Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5 Acre Property in Andrews Title is generated by Realmo AI

    602 Alligator Rd., Andrews, SC 29510

    View on Map
    Claim this Listing
    For Sale
    $109,000

    Acreage - Andrews, SC

    Lot size:
    5.00 Acres
    Added:
    Jul 3, 2025
    Days on Market:
    323
    Last Refresh:
    May 21 at 8:06 am

    Property Features for 602 Alligator Rd.

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    VR10
    Standard status
    Active
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paige Wheeler

    Listing agent Paige Wheeler

    Listing office RE/MAX Executive 2501 N Fraser, Georgetown, SC

    Listing date Jul 3, 2025

    MLS# 2516483 Listing URL

    Copyright © 2026 Coastal Carolina 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.

    HighLights

    • 5 acre property offers privacy and space.
    • Located just outside of Andrews, SC.
    • Ideal for weekend getaways, land investment, or building a home.
    • Two ponds for fishing or relaxing.
    • Private rural setting.
    • Opportunity to own a slice of the countryside.

    Overview

    This 5-acre property is located just outside of Andrews, SC, offering a private rural setting. The acreage includes two ponds suitable for fishing or relaxation. It is zoned VR10. This property is suitable for a weekend getaway, land investment, or building a dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Andrews
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.505473
    Latitude
    33.48759

    Nearby Similar for Sale

    • $2,390,000
      50,000 SF

      Andrews Industrial Opportunity For Sale

      4.34-acre commercial property with 50,000 sq ft warehouse space.
      TBD East Main St., Andrews, SC 29510
      View Details
    • $245,000
      3,579 SF

      Downtown Andrews Commercial Building

      3,500 sq ft commercial building in downtown Andrews, SC.
      109 E Main St., Andrews, SC 29510
      View Details
    • $199,900
      2,250 SF

      Historic Retail Space, Andrews, SC

      Prime commercial space in historic Andrews with high visibility.
      1 E Main St., Andrews, SC 29510
      View Details
    • $35,000

      Coastal Land Parcel Opportunity

      Triangular 1.2-acre parcel near Georgetown, SC, ideal for residential use.
      Ethridge Drive, Andrews, SC 29510
      View Details
    • $200,000
      2,530 SF

      Andrews, SC Restaurant Opportunity

      Restaurant with equipment in growing Andrews, South Carolina.
      3 N Beech Ave., Andrews, SC 29510
      View Details
    • $350,000

      Georgetown County Mobile Home Investment

      Fully occupied multi-parcel mobile home package near Georgetown, South Carolina.
      23-73 Newton Trail, Andrews, SC 29510
      View Details
    • $425,000

      Versatile Acreage in Andrews, SC

      20.40-acre property with a 3-bedroom home, pond, and storage shed.
      1040 Wee Tee Rd., Andrews, SC 29510
      View Details
    • $25,000

      Residential Lot in Earles Community

      1.10-acre homesite near Andrews, SC, with flexible building options.
      Lot 1 Brantly Rd., Andrews, SC 29510
      View Details
    • $499,900
      7,694 SF

      Mobile Home Park Opportunity

      10-lot mobile home park with income and upside potential.
      TBD Locust St, Andrews, SC 29510
      View Details
    • $195,650

      Industrial Land in Andrews, SC

      26-acre industrial lot suitable for manufacturing, storage, or repair shop.
      793 Puncheon Creek Dr., Andrews, SC 29510
      View Details
    • $14,900

      Residential Lot in Andrews, SC

      Residential lot available in Andrews, South Carolina.
      0 N Hazel Ave., Andrews, SC 29510
      View Details
    • $29,500

      Residential Lot Near Andrews

      1.46 acre residential lot suitable for stick-built or manufactured home.
      TBD Georgetown Hwy., Andrews, SC 29510
      View Details

    FAQs

    What type of property is this?
    Land - 5 acre property perfect for investment, getaway, or dream home.
    Where is this land located?
    The property is located at 602 Alligator Rd. Andrews, SC.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: 5 acre property offers privacy and space.; Located just outside of Andrews, SC.; Ideal for weekend getaways, land investment, or building a home.
    (843) 382-7900
    We can help!
    Listing Contact
    Paige Wheeler
    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
    602 Alligator Rd., Andrews, SC 29510
    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!