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

    235 Old Plantation Drive W Beaufort, SC 29907

    View on Map
    For Sale
    $480,000

    LAND - Beaufort, SC

    Lot size:
    3.79 Acres
    Added:
    May 11, 2024
    Days on Market:
    692
    Last Refresh:
    Apr 2 at 1:06 pm

    Property Features for 235 Old Plantation Drive W

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    R200-005-00b-0037-0000
    Lot size
    3.79 Acres

    Taxes and HOA fees

    TaxDescription
    LOT 15 BLK A WALLING GROVE S/D PH II PB41 P47 T ACCT RB 1988-1991

    We can help!

    Listing Contact
    Brian Lazenby

    Listing agent Brian Lazenby License #129219

    Listing office The HomesFinder Realty Group 208 Carteret Street, Beaufort, SC

    Listing date May 11, 2024

    MLS# 185208 Listing URL

    Copyright © 2025 Lowcountry Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land in Walling Grove

    This residential land is located on a quiet cul-de-sac in the Walling Grove Plantation neighborhood of Beaufort, South Carolina. The property offers an expansive amount of waterfrontage along the intercoastal waterway, providing views of sunrises over the Coosaw River. The lot size is 3.79 acres. This property is intended for residential use as a coastal retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Travel Agency (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.658479
    Latitude
    32.497574

    Nearby Similar for Sale

    • $650,000

      Established Restaurant Business For Sale

      Turnkey restaurant business with strong revenue and growth potential.
      111 Ribaut Road, Beaufort, SC 29902
      View Details
    • $1,250,000

      Established Restaurant Business Opportunity

      Profitable restaurant business with prime location and high traffic.
      111 Ribaut Road, Beaufort, SC 29902
      View Details
    • $2,495,000

      Redevelopment Opportunity in Beaufort, SC

      Rare mixed-use redevelopment site with high visibility and trail access.
      12 Neil Road, Beaufort, SC 29906
      View Details
    • $525,000

      Prime Commercial Land in Beaufort

      Development opportunity in historic downtown Beaufort with high visibility.
      1010 Boundary Street, Beaufort, SC 29902
      View Details
    • $525,000

      Beaufort Commercial Land For Sale

      1.78 acre commercial parcel in Beaufort's commercial district.
      85 Burton Hill Road, Beaufort, SC 29902
      View Details
    • $638,000

      Commercial Retail and Warehouse Space

      Two commercial retail and warehouse spaces on US 21.
      2749 Boundary Street, Beaufort, SC 29906
      View Details
    • $799,000

      Highway Frontage Commercial Site

      One acre commercial site with existing mechanic shop.
      3520 Trask Parkway, Beaufort, SC 29906
      View Details
    • $500,000

      Beaufort Land with Mixed-Use Zoning

      7.22-acre property with C5 zoning, ideal for development.
      82 Broad River Boulevard unit: B, Beaufort, SC 29906
      View Details
    • $500,000

      Beaufort Commercial Land for Sale

      7.22-acre commercial land with mixed-use zoning in Beaufort, SC.
      82 Broad River Boulevard unit: B, Beaufort, SC 29906
      View Details
    • $675,000

      Prime Commercial Parcel in Beaufort

      5-acre commercial parcel in Beaufort's growing business corridor.
      295 Parris Island, Beaufort, SC 29906
      View Details
    • $950,000

      Beaufort Commercial Development Acreage

      Prime commercial land near Mint Farms and Battery Creek High School.
      58 Possum Hill Road, Beaufort, SC 29906
      View Details
    • $950,000

      Beaufort County Land Opportunity

      4.46 acres in Beaufort, suitable for commercial development.
      26 Broad River Boulevard, Beaufort, SC 29906
      View Details

    FAQs

    What type of property is this?
    Land - Residential land with intercoastal waterway frontage in Beaufort, South Carolina.
    Where is this land located?
    The property is located at 235 Old Plantation Drive W Beaufort, SC.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Waterfront property on the intercoastal waterway.; Located in the desirable Walling Grove Plantation neighborhood.; Expansive waterfrontage.
    (843) 597-6745
    We can help!
    Listing Contact
    Brian Lazenby
    Real Estate License ID: 129219
    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!