Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land with Water Frontage Title is generated by Realmo AI

    207 Water Works Road, Walhalla, SC 29691

    View on Map
    Claim this Listing
    For Sale
    $895,000

    37-acre unrestricted property with lake and creek frontage.

    Type:Land / Farm
    Property size:
    3,000 SF
    Lot size:
    37.00 Acres
    Price / SF:
    $298/SF
    Added:
    Dec 13, 2025
    Days on Market:
    172
    Last Refresh:
    Mar 13 at 11:05 am

    Property Features for 207 Water Works Road

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    37.00 Acres
    Property subtype
    Land / Farm

    We can help!

    Listing Contact
    Cliff Powell
    Cliff Powell

    Listing agent Cliff Powell License #98545

    Listing office Powell Real Estate

    Listing date Dec 13, 2025

    Source Compass

    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 Powell Real Estate

    HighLights

    • 37± acre unrestricted property with development potential.
    • Over 1,000 feet of frontage on a private lake.
    • Additional frontage along Conneross Creek with scenic shoals.
    • Unique 3,000 sq ft brick former water plant building suitable for adaptive reuse.
    • Excellent topography suitable for various uses including development, farming, or private estate.
    • City water available.

    Overview

    This unrestricted property spans approximately 37 acres, offering a combination of water frontage and usable land. It features over 1,000 feet of frontage on a private lake, along with additional frontage on Conneross Creek, complete with shoals. A three-story, approximately 3,000 square foot brick building, formerly a water plant, is situated on the property, presenting opportunities for adaptive reuse, storage, or conversion. The land, with its topography, is suitable for development, a working farm, a private estate, or a long-term investment, and offers multiple build sites along the lake and elevated hilltop locations. The property provides ample room for pasture, recreation, and expansion. Access is provided by a 50-foot deeded easement, and city water is available. The property is located in Walhalla, SC.
    Location Intelligence

    Current Use by Public Records

    Walhalla Water Treatment ... Water Treatment Plant

    Suggested Use

    Furniture & Home Goods Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Walhalla
    County
    Oconee
    State
    South Carolina
    Longitude
    -83.079834
    Latitude
    34.7254474

    Nearby Similar for Sale

    • $425,000
      4,486 SF

      Historic Building in Downtown Walhalla

      Impressive historic commercial building with redevelopment potential in downtown Walhalla.
      109 Catherine Street, Walhalla, SC 29691
      View Details
    • $500,000

      Iconic Walhalla Space For Sale

      Versatile 2200+ sqft space suitable for retail, events, or office.
      230 E Main Street, Walhalla, SC 29691
      View Details
    • $315,000
      5,663 SF

      Versatile Commercial Property in Walhalla

      Two-level commercial building in historic downtown Walhalla with income potential.
      228 E Main Street, Walhalla, SC 29691
      View Details
    • $399,900

      Downtown Walhalla Investment Opportunity

      Prime commercial building in downtown Walhalla with immediate income.
      206 E Main Street, Walhalla, SC 29691
      View Details
    • $189,900

      Remodeled Commercial Property in Downtown

      Meticulously remodeled commercial property in the heart of downtown.
      80 Short Street, Walhalla, SC 29691
      View Details
    • $400,000

      Walhalla Land for Multi-Family Investment

      1.58 acre lot near downtown Walhalla businesses.
      103 S Spring Street, Walhalla, SC 29691
      View Details
    • $100,000

      Commercial Land on Main Street

      Vacant commercial lot in downtown Walhalla, South Carolina.
      E Main Street, Walhalla, SC 29691
      View Details
    • $179,900

      Versatile Commercial Property on Main

      0.5-acre commercial property in Walhalla with development potential.
      604 Main Street, Walhalla, SC 29691
      View Details
    • $145,000

      Prime Downtown Walhalla Development Opportunity

      Nearly one-acre lot in the heart of Downtown Walhalla.
      W North Broad Street, Walhalla, SC 29691
      View Details
    • $579,000

      Commercial Building on Highway 28

      Meticulously maintained commercial building with high visibility and ample parking.
      3691 Blue Ridge Boulevard, Walhalla, SC 29691
      View Details
    • $349,900

      Move-in Ready Office Space

      Well-maintained office space in established park, ideal for professionals.
      111 N Earle Street, Walhalla, SC 29691
      View Details
    • $1,676,691
      860 SF

      Protected Acreage in South Carolina Foothills

      169 acres of protected agricultural land near lakes and cities.
      1254 Stribling Shoals Road, Walhalla, SC 29691
      View Details

    FAQs

    What type of property is this?
    Land - 37-acre unrestricted property with lake and creek frontage.
    Where is this land located?
    The property is located at 207 Water Works Road Walhalla, SC.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 37± acre unrestricted property with development potential.; Over 1,000 feet of frontage on a private lake.; Additional frontage along Conneross Creek with scenic shoals.
    (864) 985-2353
    We can help!
    Listing Contact
    Cliff Powell
    Cliff Powell
    Real Estate License ID: 98545
    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

    Thank You for Inquiry
    207 Water Works Road, Walhalla, SC 29691
    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!