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    Equestrian Property with 24-Stall Barn Title is generated by Realmo AI

    369 Sweet Street, Rembert, SC 29128

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    For Sale
    $540,000

    Includes a 24-stall barn with apartment, bunk rooms, covered round pen, and detached office with viewing deck.

    Type:Land
    Lot size:
    12.50 Acres
    Added:
    Oct 12, 2025
    Days on Market:
    240
    Last Refresh:
    Jun 6 at 3:53 am

    Property Features for 369 Sweet Street

    General Information

    Standard status
    Active
    Lot size
    12.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeanene Campbell

    Listing agent Jeanene Campbell

    Listing office Peace Sotheby's International Realty

    Listing date Oct 12, 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 Peace Sotheby's International Realty

    HighLights

    • Lot 4: 12.5‑acre equestrian property in Rembert with a 24‑stall barn and on‑site apartment.
    • 24‑stall barn includes a 1‑bedroom apartment with full working kitchen, separate bedroom, and full bath.
    • Covered round pen plus separate office building with upper viewing deck overlooking the land.
    • Barn features 4 bunk rooms; each bunk room has its own sink and closet, plus a centralized gathering room with full bath and kitchen area.
    • Octagon‑designed office space with cypress walls, kitchen, and half bath, previously used for offices and could be converted to living quarters.
    • Additional homesites available: Lot 2 (11 acres rolling pastures) and Lot 6 (10.7 acres heavily wooded).

    Overview

    This offering includes an equestrian property on 12.5 acres featuring a 24-stall barn with an attached 1-bedroom apartment. The apartment includes a full working kitchen, sitting area, separate bedroom, and a full bath, making it practical for an on-site manager or guest quarters. The barn is complemented by a covered round pen and separate office space with an upper viewing deck overlooking the property. Within the barn are four bunk rooms with individual sinks and closets, along with centralized gathering space that includes a full bath and kitchen area.

    The property is located in Rembert, and the original farm’s “racetrack section” is being subdivided into individual homesites. This specific listing is for lot 4, and the adjacent 10.1-acre tract (lot 5) is available separately for purchase; lots 1 and 3 are noted as sold.

    For buyers seeking a working equestrian setup or a private homesite with established facilities, the combination of stall capacity, covered training space, and on-site living quarters supports multiple day-to-day operating scenarios. The separate office building with cypress-walled lower space, kitchen, and half bath also offers flexible rooming and could be repurposed for additional living use depending on buyer plans.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rembert
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.548874
    Latitude
    34.16116

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    FAQs

    What type of property is this?
    Horse & equestrian property - Includes a 24-stall barn with apartment, bunk rooms, covered round pen, and detached office with viewing deck.
    Where is this horse & equestrian property located?
    The property is located at 369 Sweet Street Rembert, SC.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: Lot 4: 12.5‑acre equestrian property in Rembert with a 24‑stall barn and on‑site apartment.; 24‑stall barn includes a 1‑bedroom apartment with full working kitchen, separate bedroom, and full bath.; Covered round pen plus separate office building with upper viewing deck overlooking the land.
    (843) 237-7711
    We can help!
    Listing Contact
    Jeanene Campbell
    Learn More
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    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.

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