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    250 Union High Dr Belton, SC 29627

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    250 Union High Dr Belton, SC 29627

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    • Office buildings
    • 21.93 lot acres
    For Lease
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    Former Union High School Available For Lease
    Contact for pricing

    Former Union High School Available

    Former Union High School available for lease in Belton, SC.

    250 Union High Dr, Belton, SC 29627
    View Listing
    Property ID
    US77-1958218
    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

    • Rocky River Baptist Residential / Nursing Home / Retirement Community

    Property Details for 250 Union High Dr

    Year built
    1990
    Lot size
    21.93 lot acres
    Property type
    Office buildings
    APN
    226-15-01-001
    APU
    2261501001

    Description

    This exceptional 20-acre parcel presents a remarkable development opportunity in Belton, South Carolina. Located at 250 Union High Dr, 29627, this expansive site boasts excellent visibility due to its frontage on several public roads. The land is cleared and features flat to gently sloping topography, making it ideal for a variety of commercial, industrial, or residential projects. The property's versatility allows for potential subdivision to accommodate multiple tenants, offering flexibility for diverse development plans. This prime location offers significant advantages for businesses seeking high visibility and convenient access. Importantly, this listing specifically excludes two existing buildings and any shelter structures located on the property

    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
    Belton
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.5164
    Latitude
    34.5129
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, SC METROPOLITAN 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
    $0.00
    $4,610
    $34,290
    $38,900
    -
    $0.00
    $0.00
    $648,260

    Comparable in this City

    • Value Estimation by Request
      740 SF

      703 Anderson St

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    • Value Estimation
      $2,025,000
      7,723 SF

      121 Sherard Rd

      OFFICE BUILDING • 7,723 SF
      121 Sherard Rd, Belton, SC 29627-8638
      View Details
    • Value Estimation by Request
      3,240 SF

      Belton, SC 29627

      OFFICE BUILDING • 3,240 SF
      Belton, SC 29627
      View Details
    • Value Estimation by Request
      1,698 SF

      Hwy 76

      OFFICE BUILDING • 1,698 SF
      Hwy 76, Belton, SC 29627
      View Details
    • Value Estimation
      $905,000
      3,198 SF

      715 Anderson St

      OFFICE BUILDING • 3,198 SF
      715 Anderson St, Belton, SC 29627-2101
      View Details
    • Value Estimation by Request
      3,005 SF

      205 Breazeale St

      OFFICE BUILDING • 3,005 SF
      205 Breazeale St, Belton, SC 29627
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Former Union High School Available

      Former Union High School available for lease in Belton, SC.
      250 Union High Dr, Belton, SC 29627
      View Details
    • Contact for pricing

      Retail Spaces Available For Lease

      Retail spaces available for lease at 605 S Main St.
      605 S Main St, Belton, SC 29627
      View Details
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      7,850 SF

      Former Retail Space in Belton

      Former Family Dollar retail space available for lease.
      607 S Main St, Belton, SC 29627
      View Details
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      Belton Retail/Office Suites Available

      Multi-tenant strip center with retail/office suites for lease.
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    • $12 SF/Yr
      6,700 SF

      Belton Assisted Living Facility

      Rare 6,700 SF Assisted Living
      250 Union High Dr, Belton, SC 29627
      View Details
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    Belton, SC 29627
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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.

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    250 Union High Dr, Belton, SC, 29627

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