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    Rutherfordton Hwy Chesnee, SC 29323

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    Rutherfordton Hwy Chesnee, SC 29323

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    • Land

    Property Details for 0 Rutherfordton Hwy

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a prime 3.94+/- acre industrial property in Chesnee, South Carolina, situated on Rutherfordton Hwy, zip code 29323. The property is comprised of two tax map parcels and boasts a substantial 1.5+/- acre secure laydown yard, perfectly suited for various industrial or retail storage needs. Adding to its versatility, the site includes two existing buildings totaling over 10,000+/- square feet. These structures offer multiple drive-in bay doors and office/waiting areas, enhancing operational efficiency. The property benefits from excellent visibility on a high-traffic road, ensuring optimal exposure for any business. Its location and infrastructure make it particularly well-suited for auto-related businesses or flex space users. The asking price for this owner/user investment is $249,000. This property is classified as both commercial and industrial and presents a unique chance to acquire a well-positioned and versatile industrial site in a desirable location. The property's size and features offer significant potential for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesnee
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.8437
    Latitude
    35.1652

    Comparable in this City

    • Value Estimation by Request

      Tbd Rutherfordton Hwy

      Land
      0 Tbd Rutherfordton Hwy, Chesnee, SC 29323
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    • Value Estimation by Request
      63.20 Acres

      Parris Bridge Rd

      Land • 63.20 Acres
      0 Parris Bridge Rd, Chesnee, SC 29323
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    • Value Estimation
      $17,800,000
      1,351,317 SF

      707 Montgomery Dr

      INDUSTRIAL (GENERAL) • 1,351,317 SF
      707 Montgomery Dr, Chesnee, SC 29323-1050
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    • Value Estimation by Request
      7,200 SF

      280 Cherokee St

      INDUSTRIAL (GENERAL) • 7,200 SF
      280 Cherokee St, Chesnee, SC 29323-1228
      View Details
    • Value Estimation
      $2,500,000
      31.18 Acres

      200 Horseshoe Cir

      INDUSTRIAL (GENERAL) • 31.18 Acres
      200 Horseshoe Cir, Chesnee, SC 29323-1055
      View Details
    • Value Estimation by Request
      3,477 SF

      2000 Chesnee Hwy

      CONSTRUCTION/CONTRACTING SERVICES • 3,477 SF
      2000 Chesnee Hwy, Chesnee, SC 29323
      View Details

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    Chesnee, SC 29323
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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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