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

    2402 Hwy 72nd 221st E Greenwood, SC 29649-9722

    • Warehouses
    • 5,760 SF
    OFF-MARKET
    Last Sale
    May 12, 2021
    $715,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    6.1%
    Warehouses
    Location Intelligence
    Property ID
    US77-1562638
    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

    • United Rentals / (Bike/Boat/Book/etc) Store / Rental Equipment Company

    Property Details for 2402 Hwy 72nd 221st E

    Year built
    2001
    Property size
    5,760 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    6867-239-143
    APU
    6867239143

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $710,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $970,000
      OFFICE BUILDING
      $440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.117
    Latitude
    34.2234
    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
    $14,154
    $0.00
    $0.00
    $42,000
    -
    $220,000
    $480,000
    $700,000

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      1704 Mathis Rd

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      1704 Mathis Rd, Greenwood, SC 29649-9054
      View Details
    • Value Estimation
      $995,000
      65,811 SF

      905 Coleman Dr

      MINI-WAREHOUSE, STORAGE • 65,811 SF
      905 Coleman Dr, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      3,686 SF

      1648 Rivers St

      MINI-WAREHOUSE, STORAGE • 3,686 SF
      1648 Rivers St, Greenwood, SC 29649-8513
      View Details
    • Value Estimation by Request
      5,000 SF

      1620 Rivers St

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      1620 Rivers St, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      10,500 SF

      Dixie Dr

      MINI-WAREHOUSE, STORAGE • 10,500 SF
      Dixie Dr, Greenwood, SC 29649
      View Details
    • Value Estimation by Request
      6,380 SF

      3218 Hwy 72nd 221st E

      MINI-WAREHOUSE, STORAGE • 6,380 SF
      3218 Hwy 72nd 221st E, Greenwood, SC 29649-9771
      View Details

    Similar Nearby for Sale

    • $395,000
      10,000 SF

      Greenwood Commercial Building with Warehouse

      Office, showroom, and warehouse on a large corner lot.
      1201 Cambridge Ave, Greenwood, SC 29649
      View Details
    • $8,366,400
      298.80 Acres

      Greenwood Rail Park Land - SC

      Prime 298.8-acre industrial site, rail access.
      0 Old Brickyard 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
    • $9,229,975
      636.55 Acres

      Greenwood Airport Commerce Park

      636-Acre Development Tract, SC
      3000 Old Laurens Rd, 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
    • $1,945,584

      Greenwood Industrial Land - 73 Acres

      Prime Greenwood SC industrial land, highway frontage, rail access.
      2707 Highway 72 221, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • 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
    • 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
      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
    • Contact for pricing
      251,958 SF

      Greenwood County Warehouse For Lease

      Massive warehouse, 251,958 SF, 203 acres.
      103 Spray Shed Rd, Greenwood, SC 29649
      View Details
    • $4 SF/Yr
      53,900 SF

      Mixed-Use Building with Upgrades

      53,900 SF building with office, retail, and warehouse space.
      1405 Bypass 72 NE, Greenwood, SC 29649
      View Details
    • Contact for pricing
      380,484 SF

      Industrial Space with High Ceilings

      Manufacturing space featuring 14 dock doors and high ceilings.
      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.
    2402 Hwy 72nd 221st E
    Greenwood, SC 29649-9722
    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.