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    Property profile & analytics

    214 Fort Mill Hwy Indian Land, SC 29707

    • Commercial real estate
    • 3.60 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2027976
    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

    • Commercial real estate

    Property Details for 214 Fort Mill Hwy

    Lot size
    3.60 lot acres
    Property type
    Commercial real estate
    APN
    0008-00-003.00 and 0008-00-004.00

    Description

    This exceptional 3.6-acre commercial land parcel presents a remarkable investment opportunity in Indian Land, South Carolina, a rapidly growing area. Located at 214 Fort Mill Highway, this property boasts a highly desirable location, zoned GB (General Business), offering significant development potential. The land comprises two parcels, 0008-00-003.00 and 0008-00-004.00, each approximately 1.8 acres, providing flexibility for various commercial ventures. With over 200 feet of road frontage (approximately 208' x 783'), the property enjoys excellent visibility and accessibility. Its strategic position near Highway 521 and directly across from a Lowe's store ensures high traffic volume and strong consumer presence. Furthermore, the property sits in front of the Capital Club 313 apartment complex, benefiting from a substantial resident population. The surrounding area demonstrates robust economic indicators, with a daytime population within a 5-mile radius exceeding 90,927 and an average household income of $115,628. Currently, there are short-term tenants on the property with a 45-day notice period. This prime location and substantial acreage make this property an ideal investment for developers and entrepreneurs seeking a foothold in one of South Carolina's fastest-growing markets. The asking price is $2,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Land
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.8606175
    Latitude
    35.0016901

    Comparable in this City

    • $235,000
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      Five-Acre Homesite in Indian Land

      Wooded homesite in a private, convenient location.
      A1 Ander Vincent Rd, Indian Land, SC 29707
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    • $255,000
      5.40 Acres

      Land in Indian Land, SC

      5.4 acre wooded homesite in a peaceful setting.
      A2 Ander Vincent Rd, Indian Land, SC 29707
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    • $249,900

      Homesite Ready for New Construction

      1.28 acre homesite perked for a 5-bedroom septic system.
      0000 Henry Harris Rd, Fort Mill, SC 29707
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    • Contact for pricing

      Land in Growing Lancaster County

      Outparcels for sale in fast-growing Lancaster County community.
      9831 Barberville Rd, Indian Land, SC 29707
      View Details
    • $2,100,000
      30.00 Acres

      Expansive 30-Acre Land Parcel

      30-acre raw land parcel in Indian Land, South Carolina.
      Green Pond Rd, Indian Land, SC 29707
      View Details
    • New
      $425,000
      Pending

      3.12 Acres in Indian Land

      Wooded land near Fort Mill and Ballantyne for custom home.
      Tract B Strm Ln, Indian Land, SC 29707
      View Details

    Similar Nearby for Sale

    • $235,000
      5.00 Acres

      Five-Acre Homesite in Indian Land

      Wooded homesite in a private, convenient location.
      A1 Ander Vincent Rd, Indian Land, SC 29707
      View Details
    • $255,000
      5.40 Acres

      Land in Indian Land, SC

      5.4 acre wooded homesite in a peaceful setting.
      A2 Ander Vincent Rd, Indian Land, SC 29707
      View Details
    • $249,900

      Homesite Ready for New Construction

      1.28 acre homesite perked for a 5-bedroom septic system.
      0000 Henry Harris Rd, Fort Mill, SC 29707
      View Details
    • Contact for pricing

      Land in Growing Lancaster County

      Outparcels for sale in fast-growing Lancaster County community.
      9831 Barberville Rd, Indian Land, SC 29707
      View Details
    • $2,100,000
      30.00 Acres

      Expansive 30-Acre Land Parcel

      30-acre raw land parcel in Indian Land, South Carolina.
      Green Pond Rd, Indian Land, SC 29707
      View Details
    • New
      $425,000
      Pending

      3.12 Acres in Indian Land

      Wooded land near Fort Mill and Ballantyne for custom home.
      Tract B Strm Ln, Indian Land, SC 29707
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Lease Opportunity in Fort Mill

      Outparcels available for ground lease at future shopping center.
      7553 Charlotte Hwy, Fort Mill, SC 29707
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    • Contact for pricing
      12,500 SF

      ParkStone at Indian Land: Prime Retail Space

      High-profile retail & land, Indian Land.
      8004 Shelley Mullis Rd, Fort Mill, SC 29707
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      24,990 SF

      Rosemont Park Office Suites

      Fort Mill, SC Office Space Available
      1245 Rosemont Dr, Fort Mill, SC 29707
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    • Contact for pricing
      151,500 SF

      Fort Mill Office Space Available

      Class A Office Building, 3 Stories, Multiple Tenancies
      8106 Calvin Hall Rd, Fort Mill, SC 29707
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    • $28 SF/Yr
      2,820 SF

      Office Space in Fort Mill

      Office suites available in rapidly growing Lancaster County.
      1061 Red Ventures Dr, Fort Mill, SC 29707
      View Details
    • Contact for pricing
      17,400 SF

      Indian Land Retail Center

      Grocery-anchored spaces available now
      8918 Charlotte Hwy, Indian Land, SC 29707
      View Details
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    Indian Land, SC 29707
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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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