Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wadmalaw Island Residential Development Land Title is generated by Realmo AI

    Maybank Highway, Wadmalaw Island, SC 29487

    View on Map
    Claim this Listing
    Picture of Land at Maybank Highway, Wadmalaw Island, SC
    For Sale
    Under Contract
    $820,000

    LAND - Wadmalaw Island, SC

    Lot size:
    31.63 Acres
    Added:
    May 11, 2023
    Days on Market:
    1112
    Last Refresh:
    May 26 at 2:06 pm

    Property Features for Maybank Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    31.63 Acres

    We can help!

    Listing Contact
    Paris Barr

    Listing agent Paris Barr

    Listing office EXP Realty LLC Charleston, SC

    Listing date May 11, 2023

    MLS# 23010488 Listing URL

    Copyright © 2026 CHS Regional 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

    • Over 31 acres of land suitable for residential development
    • Potential to build at least 30 homes
    • Alternative option to create 11 spacious estates on at least one‑acre lots
    • Zoned for residential use
    • Offers opportunities for customization and personalization
    • Variety of trees and shrubs providing natural beauty and privacy

    Overview

    This property, located on Wadmalaw Island, South Carolina, encompasses over 31 acres of land and presents significant potential for residential development. The property is zoned for residential use. It offers the possibility of constructing at least 30 homes or creating 11 estates, each situated on at least one acre of land. The land features a variety of trees and shrubs, providing natural beauty and privacy. With the appropriate permits and approvals, the land could be developed into a community of modern homes. This property offers opportunities for customization and personalization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wadmalaw Island
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.19842
    Latitude
    32.60907

    Nearby Similar for Sale

    • $1,250,000

      Waterfront Land on Wadmalaw Island

      Premier 3.8-acre deepwater homesite in gated waterfront community.
      2761 Anchor Watch Drive, Wadmalaw Island, SC 29487
      View Details
    • $200,000

      Wadmalaw Island Vacant Land

      Vacant land on Wadmalaw Island, build your dream home!
      Bears Bluff lot: C, Wadmalaw Island, SC 29487
      View Details
    • $200,000

      Wadmalaw Island Vacant Land

      Vacant land on Wadmalaw Island, build your dream home!
      Bears Bluff lot: B, Wadmalaw Island, SC 29487
      View Details
    • $210,000

      Wadmalaw Island Land Parcel

      3.75 acre land parcel on Wadmalaw Island, South Carolina.
      2492 Boy Scout Road, Wadmalaw Island, SC 29487
      View Details
    • $195,000

      Wadmalaw Island Land For Sale

      0.33 acre commercial land available on Wadmalaw Island.
      6825 Maybank Highway, Wadmalaw Island, SC 29487
      View Details
    • $749,000

      Waterfront Land in Wadmalaw Island

      14+ acre waterfront land in Charleston County's Martins Point.
      Josie Ridge lot: 35, Wadmalaw Island, SC 29487
      View Details
    • $409,000

      Wadmalaw Island Land Opportunity

      Pristine 4-acre property on Wadmalaw Island, South Carolina.
      5755 Nutall Road, Wadmalaw Island, SC 29487
      View Details
    • $140,000

      Undevelopable Land on Wadmalaw Island

      Gated, undevelopable land portion on Cherry Point Road.
      Cherry Point Road, Wadmalaw Island, SC 29487
      View Details
    • $435,000

      Wadmalaw Island Cleared Land Parcel

      4.64-acre property in Martin's Point equestrian community, ready for custom build.
      6079 Josie Ridge Road, Wadmalaw Island, SC 29487
      View Details
    • $10,000

      Wadmalaw Island Land Opportunity

      Quiet Wadmalaw Island land for sale.
      0 Russell Road, Wadmalaw Island, SC 29487
      View Details
    • $10,000

      Land on Wadmalaw Island

      Land available on quiet Wadmalaw Island, South Carolina.
      Russell Road, Wadmalaw Island, SC 29487
      View Details
    • $350,000

      Marshfront Land on Wadmalaw Island

      1.42-acre marshfront lot near Bohicket Creek and Rockville Yacht Club.
      7045 Whistling Alligator Way, Wadmalaw Island, SC 29487
      View Details

    FAQs

    What type of property is this?
    Land - 31+ acre residential development opportunity on Wadmalaw Island.
    Where is this land located?
    The property is located at Maybank Highway Wadmalaw Island, SC.
    What is the asking price?
    The asking price for this property is $820,000.
    What are key features of this property?
    This property features: Over 31 acres of land suitable for residential development; Potential to build at least 30 homes; Alternative option to create 11 spacious estates on at least one‑acre lots
    (888) 440-2798
    We can help!
    Listing Contact
    Paris Barr
    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
    Maybank Highway, Wadmalaw Island, SC 29487
    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!