Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unit Keowee I 45+/- Acres Knollwood Dr Seneca, SC 29678
    Back to Search
    Property profile & analytics

    Unit Keowee I 45+/- Acres Knollwood Dr Seneca, SC 29678

    View on Map
    • Commercial real estate
    • 45.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Unit Keowee I 45+/- Acres Knollwood Dr

    Lot size
    45.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 45+/- acre tract presents a unique investment opportunity in Seneca, South Carolina. Located within the city limits, this property boasts convenient access to a wealth of amenities, including shopping, dining, medical facilities, and Clemson University. All utilities are readily available, making development straightforward. A new survey is currently underway to determine the precise acreage. The land is currently unzoned, offering significant flexibility for the new owner. Potential uses include single-family residential, multi-family residential, mixed-use commercial, or purely commercial development, subject to city of Seneca approval. The property's prime location near Lake Keowee adds significant appeal, offering breathtaking views and recreational opportunities. This is a rare chance to acquire a large parcel of land within a thriving community, poised for significant growth and development. Prospective buyers are encouraged to conduct their own due diligence to verify all aspects of the property, including zoning regulations and utility availability. The asking price reflects the significant potential of this exceptional land parcel. Don't miss this opportunity to shape the future of this desirable location. The seller is motivated and ready to negotiate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.9644
    Latitude
    34.6888

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      310 North 2Nd St

      Commercial real estate • 0.50 Acres
      310 North 2Nd St, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      5,250 SF

      303 Depot St

      SHOW ROOM, WAREHOUSE • 5,250 SF
      303 Depot St, Seneca, SC 29678-3211
      View Details
    • Value Estimation by Request
      256 SF

      108 Friendship Rd

      SHOW ROOM, WAREHOUSE • 256 SF
      108 Friendship Rd, Seneca, SC 29678-1827
      View Details
    • Value Estimation by Request
      3.90 Acres

      298 By Pass 123 Hwy

      Commercial real estate • 3.90 Acres
      298 By Pass 123 Hwy, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      7.83 Acres

      Us-123

      Land • 7.83 Acres
      0 Us-123, Seneca, SC 29678
      View Details
    • Value Estimation by Request
      4.50 Acres

      Seneca, SC 29678

      COMMERCIAL (GENERAL) • 4.50 Acres
      Seneca, SC 29678
      View Details

    Similar Nearby for Sale

    • $1,577,000
      33.90 Acres

      Seneca Commercial Land - 33.9 Acres

      Prime Seneca acreage, development potential.
      Unit 31.66 ac 31.54 Acres Frontage Rd, Seneca, SC 29678
      View Details
    • $325,000
      8.04 Acres

      Seneca Commercial Land Opportunity

      8 Acres, Highway Frontage, Three Parcels
      000000 Wells Hwy, Seneca, SC 29678
      View Details
    • $125,000
      0.62 Acres

      Waterfront Residential Lot Near Clemson

      0.62-acre waterfront residential building lot on Lake Hartwell.
      Riley Rd, Seneca, SC 29678
      View Details
    • Contact for pricing

      Land Near Clemson University

      Land available near Clemson University, close to lakes.
      Union Station Dr, Seneca, SC 29678
      View Details
    • $1,399,999

      Seneca Retail Building For Sale

      12,000 SF building with conversion potential in Seneca, SC.
      12020 North Radio Station Rd, Seneca, SC 29678
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dominant Power Center For Rent

      245,000 SF power center anchored by Belk, Hobby Lobby, etc.
      201 Applewood Center Pl, Seneca, SC 29678
      View Details
    • Contact for pricing

      Land Near Oconee Medical Center

      Commercial land for rent near medical center and Clemson University.
      15516 Wells Hwy, Seneca, SC 29678
      View Details
    • $1,500 /Mo
      26,136 SF

      Seneca Office Space For Lease

      Two-level office building suitable for various businesses, near Clemson.
      865 Old Clemson Hwy, Seneca, SC 29678
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Oconee Medical

      Retail space available near Oconee Medical Center and Clemson University.
      101 Applewood Center Pl, Seneca, SC 29678
      View Details
    • $15 SF/Yr
      4,800 SF

      Seneca Office/Retail Space Available

      Office and retail spaces for lease in Seneca, South Carolina.
      12019 North Radio Station Rd, Seneca, SC 29678
      View Details
    • Contact for pricing
      1,000 SF

      Restaurant Space Near Oconee Medical

      1,600 SF 2nd Gen Restaurant Space Available For Rent.
      201-273 Applewood Center Pl, Seneca, SC 29678
      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.
    Unit Keowee I 45+/- Acres Knollwood Dr
    Seneca, SC 29678
    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

    Thank You for Inquiry
    Unit Keowee I 45+/- Acres Knollwood Dr, Seneca, SC, 29678
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!