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    Property profile & analytics

    602 Liberty Dr Easley, SC 29640

    • Individual retail properties
    • 3,648 SF
    For Sale
    View listing
    $278,999
    Last Sale
    May 09, 2023
    $160,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1135488
    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

    • 93 Quick Stop / Grocery Store / Gas Station
    • Garden Spot / Garden Center
    • ATM (93 Quick Stop) / Atm / Convenience Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 602 Liberty Dr

    Year built
    1983
    Construction
    WOOD FRAME
    Property size
    3,648 SF
    Zone code
    NEIGHBORHOOD COMMERCIAL
    Property type
    Individual retail properties
    APN
    5019-18-41-6336
    APU
    501918416336

    Description

    This exceptional commercial property at 602 Liberty Drive, Easley, South Carolina, presents a unique investment opportunity. The 3600 square foot building currently houses three distinct and profitable businesses: a liquor store, a neighborhood grocery, and a laundromat. This diverse tenant mix ensures a consistent revenue stream and minimizes risk. The property sits on a 0.4-acre lot, offering ample space for potential expansion or outdoor improvements. Its strategic location near downtown Easley provides excellent visibility and accessibility, benefiting from the proximity to several residential neighborhoods. The high foot traffic generated by the surrounding community ensures a steady flow of customers for all three businesses. This turnkey operation is ideal for an investor seeking a proven, cash-flowing asset with significant upside potential. The existing businesses are established and profitable, providing immediate returns. However, the property's size and location also offer opportunities for future growth and development. The potential for increased revenue through business expansion or strategic marketing is significant. This is a rare opportunity to acquire a multi-faceted commercial property in a thriving South Carolina community. The asking price is $278,999. Don't miss this chance to own a piece of Easley's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $145,000
      ML approach
      $75,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Easley
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.6171
    Latitude
    34.8224
    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
    $3,096
    $2,680
    $9,180
    $11,860
    -
    $45,000
    $154,000
    $199,000

    Comparable in this City

    • Value Estimation
      $225,000
      1,625 SF

      120 Beverly Dr

      LAUNDROMAT (SELF-SERVICE) • 1,625 SF
      120 Beverly Dr, Easley, SC 29640
      View Details
    • Value Estimation
      $130,000
      2,260 SF

      6787 Calhoun Memorial Hwya

      LAUNDROMAT (SELF-SERVICE) • 2,260 SF
      6787 Calhoun Memorial Hwya, Easley, SC 29640-3673
      View Details
    • Value Estimation
      $250,000
      3,764 SF

      214 Main St

      DRY CLEANER • 3,764 SF
      214 Main St, Easley, SC 29640-2084
      View Details
    • Value Estimation
      $160,000
      408 SF

      309 C Ave

      RETAIL STORES (PERSONAL SERVICES) • 408 SF
      309 C Ave, Easley, SC 29640
      View Details
    • Value Estimation
      $190,000
      6,798 SF

      6760 Calhoun Memorial Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,798 SF
      6760 Calhoun Memorial Hwy, Easley, SC 29640-3672
      View Details
    • Value Estimation
      $260,000
      3,885 SF

      1524 Main St

      FINANCIAL BUILDING • 3,885 SF
      1524 Main St, Easley, SC 29640-3758
      View Details

    Similar Nearby for Sale

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      7,500 SF

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    • $349,000
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      Retail Building on Liberty Drive

      5,000 SF retail building on 0.38 acres for sale.
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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail Space in High-Traffic Area

      Retail space with strong tenant mix and high visibility.
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    • $16 SF/Yr
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      Easley Retail Center - 2,400 SF Available

      High-traffic retail space, Easley, SC.
      5156 Calhoun Memorial Hwy, Easley, SC 29640
      View Details
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    Easley, SC 29640
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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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