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

    8360 Charlotte Hwy Indian Land, SC 29707-6532

    • Grocery and convenience stores
    • 52,289 SF
    • 14.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2909891
    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

    • Grocery and convenience stores

    Property Details for 8360 Charlotte Hwy

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    14.90 lot acres
    Property size
    52,289 SF
    Zone code
    GB
    Property type
    Grocery and convenience stores
    APN
    0013-00-018.00
    APU
    130001800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,284,000
      Market price range: $582k - $1.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Land
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.8503
    Latitude
    34.9562
    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
    $285,990
    $206,455
    $602,299
    $808,754
    -
    $3,906,000
    $11,395,100
    $15,301,100

    Comparable in this City

    • Value Estimation
      $755,000
      11,700 SF

      9792 Charlotte Hwy

      CONVENIENCE STORE • 11,700 SF
      9792 Charlotte Hwy, Indian Land, SC 29707-8113
      View Details
    • Value Estimation
      $1,230,000
      53,392 SF

      Charlotte Hwy

      GROCERY, SUPERMARKET • 53,392 SF
      Charlotte Hwy, Fort Mill, SC 29707
      View Details
    • Value Estimation by Request
      3,282 SF

      10130 Charlotte Hwy

      CONVENIENCE STORE • 3,282 SF
      10130 Charlotte Hwy, Indian Land, SC 29707-6815
      View Details
    • Value Estimation by Request
      35,509 SF

      9990 Charlotte Hwy

      GROCERY, SUPERMARKET • 35,509 SF
      9990 Charlotte Hwy, Indian Land, SC 29707-7134
      View Details
    • Value Estimation
      $530,000
      5,682 SF

      9565 Charlotte Hwy

      CONVENIENCE STORE • 5,682 SF
      9565 Charlotte Hwy, Indian Land, SC 29707-7115
      View Details
    • Value Estimation by Request
      2,350 SF

      Ft Ml Hwy

      CONVENIENCE STORE • 2,350 SF
      Ft Ml Hwy, Fort Mill, SC 29707
      View Details

    Similar Nearby for Sale

    • 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
    • $6,175,000
      13.00 Acres

      Prime Fort Mill Commercial Land

      13 Acres, Hwy 521 Frontage, High Visibility
      9159 Charlotte Hwy, Fort Mill, SC 29707
      View Details
    • $675,000
      1.00 Acre

      Edgewater Corporate Park Land

      1.2-Acre Commercial Lot, Ready to Build
      0 Possum Hollow Rd, Fort Mill, SC 29707
      View Details
    • Contact for pricing

      Prime Indian Land Development Site

      8.74 Acres, High-Growth Location
      10115 Elmsbrook Ln, Fort Mill, SC 29707
      View Details
    • $2,500,000
      3.96 Acres

      Prime Commercial Land on Highway

      3.96 acres ideal for commercial or mixed-use development.
      6993 Charlotte Hwy, Lancaster, SC 29707
      View Details
    • Contact for pricing

      Land Adjacent to Apartments, Hospital

      Land near apartments, hospital campus, and townhomes.
      9052 Charlotte Hwy, Indian Land, SC 29707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,243 SF

      Retail Space on Fort Mill Parkway

      Retail spaces available in high-growth Fort Mill location.
      368 Fort Mill Hwy, Fort Mill, SC 29707
      View Details
    • Contact for pricing
      1,956 SF

      Retail Space on Fort Mill Parkway

      Retail spaces available in high-growth Fort Mill location.
      360 Fort Mill Hwy, 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

      Land Available For Lease

      Land available for lease in Indian Land, South Carolina.
      Indian Land, SC 29707
      View Details
    • 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
    • Contact for pricing
      76,796 SF

      Carolina Commons Retail Space

      High-traffic retail space available now.
      6285 Carolina Cmns Dr, Indian Land, SC 29707
      View Details
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    Indian Land, SC 29707-6532
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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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