Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Murray Homesite Opportunity Title is generated by Realmo AI

    506 Timberlake Drive, Chapin, SC 29036

    View on Map
    Claim this Listing
    For Sale
    $60,000

    Acreage - Chapin, SC

    Lot size:
    0.41 Acres
    Added:
    May 1, 2026
    Days on Market:
    30
    Last Refresh:
    May 30 at 2:06 am

    Property Features for 506 Timberlake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    001526-01-020
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Expense value
    350
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Kelly
    Andrea Kelly

    Listing agent Andrea Kelly

    Listing office EXIT Real Est Consultants 5175 Sunset Blvd, Suite 3, Lexington, SC

    Listing date May 1, 2026

    MLS# 632979 Listing URL

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

    HighLights

    • .41‑acre lot in Timberlake Plantation, Chapin, SC, near Lake Murray.
    • Option to join Timberlake Country Club with golf course, pool, tennis courts, and fitness center.
    • Access to Lake Murray.
    • Opportunity to build a custom dream home.
    • Access to Timberlake Marina with boat slip rentals.
    • Active and welcoming neighborhood.

    Overview

    This .41-acre lot is located in the Timberlake Plantation community in Chapin, South Carolina, near Lake Murray. The property is a homesite suitable for building a custom home. Residents have the option to join the Timberlake Country Club, which includes an 18-hole golf course, pool, tennis courts, fitness center, and two on-site restaurants. The Timberlake Marina is nearby and offers boat slip rentals for access to Lake Murray.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Gym & Fitness Center Big Box & Wholesale Store Electrical Service (Bike/Boat/Book/etc) Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chapin
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.369504
    Latitude
    34.077321

    Nearby Similar for Sale

    • $750,000

      Prime Commercial Development Site

      3-acre commercial site with gas station approval in growing Chapin.
      1304 Amicks Ferry Road, Chapin, SC 29036
      View Details
    • $1,395,000
      2,200 SF

      Lake Murray Marina Opportunity

      Marina with restaurant, tiki hut, and boat slips for sale.
      1701 Dreher Island Road, Chapin, SC 29036
      View Details
    • $699,999
      1,113 SF

      Chapin Commercial Land For Sale

      2-acre commercial land near I-26 with development potential.
      534 Columbia Avenue, Chapin, SC 29036
      View Details
    • $160,000
      1 SF

      Chapin Road Commercial Land

      4.05 acre commercial land for sale in Chapin, SC.
      0 Chapin Road, Chapin, SC 29036
      View Details
    • $1,000,000

      Commercial Lot in Chapin, SC

      Commercial lot ideal for restaurant, retail, or new development.
      0 Woodthrush, Chapin, SC 29036
      View Details
    • $952,000

      34 Acres in Chapin, SC

      34-acre tract with pond, road frontage, and sewer access.
      0501 Crooked Creek Road, Chapin, SC 29036
      View Details
    • $125,000

      Bay Pointe Golf Course Lot

      0.28-acre lot in Chapin's Timberlake Golf Club.
      104 Bay Pointe Drive, Chapin, SC 29036
      View Details
    • $599,000

      Chapin Residential Land with Well

      15.9 acres near Spring Hill High School in Chapin.
      1160 Bookie Richardson Road, Chapin, SC 29036
      View Details
    • $149,900

      Lake Murray Front Community Lot

      Rare 0.62 acre lot in established lakeside neighborhood.
      111 Smiths Ford Road, Chapin, SC 29036
      View Details
    • $135,000

      Chapin Waterfront Land For Sale

      Residential land with water views and club access in Chapin.
      118 Club Court, Chapin, SC 29036-8412
      View Details
    • $250,000
      880 SF

      Chapin Commercial Land For Sale

      Commercial land with exposure off Columbia Avenue in Chapin, SC.
      110 Peak Street, Chapin, SC 29036
      View Details
    • $139,900

      Chapin Homesite Ready for Construction

      Homesite in lakefront community with resort-style amenities.
      823 Elms Spinney Lane, Chapin, SC 29036
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in Timberlake Plantation community near Lake Murray.
    Where is this residential land & home lot located?
    The property is located at 506 Timberlake Drive Chapin, SC.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: .41‑acre lot in Timberlake Plantation, Chapin, SC, near Lake Murray.; Option to join Timberlake Country Club with golf course, pool, tennis courts, and fitness center.; Access to Lake Murray.
    (803) 358-0888
    We can help!
    Listing Contact
    Andrea Kelly
    Andrea Kelly
    Real Estate License ID: 100792
    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
    506 Timberlake Drive, Chapin, SC 29036
    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!