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

    603 Tribal Rd Blacksburg, SC 29702

    • Commercial real estate
    • 4.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0784549
    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 603 Tribal Rd

    Year built
    1991
    Lot size
    4.52 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.52-acre commercial property boasts a prime location approximately 1000 feet from I-85 South exit 104 in Blacksburg, South Carolina. The land, comprised of three contiguous parcels, offers 161 feet of road frontage on Tribal Road, ensuring excellent visibility and accessibility. Its strategic location near established businesses like Loves Travel Center and McDonald's, as well as the proximity to Shelton Fireworks (approximately 750 feet away) and the Two Kings Casino (approximately 6 miles), presents a significant advantage for investors. The property is currently un-zoned, offering flexibility for a wide range of commercial developments. County water is provided by the Gaffney Board of Public Works, and electricity is supplied by Broad River Electric. Sewer plans are in place for Cherokee County, with anticipated completion in 2025. Two existing homes on the property offer immediate rental income potential for the new owner, providing a valuable interim revenue stream. The potential for acquiring additional acreage is also available. This presents a rare opportunity to capitalize on a high-traffic location with significant development potential. The property's strategic positioning and existing infrastructure make it an ideal investment for both short-term and long-term growth.

    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
    Blacksburg
    County
    CherokeeSC
    State
    South Carolina
    Longitude
    -81.48364
    Latitude
    35.16072

    Comparable in this City

    • $60,000
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      Blacksburg Commercial Land - Hwy 5

      Prime 2-acre commercial lot, I-85 access.
      2+/- Ac Commercial York Rd, Blacksburg, SC 29702
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    • $2,016,000
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      84 Acres Blacksburg, SC Land

      Prime I-85 Location, Multi-Use Potential
      SC Mt Paran Rd, Blacksburg, SC 29702
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    • $550,000
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      Blacksburg Commercial Land Investment

      23.95 Acres, I-85 Frontage, High Visibility
      00 Mill Creek Rd, Blacksburg, SC 29702
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    • $899,000
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      Blacksburg Commercial Land - 7 Acres

      Unzoned land, ideal for storage or laydown yard.
      614 Tribal Rd, Blacksburg, SC 29702
      View Details
    • $50,000
      2.00 Acres

      Blacksburg Commercial Land - 2 Acres

      Highway 5 Commercial Lot, Zoned to Suit
      2+/- Ac Commercial York Rd, Blacksburg, SC 29702
      View Details
    • $550,000
      23.95 Acres

      23.95 Acres Blacksburg Commercial Land

      Prime Blacksburg acreage, commercial & residential potential.
      0 Mill Creek Rd, Blacksburg, SC 29702
      View Details

    Similar Nearby for Sale

    • $60,000
      2.00 Acres

      Blacksburg Commercial Land - Hwy 5

      Prime 2-acre commercial lot, I-85 access.
      2+/- Ac Commercial York Rd, Blacksburg, SC 29702
      View Details
    • $2,016,000
      84.00 Acres

      84 Acres Blacksburg, SC Land

      Prime I-85 Location, Multi-Use Potential
      SC Mt Paran Rd, Blacksburg, SC 29702
      View Details
    • $550,000
      23.95 Acres

      Blacksburg Commercial Land Investment

      23.95 Acres, I-85 Frontage, High Visibility
      00 Mill Creek Rd, Blacksburg, SC 29702
      View Details
    • $899,000
      7.13 Acres

      Blacksburg Commercial Land - 7 Acres

      Unzoned land, ideal for storage or laydown yard.
      614 Tribal Rd, Blacksburg, SC 29702
      View Details
    • $50,000
      2.00 Acres

      Blacksburg Commercial Land - 2 Acres

      Highway 5 Commercial Lot, Zoned to Suit
      2+/- Ac Commercial York Rd, Blacksburg, SC 29702
      View Details
    • $550,000
      23.95 Acres

      23.95 Acres Blacksburg Commercial Land

      Prime Blacksburg acreage, commercial & residential potential.
      0 Mill Creek Rd, Blacksburg, SC 29702
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      43,466 SF

      Blacksburg Industrial Space Available

      43,466 SF Industrial Building - Lease or Sale
      124 N Charleston St, Blacksburg, SC 29702
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    • $9 SF/Yr
      43,200 SF

      Blacksburg Warehouse Space Available

      Versatile warehouse space, ideal location.
      759 Mill Creek Rd, Blacksburg, SC 29702
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    • Contact for pricing
      500,000 SF

      E Cherokee St Industrial Property

      500,000 SF Industrial Space in SC
      0 Cherokee St, Blacksburg, SC 29702
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    • $4 SF/Yr
      366,533 SF

      Industrial Space with Interstate Visibility

      Industrial space for lease with easy access to I-85.
      210 Henson Rd, Blacksburg, SC 29702
      View Details
    • $3 SF/Yr
      158,000 SF

      Manufacturing/Distribution Building Near I-85

      158,000 SF manufacturing/distribution building located near I-85.
      221 York Rd, Blacksburg, SC 29702
      View Details
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    603 Tribal Rd
    Blacksburg, SC 29702
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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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