Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Double Lot with Investment Potential Title is generated by Realmo AI

    196 Old Wilson Rd., Longs, SC 29568

    View on Map
    Claim this Listing
    Pending
    $105,900

    MULTI_FAMILY - Longs, SC

    Property size:
    744 SF
    Added:
    Aug 29, 2025
    Days on Market:
    271
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for 196 Old Wilson Rd.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Size
    744 SF

    Building Details

    Year built
    1973
    Number of units
    3

    We can help!

    Listing Contact
    Palmetto and Pine Group Team
    Palmetto and Pine Group Team

    Listing agent Palmetto and Pine Group Team License #342387

    Listing office INNOVATE Real Estate Myrtle Beach, SC

    Listing date Aug 29, 2025

    MLS# 2521233 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.

    HighLights

    • Expansive double lot offers ample space for building or recreation.
    • Three existing mobile homes provide immediate investment income or multi‑family living options.
    • Potential to remove existing structures and build a custom dream home.
    • Located in a growing area of Horry County, offering future appreciation potential.
    • Mature trees and natural greenery create a private and peaceful setting.
    • Convenient access to nearby beaches, shopping, and dining.

    Overview

    This expansive double lot on Old Wilson Rd in Longs offers considerable potential, combining two parcels to provide ample space. The property currently includes three mobile homes, suitable for investment income, multi-family use, or temporary housing. Alternatively, the existing homes can be removed to make way for a new construction project, offering space for privacy and outdoor recreation. The land is surrounded by mature trees and natural greenery, providing a peaceful setting with convenient access to nearby beaches, shopping, and dining. This property offers flexibility and opportunity in a growing area of Horry County, suitable for investors seeking rental potential or buyers looking to build a custom home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Daycare Center Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Longs
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8227999
    Latitude
    33.9120929

    Nearby Similar for Sale

    • $1,399,000
      4,994 SF

      Established Restaurant Property For Sale

      Turn-key restaurant with established following in a growing area.
      7036 Highway 90, Longs, SC 29568
      View Details
    • $995,000

      Highway 9 Commercial Land

      5 acres of commercial land on Highway 9 in Longs.
      TBD600 Highway 9, Longs, SC 29568
      View Details
    • $1,600,000

      Land Near Barefoot Resort

      Approximately 5 acres of land near Barefoot Resort.
      Water Tower Rd., Longs, SC 29568
      View Details
    • $1,999,000
      9,000 SF

      Commercial Warehouse with Excess Land

      Commercial warehouse with excess land and highway frontage.
      East Side Hwy 9 E Hwy 9, Longs, SC 29568
      View Details
    • $675,000

      Commercial Lot Near Highway 9

      Commercial lot for sale near intersection of SC-9 and SC-905.
      135 W Hwy 9, Longs, SC 29568
      View Details
    • $1,150,000

      Longs SC Prime Land

      Almost 50 acres of land in Longs, South Carolina.
      Turkey Pen Rd., Longs, SC 29568
      View Details
    • $7,500,000

      Expansive Land Near North Myrtle Beach

      193-acre property near North Myrtle Beach with development potential.
      Water Tower Rd., Longs, SC 29568
      View Details
    • $250,000

      Wooded Acres in Longs, SC

      5.56 acres to build your dream home near North Myrtle Beach.
      Old Buck Creek Rd., Longs, SC 29568
      View Details
    • $600,000

      Commercial Lot in Growing Area

      1.42 acre commercial lot with road frontage on Hwy 9.
      104 Highway 9 E, Longs, SC 29568
      View Details
    • $5,200,000

      Intracoastal Waterfront Land Opportunity

      167-acre waterfront property with development potential and conservation.
      Water Tower Rd., Longs, SC 29568
      View Details
    • $1,100,000

      269+ Acres Near North Myrtle Beach

      Land suitable for residential or resort development near sports complex.
      Long Bay Road, Longs, SC 29568
      View Details
    • $147,000

      Land in Longs, South Carolina

      3.44 acre land parcel suitable for country living.
      Circle Bay Dr., Longs, SC 29568
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Double lot in Longs, SC, with investment or building potential.
    Where is this residential land & home lot located?
    The property is located at 196 Old Wilson Rd. Longs, SC.
    What is the asking price?
    The asking price for this property is $105,900.
    What are key features of this property?
    This property features: Expansive double lot offers ample space for building or recreation.; Three existing mobile homes provide immediate investment income or multi‑family living options.; Potential to remove existing structures and build a custom dream home.
    (843) 798-2652
    We can help!
    Listing Contact
    Palmetto and Pine Group Team
    Palmetto and Pine Group Team
    Real Estate License ID: 342387
    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

    Thank You for Inquiry
    196 Old Wilson Rd., Longs, SC 29568
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!