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    697 Seawright St Orangeburg, SC 29115
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    Property profile & analytics

    697 Seawright St Orangeburg, SC 29115

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    • Mobile home & RV parks
    Off-Market
    Property ID
    US77-0745446
    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 697 Seawright St

    Property type
    Mobile home & RV parks

    Description

    This exceptional 4-unit mobile home park in Orangeburg, South Carolina, presents a compelling investment opportunity with a 6.84% capitalization rate and a net operating income (NOI) of $4,103. Located at 697 Seawright St, Orangeburg, SC 29115, the property boasts four buildings, each a tenant-owned mobile home. The park benefits from a thriving local economy driven by healthcare, manufacturing, and agriculture, ensuring a stable tenant base. All units are serviced by city utilities, minimizing management responsibilities and operational concerns. A key advantage is the below-market lot rent, attracting tenants and offering significant potential for future revenue growth through rent increases. This low-maintenance investment provides a strong return with minimal management overhead, making it an ideal addition to any portfolio. The property's location in Orangeburg County offers easy access to essential services and amenities. This is a rare opportunity to acquire a well-positioned, cash-flowing mobile home park in a growing South Carolina market.

    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
    Orangeburg
    County
    Orangeburg
    State
    South Carolina
    Longitude
    -80.8434459
    Latitude
    33.5138967

    Comparable in this City

    • New
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      Duplex in Orangeburg, SC

      Two single-family homes on one lot present a value-add opportunity.
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      Orangeburg Quadruplex: Investor Opportunity

      Income-producing quadruplex in Orangeburg, SC with value-add potential.
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    • $199,000
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      New Ranch Home with CG Zoning

      New 3-bedroom ranch with commercial zoning flexibility.
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    • $395,000
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      Orangeburg Industrial Warehouse

      16,800 SF Warehouse - Downtown Location
      780 Nottingham St, Orangeburg, SC 29115
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    • $35,000
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      Residential Land Near Universities

      Homesite near downtown Orangeburg, universities, and Edisto River.
      Robert E Lee St, Orangeburg, SC 29115
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    • $35,000
      0.27 Acres

      Residential Land Near Downtown Orangeburg

      Homesite near downtown Orangeburg, universities, and Edisto River.
      E Lee Rd, Orangeburg, SC 29115
      View Details

    Similar Nearby for Sale

    • $150,000
      3,600 SF

      Orangeburg Quadruplex: Investor Opportunity

      Income-producing quadruplex in Orangeburg, SC with value-add potential.
      1660 Windsor St, Orangeburg, SC 29115
      View Details
    • New
      $65,000
      2,014 SF

      Duplex in Orangeburg, SC

      Two single-family homes on one lot present a value-add opportunity.
      834 Peasley St, Orangeburg, SC 29115
      View Details
    • $199,000
      0.16 Acres

      New Ranch Home with CG Zoning

      New 3-bedroom ranch with commercial zoning flexibility.
      109 NW Haddock Rd, Orangeburg, SC 29115
      View Details
    • $395,000
      16,800 SF

      Orangeburg Industrial Warehouse

      16,800 SF Warehouse - Downtown Location
      780 Nottingham St, Orangeburg, SC 29115
      View Details
    • $35,000
      0.27 Acres

      Residential Land Near Universities

      Homesite near downtown Orangeburg, universities, and Edisto River.
      Robert E Lee St, Orangeburg, SC 29115
      View Details
    • $35,000
      0.27 Acres

      Residential Land Near Downtown Orangeburg

      Homesite near downtown Orangeburg, universities, and Edisto River.
      E Lee Rd, Orangeburg, SC 29115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      213,093 SF

      Orangeburg Warehouse and Distribution Space

      213,093 SF warehouse and distribution space available for lease.
      821 State Ct, Orangeburg, SC 29115
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      50,000 SF

      Orangeburg Warehouse Space Available

      50,000 SF warehouse space available immediately in Orangeburg, South Carolina.
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      10,725 SF

      Retail Space with Drive-Thru

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      1535 John C Calhoun Dr, Orangeburg, SC 29115
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      Commercial Land in Orangeburg, SC

      2.3 acre site for ground lease or build to suit.
      5 Chop Rd & Millenium Dr, Orangeburg, SC 29115
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    • $3,000 /Mo
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      Downtown Orangeburg Warehouse Space

      16,800 SF industrial space; monthly lease.
      780 Nottingham St, Orangeburg, SC 29115
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    • Contact for pricing

      Industrial Build to Suit Opportunity

      Industrial build to suit opportunity with ±167,000 SF available.
      147 Millenium Dr, Orangeburg, SC 29115
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    Orangeburg, SC 29115
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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.

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