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

    Auburn Dr, Unit 2 Loris, SC 29569

    View on Map
    Sponsored
    For Sale
    $90,000

    LAND - Loris, SC

    Lot size:
    3.43 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 5 at 11:06 pm

    Property Features for Auburn Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    FA
    APN
    18400000030
    Lot size
    3.43 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Chad B Pike
    Chad B Pike

    EverHome Realty, LLC (843) 798-8952

    Listing agent Chad B Pike (843) 497-9100 License #112721

    Listing date Mar 2, 2026

    MLS# 100549144 Listing URL

    Copyright © 2026 Hive MLS. 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

    Loris Land Opportunity

    This listing features approximately 3.43 acres of land, specifically Auburn Drive lot 2, according to a non-recorded survey. This property offers an opportunity to own a substantial tract of land in the rural area of Loris, South Carolina. The current parcel totals 13.72 acres, surveyed in January 2023, and has been divided into 4 parcels, each approximately 3.43 acres. One lot features road frontage on both Auburn Drive and Log Cabin Road. The survey has not been recorded. The seller is open to selling the entire parcel or in other configurations, provided it is not subdivided into more than 4 parcels. Municipal water and sewer are available, but at the buyer's expense. Note that Horry County Tax records indicate more acreage than the latest survey, while Horry County Land Records show less acreage. Interested parties should refer to the latest survey for accurate details. Listing pictures show road frontage and are not specific to any particular portion of the subdivided tracts. The property is zoned FA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Loris
    County
    Horry
    State
    South Carolina
    Longitude
    -78.841193
    Latitude
    34.043367

    Nearby Similar for Sale

    • $389,900
      2,400 SF

      Renovated Live-Work Space on Acreage

      Remodeled live-work space on 1.5 acres, suitable for various uses.
      1715 Cane Branch Rd, Loris, SC 29569
      View Details
    • $329,900
      40.48 Acres

      Loris Farm with Acreage

      40+/- acre farm in Loris, South Carolina.
      Tbd Sand Hl Bay Rd, Loris, SC 29569
      View Details
    • $394,000
      1,400 SF

      Highway 9 East Opportunity

      Property on Highway 9 East in Loris, South Carolina.
      1929 Highway 9 Business E, Loris, SC 29569
      View Details
    • $70,000
      2.45 Acres

      Loris Farm Land For Sale

      2.45 acre farm land near Grand Strand beaches.
      Tbd Willow Grv Dr, Loris, SC 29569
      View Details
    • $825,000
      51.33 Acres

      Loris Vineyard Paradise For Sale

      51.33 acres with muscadine grapes, metal building, ponds.
      1717 Heritage Rd, Loris, SC 29569
      View Details
    • $475,000
      5,275 SF

      Downtown Loris Office and Retail

      Office and retail space in downtown Loris, South Carolina.
      4123 Meeting St, Loris, SC 29569
      View Details
    • Contact for pricing
      34,028 SF

      Renovated Assisted Living Facility

      34,000± SF vacant assisted living facility in Loris, South Carolina.
      260 Watson Heritage Rd, Loris, SC 29569
      View Details
    • Contact for pricing
      5,000 SF

      Loris Senior Center Opportunity

      Well-maintained senior center with expansion potential in Loris, SC.
      1401 Heritage Rd, Loris, SC 29569
      View Details
    • $475,000

      Downtown Loris Office and Retail

      Office and retail space in downtown Loris, South Carolina.
      4123 Meeting St, Loris, SC 29569
      View Details
    • Contact for pricing
      10,452 SF

      Dollar General Investment Opportunity

      NNN leased Dollar General with corporate guaranty near North Myrtle Beach.
      3023 Johnson Ln, Loris, SC 29569
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 3.43 acres of land for sale in Loris.
    Where is this land located?
    The property is located at Auburn Dr, Unit 2 Loris, SC.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - Large 3.43-acre (approximate) parcels available in a rural setting; - Flexible purchase options: buy a single parcel or the entire 13.72-acre tract; - Municipal water and sewer available
    (919) 545-1349
    Request Owner's contact information
    Auburn Dr, Unit 2 Loris, SC 29569
    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.
    Auburn Dr, Unit 2
    Loris, SC 29569
    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
    Auburn Dr, Unit 2 Loris, SC 29569
    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
    Chad B Pike
    Chad B Pike
    Real Estate License ID: 112721
    (919) 545-1349 (843) 497-9100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!