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    Free-Span Metal Flex Building

    313 Commerce Dr. Pawleys Island, SC 29585

    Claim this Listing
    For Sale
    $1,200,000

    SINGLE_FAMILY - Pawleys Island, SC

    Type:Office
    Property size:
    8,812 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $136/SF
    Added:
    Jul 2, 2026
    Days on Market:
    11
    Last Refresh:
    Jul 12 at 12:06 am

    Property Features for 313 Commerce Dr.

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    PD
    Standard status
    Active
    Size
    8,812 SF
    Lot size
    1.20 Acres

    Building Details

    Number of units
    1

    Listing agent Abernethy & Jones Commercial Group License #1033

    Listing office NAI The Litchfield Company Pawleys Island, SC

    Listing date Jul 2, 2026

    MLS# 2616666

    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.

    313 Commerce Drive is an 8,812 SF free-span metal commercial building on 1.2 acres at the corner of Commerce Drive and Petigru Drive. The building is currently divided into four separate suites, giving the flexibility to operate an owner-user portion while retaining the ability to occupy or reconfigure the remaining space as needs change.

    Three of the four suites are currently leased on month-to-month agreements. The tenant mix includes two professional office suites, a pain management medical practice, and a rear flex suite that combines warehouse space with mezzanine storage and office space.

    This property can serve multiple operating requirements, from office and medical uses to warehouse and flex needs, thanks to the free-span metal construction and the existing suite layout. For buyers evaluating a mixed-use scenario, the in-place configuration supports both partial occupancy and continued leasing, with the leased suites offering defined space demarcations for office, medical, and combined flex/warehouse functions.

    Key Highlights

    • 8,812 SF free‑span metal commercial building on 1.20 acres at the corner of Commerce Dr and Petigru Dr in Pawleys Island business district
    • Divided into four separate suites, offering multiple income streams plus room for an owner to occupy part of the property
    • Three of four suites are leased on month‑to‑month agreements for flexibility to occupy one suite while keeping rental income

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $195.6k $22.20
    − Vacancy −$16.6k −$1.89
    EGI $179.0k $20.31
    − OpEx −$71.6k −$8.13
    NOI $107.4k $12.19
    8,812 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 40.00%

    Alternative Uses

    Best Use
    Office B
    $1.77M
    $1.55M – $2.06M (±1% cap)
    NOI $123,720 @ 7.0% cap · market cap 10.31%
    Second Best
    Healthcare Medical
    $1.53M
    $1.34M – $1.79M (±1% cap)
    NOI $107,399 @ 7.0% cap · market cap 8.95%
    Theoretical Best
    Office A
    $2.42M
    $2.11M – $2.82M (±1% cap)
    NOI $169,190 @ 7.0% cap · market cap 14.10%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Auto Repair Shop Auto Parts Store Parking Lot & Garage Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Building Supply HVAC Service (Bike/Boat/Book/etc) Store

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

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    FAQs

    What type of property is this?
    Flex space - Free-span metal building with four suites, including office, medical, and flex/warehouse space on 1.2 acres.
    Where is this flex space located?
    The property is located at 313 Commerce Dr. Pawleys Island, SC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 8,812 SF free‑span metal commercial building on 1.20 acres at the corner of Commerce Dr and Petigru Dr in Pawleys Island business district; Divided into four separate suites, offering multiple income streams plus room for an owner to occupy part of the property; Three of four suites are leased on month‑to‑month agreements for flexibility to occupy one suite while keeping rental income
    Contact an agent
    (843) 979-6754
    We can help!
    Contact an agent
    Abernethy & Jones Commercial Group
    Real Estate License ID: 1033
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