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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Puckett Ferry Rd Greenwood, SC 29649

    • Commercial real estate
    • 116.30 lot acres
    For Sale
    View listing
    $3,256,400
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1559651
    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

    • Commercial real estate

    Property Details for 308 Puckett Ferry Rd

    Lot size
    116.30 lot acres
    Property type
    Commercial real estate
    APN
    6877-946-745 and 6887-056-816

    Description

    This exceptional 116.3-acre commercial and industrial land parcel, identified by APN numbers 6877-946-745 and 6887-056-816, presents a significant development opportunity in Greenwood, South Carolina. Located at 308 Puckett Ferry Rd, zip code 29649 (34.240054, -82.059758), this property boasts direct rail access serviced by CSX Transportation, a key advantage for businesses requiring efficient freight transport. The site is strategically situated within Greenwood's established industrial corridor, surrounded by major manufacturing plants including Tejin, FujiFilm, Velux, Ascend, Eaton, Cardinal Health, and Lonza. This prime location offers excellent access to infrastructure and a skilled workforce. Further enhancing its appeal, this property is designated as an Opportunity Zone, providing potential tax advantages for investors. State and county tax incentives are also available, making this a compelling investment proposition. This listing represents a portion of a larger 1,229-acre portfolio of available properties in Greenwood County, including the Greenwood Airport Commerce Park, Greenwood East Rail Park, and Emerald Industrial Site. The asking price for this specific 116.3-acre parcel is $3,256,400. The permitted zoning is I-1/R-DD.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.059758
    Latitude
    34.240054

    Comparable in this City

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      Greenwood Rail Park Land - SC

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      Greenwood Commercial Lot with Building

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    • $1,945,584

      Greenwood Industrial Land - 73 Acres

      Prime Greenwood SC industrial land, highway frontage, rail access.
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      243,350 SF

      Industrial Facility in Thriving Corridor

      243,350 SF industrial facility in Greenwood, South Carolina.
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    • $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
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    Similar Nearby for Sale

    • $9,229,975
      636.55 Acres

      Greenwood Airport Commerce Park

      636-Acre Development Tract, SC
      3000 Old Laurens Rd, 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
    • $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
    • $495,000
      2.49 Acres

      Greenwood Commercial Lot with Building

      2.3 acre commercial lot with 2,335 SF building.
      1030 Byp, Greenwood, SC 29649
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    • 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
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    • $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

    Similar Nearby for Lease

    • 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
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    • Contact for pricing
      512,496 SF

      Prime Greenwood County Warehouse

      Massive warehouse, ideal for large-scale operations.
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      59,870 SF

      Greenwood County Warehouse For Lease

      Large warehouse, 59,870 SF, 21.95 acres.
      215 Puckett Ferry Rd, Greenwood, SC 29649
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    • 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
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    • 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
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    • $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
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    308 Puckett Ferry Rd
    Greenwood, SC 29649
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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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