Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101 Stornaway St Bennettsville, SC 29512

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    101 Stornaway St Bennettsville, SC 29512

    View on Map
    • Commercial real estate
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 101 Stornaway St

    Year built
    1960
    Lot size
    0.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a compelling investment opportunity in Bennettsville, South Carolina. Located at 101 Stornaway Street, this offering encompasses a substantial 0.5-acre lot with significant road frontage on both Stornaway Street and the heavily trafficked four-lane Cottingham Boulevard, ensuring high visibility and accessibility. The property's prime location offers tremendous potential for a variety of commercial ventures. Adding to its value, this sale includes two additional adjacent parcels, identified by tax map numbers 032-47-03-43 and 032-47-03-045, expanding the overall land area and development possibilities. The combined parcels provide ample space for construction, expansion, or redevelopment projects. The asking price of $24,000 represents a remarkable opportunity to acquire a strategically positioned commercial property with considerable upside potential in a growing market. This is an ideal investment for developers, entrepreneurs, or anyone seeking a strong foothold in the Bennettsville commercial landscape. The property's size and location make it suitable for a wide range of commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore this unique opportunity further. The property is being sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bennettsville
    County
    Marlboro County
    State
    South Carolina
    Longitude
    -79.6973
    Latitude
    34.6119

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      405 Main St

      Commercial real estate • 1.10 Acres
      405 Main St, Bennettsville, SC 29512
      View Details
    • Value Estimation by Request
      1,600 SF

      117 117 Hwy 15-401 Byp

      Commercial real estate • 1,600 SF
      117 117 Hwy 15-401 Byp, Bennettsville, SC 29512
      View Details
    • Value Estimation by Request

      104 Broad St

      COMMERCIAL (GENERAL)
      104 Broad St, Bennettsville, SC 29512-4002
      View Details
    • Value Estimation by Request

      215 Main St

      COMMERCIAL (GENERAL)
      215 Main St, Bennettsville, SC 29512-3121
      View Details
    • Value Estimation by Request

      309 Main St

      COMMERCIAL (GENERAL)
      309 Main St, Bennettsville, SC 29512-3109
      View Details
    • Value Estimation by Request

      301 Main St

      COMMERCIAL (GENERAL)
      301 Main St, Bennettsville, SC 29512-3156
      View Details

    Similar Nearby for Sale

    • $285,000
      1,600 SF

      High-Traffic Bennettsville Commercial Space

      Prime location, high visibility, 1600 sq ft.
      117 117 Hwy 15-401 Byp, Bennettsville, SC 29512
      View Details
    • $30,000
      23,958 SF

      Bennettsville Commercial Building

      High-traffic location, great investment!
      Highway 15-401, Bennettsville, SC 29512
      View Details
    • $399,000
      75.40 Acres

      75 Acre Farm/Estate Opportunity

      75 acre farm and estate property in Bennettsville, South Carolina.
      385 & Family Farm Rd, Bennettsville, SC 29512
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Lot Near Lake

      Small lot in Bennettsville, close to lake and golf.
      32 2Nd Ave, Bennettsville, SC 29512
      View Details
    • Contact for pricing

      Land with Road Frontage

      Commercial land with frontage on Stornaway Street and Cottingham Blvd.
      101 Stornaway St, Bennettsville, SC 29512
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot Near Golf Course

      Corner lot with road frontage near golf course and lake.
      475 3Rd Ave, Bennettsville, SC 29512
      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.
    101 Stornaway St
    Bennettsville, SC 29512
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!