Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1099 State Rd Chesnee, SC 29323

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1099 State Rd Chesnee, SC 29323

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

    Current Use by Public Records

    • Land

    Property Details for 1099 State Rd

    Lot size
    99.00 lot acres
    Property type
    Land

    Description

    This exceptional 99-acre property presents a unique opportunity for residential development in desirable Chesnee, South Carolina. Located at 1099 State Rd S-11-146, Cherokee County, this fee simple land boasts a substantial lot size, ideal for a variety of residential projects. The property is zoned for residential use, offering flexibility for various development plans. With water lines conveniently located along all road frontage, infrastructure is readily available, simplifying the development process and reducing initial costs. The asking price is $2,450,000, translating to a price per acre of $25,000. This represents a compelling value for a large tract of land in this sought-after location. The property's expansive size and strategic location in Chesnee, SC, zip code 29323, make it an attractive investment for developers seeking to capitalize on the growing residential market in the area. The coordinates are 35.1506933 latitude and -81.8482165 longitude. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesnee
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.8482
    Latitude
    35.1507

    Comparable in this City

    • Value Estimation by Request

      Rutherfordton Hwy

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

      Parris Bridge Rd

      Land • 63.20 Acres
      0 Parris Bridge Rd, Chesnee, SC 29323
      View Details
    • Value Estimation by Request

      Tbd Rutherfordton Hwy

      Land
      0 Tbd Rutherfordton Hwy, Chesnee, SC 29323
      View Details
    • Value Estimation by Request
      4 SF

      102 Raymond Dr

      MOBILE HOME PARK, TRAILER PARK • 4 SF
      102 Raymond Dr, Chesnee, SC 29323-9362
      View Details
    • Value Estimation by Request
      16 SF

      10 Alan Ray Dr

      MOBILE HOME PARK, TRAILER PARK • 16 SF
      10 Alan Ray Dr, Chesnee, SC 29323-8536
      View Details
    • Value Estimation
      $15,530,000
      1,662 SF

      130 Cow Brg Rd

      MOBILE HOME PARK, TRAILER PARK • 1,662 SF
      130 Cow Brg Rd, Chesnee, SC 29323-9419
      View Details

    Similar Nearby for Sale

    • $269,000
      6.11 Acres

      Versatile Acreage Near NC Border

      Unrestricted 6.11 acres near Tryon International Equestrian Center.
      Peachtree Rd, Chesnee, SC 29323
      View Details
    • Contact for pricing

      99 Acre Tract For Sale

      99 acre tract with water lines on road frontage.
      1099 State Rd S-11-146, Chesnee, SC 29323
      View Details
    • $299,900
      12.68 Acres

      Chesnee Acreage with Development Potential

      12.68-acre lot suitable for development or private sanctuary.
      700 Red Line Ave, Chesnee, SC 29323
      View Details
    • $299,900
      12.68 Acres

      Chesnee Acreage with Development Potential

      12.68-acre lot in Chesnee, SC, with utilities access.
      700 Red Line Ave, Chesnee, SC 29323
      View Details
    • $199,900
      15.12 Acres

      Chesnee Acreage with Wooded Privacy

      15.12 acres of land with wooded privacy and creek.
      Cantrell Dr, Chesnee, SC 29323
      View Details
    • $199,900
      15.11 Acres

      Chesnee Acreage with Wooded Privacy

      15.11 acres of land with wooded privacy and creek.
      Cantrell Dr, Chesnee, SC 29323
      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.
    1099 State Rd
    Chesnee, SC 29323
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!