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    108 Service Rd Anderson, SC 29625-2115
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    108 Service Rd Anderson, SC 29625-2115

    View on Map
    • Warehouses
    • 39,281 SF
    • 13.09 lot acres
    Off-Market
    Property ID
    US77-0545072
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Frankische Industrial Pipes / Warehouse & Storage
    • Industrial Bonded Warehouse / Warehouse & Storage

    Property Details for 108 Service Rd

    Year built
    1972
    Lot size
    13.09 lot acres
    Property size
    39,281 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    122-05-02-002
    APU
    1220502002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,561,000
      Market price range: $1.80M - $3.87M
      AI Estimate
      $2,988,000
      Market price range: $1.26M - $3.20M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,685,000
      Current use
      COMMERCIAL (GENERAL)
      $4,790,000
      Change: +78% Conversion: Difficult
      RETAIL STORES
      $3,775,000
      Change: +40% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6802
    Latitude
    34.5259
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,960
    $17,280
    $130,610
    $147,890
    -
    $0.00
    $0.00
    $2,464,668

    Comparable in this City

    • Value Estimation
      $3,400,000
      54,452 SF

      213 Commerce Blvd

      MINI-WAREHOUSE, STORAGE • 54,452 SF
      213 Commerce Blvd, Anderson, SC 29625-1303
      View Details
    • Value Estimation
      $830,000
      12,000 SF

      104 Construction Way

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      104 Construction Way, Anderson, SC 29625-1317
      View Details
    • Value Estimation by Request
      6,000 SF

      515 Fair St

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      515 Fair St, Anderson, SC 29625-4346
      View Details
    • Value Estimation
      $930,000
      8,970 SF

      529 Camson Rd

      MINI-WAREHOUSE, STORAGE • 8,970 SF
      529 Camson Rd, Anderson, SC 29625-1407
      View Details
    • Value Estimation
      $3,430,000
      121,275 SF

      2 Grn Tree Rd

      MINI-WAREHOUSE, STORAGE • 121,275 SF
      2 Grn Tree Rd, Anderson, SC 29625-5363
      View Details
    • Value Estimation by Request
      1,378 SF

      816 Kelly St

      MINI-WAREHOUSE, STORAGE • 1,378 SF
      816 Kelly St, Anderson, SC 29625-4182
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      3.8 Acres Commercial Land Anderson

      Commercial land suitable for retail, warehouses, and automotive businesses.
      3.8 Acs Pearman Dairy 3.80 Rd, Anderson, SC 29625
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    • $650,000
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      Cleared Land Near Clemson Boulevard

      7.5 acres of cleared, fenced land with warehouse buildings.
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    • $685,000
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      Expansive commercial property with high visibility and traffic.
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    • $1,725,000

      Leased Industrial Investment Property

      Two-building industrial property with established tenants near I-85.
      1046 Watkins Road Ext, Anderson, SC 29625
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    • $900,000
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      High-Visibility Anderson Retail Space

      Prime Retail Investment, High Traffic Area
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    • $975,000
      4.53 Acres

      Prime Land Near Technical College

      4.53-acre commercial land with highway frontage near Tri-County Technical College.
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    Similar Nearby for Lease

    • $4,000 /Mo

      Flex Building with Office, Warehouse

      Flex building with office and warehouse space for lease.
      109 Old Denver Rd, Anderson, SC 29625
      View Details
    • $7 SF/Yr
      7,500 SF

      Heated Warehouse Near Clemson Boulevard

      5,000 sqft heated warehouse with office space for lease.
      107 Control Dr, Anderson, SC 29625
      View Details
    • $8 SF/Yr

      New Warehouse Space in Anderson

      New warehouse space for lease near I-85, Exit 19.
      00 Vanguard Rd, Anderson, SC 29625
      View Details
    • Contact for pricing
      121,000 SF

      121,000 SF Industrial Space Available

      Industrial space with interstate access and laydown yard.
      2 Green Tree Rd, Anderson, SC 29625
      View Details
    • $1,800 /Mo

      Downtown Anderson Flex Space Available

      Flex space for lease in downtown Anderson near redevelopments.
      114-118 Tribble St, Anderson, SC 29625
      View Details
    • $13 SF/Yr

      Retail Space in Whitehall Commons

      Retail or office space available in a high-traffic area.
      1486 Pearman Dairy Rd, Anderson, SC 29625
      View Details
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    108 Service Rd
    Anderson, SC 29625-2115
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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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