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

    506 By Pass 123 Seneca, SC 29678-0844

    • Turn key restaurants
    • 2,422 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0995691
    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

    • Turn key restaurants

    Property Details for 506 By Pass 123

    Year built
    1995
    Lot size
    0.62 lot acres
    Property size
    2,422 SF
    Property type
    Turn key restaurants
    APN
    520-12-02-007
    APU
    5201202007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $184,000
      Market price range: $128k - $579k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $285,000
      Current use
      OFFICE BUILDING
      $345,000
      Change: +20% Conversion: Moderate
      RETAIL STORES
      $235,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.9526
    Latitude
    34.698
    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
    $6,461
    $5,630
    $12,091
    -
    $161,520
    $140,740
    $302,260

    Comparable in this City

    • Value Estimation
      $270,000
      0.53 Acres

      Seneca, SC 29678

      RESTAURANT • 0.53 Acres
      Seneca, SC 29678
      View Details
    • Value Estimation
      $265,000
      6,220 SF

      101 Applewood Ctr Pl

      RESTAURANT • 6,220 SF
      101 Applewood Ctr Pl, Seneca, SC 29678-0916
      View Details
    • Value Estimation
      $185,000
      4,032 SF

      440 Edinburgh Way

      RESTAURANT • 4,032 SF
      440 Edinburgh Way, Seneca, SC 29678-4922
      View Details
    • Value Estimation
      $255,000
      2,000 SF

      100 Oconee Sq Dr

      RESTAURANT • 2,000 SF
      100 Oconee Sq Dr, Seneca, SC 29678-2559
      View Details
    • Value Estimation
      $180,000
      6,345 SF

      1069 By Pass 123a

      RESTAURANT • 6,345 SF
      1069 By Pass 123a, Seneca, SC 29678-4762
      View Details
    • Value Estimation
      $75,000
      7,146 SF

      514 By Pass 123

      RESTAURANT • 7,146 SF
      514 By Pass 123, Seneca, SC 29678-0844
      View Details

    Similar Nearby for Sale

    • $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
    • $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
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    • $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
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    • $999,949

      Historical Brick Building in Seneca

      Three-level, 15,600 SF building in Seneca's Opportunity Zone.
      235 Main St, Seneca, SC 29678
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    • $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
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    • $1,050,000
      1.45 Acres

      Seneca Commercial Land - Highway 123

      High-traffic location, build-to-suit option available.
      994 Us 123 Hwy, Seneca, SC 29678
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,000 SF

      Restaurant Space Near Oconee Medical

      1,600 SF 2nd Gen Restaurant Space Available For Rent.
      201-273 Applewood Center Pl, 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
    • Contact for pricing
      244,693 SF

      Applewood Shopping Center Opportunity

      High-traffic retail center near Clemson University
      201 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
    • 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
    • $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
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    Seneca, SC 29678-0844
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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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