Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2216 Waddell Road Port Royal, SC 29935

    View on Map
    For Sale
    $820,000

    Land/Lots - Port Royal, SC

    Lot size:
    2.02 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 3 at 7:06 am

    Property Features for 2216 Waddell Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.02 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    The Greco Group

    Listing agent The Greco Group

    Listing office Greco Group Brokered by eXp Realty (962) 708 Carteret Street, Bluffton, SC

    Listing date Mar 27, 2026

    MLS# 448628 Listing URL

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

    Overview

    Prime Land in Beaufort, SC

    This 2.02-acre parcel of land in Beaufort, SC, is ideally suited for residential development. The property features a central location with a private, tranquil setting, enhanced by a small pond at the rear. Located in Port Royal and Beaufort County, the land offers access to a thriving market with significant growth potential. Nearby attractions include Sands Beach, the vibrant downtown area, and the new Port development, which features a marina, shops, restaurants, and waterfront walkways. The listing also includes the adjacent lot at 2509 Twin Oaks Lane.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Royal
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.687805
    Latitude
    32.392612

    Nearby Similar for Sale

    • $6,000,000

      Commercial Property with Development Potential

      High-traffic location with laundromat, car wash, and restaurant potential.
      1800 Ribaut Road, Port Royal, SC 29935
      View Details
    • $950,000

      Prime Corner Lot in Port Royal

      0.23-acre mixed-use parcel in vibrant Port Royal's T4-Urban Center.
      1008 Paris Avenue, Port Royal, SC 29935
      View Details
    • $950,000

      Port Royal Storage Facility For Sale

      Established storage facility with high occupancy near proposed developments.
      1827 Ribaut Road, Port Royal, SC 29935
      View Details
    • $925,000

      Port Royal Mixed-Use Opportunity

      Mixed-use property in the heart of Port Royal, South Carolina.
      1103 Paris Avenue, Port Royal, SC 29935
      View Details
    • $950,000

      Highway Frontage Storage Facility

      Established storage facility with high occupancy.
      1827 Ribaut Road, Port Royal, SC 29935
      View Details
    • $4,000,000

      Profitable Laundromat on Ribaut Road

      Successful laundromat business for sale in high-traffic Port Royal.
      1810 Ribaut Road, Port Royal, SC 29935
      View Details
    • $825,000

      Prime Commercial Development Opportunity

      High-traffic location approved for restaurant and retail development.
      1750 Ribaut Road, Port Royal, SC 29935
      View Details
    • $2,000,000

      Prime Commercial Land in Port Royal

      High-traffic location suitable for commercial or retail development.
      1750/1802 Ribaut Road, Port Royal, SC 29935
      View Details
    • $949,000

      Residential Land in Port Royal

      3.94-acre residential land near Broad River Bridge.
      547 Broad River Boulevard, Port Royal, SC 29906
      View Details
    • $1,250,000

      Commercial Land on Ribaut Road

      High-visibility commercial land with redevelopment potential in Port Royal.
      1802 Ribaut Road, Port Royal, SC 29935
      View Details
    • $779,000

      Historic Port Royal Mixed-Use Property

      Renovated mixed-use property in historic Port Royal, South Carolina.
      1503 Paris Avenue, Port Royal, SC 29935
      View Details
    • $1,200,000

      Turnkey Restaurant Investment Opportunity

      Prime real estate with restaurant, living unit, and parking.
      925 10th Street, Port Royal, SC 29935
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.02 acres of land, perfect for residential development.
    Where is this residential land & home lot located?
    The property is located at 2216 Waddell Road Port Royal, SC.
    What is the asking price?
    The asking price for this property is $820,000.
    What are key features of this property?
    This property features: Large 2.02‑acre parcel suitable for residential development.; Central location in Beaufort, SC with a private, tranquil setting.; Includes adjacent lot: 2509 Twin Oaks Lane.
    (704) 561-6815
    We can help!
    Listing Contact
    The Greco Group
    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!