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    115 Cindy Dr Anderson, SC 29624

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    115 Cindy Dr Anderson, SC 29624

    View on Map
    • Commercial real estate
    • 5.00 lot acres
    Off-Market
    Property ID
    US77-1204327
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 115 Cindy Dr

    Lot size
    5.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5-acre commercial land parcel presents a remarkable development opportunity, ideally situated just 8 minutes from downtown Anderson, South Carolina. Conveniently located off Highway 28 South and accessible from Cindy Drive, this property offers significant potential for a variety of uses. Previously utilized as a residential site with a substantial 10,000 square foot shop, the land is partially cleared and features rolling topography, simplifying development efforts. The property's zoning allows for diverse projects, including residential construction, industrial buildings, or self-storage facilities. This presents a unique chance to capitalize on the growing Anderson area. While the property was previously used as a residence, it is currently being sold as commercial land. Note that probate proceedings are pending and will be finalized upon successful sale completion. The asking price for this strategically located parcel is $125,000. The address is 115 Cindy Drive, Anderson, SC 29624. This is a rare opportunity to acquire a sizable tract of land in a rapidly developing area. Don't miss out on this chance to build your vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6264179
    Latitude
    34.4542737

    Comparable in this City

    • $200,000
      5.50 Acres

      Anderson, SC Development Parcel

      Potential development parcel located in Anderson, South Carolina.
      00 Crescent Dr, Anderson, SC 29624
      View Details
    • $60,000
      0.57 Acres

      Commercial Land on High-Traffic Highway

      Commercial land on a high-traffic highway corner ready for development.
      28 Bypass/New Pond Rd, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Anderson, SC

      Buildable city lot in established neighborhood, convenient location.
      1105 W Franklin St, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.24 Acres

      Residential Lot in Anderson, SC

      Affordable in-town lot with development potential near downtown Anderson.
      406 Cleveland Ave, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Lot in Anderson, SC

      Residential lot in established neighborhood with convenient access to amenities.
      720 Gary St, Anderson, SC 29624
      View Details
    • Contact for pricing

      Commercial Land on Highway 28

      Over 1 acre retail site with high traffic count.
      Highway 28 Byp, Anderson, SC 29624
      View Details

    Similar Nearby for Sale

    • $200,000
      5.50 Acres

      Anderson, SC Development Parcel

      Potential development parcel located in Anderson, South Carolina.
      00 Crescent Dr, Anderson, SC 29624
      View Details
    • $60,000
      0.57 Acres

      Commercial Land on High-Traffic Highway

      Commercial land on a high-traffic highway corner ready for development.
      28 Bypass/New Pond Rd, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Anderson, SC

      Buildable city lot in established neighborhood, convenient location.
      1105 W Franklin St, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.24 Acres

      Residential Lot in Anderson, SC

      Affordable in-town lot with development potential near downtown Anderson.
      406 Cleveland Ave, Anderson, SC 29624
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Lot in Anderson, SC

      Residential lot in established neighborhood with convenient access to amenities.
      720 Gary St, Anderson, SC 29624
      View Details
    • Contact for pricing

      Commercial Land on Highway 28

      Over 1 acre retail site with high traffic count.
      Highway 28 Byp, Anderson, SC 29624
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1 SF

      Land Available For Lease

      Land available for lease in Anderson, South Carolina.
      2510 West Whitner St, Anderson, SC 29624
      View Details
    • Contact for pricing

      Renovated Retail Space Available

      Renovated retail building with frontage and open space.
      1012 E Shockley Ferry Rd, Anderson, SC 29624
      View Details
    • $4 SF/Yr

      Retail Spaces Available For Lease

      Retail spaces for lease at 505-511 Sayre Street.
      505-511 Sayre St, Anderson, SC 29624
      View Details
    • $1,300 /Mo

      Renovated Office Building For Rent

      Renovated office building with versatile space for rent.
      1311 South Murray Avenue Ext, Anderson, SC 29624
      View Details
    • $5,000 /Mo

      Downtown Anderson Retail Space Available

      Retail space available for lease in downtown Anderson, SC.
      151 E Church St, Anderson, SC 29624
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for lease, approximately 1,200 square feet.
      3003 S Main Street Ext, Anderson, SC 29624
      View Details
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    115 Cindy Dr
    Anderson, SC 29624
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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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