Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1611 Byp 72nd NE Greenwood, SC 29649-1606
    Back to Search
    Property profile & analytics

    1611 Byp 72nd NE, Greenwood, SC 29649-1606

    View on Map
    • Retail space
    • 8,052 SF
    • 0.56 lot acres
    Off-Market
    Last Sale May 5, 2025
    $975,150
    Property ID
    US77-1554522
    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
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1611 Byp 72nd NE

    Year built
    2009
    Lot size
    0.56 lot acres
    Property type
    Retail space
    APN
    6846-962-875
    APU
    6846962875

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $647,000
      Market price range: $178k - $648k
      AI Estimate
      $647,000
      Market price range: $178k - $648k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $620,000
      COMMERCIAL (GENERAL)
      $570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1591
    Latitude
    34.2157
    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
    $24,313
    $0.00
    $0.00
    $53,920
    -
    $243,900
    $654,800
    $898,700

    Comparable in this City

    • Value Estimation by Request
      9,334 SF

      150 Airport Industrial Park

      RETAIL STORES (PERSONAL SERVICES)
      150 Airport Industrial Park, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      1,428 SF

      1011 Byp 25th NE

      RETAIL STORES (PERSONAL SERVICES)
      1011 Byp 25th NE, Greenwood, SC 29649-2903
      View Details
    • Value Estimation
      $815,000
      14,000 SF

      1420 Montague Ave Ext

      RETAIL STORES (PERSONAL SERVICES)
      1420 Montague Ave Ext, Greenwood, SC 29649-9115
      View Details
    • Value Estimation by Request
      1,319 SF

      630 Pearl St

      RETAIL STORES (PERSONAL SERVICES)
      630 Pearl St, Greenwood, SC 29649-2728
      View Details
    • Value Estimation by Request
      6,834 SF

      1115 Reynolds Ave

      RETAIL STORES (PERSONAL SERVICES)
      1115 Reynolds Ave, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      6,900 SF

      1147 Reynolds Ave

      RETAIL STORES (PERSONAL SERVICES)
      1147 Reynolds Ave, Greenwood, SC 29649-2737
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,724 SF

      Retail Investment Property For Sale

      Retail property in a dense retail corridor, absolute net lease.
      516 Montague Ave, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Commercial Land Near Shopping Center

      0.89 AC commercial land suitable for retail or restaurant.
      Montague Avenue Ext, Greenwood, SC 29649
      View Details
    • $395,000
      10,000 SF

      Greenwood Commercial Building For Sale

      Office, showroom, and warehouse space in a prime location.
      1201 E Cambridge Ave, Greenwood, SC 29649
      View Details
    • $400,000
      4,753 SF

      Uptown Greenwood Mixed-Use Opportunity

      Iconic mixed-use property in vibrant Uptown Greenwood, South Carolina.
      204 Main St, Greenwood, SC 29649
      View Details
    • Contact for pricing
      8,483 SF

      Restaurant Space with Patio

      Second-generation restaurant space with patio in prime location.
      529 Bypass 72 NW, Greenwood, SC 29649
      View Details
    • Contact for pricing
      4,320 SF

      Retail Building on Crosscreek Connector

      Retail building on one acre with expansion potential.
      167 Crosscreek Connector, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Piedmont Plaza

      Retail space available in a busy shopping center.
      1306-1360 Bypass 72 NE, Greenwood, SC 29649
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space on High-Traffic Corner

      Retail space available in Greenwood, SC with high visibility.
      222-254 Bypass 72 NW, Greenwood, SC 29649
      View Details
    • Contact for pricing
      53,900 SF

      Mixed-Use Building with Upgrades

      53,900 SF building with office, retail, and warehouse space.
      1405 Bypass 72 NE, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Retail Space in Greenwood, SC

      Retail space available in a high-traffic shopping center.
      3353 Highway 72 221 E, Greenwood, SC 29649
      View Details
    • Contact for pricing
      7,256 SF

      Restaurant Opportunity in Greenwood, SC

      7,256 SF restaurant space with tenant improvements on 2.11 acres.
      452 Bypass 72 NW, Greenwood, SC 29649
      View Details
    • Contact for pricing
      59,870 SF

      Greenwood Specialty Property for Rent

      59,870 SF specialty property available for rent in Greenwood.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      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.
    1611 Byp 72nd NE
    Greenwood, SC 29649-1606
    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

    Thank You for Inquiry
    1611 Byp 72nd NE, Greenwood, SC, 29649
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!