Sign Up Successful!
You now have access to more from Realmo!
    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

    293 Meredith Rd Ridgeland, SC 29936

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    3.86 acres in Ridgeland with utilities and flexible HOA.

    Property Features for 293 Meredith Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Demetry Sawyers
    Source: Corcoran

    Listing Agent: Demetry Sawyers

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

    Learn more

    Property Insight Report

    Overview

    Ridgeland Acreage with Existing Utilities

    This 3.86-acre property in Ridgeland is mostly cleared and ready for development, with a wooded area providing privacy. The land has a well and access to electric utilities. A septic tank will need replacing, but a previous manufactured home hookup simplifies future installation. The property is suitable for a custom home, manufactured home, or mini homestead. The HOA has a $100 annual fee and does not restrict manufactured homes or backyard chickens, allowing flexible land use. The land is located to the right of the manufactured homes with the pool and basketball goal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Dental Office Electrical Service Daycare Center Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Jasper
    State
    South Carolina
    Longitude
    -80.9997377
    Latitude
    32.5016202

    Nearby Similar for Sale

    • $995,000
      0.35 Acres

      Turn-Key Commercial Property in Ridgeland

      Commercial property with drive-thru, ready for immediate operation.
      8026 E Main St, Ridgeland, SC 29936
      View Details
    • $489,000
      1,960 SF

      Ridgeland Farmhouse on Wooded Acreage

      Four-bedroom farmhouse on 3.66 acres, close to town.
      652 Taylor Mill Rd, Ridgeland, SC 29936
      View Details
    • $299,000

      Ridgeland Commercial Building For Sale

      Commercial building in downtown Ridgeland with high ceilings and parking.
      307 W Main St, Ridgeland, SC 29936
      View Details
    • $299,000
      1,500 SF

      Ridgeland Commercial Property on Main

      1500 SF commercial property in the heart of Ridgeland.
      307 W Main St, Ridgeland, SC 29936
      View Details
    • Contact for pricing

      Ridgeland Commercial Space Available

      Air-conditioned and warehouse spaces available near East Main Street.
      175 Fordville Rd, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      31,500 SF

      Flex Building in Riverwalk Business Park

      Multi-tenant flex building with office and warehouse/brewery spaces.
      591 Browns Cove Rd, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      1,500 SF

      New Class A Office Space

      New construction office suites in high-growth Ridgeland area.
      3229 Argent Blvd, Ridgeland, SC 29936
      View Details
    • $115,000
      Pending

      Ridgeland Land For Sale

      1.3 acre residential land in Ridgeland, South Carolina.
      246 Proctor St, Ridgeland, SC 29936
      View Details
    • $299,000

      Riverwalk Retail Space - Okatie, SC

      High-demand retail space, lease in place.
      149 Riverwalk Blvd, Ridgeland, SC 29936
      View Details
    • $1,000,000
      2.66 Acres

      Ridgeland Commercial Land Opportunity

      High-visibility 2.66-acre lot, prime location.
      2007 Okatie Hwy, Ridgeland, SC 29936
      View Details
    • $2,950,000
      22,000 SF

      Baymont Inn I-95, Ridgeland, SC

      65-unit hotel, prime I-95 location
      511 James L Taylor Road, Ridgeland, SC 29936
      View Details

    FAQs

    What type of property is this?
    Land - 3.86 acres in Ridgeland with utilities and flexible HOA.
    Where is this land located?
    The property is located at 293 Meredith Rd Ridgeland, SC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - 3.86 acres of mostly cleared land ready for building.; - Existing well and access to electric utilities.; - HOA with low annual fee ($100) that does NOT restrict manufactured homes or backyard chickens.
    (843) 705-8474
    Request Owner's contact information
    293 Meredith Rd Ridgeland, SC 29936
    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.
    293 Meredith Rd
    Ridgeland, SC 29936
    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
    293 Meredith Rd Ridgeland, SC 29936
    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

    We can help!
    Listing Contact
    Demetry Sawyers
    (843) 705-8474
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.