Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    00 Parkersville Rd Pawleys Island, SC 29585

    Sponsored
    Picture of Land at Parkersville Rd 00, Pawleys Island, SC
    For Sale
    Pending
    $696,000

    Acreage - Pawleys Island, SC

    Lot size:
    7.00 Acres
    Days on Market:
    193
    Last Refresh:
    Feb 6 at 3:06 pm

    Property Features for 00 Parkersville Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RE
    Lot size
    7.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cynthia Murray

    The Litchfield Company Real Estate Sales (843) 237-4000

    Listing agent Cynthia Murray (843) 237-4000

    Listing date Jul 29, 2025

    MLS# 1401956 Listing URL

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pawleys Island Residential Development Land

    This residential-zoned land, located in Pawleys Island, SC, presents an investment opportunity for new home development. The property consists of approximately 7 acres in a growing community. The listing information suggests this acreage is suitable for development, given the increasing population and scarcity of land in the area. Buyers are responsible for verifying the square footage and acreage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.117383
    Latitude
    33.454707

    Nearby Similar for Sale

    • $2,400,000
      4,075 SF

      Pawleys Island Retail Opportunity

      Retail building with drive-thru and patio in Pawleys Island.
      11359 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $399,000
      8,058 SF

      Established Restaurant on High-Traffic Corridor

      Turn-key restaurant opportunity in Pawleys Island, South Carolina.
      14361 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      500 SF

      Pawleys Island Industrial Flex Space

      Flex space with office, warehouse, and mezzanine storage.
      1102 - B Martin Luther King Rd, Pawleys Island, SC 29585
      View Details
    • $145,000

      Oceanfront Villa Interval Ownership

      Four-bedroom villa with four weeks of annual oceanfront access.
      701 Norris Dr, Pawleys Island, SC 29585
      View Details
    • $375,000
      1,425 SF

      Furnished Villa Overlooking Golf Course

      Move-in ready villa with golf course views in gated community.
      357 Golden Bear Dr, Pawleys Island, SC 29585
      View Details
    • $162,222
      1,100 SF

      Pawleys Island Condo with Wooded View

      Charming 2-bedroom condo near the beach with community pool.
      157 Egret Run Ln, Pawleys Island, SC 29585
      View Details
    • $295,000
      1,442 SF

      Renovated Townhome with Marsh Views

      Three-bedroom townhome featuring marsh views, updated kitchen, and community pool.
      306 Salt Marsh Cir, Pawleys Island, SC 29585
      View Details
    • $850,000
      2,425 SF

      Pawleys Island Office For Sale

      Office space available in Pawleys Island, South Carolina.
      56 Business Center Dr, Pawleys Island, SC 29585
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for development in booming Pawleys Island community.
    Where is this land located?
    The property is located at 00 Parkersville Rd Pawleys Island, SC.
    What is the asking price?
    The asking price for this property is $696,000.
    What are key features of this property?
    This property features: - Zoned residential, **suitable for new home development**.; - Investment opportunity in a growing community.; - **Large acreage available for development**.
    (843) 240-3223
    Request Owner's contact information
    00 Parkersville Rd Pawleys Island, SC 29585
    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.
    00 Parkersville Rd
    Pawleys Island, SC 29585
    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
    00 Parkersville Rd Pawleys Island, SC 29585
    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

    We can help!
    Listing Contact
    Cynthia Murray
    (843) 240-3223
    Learn more
    Google sign-in failed. Please try again or use another login method.