Single-Story Office
For Sale
$800,000
2185 N Fraser St., Georgetown, SC 29440
COMMERCIAL/INDUSTRIAL, Georgetown, SC
Property Size4,760 SF
Lot Size0.99 Acres
Price / SF$168.07
Days on Market20
Property Features for 2185 N Fraser St.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
NC
Security features
Security System
Exterior features
Fire Alarm, Handicap Access, Reception Area, Restrooms - Private, Restrooms - Public, Security System
Accessibility
Accessible Approach with Ramp
Subdivision
46A Georgetown Area--includes city of Georgetown
Standard status
Active
Size
4,760 SF
Lot size
0.99 Acres
Amenities
lobby/reception area
classroom/program rooms
private offices
kitchen/break room
storage closets
mechanical room
public/private restrooms
rear porch
accessibility ramps
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
BH & G Elliott Coastal Living · Better Homes and Gardens Real Estate
(843) 280-5704
Listed By:
The Jackson Team · License #17587
(843) 457-5522
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 31 at 9:06PM
MLS# 2619983
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 vacant, single-story brick office building contains 4,760 square feet and is configured with a lobby and reception area, multiple classroom or program rooms, private offices, a kitchen and break room, storage closets, a mechanical room, and both public and private restrooms. A rear porch, fire alarm, security system, and accessible approach with ramp are also included. The property was most recently used as a daycare facility and is zoned NC for Neighborhood Commercial development.
Located at 2185 N Fraser St. along Hwy 701 in Georgetown, the building sits within a corridor containing commercial and residential development. Walmart and area shopping are less than a mile away, with schools also nearby. The existing room arrangement and building features support consideration of office, medical office, educational, limited retail, or other uses identified under the zoning framework.
Located at 2185 N Fraser St. along Hwy 701 in Georgetown, the building sits within a corridor containing commercial and residential development. Walmart and area shopping are less than a mile away, with schools also nearby. The existing room arrangement and building features support consideration of office, medical office, educational, limited retail, or other uses identified under the zoning framework.
Key Highlights
- 4,760‑square‑foot vacant, single‑story brick commercial building
- NC zoning for Neighborhood Commercial development
- Existing layout includes reception, multiple rooms, private offices, kitchen, storage, and restrooms
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
$66,830
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
8.35%
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%
$1,336,600
$1.3M
Cap Rate 7%
$954,714
$954.7K
Cap Rate 9%
$742,556
$742.6K
Market Conditions
NOI Build-Up for 4,760 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
$114.2K $24.00/SF
− Vacancy
−$25.1K −$5.28/SF
EGI
$89.1K $18.72/SF
− OpEx
−$22.3K −$4.68/SF
NOI
$66.8K $14.04/SF
Area
Georgetown County, SC
Vacancy
22.00%
Lease Rate
$24.00 /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%
$1,336,600
Cap Rate 7%
$954,714
Cap Rate 9%
$742,556
Alternative Uses
Best Use
Office B
$954.7K
$835.4K – $1.11M
NOI $66,830 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office building - Vacant brick building with reception, offices, multiple program rooms, kitchen, storage, and public and private restrooms.
Where is this office building located?
The property is located at 2185 N Fraser St. Georgetown, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,760‑square‑foot vacant, single‑story brick commercial building; NC zoning for Neighborhood Commercial development; Existing layout includes reception, multiple rooms, private offices, kitchen, storage, and restrooms
