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    Lakefront Lot in Gated Community Title is generated by Realmo AI

    105 Armory Court, Ninety Six, SC 29666

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    Claim this Listing
    For Sale
    $54,000

    LAND - Ninety Six, SC

    Lot size:
    1.19 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 105 Armory Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PDD
    Standard status
    Active
    Lot size
    1.19 Acres

    Utilities

    Utilities
    Water Available
    Water front
    1

    We can help!

    Listing Contact
    Kellar Lawrence
    Kellar Lawrence

    Listing agent Kellar Lawrence

    Listing office Your Home Sold Guaranteed Realty - Kellar Lawrence 103 Venture Ct, Greenwood, SC

    Listing date Nov 17, 2025

    MLS# 134828 Listing URL

    Copyright © 2026 Greenwood 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

    • Lakefront lot on Lake Greenwood with potential for a private dock.
    • Located in The Plantation, a gated community with limited homesites for privacy and exclusivity.
    • Access to Grand Harbor Golf & Yacht Club amenities, including a Davis Love III golf course, clubhouse, fitness complex, tennis courts, marina, and pools.
    • Community amenities include an Equestrian Center, pool complex, community boat ramp, and day dock.
    • Gently sloping 1.19‑acre lot, ideal for building a waterfront home.
    • Lake Greenwood offers 212 miles of shoreline and 11,400 acres of water for recreation.

    Overview

    Located within the gated community of The Plantation at Lake Greenwood, this 1.19-acre lakefront lot features a gently sloping terrain. The property offers the potential for a private dock, pending approval and specifications per Lake Greenwood Management. Lake Greenwood spans Greenwood, Laurens, and Newberry counties, boasting 212 miles of shoreline and 11,400 acres of water. The Plantation is located on the Greenwood County side of the lake and is limited to 126 homesites. Community amenities include an Equestrian Center with a 50-acre paddock and 8-stall barn, a pool complex, community boat ramp, and day dock. As a sister community to the Grand Harbor Golf & Yacht Club, owners have access to The Patriot Golf Club at Grand Harbor, an 18-Hole Davis Love III Signature Design Golf Course, the Golf Clubhouse with Bar/Grille & Lounge, Full Service Pro Shop, Locker Rooms, Fitness Complex, Soft Clay Tennis Courts, a community Marina, outdoor dining at the Aquatic Center, an open air Cabana Bar & Grill and a 5,000 square-foot pool with lap lanes, a children's pool, and a lakefront white sandy beach area. This lot is suitable for a full-time residence or a seasonal retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ninety Six
    County
    Greenwood
    State
    South Carolina
    Longitude
    -81.9379665
    Latitude
    34.1859176

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    FAQs

    What type of property is this?
    Waterfront Land - 1.19-acre lakefront lot with potential for private dock.
    Where is this waterfront land located?
    The property is located at 105 Armory Court Ninety Six, SC.
    What is the asking price?
    The asking price for this property is $54,000.
    What are key features of this property?
    This property features: Lakefront lot on Lake Greenwood with potential for a private dock.; Located in The Plantation, a gated community with limited homesites for privacy and exclusivity.; Access to Grand Harbor Golf & Yacht Club amenities, including a Davis Love III golf course, clubhouse, fitness complex, tennis courts, marina, and pools.
    (864) 942-8991
    We can help!
    Listing Contact
    Kellar Lawrence
    Kellar Lawrence
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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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