Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    408 En 1st St Seneca, SC 29678-2742

    • Drug stores
    • 1,628 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Dec 17, 2024
    $135,000
    Value Estimations
    $135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0621955
    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

    • Drug stores

    Property Details for 408 En 1st St

    Year built
    1975
    Lot size
    0.46 lot acres
    Property size
    1,628 SF
    Property type
    Drug stores
    APN
    520-29-12-005
    APU
    5202912005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $135,000
      ML approach
      $135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $198,000
      Market price range: $74.2k - $199k
      AI Estimate
      $126,000
      Market price range: $22.1k - $135k

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

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.949
    Latitude
    34.6857
    CBSA code
    42860
    CBSA name
    SENECA, 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
    0
    $0.00
    $1,380
    $3,851
    $5,231
    -
    $34,500
    $96,280
    $130,780

    Comparable in this City

    • Value Estimation by Request
      14,328 SF

      Seneca, SC 29678

      DRUG STORE, PHARMACY • 14,328 SF
      Seneca, SC 29678
      View Details
    • Value Estimation
      $2,455,000
      11,200 SF

      1020 En 1st St

      DRUG STORE, PHARMACY • 11,200 SF
      1020 En 1st St, Seneca, SC 29678-2848
      View Details
    • Value Estimation by Request
      2,304 SF

      205 Stork Way

      DRUG STORE, PHARMACY • 2,304 SF
      205 Stork Way, Seneca, SC 29678-1039
      View Details
    • Value Estimation by Request
      720 SF

      400 Railroad St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      400 Railroad St, Seneca, SC 29678-2754
      View Details
    • Value Estimation by Request
      2,208 SF

      107 Ram Cat Aly

      RETAIL STORES (PERSONAL SERVICES) • 2,208 SF
      107 Ram Cat Aly, Seneca, SC 29678-3243
      View Details
    • Value Estimation by Request
      21,100 SF

      887 En 1st St

      RETAIL STORES (PERSONAL SERVICES) • 21,100 SF
      887 En 1st St, Seneca, SC 29678-2827
      View Details

    Similar Nearby for Sale

    • $999,949

      Historical Brick Building in Seneca

      Three-level, 15,600 SF building in Seneca's Opportunity Zone.
      235 Main St, Seneca, SC 29678
      View Details
    • $1,000,000
      7,250 SF

      Retail Property on Main Corridor

      Retail property with excellent visibility and heavy traffic.
      1592 Sandifer Blvd, Seneca, SC 29678
      View Details
    • $1,800,000
      1.01 Acres

      Seneca Retail/Warehouse Opportunity

      All brick/concrete building with existing tenants and expansion potential.
      518 N 1 St, Seneca, SC 29678
      View Details
    • $1,500,000
      0.78 Acres

      Turn-Key Restaurant Franchise Opportunity

      Profitable Moe's Southwest Grill franchise with real estate for sale.
      1053 By Pass 123 Byp, Seneca, SC 29678
      View Details
    • $687,500
      3.95 Acres

      Seneca Commercial Property with Expansion Potential

      High-visibility commercial property ideal for storage, sales, or service center.
      298 Worth St, Seneca, SC 29678
      View Details
    • $325,000
      1.29 Acres

      Seneca Commercial Land - Prime Location

      1.29 Acres, High Visibility, Zoned GC
      911 North 1St St, Seneca, SC 29678
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo

      Downtown Seneca Commercial Space Available

      Commercial space for rent in downtown Seneca with street frontage.
      104 North 1St St, Seneca, SC 29678
      View Details
    • Contact for pricing

      Retail Opportunity Near Walmart

      Retail space available for lease, GL, or build-to-suit.
      1637 Sandifer Blvd, Seneca, SC 29678
      View Details
    • Contact for pricing

      Retail Opportunity Near Walmart

      Retail space available for lease near Walmart and hospital.
      Seneca, SC 29678
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Oconee Medical

      Retail space available near Oconee Medical Center and Clemson University.
      101 Applewood Center Pl, Seneca, SC 29678
      View Details
    • $15 SF/Yr
      4,800 SF

      Seneca Office/Retail Space Available

      Office and retail spaces for lease in Seneca, South Carolina.
      12019 North Radio Station Rd, Seneca, SC 29678
      View Details
    • $22 SF/Yr
      245,000 SF

      Applewood Shopping Center: Seneca, SC

      Prime Seneca Retail Space Available
      285 Applewood Center Pl, Seneca, SC 29678
      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.
    408 En 1st St
    Seneca, SC 29678-2742
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.