Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Okatie Land Development Opportunity Title is generated by Realmo AI

    50 Callawassie Drive, Okatie, SC 29909

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $2,000,000

    Land/Lots - Okatie, SC

    Lot size:
    24.66 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    39
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 50 Callawassie Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    24.66 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Catherine Cobb
    Catherine Cobb

    Listing agent Catherine Cobb

    Listing office Southeastern Fine Properties (910) 715 Bell Road, Ellabell, SC

    Listing date Apr 6, 2026

    MLS# 500773 Listing URL

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

    HighLights

    • Prime 24.66‑acre development opportunity in Okatie, SC.
    • Located on the corner of Hwy 170 & Callawassie Drive with 694 linear feet of frontage, dedicated turn lane, and traffic light.
    • Exceptional elevations within the X zone (outside of flood plain).
    • Suitable for mini farms, equestrian homestead, or residential community.
    • BJWA Water & Sewer and Electricity availability to the site.
    • Central location near Beaufort, Bluffton, and Hilton Head.

    Overview

    This property presents a prime development opportunity with 24.66 acres located in Okatie, South Carolina, at the corner of Highway 170 and Callawassie Drive. It features 694 linear feet of frontage, complete with a dedicated turn lane and traffic light. The land is suitable for various uses, including mini farms, equestrian homesteads, or a residential community, and is located near the entrances to Callawassie and Spring Islands. The area is considered a low-density region centrally located to Beaufort, Bluffton, and Hilton Head. The property boasts exceptional elevations within the X zone, placing it outside of the flood plain. BJWA Water & Sewer services and electricity are available to the site. The zoning is T2 Rural. The property includes parcel IDs R600-010-000-0006-0000 and R600-009-000-0031-0000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Building Supply Dental Office Hotel & Motel Pharmacy Food Market Grocery & Convenience Store Cafe & Coffee Shop Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Okatie
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.8665907
    Latitude
    32.3613039

    Nearby Similar for Sale

    • $495,000

      2.2 Acres on Highway 170

      2.2 acres of commercial land with highway frontage.
      3119 Okatie Highway, Okatie, SC 29909
      View Details
    • $600,000

      Undeveloped Land on Hwy 170

      3.7 acres of commercial land with highway frontage.
      3105 Okatie Highway, Okatie, SC 29909
      View Details
    • $495,000

      Okatie Commercial Land For Sale

      2.2 acre commercial land with highway frontage in Okatie.
      3119 Okatie Highway, Okatie, SC 29909
      View Details
    • $600,000

      Undeveloped Land on Hwy 170

      3.7 acres of commercial land with highway frontage.
      3105 Okatie Highway, Okatie, SC 29909
      View Details
    • $1,659,500

      Commercial Property on Highway 170

      Commercial property with frontage on Highway 170 in Okatie, SC.
      TBD N Okatie Highway, Okatie, SC 29909
      View Details
    • $748,000

      Prime Commercial Lot on Highway

      1.35 acre commercial lot in Okatie Village.
      235 Okatie Village Dr, Okatie, SC 29909
      View Details
    • $619,000

      Okatie Land For Sale

      0.93 acre commercial land with high visibility and frontage.
      1865 N Okatie Highway, Okatie, SC 29909
      View Details
    • $369,000

      Okatie Homesite in Oldfield

      0.62-acre homesite with mature trees and access to amenities.
      2 Bonny Doon Road, Okatie, SC 29909
      View Details
    • $899,000
      1 SF

      Prime Commercial Parcel in Okatie

      1.35 acre commercial parcel with high visibility.
      109 Okatie Center Blvd, Okatie , SC 29910
      View Details
    • $748,000
      1 SF

      Prime Commercial Lot in Okatie

      High-visibility 1.35-acre commercial lot on Highway 278.
      235 Okatie Village Dr, Okatie, SC 29909
      View Details
    • $425,000

      Okatie Marsh-Front Homesite Opportunity

      1.31 acre homesite in historic Heyward Point community.
      20 Rice Trunk Road, Okatie, SC 29909
      View Details
    • $375,000

      Okatie Homesite with Lake Views

      1.56 acre homesite in Heyward Point, Okatie, South Carolina.
      3 Yemassee Trace Road, Okatie, SC 29909
      View Details

    FAQs

    What type of property is this?
    Land - 24.66 acres in Okatie, SC, prime development opportunity.
    Where is this land located?
    The property is located at 50 Callawassie Drive Okatie, SC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime 24.66‑acre development opportunity in Okatie, SC.; Located on the corner of Hwy 170 & Callawassie Drive with 694 linear feet of frontage, dedicated turn lane, and traffic light.; Exceptional elevations within the X zone (outside of flood plain).
    (912) 856-5582
    We can help!
    Listing Contact
    Catherine Cobb
    Catherine Cobb
    Real Estate License ID: 283576
    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
    50 Callawassie Drive, Okatie, SC 29909
    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!