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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    236 Persimmon Dr Saluda, SC 29138

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2088256
    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

    • Residential income homes

    Property Details for 236 Persimmon Dr

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a three-family home located at 236 Persimmon Drive in Saluda, South Carolina, 29138. Priced affordably at $37,000, this property offers significant potential for rental income generation. The property is classified as a single-family rental portfolio and consists of a single-family residence, ideal for generating consistent cash flow. Situated in Saluda County, this property benefits from a convenient location within the charming town of Saluda, SC. The precise geographic coordinates are latitude 33.9270367 and longitude -81.7964678. This represents a unique chance to acquire a turnkey investment property in a desirable South Carolina location. The property's classification as "Special Purpose" suggests a unique investment opportunity that may not be readily available elsewhere. Further due diligence is recommended to fully assess the potential rental income and associated expenses. This property is being offered as-is, and potential buyers are encouraged to conduct thorough inspections before making an offer. The asking price reflects the current market conditions and the property's potential for future appreciation. This is a rare opportunity to acquire a well-positioned rental property in a growing market. Don't miss out on this chance to add a valuable asset to your investment portfolio.

    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
    Saluda
    County
    Saluda
    State
    South Carolina
    Longitude
    -81.7964678
    Latitude
    33.9270367

    Comparable in this City

    • $1,500,000
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      Saluda, SC: 25 Acres Mixed-Use

      Prime Saluda land, water/sewer, mixed-use potential.
      502 Batesburg Hwy, Saluda, SC 29138
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    • $102,200
      7.30 Acres

      Saluda Homesite in Fruit Hill

      Unrestricted 7.3 acre homesite near Tin Roof Farms Venue.
      Fruit Hill Rd, Saluda, SC 29138
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    • $134,400
      9.60 Acres

      9.6 Acres in Fruit Hill

      9.6 acre homesite with road frontage in Fruit Hill community.
      Fruit Hill Rd, Saluda, SC 29138
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    • $225,000
      32.00 Acres

      Unrestricted Land Ideal for Farming

      32 acres of unrestricted land perfect for a mini farm.
      Shiloh Rd, Saluda, SC 29138
      View Details
    • $150,000
      20.00 Acres

      Unrestricted Land Ideal for Farming

      20-acre unrestricted land perfect for a mini farm.
      Shiloh Rd, Saluda, SC 29138
      View Details
    • New
      $462,400
      57.80 Acres

      Versatile Land Near Saluda, SC

      57.8 acres with timber, pasture, and recreational potential.
      00 High Point Rd, Saluda, SC 29138
      View Details

    Similar Nearby for Sale

    • $1,500,000
      25.40 Acres

      Saluda, SC: 25 Acres Mixed-Use

      Prime Saluda land, water/sewer, mixed-use potential.
      502 Batesburg Hwy, Saluda, SC 29138
      View Details
    • $102,200
      7.30 Acres

      Saluda Homesite in Fruit Hill

      Unrestricted 7.3 acre homesite near Tin Roof Farms Venue.
      Fruit Hill Rd, Saluda, SC 29138
      View Details
    • $134,400
      9.60 Acres

      9.6 Acres in Fruit Hill

      9.6 acre homesite with road frontage in Fruit Hill community.
      Fruit Hill Rd, Saluda, SC 29138
      View Details
    • $336,000
      48.00 Acres

      Saluda, SC Residential Acreage

      48 acres of open land in Saluda, South Carolina.
      6163 Fruit Hill Rd, Saluda, SC 29138
      View Details
    • $1,208,793
      166.73 Acres

      Large Acreage Land in Saluda, SC

      167 acres of farming and timber land near Batesburg-Leesville.
      1-6 Irving Rd, Saluda, SC 29138
      View Details
    • $139,400
      17.00 Acres

      Unrestricted Land with Creek Frontage

      17 acres of cleared, unrestricted land with creek frontage.
      Ebb Mack Rd, Saluda, SC 29138
      View Details
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    236 Persimmon Dr
    Saluda, SC 29138
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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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