Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    594 Glenn Springs Rd Pacolet, SC 29372
    Back to Search
    Property profile & analytics

    594 Glenn Springs Rd Pacolet, SC 29372

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

    Current Use by Public Records

    • Land

    Property Details for 594 Glenn Springs Rd

    Lot size
    8.20 lot acres
    Property type
    Land

    Description

    This exceptional 8.2-acre commercial land parcel presents a significant investment opportunity in Pacolet, South Carolina. Located at the signalized intersection of Highways 176 and 150, this property boasts 1,148 feet of road frontage on Highway 176, ensuring high visibility and accessibility. With a daily traffic count of 11,600 vehicles on Highway 176, this site offers unparalleled exposure for any commercial venture. Situated less than half a mile from Historic Pacolet, the property benefits from the area's established character and potential for growth. The convenient location also offers proximity to existing utilities. The property's tax map number is 3-33-00-051.04. This prime location, combined with its substantial size and high visibility, makes this an ideal site for a variety of commercial developments. The asking price is $375,000. Serious inquiries are encouraged to explore the possibilities of this remarkable investment opportunity. Don't miss this chance to secure a valuable asset in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pacolet
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.7663
    Latitude
    34.8829

    Comparable in this City

    • Value Estimation by Request

      Us-176

      Land
      0 Us-176, Pacolet, SC 29372
      View Details
    • Value Estimation by Request
      30.00 Acres

      Jerusalem Rd

      Land • 30.00 Acres
      0 Jerusalem Rd, Pacolet, SC 29372
      View Details
    • Value Estimation by Request
      18.34 Acres

      County Union Hwy

      Farms • 18.34 Acres
      County Union Hwy, Pacolet, SC 29372
      View Details
    • Value Estimation by Request

      4280 Furman L Fendley Hwy

      COMMERCIAL (GENERAL)
      4280 Furman L Fendley Hwy, Pacolet, SC 29372-3409
      View Details
    • Value Estimation by Request

      147 Grindals Farm Rd

      COMMERCIAL (GENERAL)
      147 Grindals Farm Rd, Pacolet, SC 29372-3456
      View Details
    • Value Estimation by Request
      2,304 SF

      7210 Pne St

      COMMERCIAL (GENERAL) • 2,304 SF
      7210 Pne St, Pacolet, SC 29372-3122
      View Details

    Similar Nearby for Sale

    • $700,000

      Prime Pacolet Land: 26 Acres

      Commercial, Residential, Recreational Land
      0 Us-176, Pacolet, SC 29372
      View Details
    • $209,000
      10.71 Acres

      Land Tracts in Pacolet, SC

      Three 10+ acre tracts ideal for homesites near Spartanburg.
      Lemonade Rd, Pacolet, SC 29372
      View Details
    • $899,500
      140.00 Acres

      Riverfront Acreage: Hunting, Recreation, Investment

      140+/- acres with river frontage, ideal for recreation/investment.
      Quarter Round Rd, Pacolet, SC 29372
      View Details
    • Contact for pricing

      Highway 176 Bypass Land

      13.35 acre commercial land with high visibility on Highway 176.
      5970 South Pine St, Pacolet, SC 29372
      View Details
    • New
      $99,900
      8.40 Acres

      Pacolet Acreage with Stream

      8.4 acres near Gaffney and Spartanburg, ideal homesite or retreat.
      Asbury Rd Rd, Pacolet, SC 29372
      View Details
    • $55,000
      1.27 Acres

      Pacolet Vacant Residential Lot Opportunity

      Expansive vacant lot in Pacolet, South Carolina, brimming with potential.
      931 Highway 150 N, Pacolet, SC 29372
      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.
    594 Glenn Springs Rd
    Pacolet, SC 29372
    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
    594 Glenn Springs Rd, Pacolet, SC, 29372
    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!