Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 Shelby Hwy Gaffney, SC 29340
    Back to Search
    Property profile & analytics

    220 Shelby Hwy Gaffney, SC 29340

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

    Current Use by Public Records

    • Land

    Property Details for 220 Shelby Hwy

    Lot size
    66.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 66-acre industrial land parcel presents a compelling investment opportunity in Gaffney, South Carolina. Strategically located at the intersection of I-85 and Highway 18, this property boasts 1,500 feet of frontage along I-85, ensuring high visibility and accessibility. The 2023 South Carolina Department of Transportation traffic count reveals a significant 62,500 vehicles per day, underscoring the substantial traffic flow. All utilities are readily available, simplifying development plans. Situated in a Tier 3 zone, this location benefits from pro-business tax rates, making it an attractive proposition for businesses seeking a cost-effective and strategically advantageous location. Equidistant from both Charlotte, North Carolina, and Greenville, South Carolina, this property offers unparalleled access to a large and diverse workforce pool and consumer market. The property's APN is 116-00-00-042.000. The asking price for this significant industrial land holding is $5,580,000. This is a rare opportunity to acquire a large, well-located parcel with excellent infrastructure and access to major transportation arteries.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.6192
    Latitude
    35.1037

    Comparable in this City

    • Value Estimation by Request
      19.97 Acres

      Victory Trail Rd

      Land • 19.97 Acres
      0 Victory Trail Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      86.00 Acres

      Gaffney Ferry Rd

      Land • 86.00 Acres
      0 Gaffney Ferry Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      44.00 Acres

      Wind Hill Rd

      Land • 44.00 Acres
      0 Wind Hill Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      18.29 Acres

      Goldmine Springs Rd

      Land • 18.29 Acres
      0 Goldmine Springs Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      80.00 Acres

      Goucher Green Bethel Rd

      Land • 80.00 Acres
      0 Goucher Green Bethel Rd, Gaffney, SC 29340
      View Details
    • Value Estimation by Request
      9.66 Acres

      1812 Limestone St

      Land • 9.66 Acres
      1812 Limestone St, Gaffney, SC 29340
      View Details

    Similar Nearby for Sale

    • $70,000
      8.46 Acres

      Unrestricted Land in Gaffney, SC

      8.5 acres of unrestricted land with road frontage.
      Goucher Green Bethel Rd, Gaffney, SC 29340
      View Details
    • Contact for pricing

      Gaffney Redevelopment Site Near I-85

      4.24-acre redevelopment site near I-85 in Gaffney, South Carolina.
      100 N Limestone St, Gaffney, SC 29340
      View Details
    • $64,000
      Pending

      Land for Sale in Gaffney

      Land available at 2234 Corinth Road, Gaffney, SC 29340.
      2234 Corinth Rd, Gaffney, SC 29340
      View Details
    • New
      $235,000
      33.13 Acres

      33 Acres with Scenic Creek

      Unrestricted acreage with creek, suitable for various uses.
      Gowdeysville Rd, Gaffney, SC 29340
      View Details
    • $599,900
      71.34 Acres

      Gaffney Acreage with Road Frontage

      71.34+/- acres near I-85 with road frontage.
      Goucher Green Bethel Rd, Gaffney, SC 29340
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,007,393 SF

      Gaffney Warehouse/Distribution Space

      Large industrial space available for lease in Gaffney, SC.
      34 Commerce Dr, Gaffney, SC 29340
      View Details
    • Contact for pricing
      301,320 SF

      New Industrial Facility Near I-85

      301,320 SF facility for distribution or manufacturing.
      Victory Trail Rd, Gaffney, SC 29340
      View Details
    • Contact for pricing
      3,000 SF

      Gaffney Warehouse Space Available

      Industrial warehouse space available for rent in Gaffney, South Carolina.
      341 East Floyd Baker Blvd, Gaffney, SC 29340
      View Details
    • Contact for pricing
      113,000 SF

      Gaffney Warehouse: 113,000 SF

      Spacious industrial warehouse, ideal for lease or sale.
      1 Commerce Dr, Gaffney, SC 29340
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Gaffney, South Carolina.
      Shelby Hwy, Gaffney, SC 29340
      View Details
    • Contact for pricing

      Former Retail Space Available

      Former Goodwill space, can be subdivided. Anchored by Tractor Supply.
      1307 W Floyd Baker Blvd, Gaffney, SC 29340
      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.
    220 Shelby Hwy
    Gaffney, SC 29340
    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
    220 Shelby Hwy, Gaffney, SC, 29340
    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!