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    Murrells Inlet Acreage Opportunity Title is generated by Realmo AI

    Betts Rd., Murrells Inlet, SC 29576

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    Claim this Listing
    For Sale
    Under Contract
    $1,950,000

    LAND - Murrells Inlet, SC

    Lot size:
    32.00 Acres
    Added:
    Apr 21, 2023
    Days on Market:
    1133
    Last Refresh:
    May 27 at 4:06 am

    Property Features for Betts Rd.

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R40
    Standard status
    Active Under Contract
    Lot size
    32.00 Acres

    We can help!

    Listing Contact
    Abernethy & Jones Commercial Group

    Listing agent Abernethy & Jones Commercial Group

    Listing office NAI The Litchfield Company Pawleys Island, SC

    Listing date Apr 21, 2023

    MLS# 2307683 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

    • Large 32 +/- acre track of land in Murrells Inlet.
    • Zoned R40, suitable for large estate lots or multiple homesites.
    • One of the few remaining large tracks of land in the area.
    • Includes 3 parcels (Parcels 3, 4, 5) being sold as one property.
    • Features beautiful Live oak trees with Spanish moss and privacy.
    • Close proximity to the water, beach, and the Marshwalk in Murrells Inlet.

    Overview

    This listing features approximately 32 acres, with the exact acreage to be determined by survey. The property comprises three parcels (Parcels 3, 4, and 5) offered as a single unit. Situated in Murrells Inlet, it represents one of the few remaining large land tracts in the area. Zoned R40, allowing for 40,000 square foot lots, the property is being marketed under this zoning designation. Potential uses include large estate lots or several home sites. The property is located on Betts Road, with the road ending before reaching the site. There are a total of five 10-acre parcels at the end of Betts Road. Extending the county road to access parcels 1, 2, 3, 4, and 5 will require cost sharing among the owners. The land features live oak trees adorned with Spanish moss, offering privacy. The location provides convenient access to the water and beach, as well as the Marshwalk in Murrells Inlet, known for live music and dining.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Murrells Inlet
    County
    Horry
    State
    South Carolina
    Longitude
    -79.039236
    Latitude
    33.577095

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    FAQs

    What type of property is this?
    Residential land & home lot - 32 +/- acres in Murrells Inlet, South Carolina.
    Where is this residential land & home lot located?
    The property is located at Betts Rd. Murrells Inlet, SC.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Large 32 +/- acre track of land in Murrells Inlet.; Zoned R40, suitable for large estate lots or multiple homesites.; One of the few remaining large tracks of land in the area.
    (843) 979-6754
    We can help!
    Listing Contact
    Abernethy & Jones Commercial Group
    Learn More
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    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.

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