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    2594 Highway 76 E Marion, SC 29571
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    2594 Highway 76 E Marion, SC 29571

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    • Commercial land
    For Sale
    $350,000
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    Commercial Property in Marion For Sale
    $350,000

    Commercial Property in Marion

    2.5-acre commercial property with two homes, offering various uses.

    2594 E Hwy. 76, Marion, SC 29571
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    Property ID
    US77-2093881
    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 2594 Highway 76 E

    Year built
    1960
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Great commercial property in Marion. There are two homes on this 2.5 acre parcel that offer a variety of different uses. This property has tons of potential and plenty of room to grow.

    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
    Marion
    County
    Marion
    State
    South Carolina
    Longitude
    -79.461446
    Latitude
    34.177588

    Comparable in this City

    • Contact for pricing

      Commercial Land on Hwy 76

      0.45 acre commercial land with high visibility on Hwy 76.
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      Commercial Land on Hwy 76

      2.83 acres of commercial land for sale on Hwy 76.
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      Prime Marion Vet Facility

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      12,919 SF

      Marion SC Commercial Property

      Commercial property for sale in Marion, South Carolina.
      307 N Main St, Marion, SC 29571
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    • $250,000
      2,662 SF

      Downtown Marion Retail Opportunity

      Commercial retail space in downtown Marion with investment potential.
      516 N Main St, Marion, SC 29571
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    Similar Nearby for Sale

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      Commercial Land on Hwy 76

      0.45 acre commercial land with high visibility on Hwy 76.
      1900 Highway 76 E, Marion, SC 29571
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    • $100,000

      Commercial Land on Hwy 76

      2.83 acres of commercial land for sale on Hwy 76.
      4512 Highway 76, Marion, SC 29571
      View Details
    • $599,000
      13,000 SF

      Prime Marion Vet Facility

      13,000 SF Vet Clinic & Kennel
      2608 Highway 76, Marion, SC 29571
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    • Contact for pricing
      12,919 SF

      Marion SC Commercial Property

      Commercial property for sale in Marion, South Carolina.
      307 N Main St, Marion, SC 29571
      View Details
    • $250,000
      2,662 SF

      Downtown Marion Retail Opportunity

      Commercial retail space in downtown Marion with investment potential.
      516 N Main St, Marion, SC 29571
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    Similar Nearby for Lease

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      28,000 SF

      Retail Space For Lease

      28,000 SF retail space on 4.48 AC available.
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      21,120 SF

      Retail Space in Marion Plaza

      Retail space available in Marion Plaza Shopping Center.
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      Industrial Warehouse with Office Space

      Marion County warehouse with office, ideal for storage or manufacturing.
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    • $1,000 /Mo
      2,000 SF

      Office Space in Marion, SC

      Office space featuring a reception area, offices, and conference room.
      1450 E Northside Ave, Marion, SC 29571
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    View Listing
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    2594 Highway 76 E
    Marion, SC 29571
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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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