Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    135 Ben Horry Trail Pawleys Island, SC 29585

    View on Map
    Claim this Listing
    For Sale
    $240,000

    Multi-Family Lot - Pawleys Island, SC

    Lot size:
    1.98 Acres
    Added:
    Dec 3, 2024
    Days on Market:
    519
    Last Refresh:
    May 6 at 4:06 pm

    Property Features for 135 Ben Horry Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GR
    Standard status
    Active
    Lot size
    1.98 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Deborah Donovan Rice
    Deborah Donovan Rice

    Listing agent Deborah Donovan Rice

    Listing office INNOVATE Real Estate 11405 Ocean Highway, Myrtle Beach, SC

    Listing date Dec 3, 2024

    MLS# 2427620 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.

    HighLights

    • 1.98 acre wooded lot provides ample space and privacy.
    • Zoned General Residential/Multi‑family, offering flexibility.
    • Convenient location close to Pawleys Island shops, restaurants, and businesses.
    • Proximity to the beach allows for a relaxed lifestyle.
    • Excellent opportunity for home builders or those seeking to build a custom home.
    • Located .6 mile to Highway 17 and North Causeway for easy access.

    Overview

    Pawleys Island Multi-Family Lot

    This 1.98-acre wooded lot in Pawleys Island, SC, zoned General Residential/Multi-family, presents an opportunity for a private residence or home building project. The location offers convenient access to local restaurants, shops, and businesses, and is situated approximately 0.6 miles from Highway 17 and North Causeway. The property's proximity to the beach allows for a lifestyle that balances relaxation and convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -79.1266461
    Latitude
    33.4465383

    Nearby Similar for Sale

    • $350,000
      8,058 SF

      Established Restaurant on High-Traffic Corridor

      Turn-key restaurant opportunity in Pawleys Island, South Carolina.
      14361 Ocean Highway, Pawleys Island, SC 29585
      View Details
    • $3,999,900

      Prime Commercial Lot in Pawleys Island

      Highly visible 2.9-acre commercial lot on Pawleys Island's Highway 17.
      10670 Ocean Hwy., Pawleys Island, SC 29585
      View Details
    • $374,900

      Residential Lot in Golf Community

      Residential lot in gated golf community with private beach access.
      602 Chapman Loop, Pawleys Island, SC 29585
      View Details
    • $799,000

      3.16 Acre Homesite in Prince George

      Rare homesite in gated oceanfront community with many amenities.
      2630 Vanderbilt Blvd., Pawleys Island, SC 29585
      View Details
    • $450,000

      Pawleys Island Commercial Lot Opportunity

      1.13-acre commercial lot in the heart of Pawleys Island.
      2364 Petigru Dr., Pawleys Island, SC 29585
      View Details
    • $300,000

      Golf Course Homesite Opportunity

      Premier golf course lot in Pawleys Plantation.
      Lot 17 Golden Bear Dr., Pawleys Island, SC 29585
      View Details
    • $540,000

      Pawleys Island Homesite Opportunity

      1.61-acre homesite near Intracoastal Waterway with no HOA.
      Lot 1-A Brace Dr., Pawleys Island, SC 29585
      View Details
    • $3,700,000

      Pawleys Island Commercial Development Opportunity

      Highway Commercial land near Huntington Beach State Park.
      Ocean Hwy., Pawleys Island, SC 29585
      View Details
    • $1,450,000

      Elegant Duplex in Gated Community

      Luxurious duplex in Litchfield Plantation, near beaches and golf.
      371 Tuckers Rd., Pawleys Island, SC 29585
      View Details
    • $387,000

      Pawleys Island Homesite with Coastal Views

      Prime homesite with marsh, creek, and distant ocean views.
      134 Enclave Pl., Pawleys Island, SC 29585
      View Details
    • $510,000

      Residential Lot in North Litchfield

      Residential lot in a desirable coastal community near beaches.
      352 Lakeshore Dr., Pawleys Island, SC 29585
      View Details
    • $127,500
      643 SF

      Updated Office Condo in Pawleys

      643 SF office condo with tenant, income potential.
      14323 Ocean Hwy., Pawleys Island, SC 29585
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.98 acre multi-family lot near Pawleys Island.
    Where is this residential land & home lot located?
    The property is located at 135 Ben Horry Trail Pawleys Island, SC.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: 1.98 acre wooded lot provides ample space and privacy.; Zoned General Residential/Multi‑family, offering flexibility.; Convenient location close to Pawleys Island shops, restaurants, and businesses.
    (843) 630-1008
    We can help!
    Listing Contact
    Deborah Donovan Rice
    Deborah Donovan Rice
    Learn More
    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.
    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

    Thank You for Inquiry
    135 Ben Horry Trail, Pawleys Island, SC 29585
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!