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

    2024 Scurry Island Rd Chappells, SC 29037

    View on Map
    Sponsored
    For Sale
    $1,300,000

    Residential/Subdivision Lot - Chappells, SC

    Type:Single Family Residence
    Property size:
    1,600 SF
    Lot size:
    5.20 Acres
    Days on Market:
    22
    Last Refresh:
    Mar 11 at 12:06 am

    Property Features for 2024 Scurry Island Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    N/A
    Exterior features
    Garage(s), Boat House, Boat Ramp, Pier
    Size
    1,600 SF
    Lot size
    5.20 Acres

    Taxes and HOA fees

    Expense value
    15
    Expense
    Home Owner Assessments Fee

    Utilities

    Water front features
    700feet Of Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Boat House, Garage(s)

    We can help!

    Listing Contact
    Abney Skip Smith

    Bush River Realty, LLC (864) 547-8469

    Listing agent Abney Skip Smith (864) 547-8469

    Listing date Feb 17, 2026

    MLS# 132135 Listing URL

    Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Greenwood Residential/Subdivision Opportunity

    This 5.2-acre property on Lake Greenwood offers a unique opportunity, featuring an existing family summer lake house and potential for further development. The property includes approximately 700 feet of shoreline with views of the open water. The existing 1600 square foot lake house, built in 1967, is situated on a 1.8-acre parcel and features an open floor plan and a split bedroom layout with an en suite main bedroom and a Jack and Jill bathroom for the guest bedrooms. A large back porch provides space for relaxing and entertaining. The property includes a dock and a private boat ramp for water access, along with a double car garage/boat house. The lake house needs repairs and updates and is being sold in "AS IS" condition. An adjoining 2.3-acre parcel offers a level building spot with a gentle slope to the water, suitable for building a new home. The property is further enhanced by a 1.1-acre buffer across the street, providing additional privacy. Located between Greenwood, Newberry, and Clinton, the property is close to dining options while maintaining a peaceful, secluded atmosphere. Greenwood State Park, offering amenities such as a fishing pier, boat ramps, campsites, a nature trail, and picnic shelters, is located a few miles away. The property includes Tax Map 6-2-1, 6-2-2 and 6-2-38.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Chappells
    County
    Newberry
    State
    South Carolina
    Longitude
    -81.901062
    Latitude
    34.19403

    FAQs

    What type of property is this?
    Residential land & home lot - 5.2 acres on Lake Greenwood with existing lake house.
    Where is this residential land & home lot located?
    The property is located at 2024 Scurry Island Rd Chappells, SC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - 5.2 acres with **700 +\/- feet of Lake Greenwood shoreline offering long-range water views.**; - Includes a 1600 sq ft lake house (needs repairs) with a split bedroom layout, en suite main bedroom, and jack and jill bathroom.; - **Features a private boat ramp and dock for immediate water access.**
    (864) 923-9109
    Request Owner's contact information
    2024 Scurry Island Rd Chappells, SC 29037
    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.
    2024 Scurry Island Rd
    Chappells, SC 29037
    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
    2024 Scurry Island Rd Chappells, SC 29037
    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

    We can help!
    Listing Contact
    Abney Skip Smith
    (864) 923-9109 (864) 547-8469
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!