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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1208 Old Norris Rd Liberty, SC 29657

    • Manufacturing properties
    • 102,918 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1447106
    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.

    Current Use by Public Records

    • Velvet Drive / Industrial Manufacturer / Production Facility

    Property Details for 1208 Old Norris Rd

    Construction
    WOOD FRAME
    Property size
    102,918 SF
    Property type
    Manufacturing properties
    APN
    4087-00-14-3754
    APU
    408700143754

    Description

    This exceptional investment opportunity presents a substantial 182,508-square-foot light manufacturing building situated on a generous 27.47-acre lot in Liberty, South Carolina. The property, located at 1208 Old Norris Rd, is classified as Class B and zoned for Industrial Light Manufacturing. The building boasts significant features including approximately 12,166 square feet of office space, four exterior truck doors, one interior truck dock well, and two drive-in doors. Ample parking is provided with 207 spaces. The building offers approximately 18'-22' clear heights and is 98% air-conditioned. A long-term tenant currently occupies the building, having been in place for approximately 60 years. The existing lease expires on March 31, 2029, with a single ten-year renewal option available. This property represents a compelling investment prospect due to its size, features, existing tenancy, and strategic location in Pickens County, SC, zip code 29657. The property's substantial size and established tenancy make it an attractive option for investors seeking a stable, long-term income stream. The ample acreage also allows for potential future expansion or development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,691,000
      Market price range: $1.10M - $5.63M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,690,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.7271
    Latitude
    34.7755
    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
    2024
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,570,000
      61,236 SF

      740 Cartee Rd

      MANUFACTURING (LIGHT) • 61,236 SF
      740 Cartee Rd, Liberty, SC 29657-4303
      View Details
    • Value Estimation by Request
      6.54 Acres

      176 Pinedale Rd

      MANUFACTURING (LIGHT) • 6.54 Acres
      176 Pinedale Rd, Liberty, SC 29657-9009
      View Details
    • Value Estimation by Request
      17.41 Acres

      2249 Old Liberty Rd

      MANUFACTURING (LIGHT) • 17.41 Acres
      2249 Old Liberty Rd, Liberty, SC 29657-8965
      View Details
    • Value Estimation
      $815,000
      122,401 SF

      98 Beattie St

      MANUFACTURING (LIGHT) • 122,401 SF
      98 Beattie St, Liberty, SC 29657-1436
      View Details
    • Value Estimation by Request
      13,000 SF

      600 Maplecroft St

      MANUFACTURING (LIGHT) • 13,000 SF
      600 Maplecroft St, Liberty, SC 29657
      View Details
    • Value Estimation by Request
      14.00 Acres

      1230 Old Norris Rd

      MANUFACTURING (LIGHT) • 14.00 Acres
      1230 Old Norris Rd, Liberty, SC 29657-3508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      182,508 SF

      Industrial Building with Long-Term Tenant

      182,508 SF light manufacturing building with long-term tenant.
      1208 Old Norris Rd, Liberty, SC 29657
      View Details
    • Contact for pricing
      182,508 SF

      Liberty, SC Industrial Property

      182,508 SF Manufacturing Building - Investment Opportunity
      1208 Old Norris Rd, Liberty, SC 29657
      View Details
    • $120,000
      1,800 SF

      Downtown Liberty Restaurant Space

      Prime Retail Location, $120,000
      25 Commerce St, Liberty, SC 29657
      View Details
    • $699,000

      32-Acre Parcel in Liberty, SC

      32-acre parcel suitable for estate living or residential development.
      504 Pinedale Rd, Liberty, SC 29657
      View Details
    • $174,950
      5.66 Acres

      Land in Liberty, South Carolina

      5.66 acres of land with mature trees.
      Mill Pine Rd, Liberty, SC 29657
      View Details
    • $59,000
      Pending

      Liberty, SC Land Parcel

      0.74-acre lot with sweeping views and gentle grade.
      405 Stewart Gin Rd, Liberty, SC 29657
      View Details
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    1208 Old Norris Rd
    Liberty, SC 29657
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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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