Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    312 Sourwood Dr Westminster, SC 29693

    Sponsored
    For Sale
    Contact for pricing

    LAND - Westminster, SC

    Lot size:
    0.24 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 3 at 4:06 am

    Property Features for 312 Sourwood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    315-06-03-015
    Pets allowed
    Yes
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Red Hot Homes

    Keller Williams Western Upstate (864) 225-8006

    Listing agent Red Hot Homes (864) 225-8006

    Listing date Jan 28, 2026

    MLS# 20284585 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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Foxwood Hills

    This residential wooded homesite is located in Section C of the Foxwood Hills subdivision. The property is a short golf cart or bike ride to the boat launch and park. Utilities are run on the street and ready for builder connection. Community amenities include fishing, boating, hiking, tennis, basketball, a fitness room, and an Olympic size salt water pool. The Clubhouse features a remodeled lounge and restaurant with views of the surrounding hills. The Clubhouse also houses administrative offices and a game room. Minimum square footage for a home is 650 sq ft. Mobile or modular homes are not allowed in this section. The property is located in Westminster, South Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel Garden Center Furniture & Home Goods Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Oconee
    State
    South Carolina
    Longitude
    -83.104319
    Latitude
    34.553364

    Nearby Similar for Sale

    • $269,000
      1,830 SF

      Remodeled Duplex Investment Opportunity

      Turn-key duplex with updated systems, ready for immediate occupancy.
      114 Anderson Ave, Westminster, SC 29693
      View Details
    • $8,000,000
      378.00 Acres

      Westminster Acreage with Custom Home

      378 acre estate featuring custom home and lake lodge.
      1944 Dr. Johns Rd, Westminster, SC 29693
      View Details
    • $395,000
      0.29 Acres

      Westminster Commercial Building for Sale

      Commercial building suitable for medical or business office use.
      104 W Oak Hwy, Westminster, SC 29693
      View Details
    • $4,500,000
      110.00 Acres

      Westminster Estate with Pond and Shop

      110-acre estate featuring a custom home, pond, and shop.
      120 Lonesome Valley Rd, Westminster, SC 29693
      View Details
    • New
      $195,000

      Charming Commercial Building on Highway 123

      Retail or restaurant opportunity on high-traffic Highway 123 in Westminster.
      3518 Toccoa Hwy, Westminster, SC 29693
      View Details
    • $75,000
      0.15 Acres

      Corner Lot with RV Included

      Two lots in lakefront community with RV and amenities.
      919 Talbot Dr, Westminster, SC 29693
      View Details
    • $120,000
      0.14 Acres

      RV and Guest House on Lot

      Well-maintained RV, guest house, and double lot near Lake Hartwell.
      443 Kinston Loop Dr, Westminster, SC 29693
      View Details
    • Contact for pricing
      0.27 Acres

      Lake Hartwell Community Land

      Gated community land near Lake Hartwell and golf course.
      S Arrowhead Dr, Westminster, SC 29693
      View Details
    • $142,500
      1,148 SF

      Westminster Commercial Space For Sale

      Versatile commercial space in high-traffic location, ready for your vision.
      111 Retreat St, Westminster, SC 29693
      View Details
    • $175,000
      Pending

      Highway Frontage Commercial Property

      Commercial property with high visibility and traffic exposure on 1.1 acres.
      810 Sportin Life Ln, Westminster, SC 29693
      View Details
    • Contact for pricing
      170,417 SF

      New Industrial Manufacturing Building

      Brand new 170,417 SF manufacturing building in Westminster, SC.
      365 Oconee Business Pkwy, Westminster, SC
      View Details
    • $1,000,000
      15,000 SF

      Highway 11 Flea Market

      Multi-use commercial property with income potential on high-traffic highway.
      4265 South Carolina 11, Westminster, SC 29693
      View Details

    FAQs

    What type of property is this?
    Land - Residential wooded homesite with community amenities in Westminster, South Carolina.
    Where is this land located?
    The property is located at 312 Sourwood Dr Westminster, SC.
    What is the asking price?
    The asking price for this property is $10,500.
    What are key features of this property?
    This property features: - Access to community amenities: Olympic size salt water pool, tennis, basketball, fitness room, game room, and clubhouse with remodeled lounge and restaurant.; - Located in Foxwood Hills, a desirable subdivision with restrictions to maintain property values (no mobile/modular homes).; - Proximity to boat launch and park (short golf cart or bike ride).
    (864) 650-4242
    Request Owner's contact information
    312 Sourwood Dr Westminster, SC 29693
    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.
    312 Sourwood Dr
    Westminster, SC 29693
    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
    312 Sourwood Dr Westminster, SC 29693
    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

    We can help!
    Listing Contact
    Red Hot Homes
    (864) 650-4242
    Learn more
    Google sign-in failed. Please try again or use another login method.