Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Historic Downtown Title is generated by Realmo AI

    308 Chaplin Street, Walterboro, SC 29488

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    Contact for pricing

    LAND - Walterboro, SC

    Lot size:
    0.48 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    283
    Last Refresh:
    May 23 at 1:06 am

    Property Features for 308 Chaplin Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    0.48 Acres

    We can help!

    Listing Contact
    Terri Cole
    Terri Cole

    Listing agent Terri Cole License #7370

    Listing office Cole & Associates Inc. Walterboro, SC

    Listing date Aug 14, 2025

    MLS# 25022362 Listing URL

    Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Undeveloped residential lot in Historical Downtown Walterboro.
    • Rare opportunity for downtown residential development.
    • Potential to purchase adjacent lots for a total of 1.13+\/- acres.
    • Prime location in the downtown area.
    • Suitable for residential construction.
    • Coordinates provided for precise location.

    Overview

    This is a rare opportunity to purchase an undeveloped residential lot in the Historical Downtown area of Walterboro, South Carolina. The property has a lot size of 0.48 acres. Adjacent lots are also available for sale, potentially allowing for a combined purchase of approximately 1.13 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Walterboro
    County
    Colleton
    State
    South Carolina
    Longitude
    -80.654152
    Latitude
    32.902639

    Nearby Similar for Sale

    • $6,000
      6,000 SF

      Walterboro Commercial Building For Sale

      6,000 SF commercial building on 1-acre parcel near I-95.
      1177 Sniders Highway, Walterboro, SC 29488
      View Details
    • $1,000,000
      9,102 SF

      Walterboro Commercial Space For Sale

      9,102 SF commercial space on 1.4 acres in Walterboro.
      113 Santee Lane, Walterboro, SC 29488
      View Details
    • $398,000

      Walterboro Recreational Land For Sale

      143-acre recreational tract with old-growth trees near I-95.
      Evergreen Lane, Walterboro, SC 29488
      View Details
    • $425,000

      Walterboro Land with Development Potential

      Two-acre property with road frontage and multiple existing structures.
      674 Sniders Highway, Walterboro, SC 29488
      View Details
    • $260,000

      Walterboro Land Near I-95

      18.4 acres near Walterboro, SC, ideal for homesteading or recreation.
      715 Nunuville Road, Walterboro, SC 29488
      View Details
    • $80,000

      Commercial Land in Walterboro, SC

      Vacant commercial land with access to two streets.
      1011 S Jefferies Boulevard, Walterboro, SC 29488
      View Details
    • $34,999

      Residential Lot in Historic Downtown

      Undeveloped residential lot in Walterboro's historic downtown area.
      113 Charles Street, Walterboro, SC 29488
      View Details
    • $39,999

      Residential Lot in Historic Downtown

      Undeveloped residential lot in Walterboro's historical downtown area.
      Charles Street, Walterboro, SC 29488
      View Details
    • $42,000

      Residential Lot in Walterboro, SC

      Cleared corner lot ready for new home construction.
      2009 Beach Road, Walterboro, SC 29488
      View Details
    • $10,000

      Walterboro Vacant Lot Opportunity

      One-acre vacant lot in Walterboro, South Carolina, ideal for development.
      905 Peurifoy Road, Walterboro, SC 29488
      View Details
    • $120,000

      Walterboro Land with Homesite

      10+/- acres near Walterboro, SC with cleared homesite.
      Mt Carmel Road, Walterboro, SC 29488
      View Details
    • $42,000

      Residential Land in Walterboro, SC

      Cleared homesite near town, mobile homes allowed, no HOA.
      1969 Beach Road, Walterboro, SC 29488
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Undeveloped residential lot in Walterboro's Historical Downtown area.
    Where is this residential land & home lot located?
    The property is located at 308 Chaplin Street Walterboro, SC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Undeveloped residential lot in Historical Downtown Walterboro.; Rare opportunity for downtown residential development.; Potential to purchase adjacent lots for a total of 1.13+\/- acres.
    (843) 549-6611
    We can help!
    Listing Contact
    Terri Cole
    Terri Cole
    Real Estate License ID: 7370
    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
    308 Chaplin Street, Walterboro, SC 29488
    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!