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    2383 Charlotte Hwy Lancaster, SC 29720
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    2383 Charlotte Hwy, Lancaster, SC 29720

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    • Commercial land
    For Sale
    $2,200,000
    View Listing →
    Prime Commercial Land on Charlotte Hwy For Sale
    $2,200,000
    15.55 Acres

    Prime Commercial Land on Charlotte Hwy

    15.55 acres of commercial land in a high-growth area.

    2383 Charlotte Hwy, Lancaster, SC 29720
    View Listing
    Property ID
    US77-1800630
    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

    • Commercial land

    Property Details for 2383 Charlotte Hwy

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    15.55 Acres of Prime Commercial Land – Charlotte Hwy/Hwy 521, Lancaster, SC Location, Visibility, and Opportunity – This 15.55-acre property is ideally positioned along Charlotte Hwy/Hwy 521 , one of Lancaster County’s fastest-growing corridors and a vital connection between South Carolina and North Carolina. Property Overview: Total Acreage: 15.55 acres (Two parcels: 8.88 acres + 6.67 acres) Zoning: General Business Road Frontage: 463 feet Traffic Count: 27,500+ vehicles per day Adjacent to: Lancaster Medical Park Surrounded by: New and upcoming residential developments Why This Location? This property is at the heart of massive residential growth, making it a high-potential site for retail, medical, mixed-use, or service-based businesses. Retail and/or Grocery chain would be optimal to meet the immediate demand. Nearby Developments: 1.3 miles from Lennar’s Roselyn Active Adult 55+ Community 1,475 acres | 1,800 homesites | Athletic & Community Center 0.5 miles from DR Horton’s 121-acre community (300+/- homesites) Future 150-acre residential development planned just east of the site 1.5 Miles North of Future 600 Home Development 470 Home Development less than a mile from site Convenient Access To: Hwy 9 Bypass & McWhirter Airfield – 4 miles MUSC Medical Center – 5 miles USC Lancaster Campus – 3 miles Flexible Opportunity Willing to consider dividing parcels and entertain offers with quick close . Letter of Intent (LOI) submissions welcomed. Contact Dawn Today Let’s talk possibilities and put this location to work for your vision! Did you know??? SC RANKS #7 FOR LOWEST PROPERTY TAXES. LANCASTER COUNTY, SC RANKS EVEN LOWER, JUST BEHIND #2, ALABAMA. ANOTHER REASON TO INVEST IN LANCASTER COUNTY. l Jordan | 10th Avenue Realty | 7 04.770.6825 .

    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
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.788622
    Latitude
    34.773669

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      Lancaster Land with Dual Rail

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      Commercial land available in Lancaster, South Carolina.
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      Commercial Land at Busy Intersection

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      Lancaster Commercial Land For Sale

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      Retail Space Near Major Intersection

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      Main Street Commercial Space Available

      Versatile commercial space in downtown Lancaster with high visibility.
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      114 E Gay St, Lancaster, SC 29720

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      Retail Space in Lancaster, SC

      Retail spaces available in Walmart-anchored community center.
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      Retail Space in Lancaster Center

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    Lancaster, SC 29720
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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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