Add Listing
    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

    421 W Point Gilbert, SC 29054

    View on Map
    For Sale
    $219,000

    Land, Other - Gilbert, SC

    Lot size:
    0.51 Acres
    Added:
    Dec 11, 2025
    Days on Market:
    111
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 421 W Point

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.51 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Terri Scheper
    Terri Scheper

    Listing agent Terri Scheper License #25611,PersonLicenseNumber

    Listing office NextHome Specialists 107 Brookside Parkway, SC

    Listing date Dec 11, 2025

    MLS# 623131 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Murray Waterfront Lot

    This half-acre, lightly wooded lakefront lot is located in a peaceful cove in Gilbert, South Carolina, and offers big-water views. The property is deck and dock approved. Public water and sewer are already on site. The property is lightly restricted, and mobile homes are permitted with approval. This lot is suited for building a full-time lake home, a weekend escape, or an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Big Box & Wholesale Store Auto Parts Store Department Store Bar & Pub Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.4344146
    Latitude
    34.0231978

    Nearby Similar for Sale

    • $400,000
      1,680 SF

      Established Retail Space in Gilbert

      Turnkey retail space with commercial kitchen and ample parking.
      505 Wire RD, Gilbert, SC 29054-8979
      View Details
    • $999,900

      13 Acre Development Opportunity

      Development potential near Lexington/Gilbert area with flexible zoning.
      173 Schofield Road, Gilbert, SC 29054
      View Details
    • $550,000

      Lake Murray Cottage with Potential

      Cottage on nearly an acre with lake views.
      1233 Shull Island Road, Gilbert, SC 29054
      View Details
    • $1,550,000

      Versatile Land with Stocked Ponds

      31.21 acres in Gilbert, SC with ponds and pastureland.
      421 & 0 Shore Road, Gilbert, SC 29054
      View Details
    • $300,600

      Commercial Land Near Interstate I-20

      6.68 acres of commercial land with high visibility and frontage.
      TBD Neely Wingard Road, Gilbert, SC 29054
      View Details
    • $825,000

      Lake Murray Waterfront Building Lot

      2.65-acre waterfront property with stunning lake views and dock.
      1148 Shull Island Road, Gilbert, SC 29054
      View Details
    • $931,500

      Prime Commercial Land I-20 Frontage

      20.1 acres with I-20 frontage, ideal for development.
      TBD Neely Wingard Road, Gilbert, SC 29054
      View Details
    • $587,000
      5,000 SF

      5,000 SF Insulated Metal Building

      5,000 SF insulated metal building on 2.46 acres.
      9 Canvasback Road, Gilbert, SC 29054
      View Details
    • $95,000

      Residential Land Near Lexington

      1.99-acre residential land parcel in Gilbert, SC, near Lexington.
      Hayes Crossing Road 5-B, Gilbert, SC 29054
      View Details
    • $95,000

      Gilbert, SC Residential Land

      1.99-acre parcel near Lexington and Lake Murray.
      Hayes Crossing Road 4-B, Gilbert, SC 29054
      View Details
    • $269,000

      Lake Murray Waterfront Lot

      Prime waterfront lot with new dock and boat lift.
      334 Breezy Bay Court, Gilbert, SC 29054
      View Details
    • Contact for pricing
      20,791 SF

      Office and Manufacturing Space Available

      Office and manufacturing space with expansion potential on 6.41 acres.
      4335 Augusta Hwy, Gilbert, SC 29054
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Half-acre lakefront lot with utilities and big-water views.
    Where is this waterfront land located?
    The property is located at 421 W Point Gilbert, SC.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: Lake Murray Waterfront Lot; DECK/DOCK APPROVED for enjoying the water; Public Water and Sewer On‑Site
    (803) 600-4485
    We can help!
    Listing Contact
    Terri Scheper
    Terri Scheper
    Real Estate License ID: 25611,PersonLicenseNumber
    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!