPING CENTER, STRIP CENTER
      101 Main St Ste A, Easley, SC 29640-2086
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    Similar Nearby for Sale

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      4,500 SF

      Auto Service Property For Sale

      In-use auto service property equidistant from Greenville and Easley.
      3670 Calhoun Memorial Hwy, Greenville, SC 29640
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    • New
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      High-visibility commercial lot near downtown Easley with office building.
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      8,100 SF

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      Easley Commercial Opportunity on Highway

      High-visibility commercial lot near downtown Easley with office building.
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      1,557 SF

      Retail Space For Sale

      Retail space with long-term lease and experienced operator.
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      Easley Automotive Garage Near Highway

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    Similar Nearby for Lease

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      Retail Space in Easley Village

      Retail space available in a busy shopping center.
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      Easley Town Center Retail Space

      Retail space available in a 645,000 SF power center.
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      Downtown Easley Retail Space

      Retail space in the heart of downtown Easley, South Carolina.
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      Retail Space on US Route

      Retail suite available for lease with high visibility.
      5115-5119 Calhoun Memorial Hwy, Easley, SC 29640
      View Details
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      Retail/Office Space For Rent

      Retail/office space with high visibility and ample parking.
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    • Contact for pricing
      1,000 SF

      Remodeled Retail Building on Acreage

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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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