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    306 Timms Mill Rd Williamston, SC 29697
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    306 Timms Mill Rd , Williamston, SC 29697

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    Property Details for 306 Timms Mill Rd

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    This exceptional 5.89-acre property in Williamston, SC, offers a unique blend of rural tranquility and convenient access to major cities. Situated in the desirable Anderson County School District 1, this land boasts a picturesque setting with established pasture, a mature hardwood grove, and a spring-fed creek at the rear. A well and septic system are already in place. The property includes a barn, perfect for livestock or equipment storage, and mature pecan trees add to its charm. The land is ideal for a spacious home, taking advantage of the beautiful home site beside the pecan trees. Simple restrictions are in place, including minimum home size requirements, limitations on commercial use, and a 20-year hold on further subdivision. Detailed restrictions are available in the associated documents. This property is surrounded by large lots and cattle land, ensuring a peaceful and private environment. Its central location provides easy access to Greenville, Anderson, Easley, and Pendleton. Additional land may be available. This is a rare opportunity to own a substantial piece of land in a highly sought-after area.

    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

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    • Local Demand
    City
    Williamston
    County
    State
    South Carolina

    Comparable in this City

    • Contact for pricing

      Unrestricted Acreage with Expansion Potential

      Acreage with public water, natural spring, and expansion opportunity.
      00 Mahaffey Rd, Williamston, SC 29697
      View Details
    • $99,000
      1.25 Acres

      Unrestricted Land in Williamston, SC

      Acreage with potential for expansion in a country setting.
      Mahaffey Rd, Williamston, SC 29697
      View Details
    • $99,000
      Pending

      Unrestricted Land in Williamston, SC

      Acreage with potential for expansion in a country setting.
      Mahaffey Rd, Williamston, SC 29697
      View Details
    • Contact for pricing
      0.34 Acres

      Land in Williamston, SC

      Residential land available outside of Williamston, South Carolina.
      105 Wade Rd, Williamston, SC 29697
      View Details
    • $320,000
      12.80 Acres

      Residential Land in Williamston, SC

      Approximately 12.8 acres suitable for residential development.
      334 Belton Dr, Williamston, SC 29697
      View Details
    • $49,900
      Pending

      Residential Lot in Williamston, SC

      Level lot ready for your dream home near Mineral Springs Park.
      Walton Dr, Williamston, SC 29697
      View Details

    Similar Nearby for Sale

    • $99,000
      1.25 Acres

      Unrestricted Land in Williamston, SC

      Acreage with potential for expansion in a country setting.
      Mahaffey Rd, Williamston, SC 29697
      View Details
    • $99,000
      Pending

      Unrestricted Land in Williamston, SC

      Acreage with potential for expansion in a country setting.
      Mahaffey Rd, Williamston, SC 29697
      View Details
    • Contact for pricing
      0.34 Acres

      Land in Williamston, SC

      Residential land available outside of Williamston, South Carolina.
      105 Wade Rd, Williamston, SC 29697
      View Details
    • Contact for pricing

      Unrestricted Acreage with Expansion Potential

      Acreage with public water, natural spring, and expansion opportunity.
      00 Mahaffey Rd, Williamston, SC 29697
      View Details
    • $49,900
      Pending

      Residential Lot in Williamston, SC

      Level lot ready for your dream home near Mineral Springs Park.
      Walton Dr, Williamston, SC 29697
      View Details
    • $320,000
      12.80 Acres

      Residential Land in Williamston, SC

      Approximately 12.8 acres suitable for residential development.
      334 Belton Dr, Williamston, SC 29697
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Williamston Warehouse Space Available

      60000 sqft warehouse/industrial space for lease in Williamston, SC.
      733 Hampton Rd, Williamston, SC 29697
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    • Contact for pricing
      25,000 SF

      Industrial Space Near I-85

      25,000 SF industrial space with I-85 frontage.
      9 Red Fox Blvd, Williamston, SC 29697
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    • Contact for pricing

      New Warehouse Space Available

      New warehouse space for lease, convenient I-85 access.
      730 Hampton Rd, Williamston, SC 29697
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    • Contact for pricing

      Upcoming Warehouse Space Near I-85

      New warehouse space for rent, convenient I-85 access.
      730 Hampton Rd, Williamston, SC 29697
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Space Near I-85

      25,000 SF industrial space with I-85 frontage in Williamston, SC.
      20 Red Fox Blvd, Williamston, SC 29697
      View Details
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    306 Timms Mill Rd
    Williamston, SC 29697
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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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