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

    Lawrence Dr Summerville, SC 29483

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

    5.4 acres in Azalea Estates, ideal for building or investment.

    Type:Land
    Lot size:
    5.40 Acres
    Added:
    Nov 2, 2022
    Days on Market:
    1264
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for Lawrence Dr

    General Information

    Standard status
    Active
    Lot size
    5.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Brandon Ray

    Listing agent Brandon Ray License #SC

    Listing office Carolina One Real Estate Summerville

    Listing date Nov 2, 2022

    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 Carolina One Real Estate Summerville

    Overview

    Summerville Acreage: Investment Opportunity

    This 5.4-acre parcel is located in the Azalea Estates subdivision in Summerville. Zoned agricultural and situated less than 10 minutes from downtown Summerville, this property offers the opportunity to build a home or explore investment possibilities. The acreage information is sourced from county records. The property was purchased at a tax auction and conveyed through a quit claim deed; buyers are advised to seek counsel from a real estate attorney regarding the deed. There is no deeded easement; access is to be negotiated with area property owners. This is a cash sale only. Buyers and their agents are encouraged to perform due diligence. The Dorchester GIS property ID is 130-00-00-015.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.199667
    Latitude
    33.040535

    Nearby Similar for Sale

    • $335,000

      Prime Commercial Land Opportunity

      2 acres zoned GC near major intersection with utilities.
      1329 Orangeburg Road, Summerville, SC 29483
      View Details
    • $495,000

      Prime Corner Parcel in Summerville

      1.72-acre corner parcel with high visibility and development potential.
      Highway 17a S, Summerville, SC 29483
      View Details
    • $299,000

      Summerville Land For Sale

      Half acre lot zoned GR-2 in Summerville, SC.
      N Palmetto Street, Summerville, SC 29483
      View Details
    • $575,000

      Prime Land in Summerville, SC

      4.75-acre tract with frontage on State Road / Hwy 176.
      123 State Road, Summerville, SC 29486
      View Details
    • $349,000

      Summerville Land Opportunity

      3 acres of land ready for your dream home.
      200 Yearling Drive, Summerville, SC 29486
      View Details
    • $646,500
      4,012 SF

      Summerville Quadplex Investment Opportunity

      Well-located Summerville quadplex near major employers and retail.
      104 Jedi Lane, Summerville, SC 29485
      View Details
    • $899,900

      Prime Commercial Land Opportunity

      4 acres of general commercial land with utilities in Summerville.
      899 Orangeburg & Butternut Road, Summerville, SC 29483
      View Details
    • $399,000

      Three Acres in Huntington Farms

      Three acres in desirable Huntington Farms near Downtown Summerville.
      103 Caveson Drive, Summerville, SC 29483
      View Details
    • $646,500
      3,887 SF

      Summerville Quadplex Investment Opportunity

      Fully occupied quadplex in Summerville, SC, with solid rental history.
      103 Magwood Drive, Summerville, SC 29485
      View Details
    • $149,000

      Land in Summerville, SC

      Land available in Summerville, South Carolina.
      228 Comiskey Park Circle, Summerville, SC 29485
      View Details
    • $900,000

      Summerville Land Package Opportunity

      4.25 acres of land in prime Summerville location.
      Mockingbird Lane, Summerville, SC 29483
      View Details
    • $300,000
      1,319 SF

      Updated Duplex in Summerville, SC

      Charming 3-bedroom duplex with modern updates and private backyard.
      4808 Habersham Lane, Summerville, SC 29485
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.4 acres in Azalea Estates, ideal for building or investment.
    Where is this agricultural land / farmland located?
    The property is located at Lawrence Dr Summerville, SC.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: 5.4‑acre parcel in Azalea Estates, Summerville; Zoned agricultural, offering flexibility for various projects; Close proximity (less than 10 minutes) to downtown Summerville
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brandon Ray
    Real Estate License ID: SC
    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!