Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    902 Greenwood St Abbeville, SC 29620

    • Commercial real estate
    • 9,801 SF
    • 1.88 lot acres
    For Sale
    View listing
    $1,557,927
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2672686
    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

    • CVS Pharmacy / Pharmacy
    • CVS / Pharmacy
    • Split Stop / Gas Station
    • CDReload - Online Bitcoin ATM / Money Transfer Service / Crypto Atm
    • CDReload Instant Bitcoin / Crypto Atm

    Property Details for 902 Greenwood St

    Construction
    BRICK
    Lot size
    1.88 lot acres
    Property size
    9,801 SF
    Property type
    Commercial real estate
    APN
    121-00-00-098
    APU
    1210000098

    Description

    This exceptional investment opportunity presents a 9,801 square foot CVS Pharmacy located at 902 W Greenwood St, Abbeville, SC 29620. Situated on a 1.93-acre lot, this property boasts a convenient drive-thru. The property features a strong, absolute NNN ground lease with minimal landlord responsibilities, ensuring a passive income stream. The current lease with CVS Pharmacy extends to January 1, 2031, providing over six years of remaining lease term, plus ten five-year renewal options. The asking price is $1,557,927, reflecting an attractive 11.25% capitalization rate based on a Net Operating Income (NOI) of $175,266. Importantly, a three-year rent holiday commences February 1, 2028, a factor already considered in the aggressive pricing strategy. This single-tenant, 100% occupied property offers a secure and lucrative investment prospect in a stable market. The property's location in Abbeville County, South Carolina, provides excellent visibility and accessibility. This is a rare chance to acquire a high-performing, low-maintenance retail asset with significant long-term potential.

    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
    Abbeville
    County
    Abbeville
    State
    South Carolina
    Longitude
    -82.3842
    Latitude
    34.1611

    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
    $25,804
    $0.00
    $0.00
    $60,030
    -
    $109,900
    $1,760,170
    $1,870,070

    Comparable in this City

    • Value Estimation by Request
      3.91 Acres

      844 Greenwood Hwy

      Retail properties • 10,600 SF
      844 Greenwood Hwy, Abbeville, SC 29620
      View Details
    • Value Estimation by Request
      8.48 Acres

      265 Cold Spgs Church Rd

      COMMERCIAL (GENERAL) • 8.48 Acres
      265 Cold Spgs Church Rd, Abbeville, SC 29620-4002
      View Details
    • Value Estimation by Request
      0.09 Acres

      Abbeville, SC 29620

      COMMERCIAL (GENERAL) • 0.09 Acres
      Abbeville, SC 29620
      View Details
    • Value Estimation by Request
      0.21 Acres

      Abbeville, SC 29620

      COMMERCIAL (GENERAL) • 0.21 Acres
      Abbeville, SC 29620
      View Details
    • Value Estimation by Request
      0.22 Acres

      1st St

      COMMERCIAL (GENERAL) • 0.22 Acres
      1st St, Abbeville, SC 29620
      View Details
    • Value Estimation by Request
      0.13 Acres

      Br St

      COMMERCIAL (GENERAL) • 0.13 Acres
      Br St, Abbeville, SC 29620
      View Details

    Similar Nearby for Sale

    • $700,000
      3.91 Acres

      Greenwood Highway Commercial Trio

      Abbeville, SC mixed-use redevelopment opportunity.
      844 Greenwood Hwy, Abbeville, SC 29620
      View Details
    • $300,000
      1.19 Acres

      Abbeville Commercial Land Investment

      High-yield retail land, three tenants.
      540 Greenwood St, Abbeville, SC 29620
      View Details
    • $99,900
      7.50 Acres

      Cleared Homesite in Abbeville, SC

      7.5 acre residential lot between Abbeville and Calhoun Falls.
      5506 Highway 72, Abbeville, SC 29620
      View Details
    • $198,900
      32.00 Acres

      32 Acres Development Opportunity, Abbeville

      32 acres of land suitable for residential or commercial development.
      821 Greenwood St E, Abbeville, SC 29620
      View Details
    • $849,510
      188.78 Acres

      Abbeville Vacant Land with Creek

      188+ acre vacant land with utilities near downtown Abbeville.
      -- Brookside Dr, Abbeville, SC 29620
      View Details
    • $159,000
      1,386 SF

      Downtown Abbeville Commercial Space

      Versatile commercial building in historic downtown Abbeville, South Carolina.
      107 Trinity St, Abbeville, SC 29620
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      106,925 SF

      Abbeville Warehouse/Industrial Space For Lease

      Versatile property with ample space for various business needs.
      584 Highway 28 South, Abbeville, SC 29620
      View Details
    • $6 SF/Yr
      4,625 SF

      Abbeville Retail Space For Lease

      Prime Retail Location, Multiple Units Available
      1616 Main St, Abbeville, SC 29620
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    902 Greenwood St
    Abbeville, SC 29620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.