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    188 Bismarck Dr Gaston, SC 29053

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    188 Bismarck Dr Gaston, SC 29053

    View on Map
    • Mobile home & RV parks
    • 7.47 lot acres
    Off-Market
    Property ID
    US77-1220060
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bismarck Acres Mobile Home Park / Campground & RV Park

    Property Details for 188 Bismarck Dr

    Lot size
    7.47 lot acres
    Property type
    Mobile home & RV parks
    APN
    082 033 (Sylvania)/010021-01-010 (Gaston

    Description

    This 7.47-acre mobile home park in Gaston, SC, presents a compelling investment opportunity. Located at 188 Bismarck Dr, the property boasts 18 units and is zoned for residential use. The park benefits from modern amenities including LED lighting and security cameras, enhancing both resident comfort and operational efficiency. Its convenient location, just 15 minutes from I-26, offers easy access to major transportation routes, while its proximity to downtown Columbia provides residents with access to urban amenities. The property's Class C designation reflects its potential for value appreciation through strategic improvements and management. The current cap rate stands at 7.00%, indicating a strong potential for return on investment. The fee simple ownership provides complete control and flexibility. Detailed financial information, including rent rolls (T12), is available upon request. This property is situated in Lexington County, SC, with the APN 082 033 (Sylvania)/010021-01-010 (Gaston) and zip code 29053. The serene setting and strong potential for growth make this a rare opportunity in a desirable South Carolina market. This is a prime investment for those seeking a stable, high-yield asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaston
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1171713
    Latitude
    33.8384787

    Comparable in this City

    • $450,000
      3.92 Acres

      Gaston Mobile Home Park Opportunity

      Permitted mobile home park with infrastructure in place for development.
      4620 Highway 321, Gaston, SC 29053
      View Details
    • $2,500,000
      18,514 SF

      Retail Property in Gaston, SC

      Retail property available for sale in Gaston, South Carolina.
      1128 Mack St, Gaston, SC 29053
      View Details
    • $101,150
      2.89 Acres

      Gaston, SC Residential Land

      2.89 acre residential homesite with public water access.
      1 Mimosa Dr, Gaston, SC 29053
      View Details
    • $315,000
      9.00 Acres

      Gaston Acreage with Road Frontage

      9 acres in Gaston, SC, ideal for multiple homesites.
      223 Mimosa Dr, Gaston, SC 29053
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      000 Jacques Haven Rd, Gaston, SC 29053
      View Details
    • Contact for pricing

      107 Acres with Spring-Fed Pond

      107 acres of land featuring a 2.55-acre pond.
      500 Gator Rd, Gaston, SC 29053
      View Details

    Similar Nearby for Sale

    • $450,000
      3.92 Acres

      Gaston Mobile Home Park Opportunity

      Permitted mobile home park with infrastructure in place for development.
      4620 Highway 321, Gaston, SC 29053
      View Details
    • $2,500,000
      18,514 SF

      Retail Property in Gaston, SC

      Retail property available for sale in Gaston, South Carolina.
      1128 Mack St, Gaston, SC 29053
      View Details
    • $101,150
      2.89 Acres

      Gaston, SC Residential Land

      2.89 acre residential homesite with public water access.
      1 Mimosa Dr, Gaston, SC 29053
      View Details
    • $315,000
      9.00 Acres

      Gaston Acreage with Road Frontage

      9 acres in Gaston, SC, ideal for multiple homesites.
      223 Mimosa Dr, Gaston, SC 29053
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      000 Jacques Haven Rd, Gaston, SC 29053
      View Details
    • Contact for pricing

      107 Acres with Spring-Fed Pond

      107 acres of land featuring a 2.55-acre pond.
      500 Gator Rd, Gaston, SC 29053
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Modern Industrial Warehouse Near I-26

      50,000 SF warehouse with convenient I-26 access.
      36 Sirens Ln, Gaston, SC 29053
      View Details
    • Contact for pricing
      519,792 SF

      Sandy Run Industrial Park Phase II

      Gaston, SC: 519,792 SF Industrial Space
      115 15 St, Gaston, SC 29053
      View Details
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    188 Bismarck Dr
    Gaston, SC 29053
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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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    188 Bismarck Dr, Gaston, SC, 29053

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