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    1901 Emerald Rd Greenwood, SC 29646
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    1901 Emerald Rd Greenwood, SC 29646

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    • Industrial land
    For Sale
    $1,776,000
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    Greenwood Industrial Site Opportunity For Sale
    $1,776,000
    1,142.20 Acres

    Greenwood Industrial Site Opportunity

    1142.2 AC industrial site in Greenwood County.

    1901 Emerald Rd, Greenwood, SC 29646
    View Listing
    Property ID
    US77-1628396
    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

    • Industrial land

    Property Details for 1901 Emerald Rd

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    The Emerald Industrial site is situated in Greenwood’s industrial hub, surrounded by many manufacturers, including: Tejin, FujiFilm, Velux, Ascend, Eaton, Cardinal Health and Lonza. Located in an Opportunity Zone. Potential State and County tax incentives available. Large Tract Development Opportunity - Includes 4 sites totaling 1,142.2 AC in Greenwood County. Other available properties include: Greenwood Airport Commerce Park (636.55 AC) Puckett Ferry Rail Site (118.07 AC with rail access) Greenwood East Rail Park (298.80 AC with rail access)

    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
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.0573231
    Latitude
    34.2252117

    Comparable in this City

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      Greenwood Commercial Land For Sale

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      Income-Producing Car Wash with Vacant Lot

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      Greenwood Commercial Land For Sale

      2.08 acre commercial lot with road frontage on three sides.
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      Kitson Mill Multifamily Development Site

      14.5-acre site for 296-unit multifamily development in Greenwood, SC.
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      Commercial Land in Greenwood, SC

      1.1 acre commercial land with utilities available.
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    Similar Nearby for Sale

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      Industrial Land Near Downtown Greenwood

      54 acres of industrial land minutes from Downtown Greenwood.
      215 Chalmers Park Rd, Greenwood, SC 29646
      View Details
    • $300,000
      4.11 Acres

      Greenwood Commercial Land For Sale

      4.11 acre commercial lot at a signalized corner.
      4 Business, 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
    • $290,000
      2.08 Acres

      Greenwood Commercial Land For Sale

      2.08 acre commercial lot with road frontage on three sides.
      1429 Main St, Greenwood, SC 29646
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    • Contact for pricing

      Kitson Mill Multifamily Development Site

      14.5-acre site for 296-unit multifamily development in Greenwood, SC.
      700 Kitson St, Greenwood, SC 29646
      View Details
    • $249,900
      1.10 Acres

      Commercial Land in Greenwood, SC

      1.1 acre commercial land with utilities available.
      1519 Montague Ave. Ext, Greenwood, SC 29646
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Walmart

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      Industrial Building in Greenwood, SC

      37,800 SF industrial building for lease in Greenwood.
      111 Commerce Cir E, Greenwood, SC 29646
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      Retail Space Anchored by Walmart

      Retail space available in Greenwood, South Carolina, anchored by Walmart.
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      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
    View Listing
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    Greenwood, SC 29646
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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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    1901 Emerald Rd, Greenwood, SC, 29646
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