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    4479 Hollywood Rd Saluda, SC 29138
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    Property profile & analytics

    4479 Hollywood Rd Saluda, SC 29138

    View on Map
    • Commercial real estate
    • 1,250 SF
    • 4.52 lot acres
    Off-Market
    Property ID
    US77-0948790
    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 real estate

    Property Details for 4479 Hollywood Rd

    Year built
    1997
    Lot size
    4.52 lot acres
    Property size
    1,250 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,250 square foot commercial property, situated near the picturesque shores of Lake Murray in Saluda, South Carolina, presents a wealth of opportunities for discerning investors. Currently operating as an upholstery shop, the building sits on a spacious 4.52-acre lot, offering significant potential for expansion or redevelopment. The property boasts convenient features including a carport, two driveways, and over 400 feet of road frontage, ensuring excellent accessibility. Approximately three acres of the land are already fenced, providing a secure area for various uses. Water services are provided by the Saluda County Water and Sewer Authority, ensuring a reliable supply. The existing building is equipped with a septic system, and an additional septic permit is available, allowing for future expansion (buyer to verify permit details). This prime location, combined with its versatile layout and ample land, makes this property an ideal investment for a wide range of commercial ventures. The property's proximity to Lake Murray adds significant appeal, offering both recreational and aesthetic advantages. Don't miss this chance to acquire a substantial commercial property with immense potential in a desirable location. Schedule a viewing today to explore the possibilities.

    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
    Saluda
    County
    Saluda
    State
    South Carolina
    Longitude
    -81.63822
    Latitude
    34.07006

    Comparable in this City

    • $99,000
      5,000 SF

      High-Potential Saluda Commercial Building

      Downtown Saluda, 5,000 sq ft, Needs TLC
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    • New
      $84,900
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      Leesville Acreage in Lake Community

      0.93 acre lot in lake access community.
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    • $194,350
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      Cleared Land Ready for Homestead

      16.9 acres of cleared land with road frontage.
      Bethany Rd, Saluda, SC 29138
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    • $100,000
      0.53 Acres

      Residential Lot Near Lake Murray

      0.53-acre lot in Palmetto Pointe community near Lake Murray.
      Clouds Creek Cir, Leesville, SC 29138
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    • New
      $140,000
      25.47 Acres

      Saluda Vacant Land For Sale

      25.47 acre tract with recreational and residential potential.
      Zoar Rd, Saluda, SC 29138
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    • Contact for pricing
      37,450 SF

      Food Lion Anchored Shopping Center

      Fully occupied shopping center anchored by high-performing Food Lion.
      605 Travis Ave, Saluda, SC 29138
      View Details

    Similar Nearby for Sale

    • $99,000
      5,000 SF

      High-Potential Saluda Commercial Building

      Downtown Saluda, 5,000 sq ft, Needs TLC
      112 Main St, Saluda, SC 29138
      View Details
    • $100,000
      0.53 Acres

      Residential Lot Near Lake Murray

      0.53-acre lot in Palmetto Pointe community near Lake Murray.
      Clouds Creek Cir, Leesville, SC 29138
      View Details
    • New
      $84,900
      0.93 Acres

      Leesville Acreage in Lake Community

      0.93 acre lot in lake access community.
      Clouds Creek Cir, Leesville, SC 29138
      View Details
    • $194,350
      16.90 Acres

      Cleared Land Ready for Homestead

      16.9 acres of cleared land with road frontage.
      Bethany Rd, Saluda, SC 29138
      View Details
    • New
      $140,000
      25.47 Acres

      Saluda Vacant Land For Sale

      25.47 acre tract with recreational and residential potential.
      Zoar Rd, Saluda, SC 29138
      View Details
    • $170,000
      17.13 Acres

      Saluda County 17-Acre Paradise

      17 acres in Saluda County, SC, perfect for recreation.
      900 Piney Wood Rd, Saluda, SC 29138
      View Details
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    4479 Hollywood Rd
    Saluda, SC 29138
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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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