Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    604 East Old Fork Shoals Road Greenville, SC 29605

    • Residential land & home lots
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 604 East Old Fork Shoals Road

    Property type
    Residential land & home lots
    Property subtype
    Commercial land

    Description

    Sale Price: $475,000 Lot Size: ±5 Acres Location Description Residential Development within Greenville City Limits Highlights All utilities available In Greenville, SC Subdivision of lots will be approved prior to closing Five (5) residential lots Lots ranging from ±0.82 - ±1.45 Acres

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    State
    South Carolina
    Longitude
    -82.3619
    Latitude
    34.7632

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      7 Terry Ct

      VACANT COMMERCIAL LAND • 0.29 Acres
      7 Terry Ct, Greenville, SC 29605-3621
      View Details
    • Value Estimation by Request
      27.50 Acres

      220 Evelyn Dr

      Land • 27.50 Acres
      220 Evelyn Dr, Greenville, SC 29605
      View Details
    • Value Estimation by Request
      1.37 Acres

      Augusta St

      Individual retail properties • 1.37 Acres
      0 Augusta St, Greenville, SC 29605
      View Details
    • Value Estimation by Request
      21.29 Acres

      Bracken Rd

      Land • 21.29 Acres
      0 Bracken Rd, Piedmont, SC 29605
      View Details
    • Value Estimation by Request
      18.10 Acres

      6719 Augusta Rd

      Land • 18.10 Acres
      6719 Augusta Rd, Greenville, SC 29605
      View Details
    • Value Estimation by Request
      0.93 Acres

      7 Gurley Ave

      Land • 0.93 Acres
      7 Gurley Ave, Greenville, SC 29605
      View Details

    Similar Nearby for Sale

    • $2,976,352
      20.75 Acres

      Versatile Acreage Near Greenville City

      20.75-acre tract with airstrip, bunker-style residence, spring-fed creek.
      1111 Fork Shoals Rd, Greenville, SC 29605
      View Details
    • $215,000
      0.87 Acres

      Residential Lot in Greenville, SC

      Residential lot available in Greenville, South Carolina.
      101 Stafford St, Greenville, SC 29605
      View Details
    • $650,000
      0.18 Acres

      Residential Lot in Augusta Road

      Build-ready lot in Greenville's sought-after Augusta Road neighborhood.
      100 Ponce De Leon Dr, Greenville, SC 29605
      View Details
    • $899,000
      0.35 Acres

      Residential Lot in Prime Location

      Dream home opportunity in Greenville's luxurious neighborhood.
      78 Woodvale Ave, Greenville, SC 29605
      View Details
    • $40,000
      0.07 Acres

      Residential Lot in Greenville, SC

      Two lots available, perfect for new construction or duplex.
      00 Goodrich St, Greenville, SC 29605
      View Details
    • $350,000
      0.21 Acres

      Residential Lot in Greenville, SC

      Residential lot available in Greenville, South Carolina.
      42A E Faris Rd, Greenville, SC 29605
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Multiple lots available for retail, QSR, or small industrial.
      5 Impact Dr, Greenville, SC 29605
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      Multiple lots available for retail, QSR, or small industrial.
      Augusta Rd, Greenville, SC 29605
      View Details
    • Contact for pricing

      Greenville Land Ready For Development

      Commercial land available for build-to-suit in Greenville, SC.
      6404 White Horse Rd, Greenville, SC 29605
      View Details
    • Contact for pricing
      59,720 SF

      Prime Greenville Retail Outparcel

      1.37 Acres, High Visibility Site
      0 Augusta St, Greenville, SC 29605
      View Details
    • Contact for pricing

      Industrial Land Near I-85

      Industrial land for lease with highway access and development potential.
      Mills Ave, Greenville, SC 29605
      View Details
    • Contact for pricing

      Greenville Retail Land Opportunity

      Multiple lots, prime Greenville location.
      0 Pleasantburg Dr, Greenville, SC 29605
      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.
    604 East Old Fork Shoals Road
    Greenville, SC 29605
    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.