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    Terrapin Pointe Rd Hodges, SC 29653

    • Land
    • 8.76 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Terrapin Pointe Rd

    Lot size
    8.76 lot acres
    Property type
    Land

    Description

    This exceptional property in Hodges, South Carolina, offers ±25.65 acres of prime residential land with access to Lake Greenwood. Located within the picturesque, gated Terrapin Pointe neighborhood, this combined tract (A and B) presents several ideal home sites. Enjoy the convenience of a community boat ramp and dock, along with the added benefit of Turkey Creek frontage. The property's wooded setting provides privacy and tranquility, while its proximity to major roadways ensures easy access to nearby amenities. Hodges is just 20 minutes away, offering a blend of rural charm and convenient access to urban centers. The location is strategically positioned for easy commutes to Greenville, Anderson, and North Augusta (under an hour), and larger cities like Atlanta, Charlotte, and Asheville are within a 2.5-hour drive. Multiple purchase options exist, and the land is suitable for subdivision, making it an attractive investment opportunity. The property's APN is 6941-086-269. Lot sizes range from approximately 8.76 to 25.65 acres. This is a rare chance to own a significant piece of desirable Lake Greenwood real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hodges
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1895
    Latitude
    34.3377

    Comparable in this City

    • Value Estimation by Request
      14.20 Acres

      Terrapin Pointe Rd

      Land • 14.20 Acres
      0 Terrapin Pointe Rd, Hodges, SC 29653
      View Details
    • Value Estimation by Request

      964 Eagles Harbor Dr

      Land
      964 Eagles Harbor Dr, Hodges, SC 29653
      View Details
    • Value Estimation by Request
      1,064 SF

      420 Asbury Rd

      MOBILE HOME PARK, TRAILER PARK • 1,064 SF
      420 Asbury Rd, Hodges, SC 29653-9155
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    • Value Estimation by Request
      1,216 SF

      2502 Dixie Dr

      MOBILE HOME PARK, TRAILER PARK • 1,216 SF
      2502 Dixie Dr, Hodges, SC 29653-9418
      View Details
    • Value Estimation by Request
      784 SF

      209 Miller Rd

      MOBILE HOME PARK, TRAILER PARK • 784 SF
      209 Miller Rd, Hodges, SC 29653-9020
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    • Value Estimation by Request
      9,601 SF

      Moorefield St

      MOBILE HOME PARK, TRAILER PARK • 9,601 SF
      Moorefield St, Hodges, SC 29653
      View Details

    Similar Nearby for Sale

    • $48,000
      1.00 Acre

      Lake Greenwood Residential Lot

      Interior lake lot in gated community near Lake Greenwood.
      410 Terrapin Pointe Rd, Hodges, SC 29653
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    • $129,000
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      Lakefront Residential Lot in Hodges

      0.98-acre lakefront lot in gated community with owner financing.
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    • $75,000
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      Residential Land in Gated Community

      14.19-acre homesite in Terrapin Pointe gated community.
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    • $125,000
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      Lake Greenwood Residential/Subdivision Lot

      1.53 acre lot to build your custom lakefront retreat.
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    • $44,000
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      Lake Greenwood Residential Lot

      Interior lake lot in gated community near Lake Greenwood.
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    • $58,000
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      Lake Greenwood Residential Lot Opportunity

      One-acre lakefront lot in Terrapin Pointe community, Lake Greenwood.
      517 Terrapin Pointe Rd, Hodges, SC 29653
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    Hodges, SC 29653
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    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
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