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    303 Main St Pickens, SC 29671-2319

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    Property profile & analytics

    303 Main St Pickens, SC 29671-2319

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    • Office buildings
    • 4,140 SF
    Off-Market
    Property ID
    US77-0847382
    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
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 303 Main St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    4,140 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    4181-16-84-1321
    APU
    418116841321

    Description

    This exceptional 4,140 square foot, two-story mixed-use building, located at 303 E Main St in Pickens, South Carolina, presents a unique redevelopment opportunity. Currently zoned commercial, this Class B property boasts a rich history, having been built in 1940 and renovated in 2012. The building features two units across its two stories, offering versatile space ideal for a variety of uses. Envision a vibrant retail or restaurant space on the ground floor, complemented by apartments or office space upstairs. The asking price is $350,000, translating to $84.54 per square foot. With a net rentable area of 4,140 square feet, this property offers significant potential for return on investment. The property is currently occupied, but the tenant will vacate by the end of 2024, allowing for immediate redevelopment plans to commence. The anticipated occupancy date for new tenants is January 1, 2025. Located in the heart of downtown Pickens, this property benefits from its prime location and potential access to city tax incentives. The property's APN is 4181-16-84-1321. This is a chance to shape the future of downtown Pickens and create a thriving commercial space. Don't miss this chance to acquire a piece of Pickens' history and revitalize it for the future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $581,000
      Market price range: $408k - $910k
      AI Estimate
      $600,000
      Market price range: $410k - $962k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $580,000
      Current use
      MEDICAL BUILDING
      $745,000
      Change: +28% Conversion: Easy
      COMMERCIAL (GENERAL)
      $510,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pickens
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.7067
    Latitude
    34.8842
    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
    $0.00
    $0.00
    $0.00
    -
    $26,000
    $228,500
    $254,500

    Comparable in this City

    • Value Estimation by Request
      456 SF

      133 Main St

      OFFICE BUILDING • 456 SF
      133 Main St, Pickens, SC 29671-2220
      View Details
    • Value Estimation by Request
      1,514 SF

      2432 Gentry Memorial Hwy

      OFFICE BUILDING • 1,514 SF
      2432 Gentry Memorial Hwy, Pickens, SC 29671-9424
      View Details
    • Value Estimation
      $780,000
      5,468 SF

      114 Lewis St

      OFFICE BUILDING • 5,468 SF
      114 Lewis St, Pickens, SC 29671-2447
      View Details
    • Value Estimation by Request
      2,100 SF

      318 Main St

      OFFICE BUILDING • 2,100 SF
      318 Main St, Pickens, SC 29671-2385
      View Details
    • Value Estimation
      $850,000
      10,000 SF

      208 Garvin St

      OFFICE BUILDING • 10,000 SF
      208 Garvin St, Pickens, SC 29671-2416
      View Details
    • Value Estimation by Request
      1,069 SF

      112 Cha Ru Dr

      OFFICE BUILDING • 1,069 SF
      112 Cha Ru Dr, Pickens, SC 29671-8212
      View Details

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      Commercial Office Building Investment Opportunity

      Commercial office building near Pickens County Court House for sale.
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      Vacant Land Parcels For Sale

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      Downtown Pickens Commercial Gem

      Prime location, versatile space, renovation underway.
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      1,456 SF

      Restaurant on Farrs Bridge Road

      Restaurant with all FF&E included on 1.085 acres.
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    Similar Nearby for Lease

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      Retail Space in Pickens, SC

      Retail spaces available within a shopping center.
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    Pickens, SC 29671-2319
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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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