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    633 Tribal Rd Blacksburg, SC 29702
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    633 Tribal Rd Blacksburg, SC 29702

    View on Map
    • Commercial real estate
    • 37.96 lot acres
    Off-Market
    Property ID
    US77-1219015
    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

    • Commercial real estate

    Property Details for 633 Tribal Rd

    Lot size
    37.96 lot acres
    Property type
    Commercial real estate
    APN
    191-00-00-001.000 + 4 ADDTL. PARCELS

    Description

    This exceptional 37.96-acre industrial land parcel in Cherokee County, South Carolina, presents a compelling investment opportunity. Strategically located 1,275 feet north of Interstate I-85 Exit 104, this property boasts over 760 feet of paved road frontage on Tribal Road in Blacksburg, SC 29702. The site includes three existing homes with square footages of 1,463, 1,568, and 2,468 respectively. Currently unzoned, this land offers significant potential for industrial development, further enhanced by the availability of city water and projected sewer access in early 2025, as confirmed by the City of Gaffney Public Works. The property's proximity to major transportation arteries, including Interstate I-85 and the Charlotte Douglas International Airport (approximately 30 miles north), provides excellent logistical advantages. Furthermore, its location near established businesses such as Shelton Fireworks and AZZ Galvanizing Plant, and directly across I-85 from Love's Travel Center, underscores its strategic position within a growing commercial corridor. The property consists of five parcels (APN: 191-00-00-001.000 + 4 addtl. parcels) and is priced at $2,875,000 ($75,737.62/acre). Noteworthy is the potential for state, county, and federal opportunity zone incentives, along with job creation incentives. Detailed drone video, photos, and survey are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.483401
    Latitude
    35.162405

    Comparable in this City

    • Contact for pricing

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      Blacksburg Office/Industrial Space

      ±1,600 sq ft Office, Sale or Lease in SC
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      Industrial Land with Tax Incentives

      Land available with utilities, tax incentives, and rail potential.
      Henson Rd, Blacksburg, SC 29702
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      Land Borders Kings Mountain Park

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    Similar Nearby for Sale

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      Mount Paran Road, SC, Blacksburg, SC 29702

      Land
      SC Mt Paran Rd, Blacksburg, SC 29702
      View Details
    • $364,200
      12.14 Acres

      Blacksburg Vacant Land Near I-85

      Commercial land with high visibility and accessibility near I-85.
      118 Phelps Rd, Blacksburg, SC 29702
      View Details
    • $537,000

      28+ Acres with Sunset Views

      Exceptional property near Charlotte, ideal for estate or venue.
      000 N Mountain St, Blacksburg, SC 29702
      View Details
    • $2,500,000
      43,466 SF

      Blacksburg Office/Industrial Space

      ±1,600 sq ft Office, Sale or Lease in SC
      124 N Charleston St, Blacksburg, SC 29702
      View Details
    • Contact for pricing

      Industrial Land with Tax Incentives

      Land available with utilities, tax incentives, and rail potential.
      Henson Rd, Blacksburg, SC 29702
      View Details
    • $4,650,000

      Land Borders Kings Mountain Park

      Land ideal for estates, farms, recreation near Kings Mountain.
      4595 Forest View Rd, Blacksburg, SC 29702
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    Similar Nearby for Lease

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      Versatile Warehouse Space Available

      Warehouse space for rent with convenient highway access.
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    • $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
      View Details
    • Contact for pricing

      Blacksburg Warehouse Space Available

      Warehouse space available for lease in Blacksburg, South Carolina.
      214 Tribal Rd, Blacksburg, SC 29702
      View Details
    • Contact for pricing
      366,533 SF

      Industrial Space with Interstate Visibility

      Industrial space for lease with easy access to I-85.
      210 Henson Rd, Blacksburg, SC 29702
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    • Contact for pricing
      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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    633 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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