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    Golf Course Homesite Opportunity
    $69,000
    0.84 Acres

    Golf Course Homesite Opportunity

    Build your dream home with stunning fairway views.

    224 Monroe Ln, Mc Cormick, SC 29835
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    Residential Lot in Savannah Lakes
    Contact for pricing
    0.45 Acres

    Residential Lot in Savannah Lakes

    Private homesite in Savannah Lakes Village with community amenities.

    306 Heather Pt, Mc Cormick, SC 29835
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    Flat Lot in Savannah Lakes
    Contact for pricing
    0.28 Acres

    Flat Lot in Savannah Lakes

    Residential lot near amenities in Savannah Lakes Village.

    L2b46 B46, Mc Cormick, SC 29835
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    Golf Course Lot Opportunity
    $79,900
    0.35 Acres

    Golf Course Lot Opportunity

    Residential lot in Savannah Lakes Village, McCormick, SC.

    118 Ashland Dr, Mc Cormick, SC 29835
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    Lakefront Land in Savannah Lakes
    $68,000
    0.37 Acres

    Lakefront Land in Savannah Lakes

    Waterfront lot in Savannah Lakes Village with dock permit.

    L7 Shenandoah Dr, Mc Cormick, SC 29835
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    Homesite in Savannah Lakes Village
    Contact for pricing
    0.36 Acres

    Homesite in Savannah Lakes Village

    Homesite with lake view and community amenities.

    L13 Garfield Ct, 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 lot in Savannah Lakes Village.

    Rolland Pl, Mc Cormick, SC 29835
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    Interior Lot Near the Lake
    Contact for pricing
    0.28 Acres

    Interior Lot Near the Lake

    Interior lot in Savannah Lakes Village near recreation and dining.

    L6b27 B27, Mc Cormick, SC 29835
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    Lakefront Lot in Savannah Lakes
    $125,000
    0.45 Acres

    Lakefront Lot in Savannah Lakes

    Beautiful waterfront lot near golf, dining, and recreation.

    Apple 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 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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    Golf Course Home Site
    $59,900
    0.48 Acres

    Golf Course Home Site

    Residential land on golf course in McCormick, South Carolina.

    Monroe Ln, Mc Cormick, SC 29835
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    Residential Lot in Savannah Point
    $89,000
    0.60 Acres

    Residential Lot in Savannah Point

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

    204 Roujon Trce, Mc Cormick, SC 29835
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    Residential Building Lot
    Contact for pricing
    0.45 Acres

    Residential Building Lot

    A private, residentially zoned lot within Savannah Lakes Village with planned access to extensive golf, pool, and recreation amenities.

    L21b13 Logan Ln, Mc Cormick, SC 29835
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    Lake Thurmond Waterfront Land
    $89,900
    0.30 Acres

    Lake Thurmond Waterfront Land

    Gently sloped lot with dock permit in Savannah Lakes Village.

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

    Golf and Water View Homesite

    0.35-acre lot with golf and water views in McCormick.

    241 Amelia Dr, Mc Cormick, SC 29835
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    Waterfront Lot in Savannah Lakes
    $79,000
    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
    View details

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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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