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

    7666 Charlotte Hwy Indian Land, SC 29707-7000

    • Medical offices
    • 22,198 SF
    • 5.58 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2021
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1195702
    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

    • Medical offices

    Property Details for 7666 Charlotte Hwy

    Year built
    2009
    Construction
    STEEL FRAME
    Lot size
    5.58 lot acres
    Property size
    22,198 SF
    Zone code
    PDD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0016-00-075.00
    APU
    160007500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,695,000
      Market price range: $722k - $1.70M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,225,000
      Current use
      COMMERCIAL (GENERAL)
      $2,025,000
      Change: +65% Conversion: Easy
      RESTAURANT
      $1,670,000
      Change: +36% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,630,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Land
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.8346
    Latitude
    34.9346
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-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
    $200,515
    $108,900
    $468,222
    $577,122
    -
    $1,815,000
    $7,803,700
    $9,618,700

    Comparable in this City

    • Value Estimation by Request
      9,585 SF

      8351 Charlotte Hwy

      MEDICAL BUILDING • 9,585 SF
      8351 Charlotte Hwy, Indian Land, SC 29707-6552
      View Details
    • Value Estimation
      $1,970,000
      41,574 SF

      6237 Carolina Cmns Dr

      MEDICAL BUILDING • 41,574 SF
      6237 Carolina Cmns Dr, Indian Land, SC 29707-6014
      View Details
    • Value Estimation
      $655,000
      18,064 SF

      1040 Edgewater Corporate Pkwy

      MEDICAL BUILDING • 18,064 SF
      1040 Edgewater Corporate Pkwy, Indian Land, SC 29707-4514
      View Details
    • Value Estimation
      $785,000
      14,375 SF

      2536 Lengers Way

      MEDICAL BUILDING • 14,375 SF
      2536 Lengers Way, Indian Land, SC 29707-7126
      View Details
    • Value Estimation by Request
      31,000 SF

      8488 Charlotte Hwy

      Medical offices • 31,000 SF
      8488 Charlotte Hwy, Fort Mill, SC 29707
      View Details
    • Value Estimation by Request
      28,000 SF

      9571 Charlotte Hwy

      Coworking space • 28,000 SF
      9571 Charlotte Hwy, Indian Land, SC 29707
      View Details

    Similar Nearby for Sale

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      1,554 SF

      Updated Condo in Active Community

      Updated condo in amenity-rich, active adult community with water views.
      44429 Oriole Dr, Indian Land, SC 29707
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    • $12,900,000
      92,926 SF

      Fort Mill Industrial Property

      92,926 SF Flex/Warehouse, $12.9M
      11632 Harrisburg Rd, Fort Mill, SC 29707
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    • Contact for pricing
      1.00 Acre

      The Point: Indian Land Retail

      High-traffic retail & commercial development.
      9425 Charlotte Hwy, Fort Mill, SC 29707
      View Details
    • $11,615,750
      92,926 SF

      Versatile Flex, Office, Warehouse Space

      92,926 SF flex, office, and warehouse space for sale.
      11632 Harrisburg Rd, Indian Land, SC 29707
      View Details
    • Contact for pricing
      3.94 Acres

      Charlotte Hwy Commercial Land

      Prime Indian Land development site.
      8937 Charlotte Hwy, Fort Mill, SC 29707
      View Details
    • Contact for pricing
      162,240 SF

      Highway 160 Warehouse Opportunity

      Warehouse/distribution property near I-485, Ballantyne, and south Charlotte.
      9485 Old Bailes Rd, Fort Mill, SC 29707
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    Similar Nearby for Lease

    • Contact for pricing
      12,500 SF

      ParkStone at Indian Land: Prime Retail Space

      High-profile retail & land, Indian Land.
      8004 Shelley Mullis Rd, Fort Mill, SC 29707
      View Details
    • $30 SF/Yr
      28,000 SF

      Elite Edgewater Office Suites

      Modern Office Space, Flexible Sizes
      9571 Charlotte Hwy, Indian Land, SC 29707
      View Details
    • Contact for pricing
      14,496 SF

      Edgewater Corporate Park: Fort Mill, SC

      Class A Medical Office Space Available
      1170 Edgewater Pkwy, Fort Mill, SC 29707
      View Details
    • Contact for pricing
      24,990 SF

      Rosemont Park Office Suites

      Fort Mill, SC Office Space Available
      1245 Rosemont Dr, Fort Mill, SC 29707
      View Details
    • $36 SF/Yr
      31,000 SF

      Class A Medical Office Space in Indian Land

      Modern medical suites, ideal location, ample space.
      8488 Charlotte Hwy, Fort Mill, SC 29707
      View Details
    • Contact for pricing
      20,000 SF

      Fort Mill Office Space Available

      20000 SF office space for rent in Fort Mill.
      8563 Charlotte Hwy, Fort Mill, SC 29707
      View Details
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    Indian Land, SC 29707-7000
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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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