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    7588 Ekom Beach Road Ware Shoals, SC 29692

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    7588 Ekom Beach Road Ware Shoals, SC 29692

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    • Residential land & home lots
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    • Residential land & home lots

    Property Details for 7588 Ekom Beach Road

    Property type
    Residential land & home lots

    Description

    This exceptional 7.52-acre property, located at 7588 Ekom Beach Road in Ware Shoals, SC 29692, presents a unique opportunity. Boasting approximately 554 feet of road frontage, this unzoned land offers convenient access and high visibility. The property features a tranquil creek and a cleared homesite, ideal for building a new home or establishing a private retreat. Enjoy the peace of rural living while remaining conveniently close to amenities. The property is approximately 10 minutes from Ware Shoals and 15 minutes from Laurens, offering easy access to local services and schools. Ware Shoals Elementary, Middle, and High Schools are nearby, making this an excellent location for families. City water is available, and natural gas is on the property. For outdoor enthusiasts, Lake Greenwood is approximately 20 minutes away. The Laurens County TMS# is 140-00-00-014. This versatile land presents a compelling investment opportunity for those seeking a blend of natural beauty and convenient accessibility. The unzoned nature of the property allows for a variety of potential uses, making it a truly unique and desirable 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
    Ware Shoals
    County
    State
    South Carolina

    Comparable in this City

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      Residential Lot in Ware Shoals

      Residential lot available in Ware Shoals, South Carolina.
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      Rare Riverfront Development Opportunity

      240 acres with river frontage, ideal for development.
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    • $250,000
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      Unrestricted Land with Four-Bay Shop

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      Untouched 2-Acre Residential Lot

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      240 Acres Hunting Paradise

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    Similar Nearby for Sale

    • $2,888,700
      240.00 Acres

      240 Acres Premier Riverfront Tract

      240-acre tract with river frontage and development potential.
      3393 Poplar Springs Rd, Ware Shoals, SC 29692
      View Details
    • Contact for pricing
      0.76 Acres

      Residential Lot in Ware Shoals

      Residential lot available in Ware Shoals, South Carolina.
      14-16 Audubon Rd, Ware Shoals, SC 29692
      View Details
    • $2,888,700
      240.00 Acres

      Rare Riverfront Development Opportunity

      240 acres with river frontage, ideal for development.
      3393 Poplar Springs Rd, Ware Shoals, SC 29692
      View Details
    • $250,000
      9.44 Acres

      Unrestricted Land with Four-Bay Shop

      9.44 acres with shop near Lake Rabon.
      10795 Highway 252, Ware Shoals, SC 29692
      View Details
    • $42,500
      2.00 Acres

      Untouched 2-Acre Residential Lot

      Two-acre residential lot in a country setting with mature oaks.
      00 Porter Rd, Ware Shoals, SC 29692
      View Details
    • Contact for pricing

      240 Acres Hunting Paradise

      Manicured hunting land with cabin and Reedy River frontage.
      3393 Poplar Springs Rd, Ware Shoals, SC 29692
      View Details
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    Ware Shoals, SC 29692
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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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