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    300 Tunnel Town Road Mountain Rest, SC 29664

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    Claim this Listing
    New
    For Sale
    $649,900

    MULTI_FAMILY - Mountain Rest, SC

    Lot size:
    13.87 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 16 at 7:06 pm

    Property Features for 300 Tunnel Town Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    WaterHeater
    Standard status
    Active
    APN
    105-00-01-010
    Lot size
    13.87 Acres

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Multi Units
    Water source
    Private, Well

    Building Details

    Number of units
    10
    Building materials
    VinylSiding

    We can help!

    Listing Contact
    Cliff Powell
    Cliff Powell

    Listing agent Cliff Powell License #98545

    Listing office Powell Real Estate 3802 BLUE RIDGE BLVD, Walhalla, SC

    Listing date Apr 13, 2026

    MLS# 20299915 Listing URL

    Copyright © 2026 Western Upstate 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

    Mobile Home and RV Park

    This 13.87+ acre mobile home and RV park presents an investment opportunity with rental income and expansion potential. The property is located near Sumter National Forest, within biking distance of Stumphouse Mountain Biking Park, 10 minutes from the Wild and Scenic Chattooga River, and 20 minutes from Lake Keowee. The property includes two commercial-grade wells, multiple build sites, and mountain views from the rear. Existing structures include three mobile homes, a stick-built home, and six rented RV spots, generating approximately $5,500 in monthly income. Current rental rates are: $750 per month for the stick-built home, $450, $750, and $850 per month for the mobile homes, and $450 per month for each of the six RV sites. Additional features include a 24x36x12x48 shop building with electricity and water, sheds for equipment, a 12x24 carport, and 220 power. An unused septic system offers the possibility of adding another home or tiny house. This property is suited for investors seeking passive income, mobile home development, or expansion opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Food Market Grocery & Convenience Store Computer & Electronic Repair Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Rest
    County
    Oconee
    State
    South Carolina
    Longitude
    -83.127311
    Latitude
    34.8270049

    Nearby Similar for Sale

    • $725,000
      3,400 SF

      Farmhouse on Fenced Pastureland

      Charming farmhouse on 11.64 acres, ideal for horse lovers.
      225 Whetstone Mountain Road, Mountain Rest, SC 29664
      View Details
    • $299,900

      Mountain Rest Multifamily Investment Opportunity

      Versatile mountain complex with multiple buildings and expansion potential.
      614 Village Drive, Mountain Rest, SC 29664
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 13.87 acre mobile home and RV park for sale.
    Where is this mobile home & rv park located?
    The property is located at 300 Tunnel Town Road Mountain Rest, SC.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: High Income Potential: Generates approximately $5,500/month from existing rentals (homes and RV spots).; Expansion Opportunities: 13.87+ acres with multiple build sites and one unused septic system for additional units.; Prime Location: Close to Sumter National Forest, Stumphouse Mountain Biking Park, Chattooga River, and Lake Keowee.
    (864) 985-2353
    We can help!
    Listing Contact
    Cliff Powell
    Cliff Powell
    Real Estate License ID: 98545
    Learn More
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    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
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