Add Listing
    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

    2323 Wedgefield Rd Sumter, SC 29154

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with frontage on two roads in strong sub-market.

    Type:Land
    Lot size:
    3.71 Acres
    Added:
    Nov 13, 2018
    Days on Market:
    2722
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 2323 Wedgefield Rd

    General Information

    Standard status
    Active
    Lot size
    3.71 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jay Davis, CCIM, SIOR

    Listing agent Jay Davis, CCIM, SIOR License #SC 7943

    Listing office Coldwell Banker Commercial Cornerstone

    Listing date Nov 13, 2018

    Source Crexi

    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 Coldwell Banker Commercial Cornerstone

    Overview

    Commercial Land on Busy Intersection

    This commercial land is situated at a busy intersection within a strong sub-market of Sumter. The lot encompasses approximately 3.71 acres and features approximately 477 feet of frontage on Loring Mill Road and approximately 419 feet of frontage on Wedgefield Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.3899056
    Latitude
    33.9145499

    Nearby Similar for Sale

    • $795,000
      7,337 SF

      Medical Office Building For Sale

      Spacious medical office building with multiple rooms and ample storage.
      407 N Salem Avenue, Sumter, SC 29150
      View Details
    • $550,000
      4,186 SF

      Versatile Commercial Building in Sumter

      Adaptable commercial space suitable for office, retail, or salon.
      25 N Guignard Drive, Sumter, SC 29150
      View Details
    • $250,000
      2,690 SF

      Versatile Professional Office Building

      Spacious office building ideal for various business uses.
      430 N Main Street, Sumter, SC 29150
      View Details
    • $750,000
      10,423 SF

      Sumter Commercial Property with Upside

      Income-producing commercial property with development potential near Shaw Air Force Base.
      2090 Peach Orchard Road, Sumter, SC 29154
      View Details
    • $250,000
      2,204 SF

      Commercial Property in Downtown Sumter

      Versatile commercial space with recent updates and convenient location.
      19 E Calhoun Street, Sumter, SC 29150
      View Details
    • $1,400,000
      8,692 SF

      Turnkey Assisted Living Facility

      Fully occupied assisted living facility with 33 beds in Sumter.
      23 Kendrick Street, Sumter, SC 29150
      View Details
    • $1,350,000
      9,440 SF

      Neoclassical Mansion Event Venue

      Sumter, SC: Historic mansion ideal as event venue.
      120 E Liberty Street, Sumter, SC 29150
      View Details
    • $179,000

      Prime Commercial Corner in Sumter

      High-visibility 5.64-acre commercial land for sale in Sumter, SC.
      260 N Bultman Drive, Sumter, SC 29150
      View Details
    • $199,000
      1,503 SF

      Versatile Commercial Property in Sumter

      Commercial property ideal for automotive sales, service, or other businesses.
      30 S Pike E, Sumter, SC 29150
      View Details
    • $399,500

      Commercial Land Sumter, SC

      0.97 acre commercial lot at high traffic location.
      1920 Castlerock Drive, Sumter, SC 29153
      View Details
    • $1,850,000
      23,175 SF

      Former Assisted Living Facility

      Value-add investment opportunity with flexible reuse potential in Sumter, SC.
      1267 N Main Street, Sumter, SC 29153
      View Details
    • $325,000

      New Construction Duplex in Sumter

      New construction duplex in Sumter, SC, for sale or lease.
      1001/1003 Jessamine Trl, Sumter, SC 29150-0000
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with frontage on two roads in strong sub-market.
    Where is this commercial land located?
    The property is located at 2323 Wedgefield Rd Sumter, SC.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Located on a busy intersection in one of Sumter's strongest sub‑markets.; +/- 3.71 acre lot.; +/- 477 frontage on Loring Mill Road.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jay Davis, CCIM, SIOR
    Real Estate License ID: SC 7943
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!