Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Quiet Area Title is generated by Realmo AI

    002 Peake Road, Elgin, SC 29045

    View on Map
    Claim this Listing
    For Sale
    $40,000

    Vacant Land - Elgin, SC

    Lot size:
    1.22 Acres
    Added:
    May 19, 2025
    Days on Market:
    370
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 002 Peake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Christmas

    Listing agent Travis Christmas

    Listing office KAFA Company, LLC 114 N Dennis Ave., Bishopville, SC

    Listing date May 19, 2025

    MLS# 11500306 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Acreage lots available in a desirable area of Richland County, ranging from 1 to 19 acres, offering ample space for a custom home.
    • Located within the highly‑regarded Richland 2 School District (Langford Elementary, Muller Road Middle, Blythewood High).
    • Conveniently located approximately 30 minutes from downtown Columbia.
    • Allows for the construction of guest cottages, private garages, stables, barn apartments, and other outbuildings.
    • Domestic and non‑nuisance farm animals are permitted.
    • Restrictive covenants ensure quality construction with minimum 2,000 sq ft homes and approved exterior materials (wood, brick, stone, or hardi‑plank).

    Overview

    Located in Richland County, South Carolina, this vacant land offers acreage living in a quiet area near Blythewood. The property is situated within the Richland 2 School District. Lot sizes range from 1 acre to 19 acres. The location is along Hidden Valley Road and Peake Road, approximately a 30-minute drive to downtown Columbia. Key restrictive covenants include a minimum of 2,000 heated and cooled square feet for the main residence. Permitted materials are wood, brick, stone, or hardi-plank. RVs and boats must have screened or enclosed coverage. Domestic and non-nuisance farm animals are allowed. Guest cottages, private garages, stables, barn apartments, and other associated out-buildings are permitted. The property is zoned for Richland 2 Schools, specifically Langford Elementary School, Muller Road Middle School, and Blythewood High School. Several private schools are located nearby, including Cardinal Newman (28 minutes), Ben Lippen (35 minutes), Hammond (38 minutes), and Heathwood (40 minutes). This is Lot 2 of 34 and consists of 1.22 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kershaw
    State
    South Carolina
    Longitude
    -80.851143
    Latitude
    34.25752

    Nearby Similar for Sale

    • $495,000

      Prime Commercial Corner Lot

      Corner commercial lot in Elgin, SC, with development potential.
      2491 and 2483 Main Street, Elgin, SC 29045
      View Details
    • $220,000
      200 SF

      Corner Lot with Office Space

      0.69 acre lot with office space in Elgin, SC.
      10804 Two Notch Road, Elgin, SC 29045
      View Details
    • $72,000

      Elgin Commercial Land For Sale

      Commercial land suitable for a small business or shop.
      759 Kirkland Circle, Elgin, SC 29045
      View Details
    • $219,500

      Elgin SC Land Opportunity

      13.78 acres of multi-use land just outside town limits.
      2206 S Highway 1 S, Elgin, SC 29045
      View Details
    • $50,000

      Spacious Homesite in Established Neighborhood

      0.85-acre homesite in Elgin, SC, ready for your dream home.
      62 Choctaw Circle, Elgin, SC 29045
      View Details
    • $165,360

      Elgin Vacant Land Opportunity

      Acreage living near Blythewood, build your dream home!
      0032 Hidden Valley Road, Elgin, SC 29045
      View Details
    • $225,000

      Corner Lot in Elgin, SC

      0.6 acre corner lot, one block from Highway 1.
      2418 Campbell Street, Elgin, SC 29045
      View Details
    • $701,225
      4,007 SF

      Boutique Office Building For Sale

      4,007 SF office building in Woodcreek Farms development.
      1710 Woodcreek Farms Rd, Elgin, SC 29045
      View Details
    • $365,000
      1,934 SF

      Elgin Office Building For Sale

      Standalone office building in Elgin, SC, with expansion potential.
      1253 Pine St, Elgin, SC
      View Details
    • $148,950

      Land for Dream Home in Elgin

      Acreage for custom home in Richland County, near Blythewood.
      030 Peake Road, Elgin, SC 29045
      View Details
    • $135,450

      Elgin Vacant Land Opportunity

      Acreage living near Blythewood, build your dream home!
      022 Peake Road, Elgin, SC 29045
      View Details
    • $122,100

      Land for Dream Home in Elgin

      Acreage living near Blythewood, build your dream home!
      014 Peake Road, Elgin, SC 29045
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Acreage living near Blythewood, build your dream home!
    Where is this residential land & home lot located?
    The property is located at 002 Peake Road Elgin, SC.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Acreage lots available in a desirable area of Richland County, ranging from 1 to 19 acres, offering ample space for a custom home.; Located within the highly‑regarded Richland 2 School District (Langford Elementary, Muller Road Middle, Blythewood High).; Conveniently located approximately 30 minutes from downtown Columbia.
    (803) 459-4575
    We can help!
    Listing Contact
    Travis Christmas
    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.
    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

    Thank You for Inquiry
    002 Peake Road, Elgin, SC 29045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!