Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Georgetown Commercial Land Opportunity Title is generated by Realmo AI

    3934 S Fraser St, Georgetown, SC 29440

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    6.5 acres near Georgetown Airport with commercial zoning potential.

    Type:Land
    Lot size:
    6.50 Acres
    Added:
    Jan 3, 2023
    Days on Market:
    1249
    Last Refresh:
    May 19 at 9:07 pm

    Property Features for 3934 S Fraser St

    General Information

    Standard status
    Active
    Lot size
    6.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Marek, CCIM

    Listing agent Chris Marek, CCIM License #101863

    Listing office Marek Property Advisors

    Listing date Jan 3, 2023

    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 Marek Property Advisors

    HighLights

    • 6.5 acres within Georgetown city limits with commercial zoning potential.
    • Proximity to Georgetown Airport (less than 1/3 mile) and Georgetown (10 minutes).
    • High traffic count (16,000+ cars/day).
    • Three parcels included in the sale.
    • Water access on the same side of the road.
    • Sewer connection possible from across the street.

    Overview

    This property features three parcels totaling 6.5 flat acres within Georgetown city limits, offering development possibilities. The future land use is listed as commercial zoning. Currently, the property includes two houses and a storage building with two stalls. Water is available on the same side of the road. Sewer access may be possible from across the street at HGTC, depending on volume needs. The location is less than 1/3 mile from Georgetown Airport and 10 minutes from Georgetown. The property benefits from a traffic count of over 16,000 cars per day. The acreage is an estimate based on county assessor information, and the buyer is responsible for verifying the exact acreage. The included parcel numbers are 01-0445-014-00-00, 01-0445-013-02-00, and 01-0445-016-00-00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Auto Parts Store Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.3228805
    Latitude
    33.3214883

    Nearby Similar for Sale

    • $350,000
      2,550 SF

      Versatile Georgetown Office/Industrial Opportunity

      Office and warehouse space near Georgetown's commercial corridor.
      2019 Highmarket St., Georgetown, SC 29440
      View Details
    • $665,000
      3,432 SF

      Georgetown Restaurant Opportunity For Sale

      Former restaurant with equipment on 0.73 acres in Georgetown.
      1740 Highmarket St., Georgetown, SC 29440
      View Details
    • $349,900

      Commercially Zoned Land in Georgetown

      3.37 acres of commercially zoned land in historic Georgetown, SC.
      3120 Highmarket Street, Georgetown, SC 29440
      View Details
    • $829,000

      Georgetown Mixed-Use Land For Sale

      1.75 acres with commercial and residential potential in Georgetown.
      2304 Highmarket St., Georgetown, SC 29440
      View Details
    • $349,900

      Georgetown Commercial Land Opportunity

      Commercially zoned land in historic downtown Georgetown, South Carolina.
      3120 Highmarket St., Georgetown, SC 29440
      View Details
    • $589,000

      Waterfront Lot in Gated Community

      Waterfront lot with planned amenities in Georgetown, South Carolina.
      Cravens St. lot: 177, Georgetown, SC 29440
      View Details
    • $350,000

      Waterfront Land Lot with Dock

      Ready-to-build riverfront lot with an existing dock and installed septic and water utilities.
      598 Comanche Dr., Georgetown, SC 29440
      View Details
    • $350,000
      2,550 SF

      Office and Warehouse Buildings For Sale

      Office and warehouse buildings totaling 2,550 SF on 0.25 acres.
      2019 Highmarket Street, Georgetown, SC 29440
      View Details
    • $225,000

      Georgetown Commercial Lot For Sale

      2.15 acre commercial lot in Georgetown, South Carolina.
      Old Charleston Rd. lot: 11-Tbd, Georgetown, SC 29440
      View Details
    • $1,100,000

      Homesite Near Beach in Georgetown

      Half-acre homesite near the beach with lake and marsh views.
      34 Dune Oaks Dr., Georgetown, SC 29440
      View Details
    • $599,000

      Georgetown Commercial Acreage For Sale

      57 acres of commercial land with highway frontage.
      Highway 701 S, Georgetown, SC 29440
      View Details
    • $314,900

      Georgetown Land with Highway Frontage

      5.9+ acre commercial land with highway frontage on US Hwy 17.
      11473 S Fraser Street, Georgetown, SC 29440
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.5 acres near Georgetown Airport with commercial zoning potential.
    Where is this commercial land located?
    The property is located at 3934 S Fraser St Georgetown, SC.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: 6.5 acres within Georgetown city limits with commercial zoning potential.; Proximity to Georgetown Airport (less than 1/3 mile) and Georgetown (10 minutes).; High traffic count (16,000+ cars/day).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Marek, CCIM
    Real Estate License ID: 101863
    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
    3934 S Fraser St, Georgetown, SC 29440
    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!