Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    62 Portee Ln Walterboro, SC 29488

    Property Lookup

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

    62 Portee Ln Walterboro, SC 29488

    View on Map
    • Self storage facilities
    • 317,988 SF
    • 7.30 lot acres
    Off-Market
    Property ID
    US77-1284387
    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

    • Self storage facilities

    Property Details for 62 Portee Ln

    Lot size
    7.30 lot acres
    Property size
    317,988 SF
    Property type
    Self storage facilities
    Property subtype
    Manufacturing properties
    APN
    130-00-00-019.000

    Description

    This exceptional 7.3-acre property in Walterboro, South Carolina, presents a unique mixed-use development opportunity. Zoned Urban Development-1 (UD-1), it offers significant potential for a variety of commercial ventures. The expansive 317,988 square foot lot is located on a major road, providing excellent visibility and accessibility. Its strategic location near Interstate 95 and shopping centers ensures high traffic and convenient access for businesses and customers. The property is currently vacant and being sold "as-is, where-is." A partial house on the property is considered a tear-down and holds no value in the sale. The asking price is $485,000, translating to $1.53 per square foot. Detailed permitted uses under the UD-1 zoning are available upon request. This prime location within a designated growth area makes it an ideal investment for developers seeking a versatile and strategically positioned site. The property's APN is 130-00-00-019.000, and ownership is held as joint tenant. This represents a rare chance to acquire a substantial parcel of land with immense potential for future development and significant return on investment. The property is situated at 62 Portee Ln, Walterboro, SC 29488.

    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
    Walterboro
    County
    Colleton
    State
    South Carolina
    Longitude
    -80.72992383
    Latitude
    32.93888085

    Comparable in this City

    • Contact for pricing
      305,223 SF

      Former Manufacturing Facility For Sale

      305,223 SF manufacturing/warehouse space near Charleston and Savannah Ports.
      1497 Industrial Rd, Walterboro, SC 29488
      View Details
    • Contact for pricing
      5,250 SF

      Versatile Commercial Building with Income Potential

      Commercial building on 4 lots with income-producing billboard.
      1789 Hampton St, Walterboro, SC 29488
      View Details
    • $625,000
      4,220 SF

      Versatile Acreage with Workshop Buildings

      27.94 acres with multiple buildings suitable for various uses.
      558 Ruffin Rd, Walterboro, SC 29488
      View Details
    • Contact for pricing
      6,000 SF

      Walterboro Commercial Building For Sale

      6,000 SF commercial building on 1 acre near I-95.
      1177 Sniders Hwy, Walterboro, SC 29488
      View Details
    • $109,000
      5.40 Acres

      Walterboro Land Ideal for Farming

      5.4 acre parcel perfect for private retreat or farm.
      F Bells Hwy, Walterboro, SC 29488
      View Details
    • Contact for pricing

      Interior Parcel Near Development Properties

      Interior parcel near town, schools, shopping, and I-95.
      0-A Sniders Hwy, Walterboro, SC 29488
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      305,223 SF

      Former Manufacturing Facility For Sale

      305,223 SF manufacturing/warehouse space near Charleston and Savannah Ports.
      1497 Industrial Rd, Walterboro, SC 29488
      View Details
    • Contact for pricing
      5,250 SF

      Versatile Commercial Building with Income Potential

      Commercial building on 4 lots with income-producing billboard.
      1789 Hampton St, Walterboro, SC 29488
      View Details
    • $625,000
      4,220 SF

      Versatile Acreage with Workshop Buildings

      27.94 acres with multiple buildings suitable for various uses.
      558 Ruffin Rd, Walterboro, SC 29488
      View Details
    • Contact for pricing
      6,000 SF

      Walterboro Commercial Building For Sale

      6,000 SF commercial building on 1 acre near I-95.
      1177 Sniders Hwy, Walterboro, SC 29488
      View Details
    • $109,000
      5.40 Acres

      Walterboro Land Ideal for Farming

      5.4 acre parcel perfect for private retreat or farm.
      F Bells Hwy, Walterboro, SC 29488
      View Details
    • Contact for pricing

      Interior Parcel Near Development Properties

      Interior parcel near town, schools, shopping, and I-95.
      0-A Sniders Hwy, Walterboro, SC 29488
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent near I-95 and Walmart.
      Bells Hwy, Walterboro, SC 29488
      View Details
    • $3,000 /Mo

      Retail Space in Walterboro Plaza

      Retail space and outparcel for lease in Walterboro, SC.
      225 Robertson Blvd, Walterboro, SC 29488
      View Details
    • Contact for pricing

      Commercial Land Near I-95

      Commercial land for rent near I-95 and Walmart.
      Bells Hwy, Walterboro, SC 29488
      View Details
    • Contact for pricing

      Walterboro Plaza Retail Opportunity

      Retail space and outparcel for lease in Walterboro Plaza.
      221 Robertson Blvd, Walterboro, SC 29488
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Approximately 4 acres of commercial land available for ground lease.
      101 Mount Carmel Rd, Walterboro, SC 29488
      View Details
    • Contact for pricing

      Walterboro Commercial Property For Rent

      Commercial property available for rent in Walterboro, South Carolina.
      1536 Bells Hwy, Walterboro, SC 29488
      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.
    62 Portee Ln
    Walterboro, SC 29488
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!