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    Sc-153 Easley, SC 29642
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    Sc-153, Easley, SC 29642

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    • Land
    • 4.55 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sc-153

    Lot size
    4.55 lot acres
    Property type
    Land

    Description

    This exceptional 4.55-acre commercial land parcel presents a remarkable investment opportunity in Easley, South Carolina. Strategically located on Highway 153, this property boasts convenient access to major thoroughfares, including its proximity to Highway 123, approximately 1.5 miles away. The site offers excellent visibility and frontage on both Highway 153 and Powdersville Road, ensuring high traffic exposure for any commercial development. The asking price for this expansive lot is $395,000. This property is identified by Pickens County Tax map numbers 5048-11-56-0022 and 5048-10-46-8150. Its location in Easley, SC, zip code 29642, provides easy access to a growing community and its amenities. The substantial acreage provides ample space for a variety of commercial ventures, making it an ideal location for businesses seeking high visibility and convenient access. This is a rare opportunity to acquire a significant commercial land holding in a desirable location with strong potential for future growth and development. Don't miss this chance to secure a prime piece of Easley real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Easley
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.5145
    Latitude
    34.8095

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      Powdersville Rd

      Land
      0 Powdersville Rd, Easley, SC 29642
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    • Value Estimation by Request
      7.60 Acres

      Brushy Creek Rd

      Land
      0 Brushy Creek Rd, Easley, SC 29642
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    • Value Estimation by Request
      46.00 Acres

      157 Zion School Rd

      Land
      157 Zion School Rd, Easley, SC 29642
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    • Value Estimation by Request
      2,840 SF

      494 Pearson Rd

      COMMERCIAL (GENERAL)
      494 Pearson Rd, Easley, SC 29642-1741
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    • Value Estimation
      $575,000
      16,100 SF

      401 Powdersville Rd

      COMMERCIAL (GENERAL)
      401 Powdersville Rd, Easley, SC 29642-1349
      View Details
    • Value Estimation
      $695,000
      25,520 SF

      4797 Hwy 153

      COMMERCIAL (GENERAL)
      4797 Hwy 153, Easley, SC 29642-9161
      View Details

    Similar Nearby for Sale

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      Land in Easley, South Carolina

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      Unzoned Land Near Country Club

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      Unrestricted Land Between Greenville, Easley

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      Easley Land For Sale

      18.98 acres near Easley, Clemson, and Greenville.
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      Easley Land for Development

      18.49 acres off Highway 123, ideal for development.
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    Similar Nearby for Lease

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      1,200 SF

      Retail Space on Highway 123

      Retail space in Easley's trade area with high visibility.
      6811 Calhoun Memorial Hwy, Easley, SC 29642
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      Retail Space in High-Traffic Area

      Retail space with strong tenant mix and high visibility.
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      2,100 SF

      Easley Office Space Available

      Office space available for lease in Easley, South Carolina.
      836 Powdersville Rd, Easley, SC 29642
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    • Contact for pricing
      2,589 SF

      Office Space in Easley, SC

      Office space available for lease in Easley, South Carolina.
      810 Powdersville Rd, Easley, SC 29642
      View Details
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    Easley, SC 29642
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    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
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