Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Bells Hwy & I-95 Walterboro, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Infill development site with high visibility and traffic volume.

    Type:LAND
    Lot size:
    46.33 Acres
    Added:
    Aug 28, 2023
    Days on Market:
    976
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for Bells Hwy & I-95

    General Information

    Standard status
    Active
    Lot size
    46.33 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Dexter C Rumsey, IV

    Listing agent Dexter C Rumsey, IV

    Listing office NAI | Charleston

    Listing date Aug 28, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI | Charleston

    Overview

    Interstate 95 Development Opportunity

    Located directly off Interstate 95 at Exit 57, this infill development site is adjacent to a QuikTrip convenience store and a future QSR, both planned to open in 2024. The site is entitled for retail, hospitality, and multi-family use. A future traffic signal is planned for the site entrance. The location offers excellent access and visibility, benefiting from high traffic volume with 50,600 vehicles per day on I-95 and 17,700 vehicles per day on Bells Highway. This site is ideal for large retail and outparcels, presenting a great opportunity to capitalize on a very large trade area and the I-95 traffic.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Walterboro
    County
    Colleton
    State
    South Carolina
    Longitude
    -80.6693
    Latitude
    32.9131

    Nearby Similar for Sale

    • $625,000

      Versatile Acreage with Workshop Buildings

      27.94 acres with multiple buildings suitable for various uses.
      558 Ruffin Road, Walterboro, SC 29488
      View Details
    • $6,000

      Walterboro Commercial Building For Sale

      6,000 SF commercial building on 1 acre near I-95.
      1177 Sniders Highway, Walterboro, SC 29488
      View Details
    • $1,000,000

      Walterboro Commercial Space For Sale

      9,102 SF commercial space on 1.4 acres in Walterboro.
      113 Santee Lane, Walterboro, SC 29488
      View Details
    • $120,000

      Walterboro Land with Homesite

      10+/- acres near Walterboro, SC with cleared homesite.
      Mt Carmel Road, Walterboro, SC 29488
      View Details
    • $42,000

      Residential Lot in Walterboro, SC

      Cleared corner lot ready for new home construction.
      2009 Beach Road, Walterboro, SC 29488
      View Details
    • $260,000

      Walterboro Land Near I-95

      18.4 acres near Walterboro, SC, ideal for homesteading or recreation.
      715 Nunuville Road, Walterboro, SC 29488
      View Details
    • $699,000

      Walterboro Land Ideal for Hunting

      94+ acre hunting or homesteading property near Walterboro, South Carolina.
      815 Rentz Drive, Walterboro, SC 29488
      View Details
    • $42,000

      Residential Land in Walterboro, SC

      Cleared homesite near town, mobile homes allowed, no HOA.
      1969 Beach Road, Walterboro, SC 29488
      View Details
    • $50,000

      Walterboro Land For Sale

      One-acre lot in Sherwood Forest neighborhood, Walterboro, South Carolina.
      308 Peachtree Road, Walterboro, SC 29488
      View Details
    • $80,000

      Commercial Land in Walterboro, SC

      Vacant commercial land with access to two streets.
      1011 S Jefferies Boulevard, Walterboro, SC 29488
      View Details
    • $34,999

      Residential Lot in Historic Downtown

      Undeveloped residential lot in Walterboro's historic downtown area.
      113 Charles Street, Walterboro, SC 29488
      View Details
    • $14,000

      Residential Land in Established Community

      0.40-acre wooded lot near downtown Walterboro with septic permit.
      Gadsden Loop lot: 22, Walterboro, SC 29488
      View Details

    FAQs

    What type of property is this?
    Land - Infill development site with high visibility and traffic volume.
    Where is this land located?
    The property is located at Bells Hwy & I-95 Walterboro, SC.
    What are key features of this property?
    This property features: Directly off I‑95 (Exit 57) with excellent access and visibility.; Entitled for retail, hospitality, and multi‑family development.; High traffic volume (I‑95: 50,600 VPD, Bells Hwy: 17,700 VPD).
    (843) 452-9417 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dexter C Rumsey, IV
    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!