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    4661 Willie Bayne Ln Heath Springs, SC 29058

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    4661 Willie Bayne Ln Heath Springs, SC 29058

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    • Commercial real estate
    • 17.77 lot acres
    Off-Market
    Property ID
    US77-0702365
    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 4661 Willie Bayne Ln

    Lot size
    17.77 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 17.77-acre property in Lancaster County, South Carolina, presents a unique blend of commercial and recreational opportunities. Located at 4661 Willie Bayne Lane, Heath Springs, SC 29058, this land boasts a 1-acre stocked pond, ideal for fishing. The property also features established hunting blinds and a network of cleared trails, providing excellent access for hunting deer and turkey. A 1,750 square foot residence includes three bedrooms, two full bathrooms, a kitchen, dining room, living room with a wood-burning fireplace, and a den/man cave/office with a wood stove and its own entrance. A utility/mud room adds to the home's functionality. Recent renovations (2005 and 2021) encompass substantial new indoor space, new plumbing and wiring, a side porch connecting to an expanded rear deck, a new HVAC system, window replacements, and a rebuilt septic system. The property also includes multiple outbuildings offering ample storage and a sizeable workshop. The elevated home site provides stunning views of the pond and surrounding acreage. Conveniently located just seven miles from Lancaster, Heath Springs, and Great Falls, and within twenty minutes of Camden and an hour of Charlotte or Columbia, this property offers the best of rural living with easy access to amenities. Lake Wateree and the Catawba River are nearby, providing additional recreational opportunities. The asking price is $440,000. This rural paradise is available due to a change in the owners' work location.

    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
    Heath Springs
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.808436
    Latitude
    34.586672

    Comparable in this City

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    Similar Nearby for Sale

    • $89,900
      13.00 Acres

      13 Acres of Prime Timberland

      13-acre wooded property in Heath Springs, SC, with timber.
      S Main St S, Heath Springs, SC 29058
      View Details
    • $129,000
      10.00 Acres

      Versatile 10-Acre Land Parcel

      10 acres in Heath Springs with road frontage and timber.
      Coldstream Rd, Heath Springs, SC 29058
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Commercially zoned land suitable for various development opportunities.
      169 Rowland Ave, Heath Springs, SC 29058
      View Details
    • $150,000
      4.80 Acres

      Commercially Zoned Land Opportunity

      5-acre commercially zoned land in a growing residential area.
      169 Rowland Ave, Heath Springs, SC 29058
      View Details
    • $310,000
      40.00 Acres

      40 Acres Vacant Land

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      80.56 Acres in Heath Springs

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    Heath Springs, SC 29058
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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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