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

    0028 St Lukes Church Road Prosperity, SC 29127

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $120,000

    18.98 Acres Land For Sale

    Property size:
    826,769 SF
    Lot size:
    18.98 Acres
    Added:
    Mar 11, 2025
    Days on Market:
    389
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 0028 St Lukes Church Road

    General Information

    Standard status
    Active
    Property type
    Farms, Residential land & home lots, Agricultural land / Farmland, Agricultural properties, Land
    Size
    826,769 SF
    Elevators
    N/A
    Lot size
    18.98 Acres

    We can help!

    Listing Contact
    Gabe Grammer

    Listing agent Gabe

    Listing office

    Listing date Mar 11, 2025

    Overview

    Unrestricted Acreage in Newberry County

    This 18.98-acre property is located in the Prosperity area of Newberry County, South Carolina, just off Highway 17. The unrestricted land offers potential for various development projects. The property includes two tax map numbers: 411-28 and 411-29. The location within the growing Prosperity community ensures access to amenities and a desirable setting. With its ample size and strategic location, this property is an excellent investment opportunity in a rapidly developing area of South Carolina.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prosperity
    County
    Newberry
    State
    South Carolina
    Longitude
    -81.5344
    Latitude
    34.1808

    Nearby Similar for Sale

    • $275,000
      2,600 SF

      Historic Downtown Prosperity Commercial Space

      Flexible commercial space with historic charm in downtown Prosperity, SC.
      208 N Main, Prosperity, SC 29127
      View Details
    • $395,000

      Lake Murray Waterfront Homesite Opportunity

      Lakefront homesite with dock permit in premier community.
      Middleton Place, Prosperity, SC 29127
      View Details
    • $548,888

      Lake Murray Waterfront Residential Lot

      Waterfront lot on Lake Murray with boat ramp access.
      1189 Newberry Shores Drive, Prosperity, SC 29127
      View Details
    • $345,000

      Waterfront Peninsula Lot in Prosperity

      Premier waterfront lot with private boat ramp permit on Lake Murray.
      1225 Peninsula Drive, Prosperity, SC 29127
      View Details
    • $84,000

      Lake Murray Land with Boat Slip

      Corner lot in lakefront community with deeded boat slip.
      122 Timber Trail Dr, Prosperity, SC 29127
      View Details
    • $139,000

      Lake Murray Homesite Opportunity

      Homesite near Lake Murray with community amenities and convenient location.
      0 Golden Way, Prosperity, SC 29127
      View Details
    • $140,000

      9.71 Acres Near Lake Murray

      9.71 acre homesite near Lake Murray in Prosperity, SC.
      359 Holly Point Road, Prosperity, SC 29127
      View Details
    • $36,000

      Lake Murray Homesite in Gated Community

      One-acre corner lot with lake access and community amenities.
      0 Harborview Drive, Prosperity, SC 29127
      View Details
    • $699,000

      Waterfront Lot with Shared Dock

      Waterfront lot on Lake Murray with shared dock access.
      Bay Court, Prosperity, SC 29127
      View Details
    • $150,000

      Two Acre Lot with Boat Slip

      Residential lot with boat slip and community amenities.
      0 Circle H Woods Road, Prosperity, SC 29127
      View Details
    • $147,000

      Lake Murray Estate Lot

      1.42 acre residential lot in Stewart's Landing community.
      201 Peninsula Drive, Prosperity, SC 29070
      View Details
    • $100,000

      Lake Living Dream Home Lot

      1.5-acre lot with deeded boat slip on Lake Murray.
      LOT 230 GRANNY HILL Road, Prosperity, SC 29172
      View Details

    FAQs

    What type of property is this?
    Farm - 18.98 Acres Land For Sale
    Where is this farm located?
    The property is located at 0028 St Lukes Church Road Prosperity, SC.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Gamecock Trail offers roughly 18.48 acres of timber where one could build their dream home. This property is unrestricted. Located in the growing area of Prosperity in Newberry County, SC
    (803) 205-3260
    We can help!
    Listing Contact
    Gabe Grammer
    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!