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

    2516 North Fraser St. Georgetown, SC 29440

    View on Map
    Claim this Listing
    Pending
    $650,000

    Acreage - Georgetown, SC

    Lot size:
    12.26 Acres
    Added:
    Jul 16, 2018
    Days on Market:
    2848
    Last Refresh:
    May 2 at 8:06 pm

    Property Features for 2516 North Fraser St.

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SPLIT
    Standard status
    Pending
    Lot size
    12.26 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Susan McClary

    Listing agent Susan McClary

    Listing office Pawleys Seaside Realty 34 Clifton Drive, Pawleys Island, SC

    Listing date Jul 16, 2018

    MLS# 1815025 Listing URL

    Copyright © 2026 Coastal Carolina 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.

    Overview

    Georgetown Acreage on Highway 701

    This 12.26-acre tract of land is located on Highway 701 in Georgetown, South Carolina, just north of Walmart in Kensington, beside The Crossings Assisted Living. The property has great development potential and is suitable for creating an estate close to town. The current zoning is split usage. Multiple upgrades to the property have already been completed by the seller. Water and sewer tap are located on the front of the property. An adjacent 12+ acre property is also listed for sale; purchasing both would create approximately 25 acres of prime real estate with almost 400 feet of frontage on Highway 701 (North Fraser Street). Zoning use to be verified by buyer. The property is located 1 1/2 miles north of Walmart.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Auto Parts Store Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.301849
    Latitude
    33.341291

    Nearby Similar for Sale

    • $695,000
      3,432 SF

      Georgetown Restaurant Opportunity For Sale

      Former restaurant on 1.73 acres in Georgetown, South Carolina.
      1740 Highmarket St., Georgetown, SC 29440
      View Details
    • $349,900

      Commercially Zoned Land in Georgetown

      3.37 acres of commercially zoned land in historic Georgetown, SC.
      3120 Highmarket Street, Georgetown, SC 29440
      View Details
    • $349,900

      Georgetown Commercial Land Opportunity

      Prime commercial land in historic Georgetown, SC, for sale.
      3120 Highmarket St., Georgetown, SC 29440
      View Details
    • $3,000,000
      21,330 SF

      Versatile Commercial Property, Georgetown, SC

      21,330 SF commercial property on 2.7 acres for sale.
      69 Jessamine Ave., Georgetown, SC 29440
      View Details
    • $599,000

      Georgetown Acreage with Dual Residences

      Versatile property with two homes, ideal for various uses.
      2422 Pennyroyal Rd., Georgetown, SC 29440
      View Details
    • $829,000

      Georgetown Acreage with Rental Income

      1.75 acres with commercial and residential rental income.
      2304 Highmarket St., Georgetown, SC 29440
      View Details
    • $589,000

      Waterfront Lot in ICW Community

      Waterfront lot with planned amenities in Georgetown, South Carolina.
      Lot 177 Cravens St., Georgetown, SC 29440
      View Details
    • $829,000
      1,056 SF

      Georgetown Mixed-Use Investment Opportunity

      Nine parcels on 1.75 acres with rental income.
      2310 Highmarket St., Georgetown, SC 29440
      View Details
    • $225,000

      Georgetown Commercial Lot For Sale

      2.15 acre commercial lot in Georgetown, South Carolina.
      LOT 11-TBD Old Charleston Rd., Georgetown, SC 29440
      View Details
    • $323,900

      Georgetown Land with Highway Frontage

      5.9+ acre commercial land with highway frontage on US Hwy 17.
      11473 S Fraser Street, Georgetown, SC 29440
      View Details
    • $75,000

      Georgetown 5-Acre Homesite and Hunting

      5 acres near Georgetown, SC, ideal for recreation and building.
      835 Indian Hut Rd., Georgetown, SC 29440
      View Details
    • $475,000

      Residential Lot in Gated Community

      Homesite in DeBordieu Colony with golf course views.
      Lot 173 Sanderling Ave., Georgetown, SC 29440
      View Details

    FAQs

    What type of property is this?
    Land - Large tract with development potential near Highway 701 and Walmart.
    Where is this land located?
    The property is located at 2516 North Fraser St. Georgetown, SC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Large tract of land - development potential or estate opportunity.; Option to purchase adjacent 12+ acres, creating a combined 25 acres.; Approximately 400 feet of frontage on Highway 701 (North Fraser Street).
    (843) 240-1466
    We can help!
    Listing Contact
    Susan McClary
    Real Estate License ID: 19123
    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

    Thank You for Inquiry

    2516 North Fraser St., Georgetown, SC 29440

    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!