Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Conway Land with Highway Commercial Zoning Title is generated by Realmo AI

    Highway 378, Conway, SC 29527

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $2,450,000

    LAND - Conway, SC

    Lot size:
    27.33 Acres
    Added:
    Jun 1, 2025
    Days on Market:
    360
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for Highway 378

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    HC & R-2
    Standard status
    Active Under Contract
    Lot size
    27.33 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Jeff Forman
    Jeff Forman

    Listing agent Jeff Forman License #111037

    Listing office Keller Williams The Forturro Group Myrtle Beach, SC

    Listing date Jun 1, 2025

    MLS# 2513574 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

    • Large 27.33‑acre tract within Conway city limits
    • Zoned Highway Commercial and R‑2 (multifamily high density)
    • Prime location: close to schools, Conway beltway, and medical facilities
    • Water & Sewer available at the road and rear of the property
    • Almost 1000' of road frontage
    • Ride 3 Project will improve accessibility

    Overview

    This 27.33-acre tract is located within Conway city limits. The property is zoned Highway Commercial in the front portion and R-2 in the rear, which allows for multifamily high-density construction. The partially cleared lot is in close proximity to Conway's schools and medical facilities, with easy access to the Conway beltway. Water and sewer utilities run along the road and also in the rear of the property. The location offers exponential possibilities. The Ride 3 Project will connect a major component of Conway with a corridor, making the area even more accessible. The property features almost 1000 feet of road frontage and 11 acres of high and dry land. Survey and additional information are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.085558
    Latitude
    33.8426644

    Nearby Similar for Sale

    • $2,500,000
      6,215 SF

      Conway Convenience Store with Expansion Potential

      Established convenience store on 1.25 acres with growth opportunities.
      965 Bucksport Rd., Conway, SC 29527
      View Details
    • $3,000,000

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 W Highway 501, Conway, SC 29526
      View Details
    • $600,000
      1,800 SF

      Conway Land with Metal Building

      4 acres with metal building, Highway 90, Conway, SC.
      5043 Old Highway 90, Conway, SC 29526
      View Details
    • $199,900
      2,000 SF

      Conway Commercial Space For Sale

      Commercial building in Conway, SC, suitable for restaurant or retail.
      1806 Racepath Ave., Conway, SC 29527
      View Details
    • $65,000

      Spacious Lot in Conway, SC

      1.8 acre lot suitable for building a new home.
      Beth Drive, Conway, SC 29527
      View Details
    • $359,900
      1,400 SF

      Ready-to-Build Private Conway Acreage

      6.18-acre property with cleared land, steel building, and utilities.
      2230 Pee Dee Hwy., Conway, SC 29527
      View Details
    • $149,900

      Pond-Front Lot in Wild Wing

      Build-ready 0.23-acre lot in amenity-rich Wild Wing Plantation.
      1867 Wood Stork Dr., Conway, SC 29526
      View Details
    • $625,000

      Highway 90 Development Opportunity

      Prime commercial land for development with high visibility and accessibility.
      6426 Highway 90, Conway, SC 29526
      View Details
    • $749,000
      1,398 SF

      Prime Commercial Land on Highway

      3.57 acres ideal for commercial development with highway frontage.
      2964 HIGHWAY 501 W , Conway, SC 29526-4409
      View Details
    • $100,000

      Wooded Lot Near Downtown Conway

      Spacious homesite with mature trees, close to amenities.
      TBD LOT 2 Old Reaves Ferry Rd., Conway, SC 29526
      View Details
    • $2,500,000

      Prime Conway Development Opportunity

      1.36 acres near Coastal Carolina University, Conway, South Carolina.
      631 Highway 544, Conway, SC 29526
      View Details
    • $864,000

      Commercial Land in Conway, SC

      Mostly cleared commercial land with established utilities.
      Highway 544, Conway, SC 29526
      View Details

    FAQs

    What type of property is this?
    Commercial land - 27.33 acres in Conway, SC with Highway Commercial and R-2 zoning.
    Where is this commercial land located?
    The property is located at Highway 378 Conway, SC.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Large 27.33‑acre tract within Conway city limits; Zoned Highway Commercial and R‑2 (multifamily high density); Prime location: close to schools, Conway beltway, and medical facilities
    (843) 902-4325
    We can help!
    Listing Contact
    Jeff Forman
    Jeff Forman
    Real Estate License ID: 111037
    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
    Highway 378, Conway, SC 29527
    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!