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    For Sale (18)

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    Savannah Lakes Village Homesite
    Contact for pricing
    0.36 Acres

    Savannah Lakes Village Homesite

    Homesite with lake view and community amenities.

    L13 Garfield Ct, Mc Cormick, SC 29835
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    Residential Land in Savannah Lakes
    Contact for pricing
    0.43 Acres

    Residential Land in Savannah Lakes

    Residential lot in active Savannah Lakes Village community.

    L1 Maxwell Ln, Mc Cormick, SC 29835
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    Residential Land in Tara Subdivision
    Contact for pricing
    0.25 Acres

    Residential Land in Tara Subdivision

    0.25-acre homesite in Savannah Lakes Village, McCormick, SC.

    L2 Sandpiper Loop, Mc Cormick, SC 29835
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    Residential Lot Near Golf Course
    Contact for pricing
    0.45 Acres

    Residential Lot Near Golf Course

    Private residential lot near Monticello Golf Course in McCormick, SC.

    L21b13 Logan Ln, Mc Cormick, SC 29835
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    Lake Lot in Savannah Point
    $64,900
    0.79 Acres

    Lake Lot in Savannah Point

    0.79 acre lake lot in Savannah Point community.

    103 Bereau Dr, Mc Cormick, SC 29835
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    Golf Course Homesite Opportunity
    $69,000
    0.84 Acres

    Golf Course Homesite Opportunity

    Prime .84-acre lot with golf course views in McCormick, SC.

    224 Monroe Ln, Mc Cormick, SC 29835
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    Residential Lot Near Lake
    Contact for pricing
    0.28 Acres

    Residential Lot Near Lake

    Interior lot in Savannah Lakes Village near recreation center.

    L6b27 Crown Pt, Mc Cormick, SC 29835
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    Flat Lot in Shenandoah Neighborhood
    Contact for pricing
    0.28 Acres

    Flat Lot in Shenandoah Neighborhood

    Flat lot in Savannah Lakes Village, near amenities.

    L2b46 Sweetgum Loop, Mc Cormick, SC 29835
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    Lake View Lot in Tara
    $74,900
    0.29 Acres

    Lake View Lot in Tara

    0.29-acre lake lot in Savannah Lakes Village.

    301 Pike Pt, Mc Cormick, SC 29835
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    Expansive Wooded Lot in McCormick
    $54,900
    1.27 Acres

    Expansive Wooded Lot in McCormick

    Over one acre in Savannah Lakes Village/Savannah Point.

    Rolland Pl, Mc Cormick, SC 29835
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    Lake Lot in McCormick, SC
    $68,000
    0.37 Acres

    Lake Lot in McCormick, SC

    Lake lot in Savannah Lakes Village with dock permit.

    L7 Shenandoah Dr, Mc Cormick, SC 29835
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    Residential Land in Savannah Lakes
    Contact for pricing
    0.45 Acres

    Residential Land in Savannah Lakes

    0.45-acre lot in Savannah Lakes Village, McCormick, SC.

    306 Heather Pt, Mc Cormick, SC 29835
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    Waterfront Lot in Savannah Lakes
    $99,000
    0.75 Acres

    Waterfront Lot in Savannah Lakes

    0.75-acre waterfront lot with dock permit in McCormick, SC.

    202 Roujon Trce, Mc Cormick, SC 29835
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    Wooded Lot in Savannah Lakes
    $89,000
    0.60 Acres

    Wooded Lot in Savannah Lakes

    Gently sloped wooded lot with dock permit in McCormick.

    204 Roujon Trce, Mc Cormick, SC 29835
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    Lakefront Lot in Savannah Lakes
    $125,000
    0.45 Acres

    Lakefront Lot in Savannah Lakes

    Residential land in Savannah Lakes Village with dock permit.

    Apple Ln, Mc Cormick, SC 29835
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    Lake Lot in Savannah Lakes
    $89,900
    0.30 Acres

    Lake Lot in Savannah Lakes

    Gently sloped lake lot with dock permit in McCormick, SC.

    L9 Grandview Dr, Mc Cormick, SC 29835
    View details
    Golf and Water View Homesite
    $255,500
    0.35 Acres

    Golf and Water View Homesite

    0.35-acre lot with golf course and water views.

    241 Amelia Dr, Mc Cormick, SC 29835
    View details
    Golf Course Home Site
    $59,900
    0.48 Acres

    Golf Course Home Site

    Residential land for sale in McCormick, South Carolina.

    Monroe Ln, Mc Cormick, SC 29835
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    Savannah Lakes Realty
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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
    Savannah Lakes Realty
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