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    3976 Leesburg Rd Hopkins, SC 29061
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    3976 Leesburg Rd Hopkins, SC 29061

    View on Map
    • Mobile home & RV parks
    • 19,300 SF
    • 3.74 lot acres
    Off-Market
    Property ID
    US77-0586163
    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

    • Mobile home & RV parks

    Property Details for 3976 Leesburg Rd

    Lot size
    3.74 lot acres
    Property size
    19,300 SF
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds

    Description

    This exceptional investment opportunity presents a 28-site RV park situated on a 3.74-acre lot at 3976 Leesburg Road in Hopkins, South Carolina, zip code 29061. The property boasts a total of 19,300 square feet and currently enjoys 100% occupancy. The park features 27 park-owned homes and one vacant lot ready for immediate development, offering significant upside potential. Sixteen of the existing homes are currently occupied, with the remaining units recently renovated and awaiting tenants. A management company is currently in place, streamlining operations. The property utilizes a private septic system and well water. Infrastructure includes gravel roads and cement pads. The existing homes are a mix of models from the 1980s and more recent builds. Current rental rates are below market value, presenting a substantial opportunity to increase NOI. A pro forma analysis indicates a potential NOI of $250,000 if all park-owned homes were rented at market rates. The current NOI is $66,768, with a 5.56% cap rate and an asking price of $1,200,000 ($62.18 per square foot). This property is conveniently located off Highway 15, providing easy access and high visibility. The significant difference between current rents and market/government subsidized rates ensures a secure and profitable investment.

    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
    Hopkins
    County
    Richland
    State
    South Carolina
    Longitude
    -80.858114
    Latitude
    33.9927497

    Comparable in this City

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    • $118,999
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      Hopkins, SC 6.6-Acre Retreat

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    • $299,000
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      Hopkins Wooded Land with Utilities

      18.12 acres of wooded land with existing utilities.
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    Similar Nearby for Sale

    • $575,000
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      28 Acres Land in Hopkins

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      3236 Trotter Rd, Hopkins, SC 29061
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    • $700,000
      1.71 Acres

      Development-Ready Commercial Parcel on Garners

      1.71-acre commercial parcel in high-traffic area, development-ready.
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    • $118,999
      6.61 Acres

      Hopkins, SC 6.6-Acre Retreat

      6.6 acres with ponds, cleared homesite, well, and septic.
      6160 Old Leesburg Rd, Hopkins, SC 29061
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    • $299,000
      18.12 Acres

      Hopkins Wooded Land with Utilities

      18.12 acres of wooded land with existing utilities.
      149 Grimes Rd, Hopkins, SC 29061
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
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      2,600 SF

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    Hopkins, SC 29061
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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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    3976 Leesburg Rd, Hopkins, SC, 29061
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