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

    TBD Fifteen Mile Bay Rd. Nichols, SC 29581

    View on Map
    Claim this Listing
    For Sale
    $349,900

    Acreage - Nichols, SC

    Lot size:
    98.42 Acres
    Added:
    May 18, 2020
    Days on Market:
    2153
    Last Refresh:
    Apr 9 at 2:06 pm

    Property Features for TBD Fifteen Mile Bay Rd.

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    FA
    Standard status
    Active
    Lot size
    98.42 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kenan Walker

    Listing agent Kenan Walker

    Listing office Circa Real Estate 4420 Oleander Dr., Myrtle Beach, SC

    Listing date May 18, 2020

    MLS# 2010294 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.

    Overview

    98.42 Acres Agricultural Land

    This 98.42-acre tract of land, zoned FA, is located in Nichols, SC, within Horry County. The property is positioned close to traffic corridors and within an hour's drive to Myrtle Beach and North Myrtle Beach. According to the listing, the land is suitable for a farm, country getaway, or recreational use. The property is noted as a habitat for deer, turkey, and ducks.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Nichols
    County
    Horry
    State
    South Carolina
    Longitude
    -79.1646
    Latitude
    34.2452

    Nearby Similar for Sale

    • $299,000

      Riverfront Lots on Lumber River

      Two adjoining riverfront lots with 1.14 acres and 252ft frontage.
      3429 River Rd., Nichols, SC 29581
      View Details
    • $295,000

      66 Acres Recreational Timberland Tract

      Recreational timberland with homesite potential near Lumber River.
      0 Sand Plant Rd., Nichols, SC 29581
      View Details
    • $85,900

      Almost 6 Acres For Sale

      5.66 acre farm property suitable for a new home.
      Lot 13 MW Stroud Rd., Nichols, SC 29581
      View Details
    • $39,000

      Expansive Land Near Loris

      3.84-acre property near Loris, perfect for a custom home.
      LOT 9 Creek Landing Rd, Nichols, SC 29581
      View Details
    • $43,000

      Expansive Land Near Loris, SC

      4.25-acre property near Loris, SC, ideal for custom home.
      LOT 5 Creek Landing Rd, Nichols, SC 29581
      View Details
    • $100,000

      5.04 Acre Residential Lot

      Expansive lot with pond, ideal for modular or stick-built homes.
      6110 Pleasant View Church Rd., Nichols, SC 29581
      View Details
    • $49,000

      Residential Lot in Nichols, SC

      2.23 acre residential lot ready for new construction.
      2439 Nichols Highway, Nichols, SC 29581
      View Details
    • $50,000

      Nichols, SC Acreage For Sale

      3.41 acre lot, ideal for building your dream home.
      Lot 3 Black Creek Rd., Nichols, SC 29581
      View Details
    • $199,900

      21.5 Acres on Highway 9

      21.5-acre tract perfect for building, hunting, or development.
      Highway 9, Nichols, SC 29581-0000
      View Details
    • $89,900

      Nichols, SC Farm Land

      Over 10 acres of land suitable for building a home.
      Lot 14 MW Stroud Rd., Nichols, SC 29581
      View Details
    • $174,225

      Land Tract in Nichols Area

      23+/- acre land tract with easement in Nichols, SC.
      8862 Ware Dr., Nichols, SC 29581
      View Details
    • $72,500

      Residential Lot in Nichols, SC

      4.8 acre residential lot ready for your dream home.
      TBD Lot B5 Mount Olive Church Rd., Nichols, SC 29581
      View Details

    FAQs

    What type of property is this?
    Land - Land zoned FA, suitable for farm or recreational use.
    Where is this land located?
    The property is located at TBD Fifteen Mile Bay Rd. Nichols, SC.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Large tract of land zoned FA, ideal for agricultural or farm use.; Convenient access to major traffic corridors.; Short drive to Myrtle Beach and North Myrtle Beach.
    (843) 340-4352
    We can help!
    Listing Contact
    Kenan Walker
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!