Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1222 Miller Rd Hodges, SC 29653-9030

    • Mobile home & RV parks
    • 8,234 SF
    • 15.30 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2025
    $200,000
    Value Estimations
    $170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1580548
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 1222 Miller Rd

    Year built
    1981
    Lot size
    15.30 lot acres
    Property size
    8,234 SF
    Property type
    Mobile home & RV parks
    APN
    6930-788-580
    APU
    6930788580

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $170,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hodges
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1994
    Latitude
    34.3171
    CBSA code
    24940
    CBSA name
    GREENWOOD, SC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,309
    $0.00
    $0.00
    $4,060
    -
    $92,900
    $0.00
    $92,900

    Comparable in this City

    • 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
      View Details
    • 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
      View Details
    • Value Estimation by Request
      9,601 SF

      Moorefield St

      MOBILE HOME PARK, TRAILER PARK • 9,601 SF
      Moorefield St, Hodges, SC 29653
      View Details
    • Value Estimation by Request
      1,536 SF

      Siloam Church Rd

      MOBILE HOME PARK, TRAILER PARK • 1,536 SF
      Siloam Church Rd, Hodges, SC 29653
      View Details
    • Value Estimation by Request
      924 SF

      1415 Deadfall W Rd

      MOBILE HOME PARK, TRAILER PARK • 924 SF
      1415 Deadfall W Rd, Hodges, SC 29653-9423
      View Details

    Similar Nearby for Sale

    • $75,000
      14.20 Acres

      Residential Land in Gated Community

      14.19-acre homesite in Terrapin Pointe gated community.
      1 Terrapin Pt Rd, Hodges, SC 29653
      View Details
    • $179,500
      0.99 Acres

      Lakefront Lot with Boat Slip

      Residential lot with lake view, dockable waterfrontage, and boat slip.
      854 Eagles Harbor Dr, Hodges, SC 29653
      View Details
    • $30,000
      1.55 Acres

      Residential Lot with Lake Views

      1.55-acre lot in gated community with lake access.
      729 Eagles Harbor Dr, Hodges, SC 29653
      View Details
    • $69,900
      1.04 Acres

      Dockable Lakefront Lot in Hodges

      1.04 acre lakefront lot in private gated community.
      333 Terrapin Pointe Rd, Hodges, SC 29653
      View Details
    • $125,000
      1.53 Acres

      Lake Greenwood Residential/Subdivision Lot

      1.53 acre lot to build your custom lakefront retreat.
      844 Eagles Hbr Blvd, Hodges, SC 29653
      View Details
    • Contact for pricing
      1.00 Acre

      Cleared Lot in Lake Greenwood Community

      One-acre cleared lot in Lake Greenwood community with marina.
      407 Eagles Harbor Dr, Hodges, SC 29653
      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.
    1222 Miller Rd
    Hodges, SC 29653-9030
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.