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    1 Main St Summerton, SC 29148

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    Investment portfolio in Clarendon County with land and multifamily opportunities.

    Property Features for 1 Main St

    General Information

    Standard status
    Active
    Zoning
    Multiple Tracts | Can Vary | See Due Diligence Document | Clarendon County, SC.

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    Listing Contact
    Gilbert Bradham
    Source: Crexi

    Listing Agency: SVN | Southern Commercial Real Estate, LLC Rock Hill Listing Agent: Gilbert Bradham

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

    Learn more

    Overview

    Clarendon County Investment Portfolio

    This investment portfolio is located in Clarendon County, SC, in the Whole County area. The properties offer MHP Land/Home opportunities and potential for Agricultural Worker development. The location presents a variety of commercial ventures or multifamily development opportunities. Clarendon County is centered around the 110,000-acre Lake Marion, which is known for fishing, boating, and hunting. The area features golf courses, hiking trails, and wildlife refuges. Recreational opportunities include the John C. Land III Landing, which hosts fishing tournaments, and the Santee National Wildlife Refuge, offering bird-watching and walking trails. Taw Caw Park features playgrounds, fishing piers, and picnic shelters. Golf courses include The Players Course at Wyboo, Wyboo Golf Club, and Shannon Greens Golf Club. Gated communities like Wyboo Plantation and Gregory Pointe offer lakefront living. Historic sites include Swamp Fox murals and walking tours in downtown Manning. The Weldon Auditorium hosts local entertainment and events. Lakeside restaurants include Goat Island Restaurant & Lounge and Lakeside Paradise. The location is along I-95, providing access to Charleston and Columbia. The area offers a dynamic investment landscape for land and multifamily opportunities. The workforce's housing needs and the growing population make it an ideal location for new development. Nearby points of interest include Lake Marion and golf courses.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerton
    County
    Clarendon
    State
    South Carolina
    Longitude
    -80.352568
    Latitude
    33.608372

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    FAQs

    What type of property is this?
    Land - Investment portfolio in Clarendon County with land and multifamily opportunities.
    Where is this land located?
    The property is located at 1 Main St Summerton, SC.
    What are key features of this property?
    This property features: - Prime investment portfolio in Clarendon County, SC, offering MHP Land/Home and Agricultural Worker potential.; - Multifamily development opportunities exist due to workforce housing needs and a growing population.; - Located near Lake Marion, South Carolina's largest lake, known for fishing, boating, and water activities.
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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.

    More about this property
    1 Main St Summerton, SC 29148
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    We can help!
    Listing Contact
    Gilbert Bradham
    Real Estate License ID: 3844
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