Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5.89 Acres in Williamston, SC Title is generated by Realmo AI

    306 Timms Mill Rd, Williamston, SC 29697

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $260,000

    5.89 Acres Land For Sale

    Property size:
    256,568 SF
    Lot size:
    5.89 Acres
    Price / SF:
    $1.01/SF
    Added:
    Jan 23, 2025
    Days on Market:
    485
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 306 Timms Mill Rd

    General Information

    Standard status
    Active
    Property type
    Other land, Residential land & home lots, Commercial land, Land
    Size
    256,568 SF
    Elevators
    N/A
    Lot size
    5.89 Acres

    We can help!

    Listing Contact
    Jenks Patrick

    Listing agent Jenks

    Listing office

    Listing date Jan 23, 2025

    HighLights

    • Established pasture
    • Hardwood grove
    • Spring fed creek at the back of the property
    • Well and septic on site
    • Mature pecan trees
    • Barn
    • No value given to home

    Overview

    This 5.89-acre property is located in Williamston, South Carolina. It is situated in Anderson County School District 1 and features established pasture, a mature hardwood grove, and a spring-fed creek at the rear. A well and septic system are already in place. The property includes a barn suitable for livestock or equipment storage, and mature pecan trees. The land is suited for a spacious home. Simple restrictions are in place, including minimum home size requirements, limitations on commercial use, and a 20-year hold on further subdivision. The property is surrounded by large lots and cattle land. Its location provides access to Greenville, Anderson, Easley, and Pendleton. Additional land may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.5309
    Latitude
    34.6094

    Nearby Similar for Sale

    • $279,900
      1,850 SF

      Williamston Commercial Opportunity For Sale

      Commercial building with rental potential in Williamston, South Carolina.
      203 N Hamilton Street, Williamston, SC 29697
      View Details
    • $279,900
      1,860 SF

      Williamston Commercial Building For Sale

      Commercial building in Williamston, SC with investment and rental potential.
      203 N Hamilton Street, Williamston, SC 29697
      View Details
    • $1,100,000

      Prime Commercial Land on I-85

      20-acre commercial land with I-85 frontage in Williamston, SC.
      Nannies Circle, Williamston, SC 29697
      View Details
    • $99,000

      Unrestricted Land in Williamston, SC

      Acreage with potential for expansion in a country setting.
      Mahaffey Road, Williamston, SC 29697
      View Details
    • $300,000

      Commercial Land with I-85 Visibility

      Graded, graveled commercial land with utilities and interstate access.
      210 Webb Road, Williamston, SC 29697
      View Details
    • $320,000

      Residential Land in Williamston, SC

      Approximately 12.8 acres suitable for residential development.
      334 Belton Drive, Williamston, SC 29697-0000
      View Details
    • $24,900

      Land in Williamston, SC

      Residential land available outside of Williamston, South Carolina.
      105 Wade Road, Williamston, SC 29697
      View Details
    • Contact for pricing
      2,439 SF

      Restaurant Property in Greenville MSA

      Absolute NNN Lease Bojangles restaurant for sale.
      627 W Main St, Williamston, SC 29697
      View Details
    • $299,900
      8,000 SF

      Main Street Commercial Building

      Commercial building with flexible space in prime location.
      531-533 West Main Street, Williamston, SC 29697
      View Details
    • $49,900

      Residential Lot in Williamston, SC

      Level lot ready for your dream home near Mineral Springs Park.
      Walton Drive, Williamston, SC 29697
      View Details
    • $99,000

      Unrestricted Land in Williamston, SC

      Acreage with potential for expansion in a country setting.
      Mahaffey Road, Williamston, SC 29697
      View Details
    • $2,762,300
      2,439 SF

      Retail Space For Sale

      Retail space available for purchase, featuring a 5.85% CAP rate.
      627 W Main St, Williamston, SC 29697
      View Details

    FAQs

    What type of property is this?
    Land - 5.89 Acres Land For Sale
    Where is this land located?
    The property is located at 306 Timms Mill Rd Williamston, SC.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Established pasture; Hardwood grove; Spring fed creek at the back of the property
    (864) 506-0416
    We can help!
    Listing Contact
    Jenks Patrick
    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
    306 Timms Mill Rd, Williamston, SC 29697
    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!