Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Savannah Lakes Title is generated by Realmo AI

    L13 B28 Monroe Lane, Mc Cormick, SC

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - McCormick, SC

    Lot size:
    0.49 Acres
    Added:
    Jun 4, 2018
    Days on Market:
    2900
    Last Refresh:
    May 12 at 10:06 am

    Property Features for L13 B28 Monroe Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    13
    Lot size
    0.49 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Tonia Coleman-Klein

    Listing agent Tonia Coleman-Klein License #337753

    Listing office Weichert Realtors - Cornerstone 109 Shaw Street, Martinez, SC

    Listing date Jun 4, 2018

    MLS# 98212224 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premier lakefront, active‑lifestyle community with access to Lake Thurmond and its vast 1200 miles of shoreline.
    • Membership includes access to extensive amenities: 2 championship golf courses, indoor/outdoor pools, tennis & pickleball courts, gym, bowling, and billiards.
    • Surrounded by 3 state parks and a national forest offering 100+ miles of hiking/biking trails.
    • Fiber optic internet service included.
    • Medical center on site.
    • Dock/slip opportunity available for all lots.

    Overview

    This approximately 0.49-acre home site is located in the Monticello section of Savannah Lakes Village, an active-lifestyle community. Property ownership includes membership to all amenities, such as two championship golf courses, indoor and outdoor pools, tennis and pickleball courts, a recreation center with a gym, bowling, billiards, a gardening site, and two dining establishments. Fiber optic internet service is available. The property is surrounded by three state parks and a national forest, offering access to over 100 miles of hiking and biking trails. It is situated on Lake Thurmond, which features over 1,200 miles of shoreline and 70,000 acres suitable for water sports. A medical center is located on site. There are over 50 area social and common-interest clubs and organizations, and a community calendar. All lots have available dock and slip opportunities. The property is suitable for building a home now, or enjoying membership with lot purchase and building later. The property is located in McCormick, SC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Cormick
    County
    McCormick
    State
    South Carolina
    Longitude
    -82.371302
    Latitude
    33.913404

    Nearby Similar for Sale

    • $479,000
      1,865 SF

      Campground with Store and Residence

      Campground, store, shop, and house on 12.98 acres.
      2603 Hwy 378, McCormick, SC 29835
      View Details
    • $230,000
      13,000 SF

      Established Mobile Home Park Investment

      Mobile home park with consistent income potential and room for growth.
      576 Talbert Rd., McCormick, SC 29835
      View Details
    • $230,000

      Established Mobile Home Park Investment

      Mobile home park with consistent income and growth potential.
      576 Talbert Rd., McCormick, SC 29835
      View Details
    • $175,000
      1,100 SF

      Turnkey Commercial Office Building

      Renovated office building in McCormick, SC, ready for immediate occupancy.
      203 S. Main, McCormick, SC 29835
      View Details
    • $510,000

      Recreational Timber Tract with Creek

      Turnkey 100-acre recreational timber tract with mature hardwoods and creek.
      00 Long Cane Road, McCormick, SC 29620
      View Details
    • $255,500

      Golf and Water View Homesite

      0.35-acre lot with golf course and water views.
      241 Amelia Drive, McCormick, SC 29835
      View Details
    • $15,000

      Residential Lot in Savannah Lakes

      Residential lot in Savannah Lakes Village with community amenities.
      117 Cumberland Drive, McCormick, SC 29835
      View Details
    • $1,350,881

      275+ Acre Hunting and Recreation Land

      Prime acreage with lake site, timber, and abundant wildlife.
      0 Highway 28, McCormick, SC 29620
      View Details
    • $45,000

      Lake Homesite in Savannah Lakes

      Homesite with dock permit near amenities in Savannah Lakes Village.
      Candlewick Loop lot: 11, McCormick, SC 29835
      View Details
    • $180,000

      Lakefront Lot in McCormick, SC

      0.7-acre lakefront lot suitable for building near Hickory Knob.
      7 Hickory Knob, McCormick, SC 29835
      View Details
    • $15,000

      Residential Land in Savannah Lakes

      Residential lot in active Savannah Lakes Village community.
      L1 B47 Maxwell Lane, McCormick, SC 29835
      View Details
    • $17,500

      Savannah Lakes Village Homesite

      Homesite with lake view and community amenities.
      L13 B12 Garfield Court, McCormick, SC 29835
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.49 acre home site with access to premier amenities.
    Where is this residential land & home lot located?
    The property is located at L13 B28 Monroe Lane Mc Cormick, SC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Premier lakefront, active‑lifestyle community with access to Lake Thurmond and its vast 1200 miles of shoreline.; Membership includes access to **extensive amenities**: 2 championship golf courses, indoor/outdoor pools, tennis & pickleball courts, gym, bowling, and billiards.; Surrounded by 3 state parks and a national forest offering 100+ miles of hiking/biking trails.
    (706) 945-3633
    We can help!
    Listing Contact
    Tonia Coleman-Klein
    Real Estate License ID: 337753
    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

    Thank You for Inquiry
    L13 B28 Monroe Lane, McCormick, SC
    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!