Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14 Dairy Rd Ridge Spring, SC 29129
    Back to Search
    Property profile & analytics

    14 Dairy Rd Ridge Spring, SC 29129

    View on Map
    • Residential income homes
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 14 Dairy Rd

    Property type
    Residential income homes

    Description

    Exceptional investment opportunity in the burgeoning McTier Creek Farms subdivision in Ridge Spring, South Carolina. This offering consists of 15 available lots, ranging in size from 6.1 acres to over 11 acres. Several lots boast desirable features including creek frontage, pond frontage, or a combination of wooded and open field areas. The subdivision is currently under development, with roads being constructed to county specifications. The seller will cover the cost of the survey for each lot. Pricing is competitive, starting at $6,500 per acre for wooded or wooded/open field lots, $7,000 per acre for creek frontage, and $7,500 per acre for pond frontage. This presents a unique chance to acquire land suitable for various uses, from residential development to recreational pursuits. Minimal restrictions are in place, prohibiting only the accumulation of junk or junk cars and mobile homes. A yearly road maintenance fee of $150 will apply. This is a rare opportunity to secure land in a rapidly developing area with attractive pricing and desirable features. The asking price for the entire portfolio is $77,000. Located at Lot 14, Dairy Road, Ridge Spring, SC 29129.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridge Spring
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.6201
    Latitude
    33.757

    Comparable in this City

    • Value Estimation by Request

      12 Dairy Rd

      Residential income homes
      12 Dairy Rd, Ridge Spring, SC 29129
      View Details
    • Value Estimation by Request

      7 Dairy Rd

      Residential income homes
      7 Dairy Rd, Ridge Spring, SC 29129
      View Details
    • Value Estimation by Request

      2 Dairy Rd

      Residential income homes
      2 Dairy Rd, Ridge Spring, SC 29129
      View Details
    • Value Estimation by Request

      4 Dairy Rd

      Residential income homes
      4 Dairy Rd, Ridge Spring, SC 29129
      View Details
    • Value Estimation by Request
      1,530 SF

      1410 Whispering Pne Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,530 SF
      1410 Whispering Pne Rd, Ridge Spring, SC 29129-9382
      View Details
    • Value Estimation by Request

      Edwards St

      COMMERCIAL (GENERAL)
      Edwards St, Ridge Spring, SC 29129
      View Details

    Similar Nearby for Sale

    • $2,856,000

      Large Recreational Tract Near Aiken

      Large recreational, equestrian, or hunting tract with marketable timber.
      3448 Columbia Hwy N, Ridge Spring, SC 29129
      View Details
    • $119,900
      Pending

      Ridge Spring Land For Sale

      9.83 acre lot in Ridge Spring, SC.
      1 Mt Calvary Rd, Ridge Spring, SC 29129
      View Details
    • $250,000
      4,038 SF

      Ridge Spring Commercial Property For Sale

      Commercial property with excellent visibility, traffic, and parking.
      401 E Main St, Ridge Spring, SC 29129
      View Details
    • New
      $94,000
      7.00 Acres

      7 Acres Near Downtown Aiken

      7 acres of land zoned RUD, 20 minutes from Aiken.
      Archie Ware Rd, Ridge Spring, SC 29129
      View Details
    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.
    14 Dairy Rd
    Ridge Spring, SC 29129
    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
    14 Dairy Rd, Ridge Spring, SC, 29129
    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!