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    Property profile & analytics

    540 Greenwood St Abbeville, SC 29620

    • Commercial real estate
    • 1.19 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2541034
    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

    • Commercial real estate

    Property Details for 540 Greenwood St

    Lot size
    1.19 lot acres
    Property type
    Commercial real estate
    APN
    122-05-01-017 & 122-05-01-018

    Description

    This exceptional 1.19-acre commercial land parcel, located at 540 & 542 W Greenwood St in Abbeville, South Carolina, presents a lucrative investment opportunity. The property boasts 178 feet of frontage on Highway 72 (W Greenwood St), providing excellent visibility and accessibility. Currently zoned C-1, it features existing sewer and water infrastructure, simplifying development plans. The combined tax map IDs are 122-05-01-017 & 122-05-01-018. Three income-producing rental properties with existing tenants generate immediate cash flow. The property's strategic location within a thriving retail corridor, serving a population of 8,811 within a 5-mile radius, ensures strong potential for future growth and appreciation. This is an ideal opportunity for developers seeking a prime location or investors looking for a stable, high-yield asset. The asking price is $300,000.

    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
    Abbeville
    County
    Abbeville
    State
    South Carolina
    Longitude
    -82.382097
    Latitude
    34.1669079

    Comparable in this City

    • $4,000,000
      82.14 Acres

      Waterfront Acreage Near Great Waters

      82.14 acres of waterfront property near Lake Secession.
      00 Jets Landing Rd, Abbeville, SC 29620
      View Details
    • $195,000
      7.00 Acres

      Prime Commercial Land For Sale

      7 acres of commercial land at high-visibility corner location.
      829 Greenwood St E, Abbeville, SC 29620
      View Details
    • Contact for pricing
      1.45 Acres

      Land For Sale, Abbeville SC

      1.45 acre land available in Abbeville, South Carolina.
      Lake Forest Dr, Abbeville, SC 29620
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    • $79,900
      2.59 Acres

      Abbeville Commercial Lot on Hwy 72

      Commercially zoned 2.59 acre lot with highway frontage.
      Highway 72 E, Abbeville, SC 29620
      View Details
    • $179,000
      7.10 Acres

      Lake Russell Wooded Lakefront Property

      7.1 acres of wooded serenity on Lake Russell.
      Horseshoe Rd, Abbeville, SC 29620
      View Details
    • $44,000
      1.67 Acres

      Unrestricted Land Near Lake, Abbeville

      1.67 acres of unrestricted land near lake and game management.
      Vineyard Dr, Abbeville, SC 29620
      View Details

    Similar Nearby for Sale

    • $4,000,000
      82.14 Acres

      Waterfront Acreage Near Great Waters

      82.14 acres of waterfront property near Lake Secession.
      00 Jets Landing Rd, Abbeville, SC 29620
      View Details
    • $195,000
      7.00 Acres

      Prime Commercial Land For Sale

      7 acres of commercial land at high-visibility corner location.
      829 Greenwood St E, Abbeville, SC 29620
      View Details
    • Contact for pricing
      1.45 Acres

      Land For Sale, Abbeville SC

      1.45 acre land available in Abbeville, South Carolina.
      Lake Forest Dr, Abbeville, SC 29620
      View Details
    • $79,900
      2.59 Acres

      Abbeville Commercial Lot on Hwy 72

      Commercially zoned 2.59 acre lot with highway frontage.
      Highway 72 E, Abbeville, SC 29620
      View Details
    • $179,000
      7.10 Acres

      Lake Russell Wooded Lakefront Property

      7.1 acres of wooded serenity on Lake Russell.
      Horseshoe Rd, Abbeville, SC 29620
      View Details
    • $44,000
      1.67 Acres

      Unrestricted Land Near Lake, Abbeville

      1.67 acres of unrestricted land near lake and game management.
      Vineyard Dr, Abbeville, SC 29620
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      4,625 SF

      Abbeville Retail Space For Lease

      Prime Retail Location, Multiple Units Available
      1616 Main St, Abbeville, SC 29620
      View Details
    • $3 SF/Yr
      106,925 SF

      Abbeville Warehouse/Industrial Space For Lease

      Versatile property with ample space for various business needs.
      584 Highway 28 South, Abbeville, SC 29620
      View Details
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    540 Greenwood St
    Abbeville, SC 29620
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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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