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

    2345 Hwy 72nd 221st E Greenwood, SC 29649-9724

    • Schools
    • 36,200 SF
    • 10.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1528976
    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

    • Schools

    Property Details for 2345 Hwy 72nd 221st E

    Lot size
    10.40 lot acres
    Property size
    36,200 SF
    Property type
    Schools
    APN
    6867-124-116
    APU
    6867124116

    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
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1208
    Latitude
    34.2227
    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
    $247
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11.79 Acres

      Deadfall W Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 11.79 Acres
      Deadfall W Rd, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      4,856 SF

      1024 Cambridge W Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 4,856 SF
      1024 Cambridge W Ave, Greenwood, SC 29649-1802
      View Details
    • Value Estimation by Request
      3,443 SF

      2026 Woodlawn Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,443 SF
      2026 Woodlawn Rd, Greenwood, SC 29649-8542
      View Details
    • Value Estimation by Request
      64,500 SF

      601 Northside E Dr

      COLLEGE, UNIVERSITY, VOC SCHOOL • 64,500 SF
      601 Northside E Dr, Greenwood, SC 29649-9230
      View Details
    • Value Estimation by Request
      3,539 SF

      511 Willson St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,539 SF
      511 Willson St, Greenwood, SC 29649-1553
      View Details
    • Value Estimation by Request
      6,400 SF

      412 Wingert Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 6,400 SF
      412 Wingert Rd, Greenwood, SC 29649-9665
      View Details

    Similar Nearby for Sale

    • $9,229,975
      636.55 Acres

      Greenwood Airport Commerce Park

      636-Acre Development Tract, SC
      3000 Old Laurens Rd, Greenwood, SC 29649
      View Details
    • $3,256,400
      116.30 Acres

      Greenwood Rail Site Development

      116 Acres, Rail Access, Opportunity Zone
      308 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • $495,000
      1,800 SF

      Fine Dining Restaurant

      Fine Dining Restaurant in Greenwood, SC
      114 Old Abbeville Hwy, Greenwood, SC 29649
      View Details
    • Contact for pricing
      243,350 SF

      Industrial Facility in Thriving Corridor

      243,350 SF industrial facility in Greenwood, South Carolina.
      161 Rock Church Rd SE, Greenwood, SC 29649
      View Details
    • $650,000
      4,465 SF

      Greenwood Commercial Property For Sale

      Commercial property in Greenwood, SC with high visibility and traffic.
      106 Old Abbeville Hwy, Greenwood, SC 29649
      View Details
    • $116,600
      0.04 Acres

      Residential Lot with Boat Slip

      Unimproved lot with boat slip near Lake Greenwood.
      105 Cottage Ln, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Greenwood Commercial Land For Rent

      1.67 acre commercial land parcel in Greenwood, South Carolina.
      Greenwood, SC 29649
      View Details
    • Contact for pricing
      122,610 SF

      Greenwood Warehouse Space Available

      122,610 SF warehouse space for lease in Greenwood, SC.
      201 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • $12 SF/Yr
      3,200 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
      59,870 SF

      Greenwood County Warehouse For Lease

      Large warehouse, 59,870 SF, 21.95 acres.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      512,496 SF

      Prime Greenwood County Warehouse

      Massive warehouse, ideal for large-scale operations.
      401 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.
    2345 Hwy 72nd 221st E
    Greenwood, SC 29649-9724
    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.