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    216 Main St Williamston, SC 29697
    Property profile & analytics

    216 Main St, Williamston, SC 29697

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    • Commercial real estate
    • 0.80 lot acres
    Off-Market
    Property ID
    US77-0165779
    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

    • Commercial real estate

    Property Details for 216 Main St

    Lot size
    0.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.8-acre commercial land parcel, located at 216 E Main St in Williamston, South Carolina, presents a compelling redevelopment opportunity. Situated on the highly visible corner of E Main Street and S Green Street, this flat lot boasts 140 feet of frontage along E Main Street, offering significant exposure for any new development. The property currently features an existing house, providing flexibility for adaptive reuse as office space or the potential for demolition to create a new retail space. The asking price is $325,000. This prime location in Anderson County, zip code 29697, offers easy access to local amenities and boasts strong potential for future growth. The coordinates are 34.6201022 latitude and -82.4727058 longitude. This is an ideal investment for developers seeking a high-visibility site in a thriving South Carolina community. The property's size and location make it suitable for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities this unique property offers.

    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
    Williamston
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.4727058
    Latitude
    34.6201022

    Comparable in this City

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      20.04 Acres

      Prime Commercial Land on I-85

      20-acre commercial land with I-85 frontage in Williamston, SC.
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      Commercial Land with I-85 Visibility

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      Unrestricted Acreage with Expansion Potential

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      Commercial/Industrial Land Near I-85

      50 acre commercial/industrial land near Interstate 85 and Highway 81.
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      Residential Lot in Williamston, SC

      Level lot ready for your dream home near Mineral Springs Park.
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    Similar Nearby for Sale

    • Contact for pricing
      0.34 Acres

      Land in Williamston, SC

      Residential land available outside of Williamston, South Carolina.
      105 Wade Rd, Williamston, SC 29697
      View Details
    • $1,100,000
      20.04 Acres

      Prime Commercial Land on I-85

      20-acre commercial land with I-85 frontage in Williamston, SC.
      Nannies Cir, Williamston, SC 29697
      View Details
    • $300,000

      Commercial Land with I-85 Visibility

      Graded, graveled commercial land with utilities and interstate access.
      210 Webb Rd, Williamston, SC 29697
      View Details
    • Contact for pricing

      Unrestricted Acreage with Expansion Potential

      Acreage with public water, natural spring, and expansion opportunity.
      00 Mahaffey Rd, Williamston, SC 29697
      View Details
    • Contact for pricing

      Commercial/Industrial Land Near I-85

      50 acre commercial/industrial land near Interstate 85 and Highway 81.
      000 Anderson Business Park, Williamston, SC 29697
      View Details
    • $49,900
      Pending

      Residential Lot in Williamston, SC

      Level lot ready for your dream home near Mineral Springs Park.
      Walton Dr, Williamston, SC 29697
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Williamston Warehouse Space Available

      60000 sqft warehouse/industrial space for lease in Williamston, SC.
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      25,000 SF

      Industrial Space Near I-85

      25,000 SF industrial space with I-85 frontage.
      9 Red Fox Blvd, Williamston, SC 29697
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      Upcoming Warehouse Space Near I-85

      New warehouse space for rent, convenient I-85 access.
      730 Hampton Rd, Williamston, SC 29697
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      25,000 SF

      Industrial Space Near I-85

      25,000 SF industrial space with I-85 frontage in Williamston, SC.
      20 Red Fox Blvd, Williamston, SC 29697
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    • Contact for pricing

      New Warehouse Space Available

      New warehouse space for lease, convenient I-85 access.
      730 Hampton Rd, Williamston, SC 29697
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    216 Main St
    Williamston, SC 29697
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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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