Flex Space with Office and
For Sale
$350,000
2019 Highmarket St., Georgetown, SC 29440
COMMERCIAL/INDUSTRIAL, Georgetown, SC
Property Size2,550 SF
Lot Size0.25 Acres
Price / SF$137.25
Days on Market112
Property Features for 2019 Highmarket St.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GC
Subdivision
46A Georgetown Area--includes city of Georgetown
Standard status
Active
Size
2,550 SF
Lot size
0.25 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 #260199
(336) 209-8109
Added: May 20
Changed: Aug 19
Last Checked: Sep 8 at 9:06PM
MLS# 2613552
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.
Located at 2019 Highmarket St. in Georgetown, this flex property combines two separate improvements totaling approximately 2,550+/- SF. The office building contains approximately 1,050+/- SF with three private offices, a reception area, and a conference or break room. A separate warehouse building contributes approximately 1,500+/- SF, creating a practical division between administrative and industrial functions.
The property occupies approximately 0.25+/- acre and carries GC zoning. Its Georgetown setting places the asset near the city’s commercial corridor, while the configuration supports businesses requiring both office accommodation and warehouse space. The improvements can also accommodate an owner-user or an investor evaluating a mixed office-industrial property.
The property occupies approximately 0.25+/- acre and carries GC zoning. Its Georgetown setting places the asset near the city’s commercial corridor, while the configuration supports businesses requiring both office accommodation and warehouse space. The improvements can also accommodate an owner-user or an investor evaluating a mixed office-industrial property.
Key Highlights
- Approximately 2,550+/- SF of total building area
- Separate buildings include approximately 1,050+/- SF of office space and 1,500+/- SF of warehouse space
- Office layout includes three private offices, reception area, and conference/break room
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
$24,390
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
6.97%
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%
$487,800
$487.8K
Cap Rate 7%
$348,429
$348.4K
Cap Rate 9%
$271,000
$271.0K
Market Conditions
NOI Build-Up for 2,550 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
$40.7K $15.96/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$37.5K $14.72/SF
− OpEx
−$13.1K −$5.15/SF
NOI
$24.4K $9.56/SF
Area
Georgetown County, SC
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
35.00%
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%
$487,800
Cap Rate 7%
$348,429
Cap Rate 9%
$271,000
Alternative Uses
Best Use
Office B
$511.5K
$447.5K – $596.7K
NOI $35,802 @ 7.0% cap · market cap 10.23%
Second Best
Flex RnD
$348.4K
$304.9K – $406.5K
NOI $24,390 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smiths Concierge Services llc — 1715 Hampton St, Georgetown, SC 29440
Frequently Asked Questions
What type of property is this?
Flex space - GC-zoned property includes separate office and warehouse improvements on one commercial parcel.
Where is this flex space located?
The property is located at 2019 Highmarket St. Georgetown, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,550+/- SF of total building area; Separate buildings include approximately 1,050+/- SF of office space and 1,500+/- SF of warehouse space; Office layout includes three private offices, reception area, and conference/break room
