Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2902 Is Rd Georgetown, SC 29440-4420

    Property Lookup

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

    2902 Is Rd Georgetown, SC 29440-4420

    View on Map
    • Assisted living facilities
    • 14,215 SF
    • 8.20 lot acres
    Off-Market
    Last Sale Dec 18, 2025
    $485,000
    Property ID
    US77-1416277
    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

    • South Island Assisted Living / Nursing Home

    Property Details for 2902 Is Rd

    Year built
    1987
    Construction
    BRICK
    Lot size
    8.20 lot acres
    Property size
    14,215 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    05-0052-009-00-00
    APU
    500520090000

    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
    Georgetown
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.3004
    Latitude
    33.3274
    CBSA code
    23860
    CBSA name
    GEORGETOWN, 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
    $38,527
    $11,700
    $98,660
    $110,360
    -
    $195,000
    $1,644,400
    $1,839,400

    Comparable in this City

    • Value Estimation
      $1,495,000
      41,450 SF

      2628 Fraser St

      HOMES (RETIRED, NURSING) • 41,450 SF
      2628 Fraser St, Georgetown, SC 29440-6946
      View Details
    • Value Estimation by Request
      29,264 SF

      2715 Is Rd

      HOMES (RETIRED, NURSING) • 29,264 SF
      2715 Is Rd, Georgetown, SC 29440-4415
      View Details
    • Value Estimation by Request
      2,076 SF

      551 Black Riv Rd

      MEDICAL BUILDING • 2,076 SF
      551 Black Riv Rd, Georgetown, SC 29440-3301
      View Details
    • Value Estimation by Request
      65.00 Acres

      Weehaw Plantation Dr

      Land • 65.00 Acres
      0 Weehaw Plantation Dr, Georgetown, SC 29440
      View Details
    • Value Estimation by Request
      32.50 Acres

      3680 Island Rd

      Land • 32.50 Acres
      3680 Island Rd, Georgetown, SC 29440
      View Details
    • Value Estimation by Request
      1.00 Acre

      409 Reservoir St

      MOBILE HOME PARK, TRAILER PARK • 1.00 Acre
      409 Reservoir St, Georgetown, SC 29440-2515
      View Details

    Similar Nearby for Sale

    • $47,995
      0.01 Acres

      40-Foot Boat Slip in Marina

      Boat slip in Friendfield Marina, Georgetown, SC, near ICW.
      19 Friendfield Marina, Georgetown, SC 29440
      View Details
    • $650,000
      44.50 Acres

      Georgetown Acreage For Sale

      44.5 acres of agricultural land in Georgetown, South Carolina.
      Rustwood Dr, Georgetown, SC 29440
      View Details
    • $125,000
      1.00 Acre

      Georgetown Residential Lot with Water Access

      One-acre residential lot near Georgetown with optional water access.
      59 Fiddlers Loop, Georgetown, SC 29440
      View Details
    • $3,500,000
      Pending

      Georgetown Acreage with Road Frontage

      Large 65-acre tract with extensive frontage on N Frasier Street.
      Tbd Weehaw Plantation Dr, Georgetown, SC 29440
      View Details
    • $92,500

      5-Acre Land Parcel in Georgetown

      5 acres near Georgetown, SC, ideal for recreation and building.
      835 Indian Hut Rd, Georgetown, SC 29440
      View Details
    • $80,000
      Pending

      Residential Lot in Georgetown, SC

      Residential lot for sale in Georgetown, South Carolina.
      142 Millbrook Rd, Georgetown, SC 29440
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      2,400 SF

      Georgetown Retail Space For Lease

      2400 sq ft retail space in Georgetown, SC for lease.
      7113 South Island Rd, Georgetown, SC 29440
      View Details
    • $0.73 SF/Yr

      Georgetown Flex Office/Warehouse Space

      6000 sqft flex office/warehouse space in downtown Georgetown.
      1434 Hawkins St, Georgetown, SC 29440
      View Details
    • Contact for pricing
      3,030 SF

      Retail Space in Georgetown Plaza

      Retail space available in a busy, shadow-anchored shopping center.
      1320 N Fraser St, Georgetown, SC 29440
      View Details
    • $2,214 /Mo

      Medical Office Space in Georgetown

      Turn-key medical office suite available May 2025 in Georgetown, SC.
      1001 N Fraser St, Georgetown, SC 29440
      View Details
    • $24,388
      20,904 SF

      Secured Industrial Property Near Airport

      Secured industrial property with two buildings near Georgetown airport.
      149 Piper Ln, Georgetown, SC 29440
      View Details
    • $3,800 /Mo

      Georgetown Historic District Retail Space

      Move-in ready retail space in Georgetown's Historic District.
      718 Front St, Georgetown, SC 29440
      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.
    2902 Is Rd
    Georgetown, SC 29440-4420
    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
    2902 Is Rd, Georgetown, SC, 29440
    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!