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

    1224 Emerald Rd Greenwood, SC 29646-8836

    • Grocery and convenience stores
    • 1,888 SF
    OFF-MARKET
    Last Sale
    Jun 22, 2023
    $55,000
    Value Estimations
    $55,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1503031
    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

    • ChemStar Solutions LLC / Chemical Manufacturer / Chemical Wholesaler

    Property Details for 1224 Emerald Rd

    Year built
    1987
    Property size
    1,888 SF
    Property type
    Grocery and convenience stores
    APN
    6866-649-905
    APU
    6866649905

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $50,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $68,000
      Market price range: $68.1k - $289k
      AI Estimate
      $68,000
      Market price range: $68.1k - $289k

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1033
    Latitude
    34.217
    CBSA code
    24940
    CBSA name
    GREENWOOD, SC MICROPOLITAN 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
    $852
    $0.00
    $0.00
    $2,100
    -
    $30,000
    $5,000
    $35,000

    Comparable in this City

    • Value Estimation by Request
      1,040 SF

      515 Taggart Ave

      GROCERY, SUPERMARKET • 1,040 SF
      515 Taggart Ave, Greenwood, SC 29646-3317
      View Details
    • Value Estimation by Request
      3,601 SF

      1401 Main S St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,601 SF
      1401 Main S St, Greenwood, SC 29646-4003
      View Details
    • Value Estimation by Request
      1,686 SF

      1802 Main S St

      CONVENIENCE STORE (W/FUEL PUMP) • 1,686 SF
      1802 Main S St, Greenwood, SC 29646-4519
      View Details
    • Value Estimation by Request
      1,975 SF

      718 Chipley Ave

      GROCERY, SUPERMARKET • 1,975 SF
      718 Chipley Ave, Greenwood, SC 29646-2838
      View Details
    • Value Estimation by Request
      4,245 SF

      2550 Hwy 25th S

      CONVENIENCE STORE (W/FUEL PUMP) • 4,245 SF
      2550 Hwy 25th S, Greenwood, SC 29646-7849
      View Details
    • Value Estimation by Request
      1,325 SF

      1048 Main S St

      CONVENIENCE STORE (W/FUEL PUMP) • 1,325 SF
      1048 Main S St, Greenwood, SC 29646-3254
      View Details

    Similar Nearby for Sale

    • $5,462,000
      11,891 SF

      Greenwood, SC Retail Investment

      Corporate-guaranteed medical storefront, high NOI.
      311 Hampton Ave, Greenwood, SC 29646
      View Details
    • $750,000
      5,308 SF

      Uptown Greenwood Multi-Use Corner Building

      Three-level commercial building with retail, office, and storage space.
      202 Main St, Greenwood, SC 29646
      View Details
    • $1,860,000
      30,890 SF

      Greenwood SC Flex Space Investment

      $1.86M, 30,890 SF Flex Space, 65% Occupancy
      707 Bypass 25, Greenwood, SC 29646
      View Details
    • $449,000
      1.34 Acres

      Income-Producing Car Wash with Vacant Lot

      Established car wash with expansion potential in high-traffic location.
      2534 Highway 25 S, Greenwood, SC 29646
      View Details
    • $610,000
      4,118 SF

      Historic Grier Building Opportunity

      Prime downtown Greenwood real estate with optional turn-key restaurant business.
      327 Main St, Greenwood, SC 29646
      View Details
    • $999,000
      5,750 SF

      Updated Office with Storage Building

      Updated office attached to a 5,500 sqft storage building.
      425 Emerald Rd, Greenwood, SC 29646
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Anchored by Walmart

      Retail space available in Greenwood, South Carolina, anchored by Walmart.
      1413 Cambridge Ave E, Greenwood, SC 29646
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Two lots available for rent near Highway 221.
      1421 Cambridge Ave, Greenwood, SC 29646
      View Details
    • $4 SF/Yr
      169,395 SF

      Industrial Warehouse with Expansion Potential

      169395 SF warehouse with expansion and rail access.
      1401 Highway 246 S, Greenwood, SC 29646
      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.
    1224 Emerald Rd
    Greenwood, SC 29646-8836
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.