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

    Buff Blvd Summerton, SC 29148

    Sponsored
    For Sale
    $3,200,000

    Prime development land, highway access, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This exceptional 22.24-acre parcel presents a remarkable redevelopment opportunity in Summerton, South Carolina. Strategically located off a major highway, this level and largely cleared site boasts exceptional visibility and accessibility, ensuring maximum exposure for any commercial venture. The property is zoned GC, permitting a versatile range of uses, including commercial, flex, and light industrial developments. Existing infrastructure includes readily available water and sewer services, significantly reducing development costs and timelines. The property's location within the thriving Summerton area offers access to a growing community and diverse economic potential. Three separate APNs are included: 077-10-02-009-00, 077-10-02-001-00, 077-10-02-011-00, and 0077-10-02-006-00. This is an unparalleled chance to acquire a high-traffic, highly visible site with all the necessary utilities in place, making it ideal for a variety of commercial and industrial investment ventures. The property's size allows for significant expansion or development, catering to large-scale projects. Its proximity to major transportation arteries ensures convenient logistics and accessibility for both local and regional businesses. This prime location offers unbeatable convenience and accessibility for both local and out-of-town traffic.

    Property Features for 0 Buff Blvd

    General Information

    Property type
    Flex space
    Lot Size
    968,774 SF

    We can help!

    Listing Contact
    David Brock
    David Brock

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Summerton
    County
    Clarendon
    State
    South Carolina
    Longitude
    -80.3567299
    Latitude
    33.5921976

    Nearby Comparable

    • $3,200,000

      Prime Commercial Land For Sale

      22+/- acres of commercial land with highway visibility.
      1349 Felton St, Summerton, SC 29148
      View Details
    • $950,000
      31.00 Acres

      I-95 Commercial Land Development

      31 Acres, Prime I-95 Location, SC
      0 Tbd Buff Blvd, Summerton, SC 29148
      View Details
    • $417,000
      13.90 Acres

      Summerton Commercial Site I-95

      13.9 acre site ideal for truck plaza, restaurant, or hotel.
      102 I-95, Summerton, SC 29148
      View Details
    • $83,000

      Rural Homesite Near Lake Marion

      6.39 acres near Lake Marion with recreational opportunities.
      W Rickenbaker Rd, Summerton, SC 29148
      View Details
    • $235,000
      4,019 SF

      Historic Summerton Office Building

      Prime location, renovated office space
      1 Cantey St, Summerton, SC 29148
      View Details
    • $417,000
      13 SF

      I-95 Exit 102 Land Opportunity

      13-acre commercial land near I-95, ideal for truck plaza.
      I-95 Summerton Hwy, Summerton, SC 29148
      View Details

    Nearby Similar for Sale

    • $290,000
      1,664 SF

      Cottage-Style Duplex Near Lake Marion

      Charming duplex with income potential near Lake Marion.
      1201 Crescent St, Summerton, SC 29148
      View Details
    • $417,000
      13.90 Acres

      Summerton Commercial Site I-95

      13.9 acre site ideal for truck plaza, restaurant, or hotel.
      102 I-95, Summerton, SC 29148
      View Details
    • $6,300,000
      140,000 SF

      Summerton Manufacturing and Distribution Facility

      140,000 SF manufacturing facility on 47.4 acres for sale.
      9104 Alex Harvin Hwy, Summerton, SC 29148
      View Details
    • $235,000
      4,019 SF

      Historic Summerton Office Building

      Prime location, renovated office space
      1 Cantey St, Summerton, SC 29148
      View Details

    FAQs

    What type of property is this?
    Flex space - Prime development land, highway access, utilities available.
    Where is this flex space located?
    The property is located at Buff Blvd Summerton, SC.
    What is the asking price?
    The asking price for this property is $3,200,000.
    Request Owner's contact information
    Buff Blvd Summerton, SC 29148
    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.
    Buff Blvd
    Summerton, SC 29148
    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
    Buff Blvd Summerton, SC 29148
    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
    David Brock
    David Brock
    Real Estate License ID: 58004
    Learn more
    Google sign-in failed. Please try again or use another login method.