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    175 Old Henderson Road Central, SC 29630
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    175 Old Henderson Road Central, SC 29630

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    • Residential land & home lots

    Property Details for 175 Old Henderson Road

    Property type
    Residential land & home lots

    Description

    12 Mile River is a wooded property near Clemson University with significant frontage on the Twelve Mile River, just 40 minutes from Greenville. Accessible via Old Henderson Road, it offers multiple construction sites for residences, cabins, or RV camps, with power and internet available. The land is ideal for recreation, featuring excellent hunting and beautiful waterways with small waterfalls. It lies within the Twelve Mile Blueway, providing kayaking access to Class II and III rapids. The location offers proximity to outdoor activities and public lands, with Clemson and downtown Greenville nearby. Note: There are FEMA Flood Zone areas along the Twelve Mile River and an adjacent landfill containing sediment from dredging the Twelve Mile River. The adjacent Tract 1 is also available: 66 acres with additional river frontage. Location Description ± 20 minutes to Clemson, SC ± 30 minutes to Lake Hartwell ± 30 minutes to Lake Keowee ± 40 minutes to Greenville, SC

    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
    Central
    County
    State
    South Carolina

    Comparable in this City

    • $49,900
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      Varnville Homesite with Utilities

      2.15-acre homesite with power, well, and mature trees.
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    • New
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      Residential Land in Central, SC

      Prime residential land near downtown Central and local schools.
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    • New
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      Residential Lot Near Downtown Central

      0.81-acre residential lot near downtown Central, South Carolina.
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    • $50,000
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      Residential Lot in Central, SC

      Cleared, level residential lot near downtown Central, SC.
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    • $134,900
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      Land in Central, SC

      Approximately 2.7-acre lot perfect for building a dream home.
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    • $50,000
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      Residential Lot in Central, SC

      Cleared, level corner lot near downtown Central and Central Academy.
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    Similar Nearby for Sale

    • $49,900
      2.15 Acres

      Varnville Homesite with Utilities

      2.15-acre homesite with power, well, and mature trees.
      117 Thelma Ln, Varnville, SC 29630
      View Details
    • New
      $48,900
      0.64 Acres

      Residential Land in Central, SC

      Prime residential land near downtown Central and local schools.
      113 Jessamine Dr, Central, SC 29630
      View Details
    • New
      $53,500
      0.81 Acres

      Residential Lot Near Downtown Central

      0.81-acre residential lot near downtown Central, South Carolina.
      Jesamine Dr, Central, SC 29630
      View Details
    • $50,000
      0.74 Acres

      Residential Lot in Central, SC

      Cleared, level residential lot near downtown Central, SC.
      110 Jessamine Dr, Central, SC 29630
      View Details
    • $134,900
      2.70 Acres

      Land in Central, SC

      Approximately 2.7-acre lot perfect for building a dream home.
      Pinecrest Ct, Central, SC 29630
      View Details
    • $50,000
      0.74 Acres

      Residential Lot in Central, SC

      Cleared, level corner lot near downtown Central and Central Academy.
      110 Jessamine Dr, Central, SC 29630
      View Details
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    Central, SC 29630
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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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