Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two Notch Rd Elgin, SC 29045
    Property profile & analytics

    Two Notch Rd, Elgin, SC 29045

    View on Map
    • Land
    • 33.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Two Notch Rd

    Lot size
    33.00 lot acres
    Property type
    Land

    Description

    This exceptional 33-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Midlands region of South Carolina. Located on Two Notch Road in Elgin, SC, this property boasts 538 feet of frontage on Highway 1, ensuring unparalleled visibility and accessibility. The site benefits from a high volume of daily traffic, with 18,900 vehicles passing by daily. Designated RU zoning allows for a wide range of commercial development possibilities. The property's expansive size offers significant flexibility for various projects, from retail centers and industrial facilities to large-scale commercial developments. The two tax map numbers associated with this property are 29000-02-11 and 29000-02-40. This prime location, combined with its substantial size and favorable zoning, makes this an exceptional opportunity for investors seeking high-growth potential in a thriving South Carolina market. The asking price for this exceptional property is $225,000. Don't miss this chance to secure a piece of Elgin's burgeoning commercial landscape. Contact us today to learn more.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Richland
    State
    South Carolina
    Longitude
    -80.848
    Latitude
    34.131

    Comparable in this City

    • Value Estimation by Request

      421 Gibbs Rd

      Land
      421 Gibbs Rd, Elgin, SC 29045
      View Details
    • Value Estimation by Request
      1.22 Acres

      308 Vallenga Rd

      Land
      308 Vallenga Rd, Elgin, SC 29045
      View Details
    • Value Estimation by Request
      11.25 Acres

      567 Spears Crk Rd

      Land
      567 Spears Crk Rd, Columbia, SC 29045
      View Details
    • Value Estimation by Request
      0.72 Acres

      567 Spears Creek Church Rd

      Land
      567 Spears Creek Church Rd, Elgin, SC 29045
      View Details
    • Value Estimation by Request
      7.00 Acres

      10709 Two Notch Rd

      Land
      10709 Two Notch Rd, Elgin, SC 29045
      View Details
    • Value Estimation by Request

      140 Pontiac Business Center Dr

      Land
      140 Pontiac Business Center Dr, Elgin, SC 29045
      View Details

    Similar Nearby for Sale

    • $40,000
      2.02 Acres

      Land for Sale in Camden

      2.02 acre lot with timber in Kershaw County.
      90 Simmons Dr, Camden, SC 29045
      View Details
    • Contact for pricing

      Development Site in Woodcreek Area

      11.25 acre development site in Northeast Columbia.
      567 Spears Creek Church Rd, Columbia, SC 29045
      View Details
    • $165,360
      13.73 Acres

      Elgin Vacant Land Opportunity

      Acreage living near Blythewood, build your dream home!
      0032 Hidden Valley Rd, Elgin, SC 29045
      View Details
    • $122,850
      8.19 Acres

      Land for Dream Home

      Acreage in Richland County to build your dream home.
      024 Peake Rd, Elgin, SC 29045
      View Details
    • $399,900
      2,400 SF

      Elgin Commercial Live/Work Space

      Versatile Elgin property, 2400 sq ft, 0.92 acres.
      2446a Main St, Elgin, SC 29045
      View Details
    • $138,750
      9.25 Acres

      Land for Dream Home in Elgin

      Acreage living near Blythewood, build your dream home!
      016 Peake Rd, Elgin, SC 29045
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near Interstate I-20

      Land available for rent, conveniently located near I-20.
      551 Spears Creek Church Rd, Elgin, SC 29045
      View Details
    • Contact for pricing

      Land for Lease or Build-to-Suit

      Approximately 2.8 acres available for ground lease or build-to-suit.
      10526 Two Notch Rd, Elgin, SC 29045
      View Details
    • Contact for pricing

      0.72 Acre Development Land

      0.72 acre development land available for ground lease.
      567 Spears Creek Church Rd, Elgin, SC 29045
      View Details
    • Contact for pricing

      Elgin Commercial Land for Rent

      Approximately 2.96 acres of commercial land available for rent.
      S Old National Hwy, Elgin, SC 29045
      View Details
    • Contact for pricing

      Office/Retail/Restaurant Spaces For Rent

      Office, retail, and restaurant spaces available in growing commercial corridor.
      566 Spears Creek Church Rd, Elgin, SC 29045
      View Details
    • Contact for pricing
      146,483 SF

      Elgin Office Space Available

      Office space available for lease in Elgin, South Carolina.
      565 Spears Creek Church Rd, Elgin, SC 29045
      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.
    Two Notch Rd
    Elgin, SC 29045
    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
    Two Notch Rd, Elgin, SC, 29045
    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!