Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    529 Bypass 72 NW Greenwood, SC 29649
    Property profile & analytics

    529 Bypass 72 NW Greenwood, SC 29649

    View on Map
    • Investment properties
    • 8,605 SF
    • 1.70 lot acres
    For Sale
    $970,000
    View Listing →
    Restaurant Space with Patio For Sale
    $970,000
    8,483 SF

    Restaurant Space with Patio

    Second-generation restaurant space with patio in prime location.

    529 Bypass 72 NW, Greenwood, SC
    View Listing
    Property ID
    US77-2284004
    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

    • Investment properties

    Property Details for 529 Bypass 72 NW

    Year built
    2003
    Lot size
    1.70 lot acres
    Property size
    8,605 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    6836-914-444
    APU
    6836914444

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $970,000
      Market price range: $259k - $970k
      AI Estimate
      $970,000
      Market price range: $259k - $970k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $610,000
      Current use
      RESTAURANT
      $1,450,000
      Change: +138% Conversion: Difficult
      OFFICE BUILDING
      $660,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1938
    Latitude
    34.2035
    CBSA code
    24940
    CBSA name
    GREENWOOD, 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
    2023
    $53,589
    $0.00
    $0.00
    $118,850
    -
    $659,200
    $1,977,600
    $2,636,800

    Comparable in this City

    • Value Estimation
      $555,000
      9,864 SF

      422 Montague Ave

      STORE/OFFICE (MIXED USE) • 9,864 SF
      422 Montague Ave, Greenwood, SC 29649-1975
      View Details
    • Value Estimation by Request
      11,766 SF

      300 Montague Ave

      STORE/OFFICE (MIXED USE) • 11,766 SF
      300 Montague Ave, Greenwood, SC 29649-1938
      View Details
    • Value Estimation by Request
      3,640 SF

      1325 Montague Ave Ext

      STORE/OFFICE (MIXED USE) • 3,640 SF
      1325 Montague Ave Ext, Greenwood, SC 29649-9028
      View Details
    • Value Estimation by Request
      3,273 SF

      1516 Byp 72nd NE

      STORE/OFFICE (MIXED USE) • 3,273 SF
      1516 Byp 72nd NE, Greenwood, SC 29649-2213
      View Details
    • Value Estimation by Request
      1,831 SF

      202 Montague Ave

      STORE/OFFICE (MIXED USE) • 1,831 SF
      202 Montague Ave, Greenwood, SC 29649-1935
      View Details
    • Value Estimation by Request
      5,757 SF

      474 Byp 72nd NW

      STORE/OFFICE (MIXED USE) • 5,757 SF
      474 Byp 72nd NW, Greenwood, SC 29649-1404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,320 SF

      Retail Building on Crosscreek Connector

      Retail building on one acre with expansion potential.
      167 Crosscreek Connector, Greenwood, SC 29649
      View Details
    • $400,000
      4,753 SF

      Iconic Mixed-Use Greenwood Property

      4,700+ sqft mixed-use property in vibrant Uptown Greenwood.
      204 Main St, Greenwood, SC 29649
      View Details
    • $575,000
      13.13 Acres

      Greenwood Commercial Land For Sale

      13+ acres of commercial land with residential structure.
      2029 Highway 72, Greenwood, SC 29649
      View Details
    • $120,000
      0.99 Acres

      Lakefront Lot in Grand Harbor

      Lake Greenwood 0.99-acre lot with access to community amenities.
      362 Abercrombie Pt, Greenwood, SC 29649
      View Details
    • $70,000
      0.10 Acres

      Residential Lot in Gated Community

      Residential lot in gated community with lakeside amenities near Lake Greenwood.
      215 Indigo Way, Greenwood, SC 29649
      View Details
    • Contact for pricing
      8,272 SF

      Versatile Commercial Property in Greenwood

      High-visibility commercial property with multiple buildings and flexible spaces.
      1107 Reynolds Ave, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      245,835 SF

      Industrial Space with High Ceilings

      Manufacturing space featuring 14 dock doors and high ceilings.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Retail Space in Greenwood, SC

      Retail space available in a high-traffic shopping center.
      3353 Highway 72 221 E, Greenwood, SC 29649
      View Details
    • Contact for pricing
      59,870 SF

      Greenwood Specialty Property for Rent

      59,870 SF specialty property available for rent in Greenwood.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Piedmont Plaza

      Retail space available in a busy shopping center.
      1306-1360 Bypass 72 NE, Greenwood, SC 29649
      View Details
    • 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
      View Details
    • Contact for pricing

      Greenwood Commercial Land For Rent

      1.67 acre commercial land parcel in Greenwood, South Carolina.
      1405 Bypass 72 Northeast, Greenwood, SC 29649
      View Details
    View Listing
    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.
    529 Bypass 72 NW
    Greenwood, SC 29649
    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

    Thank You for Inquiry
    529 Bypass 72 NW, Greenwood, SC, 29649
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!