Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    2846 New Home Circle Conway, SC 29526

    View on Map
    Claim this Listing
    For Sale
    $565,000

    Acreage - Conway, SC

    Lot size:
    42.66 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    250
    Last Refresh:
    May 5 at 7:06 pm

    Property Features for 2846 New Home Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    LFA
    Exterior features
    Residence
    Standard status
    Active
    Lot size
    42.66 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Residence

    We can help!

    Listing Contact
    Sylvia Simpson
    Sylvia Simpson

    Listing agent Sylvia Simpson

    Listing office Watermark Real Estate Group PO Box 956, Murrells Inlet, SC

    Listing date Aug 29, 2025

    MLS# 2521380 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

    Conway Acreage: Country Living

    This 42.66-acre property is located just outside the city limits of Conway, South Carolina. Zoned LFA (Limited Forest/Agriculture), it allows for a variety of uses including agriculture, forestry, low-density residential, limited commercial, social, cultural, recreational, and religious purposes. This land presents an ideal setting to build a home, create a farm, or invest for the future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9280023
    Latitude
    33.9499103

    Nearby Similar for Sale

    • $3,000,000
      3,104 SF

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 W Highway 501, Conway, SC 29526
      View Details
    • $3,000,000

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 W Highway 501, Conway, SC 29526
      View Details
    • $2,500,000
      6,215 SF

      Conway Retail and Business Opportunity

      Retail property with business on approximately 1.25 acres.
      965 Bucksport Rd., Conway, SC 29527
      View Details
    • $740,000
      1,184 SF

      Turn Key Hospitality Building

      Hospitality building in historic district with high foot traffic.
      337 Main St., Conway, SC 29526
      View Details
    • $358,478

      Highway 90 Commercial Lot For Sale

      1.5 acre commercial lot on Highway 90 in Conway, SC.
      915 Highway 90, Conway, SC 29526
      View Details
    • $149,900

      Pond-Front Lot in Wild Wing

      Build-ready 0.23-acre lot in amenity-rich Wild Wing Plantation.
      1867 Wood Stork Dr., Conway, SC 29526
      View Details
    • $250,000

      Conway Land with Utilities

      4.49-acre lot with utilities, no HOA, near Conway.
      799 Redmond Ct., Conway, SC 29526
      View Details
    • $3,000,000
      21,098 SF

      Riverfront Inn Hospitality Investment

      45-room hotel in Conway, SC near Myrtle Beach.
      1004 Waccamaw Dr., Conway, SC 29526
      View Details
    • $359,900

      Conway Acreage with Steel Building

      6.18-acre property in Conway, SC, build-ready with steel building.
      2230 Pee Dee Hwy., Conway, SC 29527
      View Details
    • $370,000

      Two Homes in Conway, SC

      Two adjacent manufactured homes, ideal for investment or multi-family living.
      1015-1017 Franks Ln., Conway, SC 29526
      View Details
    • $70,000

      Wooded Residential Lot Near Conway

      Spacious homesite close to downtown, university, and beaches.
      TBD LOT 5 Old Reaves Ferry Rd., Conway, SC 29526
      View Details
    • $325,000

      Conway Residential Lot with Acreage

      5.72 acre residential lot near Conway with existing home.
      1260 Knotty Branch Rd., Conway, SC 29527
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 42.66 acres near Conway, SC, ideal for diverse uses.
    Where is this agricultural land / farmland located?
    The property is located at 2846 New Home Circle Conway, SC.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: Large 42.66 acre property offers ample space and privacy.; Located just outside city limits of Conway, providing a blend of country living and city access.; Zoned LFA (Limited Forest/Agriculture) allowing for diverse uses: agriculture, forestry, residential, and more.
    (803) 804-1008
    We can help!
    Listing Contact
    Sylvia Simpson
    Sylvia Simpson
    Real Estate License ID: 26558
    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
    2846 New Home Circle, Conway, SC 29526
    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!