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    11931 Asheville Hwy Inman, SC 29349
    Property profile & analytics

    11931 Asheville Hwy Inman, SC 29349

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    • Commercial real estate
    • 2.47 lot acres
    For Sale
    $1,200,000
    View Listing →
    Prime Commercial Land Available For Sale
    $1,200,000
    2.40 Acres

    Prime Commercial Land Available

    2.4+/- acres with easy access and fantastic location.

    11931 Asheville Hwy, Inman, SC 29349
    View Listing
    Property ID
    US77-0707352
    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 11931 Asheville Hwy

    Lot size
    2.47 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.47-acre commercial land parcel presents a prime retail investment opportunity in Inman, South Carolina. Located at 11931 Asheville Highway (also known as 176 Asheville Hwy), this level lot boasts unparalleled visibility and accessibility due to its strategic position on a major thoroughfare. The property enjoys a high volume of traffic flow in both directions, ensuring maximum exposure for any commercial development. Its advantageous location is further enhanced by its proximity to established businesses, including a Burger King immediately adjacent and a Zaxby's directly across the street. This ensures a strong existing customer base and high foot traffic. All necessary utilities and amenities are readily available, simplifying the development process. The asking price for this exceptional property is $1,250,000. This represents a significant opportunity to capitalize on the thriving commercial landscape of Inman, offering substantial potential for return on investment. The property's size and location make it ideal for a variety of retail uses. The lot's level topography simplifies construction and minimizes site preparation costs. This is a rare opportunity to acquire a high-visibility, well-located commercial lot in a rapidly growing area. Don't miss out on this chance to secure a prime piece of Inman real estate.

    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
    Inman
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0887599
    Latitude
    35.041115

    Comparable in this City

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      Inman Commercial Property For Sale

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    • $1,200,000
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      70 Acres of Recreational Land

      70 acres of land for hunting and recreation in Inman.
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    • $149,900
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      Residential Lot Near Highway 9

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      Land with Creek Frontage

      Land with frontage on Old Burnett Rd, Thompson Creek, Adventure Creek.
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      Land For Sale In Inman

      Land available for sale in Inman, South Carolina.
      9710 Asheville Hwy, Inman, SC 29349
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      0.07 Acres

      Inman, SC Residential Lot

      Residential lot in the heart of Inman Mill Village.
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    Similar Nearby for Sale

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      Inman Commercial Property For Sale

      2.75 acre commercial property with 7,500 SF building.
      1385 Meadow Farm Rd, Inman, SC 29349
      View Details
    • $200,000
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      Inman Land Parcel For Sale

      Two combined parcels totaling 0.92 acres in Inman, South Carolina.
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      1,434 SF

      Restaurant Building on Corner Lot

      Restaurant building on a corner lot near downtown Inman.
      11630 Asheville Hwy, Inman, SC 29349
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    • $85,000
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      Residential Lot Near Lake Bowen

      Half-acre residential lot near Lake Bowen and I-26.
      1217 Riveroak Rd, Inman, SC 29349
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    • $99,500
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      Residential Lot Near Lake Cooley

      0.85-acre lot near Lake Cooley with renovation or building potential.
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    • New
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      11.36 Acres

      Inman SC Development Ready Acreage

      11 acre development-ready land near I-26 and Circle K.
      Highway 11, Inman, SC 29349
      View Details

    Similar Nearby for Lease

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      Downtown Inman Retail Gem

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      Inman Commercial Space For Lease

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      10471 Asheville Hwy, Inman, SC 29349
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      Asheville Highway Commercial Land

      Commercial land with high traffic and development potential.
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      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,500 SqFt.
      1149 Asheville Hwy, Inman, SC 29349
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      Industrial Building Near Amazon Center

      Industrial building for lease near major distribution hub.
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      1,600 SF

      Office Space For Lease

      Office space available for lease near Boiling Springs and Lake Bowen.
      7770 Highway 9, Inman, SC 29349
      View Details

    Property Visit Statistics

    • Visits by month
      10.3k
    • Visitors by month
      8.0k
    • Avg Time on site
      13 min
    View Listing
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    Inman, SC 29349
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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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