Add Listing
    For Sale
    • 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

    1015 B Elgin Estates Drive Elgin, SC 29045

    View on Map
    Claim this Listing
    For Sale
    $74,900

    Residential - Elgin, SC

    Lot size:
    3.00 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 17 at 8:06 pm

    Property Features for 1015 B Elgin Estates Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000-00-00-000
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cassandra Hollis

    Listing agent Cassandra Hollis

    Listing office Keller Williams Preferred 140 Wildewood Park Drive, Columbia, SC

    Listing date Apr 8, 2026

    MLS# 631393 Listing URL

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

    Overview

    Cleared Land Parcel Near Elgin

    This is a 3-acre tract of land that is mostly cleared with a gentle grade. The property has been perked for a 4-bedroom home. County water is available. The lot is located one block off Hwy 1 near Elgin. It is suitable for building a home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elgin
    County
    Kershaw
    State
    South Carolina
    Longitude
    -80.768862
    Latitude
    34.182572

    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
    • $350,000

      Elgin Commercial Land For Sale

      One acre commercial land with highway frontage in Elgin, SC.
      2550 Main Street, Elgin, SC 29045
      View Details
    • $100,000

      Elgin Acreage: Build Your Dream

      9.28 acres in Elgin, SC, ready for your vision.
      1128 Tookie Doo Avenue, 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
    • $72,000

      Elgin Commercial Land For Sale

      Commercial land suitable for a small business or shop.
      759 Kirkland 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
    • $40,000

      Residential Land in Quiet Area

      Acreage living near Blythewood, build your dream home!
      002 Peake Road, Elgin, SC 29045
      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

    FAQs

    What type of property is this?
    Residential land & home lot - Three-acre residential land parcel ready for new construction.
    Where is this residential land & home lot located?
    The property is located at 1015 B Elgin Estates Drive Elgin, SC.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: 3‑acre tract of land; Perked for a 4‑bedroom home; Mostly cleared with a gentle grade
    (803) 602-6500
    We can help!
    Listing Contact
    Cassandra Hollis
    Real Estate License ID: 38893
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!