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

    507 College Ave Clemson, SC 29631-1444

    • Grocery and convenience stores
    • 2,440 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1098416
    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

    • Campus Store / Convenience Store / Coffee Shop
    • Exxon / Gas Station
    • ATM Kangaroo Express Campus Store 423 / Bank Or Atm / Bank
    • ATM / Atm

    Property Details for 507 College Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    2,440 SF
    Zone code
    CP 1 NEIGH BUS DISTRICT
    Property type
    Grocery and convenience stores
    APN
    4044-16-83-3951
    APU
    404416833951

    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
    Clemson
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.8352
    Latitude
    34.689
    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
    $9,677
    $22,500
    $11,570
    $34,070
    -
    $375,000
    $192,800
    $567,800

    Comparable in this City

    • Value Estimation by Request
      3,773 SF

      826 Old Greenville Hwy

      CONVENIENCE STORE • 3,773 SF
      826 Old Greenville Hwy, Clemson, SC 29631-1227
      View Details
    • Value Estimation by Request
      2,059 SF

      197 Old Greenville Hwy

      CONVENIENCE STORE • 2,059 SF
      197 Old Greenville Hwy, Clemson, SC 29631-1335
      View Details
    • Value Estimation by Request
      2,244 SF

      219 Pendleton Rd, Unit 10

      CONVENIENCE STORE • 2,244 SF
      219 Pendleton Rd, Clemson, SC 29631-2212
      View Details
    • Value Estimation by Request
      2,480 SF

      101 Anderson Hwy

      CONVENIENCE STORE • 2,480 SF
      101 Anderson Hwy, Clemson, SC 29631-1559
      View Details
    • Value Estimation by Request
      738 SF

      301 Reid St

      RETAIL STORES (PERSONAL SERVICES) • 738 SF
      301 Reid St, Clemson, SC 29631-1194
      View Details
    • Value Estimation
      $815,000
      10,566 SF

      1102 Tiger Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,566 SF
      1102 Tiger Blvd, Clemson, SC 29631-2664
      View Details

    Similar Nearby for Sale

    • $1,349,990
      0.48 Acres

      Commercial Building on Highway 123

      Commercial building in Clemson with ample parking and high traffic.
      990 Tiger Blvd, Clemson, SC 29631
      View Details
    • $1,349,990

      Commercial Building on Highway 123

      6000 sq ft commercial building with ample parking.
      990 Tiger Blvd, Clemson, SC 29631
      View Details
    • $149,000
      0.75 Acres

      Land Near Clemson University

      Residential land available near Clemson University.
      103 Jenkins Pl, Clemson, SC 29631
      View Details
    • Contact for pricing

      Recently Renovated Apartment Community

      Renovated apartment community, offering competitive living spaces.
      31 Clemson Place Cir, Clemson, SC 29631
      View Details
    • $2,000,000

      Clemson Commercial Land - Tiger Blvd

      Prime Clemson Retail Land, High Visibility
      1053 Tiger Blvd, Clemson, SC 29631
      View Details
    • New
      $885,000
      1,240 SF

      Clemson Multifamily Investment Opportunity

      Multifamily property near Clemson University, leased through 2026.
      900-A Creekside Dr, Clemson, SC 29631
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,401 SF

      Retail/Restaurant Space Near Clemson University

      Retail/restaurant spaces available in mixed-use student housing project.
      114 Earle St, Clemson, SC 29631
      View Details
    • $2,800 /Mo

      Downtown Clemson Retail Space Available

      Retail space in downtown Clemson, formerly a coffee shop.
      382 College Ave Unit, Clemson, SC 29631
      View Details
    • Contact for pricing
      3,500 SF

      Retail/Restaurant Space Near Clemson University

      Retail/restaurant space with dedicated parking and lake access.
      894 Tiger Blvd, Clemson, SC 29631
      View Details
    • Contact for pricing

      Mixed-Use Property Near Clemson Campus

      Mixed-use property with residential and retail components near Clemson University.
      111 Earle St, Clemson, SC 29631
      View Details
    • Contact for pricing
      44,128 SF

      Clemson Retail Space: 15,214 SF Available

      High-traffic Clemson retail space, ideal for multiple tenants.
      107 Canoy Ln, Clemson, SC 29631
      View Details
    • Contact for pricing
      76,566 SF

      Prime Retail Space, Pickens County

      High-traffic location, multiple units available
      500 Old Greenville Hwy, Clemson, SC 29631
      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.
    507 College Ave
    Clemson, SC 29631-1444
    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.