Restaurant Building with
For Sale
$625,000
1740 Highmarket St., Georgetown, SC 29440
COMMERCIAL/INDUSTRIAL, Georgetown, SC
Property Size3,432 SF
Lot Size0.75 Acres
Price / SF$182.11
Days on Market271
Property Features for 1740 Highmarket St.
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GC
Subdivision
46A Georgetown Area--includes city of Georgetown
Standard status
Active
Size
3,432 SF
Lot size
0.75 Acres
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
Keystone Realty MB, LLC
(843) 626-3400
Listed By:
JD Yearwood · License ##75336
(336) 209-8109
Added: Dec 30, 2025
Changed: Aug 19
Last Checked: Sep 27 at 8:06AM
MLS# 2600244
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.
Investment Insights
Based on property information with market context.
This 3,432-square-foot former restaurant property is located on Highmarket Street in Georgetown. The sale includes furniture, fixtures, restaurant equipment, and seating, providing a substantial collection of existing contents within the building. The property carries GC zoning and is positioned along Highmarket, identified as 521/17A.
Traffic exposure includes 17,000 AADT along Highmarket and an additional 6,100 AADT on N. Merriman. The site is at 1740 Highmarket St. in Georgetown, South Carolina, within Georgetown County.
Traffic exposure includes 17,000 AADT along Highmarket and an additional 6,100 AADT on N. Merriman. The site is at 1740 Highmarket St. in Georgetown, South Carolina, within Georgetown County.
Key Highlights
- 3,432‑square‑foot former restaurant property
- Furniture, fixtures, restaurant equipment, and seating included
- GC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,142
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,840
$822.8K
Cap Rate 7%
$587,743
$587.7K
Cap Rate 9%
$457,133
$457.1K
Market Conditions
NOI Build-Up for 3,432 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.5K $17.04/SF
− Vacancy
−$3.6K −$1.06/SF
EGI
$54.9K $15.98/SF
− OpEx
−$13.7K −$4.00/SF
NOI
$41.1K $11.99/SF
Area
Georgetown County, SC
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,840
Cap Rate 7%
$587,743
Cap Rate 9%
$457,133
Alternative Uses
Best Use
Specialty Retail
$587.7K
$514.3K – $685.7K
NOI $41,142 @ 7.0% cap · market cap 6.58%
Second Best
Retail
$586.9K
$513.5K – $684.7K
NOI $41,081 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$941.3K
$823.7K – $1.10M
NOI $65,894 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 28%
Groceries 13%
Home Improvements & Furnishings 7%
KFC
Dining
13,590 visits/mo
0.5 miles
Hardee's
Dining
12,418 visits/mo
0.5 miles
Piggly Wiggly
Groceries
9,871 visits/mo
0.1 miles
Burger King
Dining
9,599 visits/mo
0.4 miles
Sunoco
Shops & Services
5,826 visits/mo
0.0 miles
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant property with furniture, fixtures, equipment, and seating included in the sale.
Where is this conventional restaurant located?
The property is located at 1740 Highmarket St. Georgetown, SC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,432‑square‑foot former restaurant property; Furniture, fixtures, restaurant equipment, and seating included; GC zoning
