Professional Office
For Sale
Contact for pricing
1003 Prince St., Georgetown, SC 29440
Reception space and two private rooms provide a practical configuration for professional services.
Property Size1,189 SF
Price / SF$1.83
Days on Market60
Property Features for 1003 Prince St.
General Information
Standard status
Active
Size
1,189 SF
Listing Agency:
Murrells Inlet Real Estate Pro
(843) 357-8500
Listed By:
Tim Salomone
(843) 957-1032
Source:
Edgarwilson
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 19 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Murrells Inlet Real Estate Pro
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Investment Insights
Based on property information with market context.
This 1,189-square-foot office unit includes a reception area along with two private offices or consultation rooms. The configuration is suited to a professional-services setting and provides a defined entry area plus enclosed work or meeting spaces.
The property is at 1003 Prince St. in downtown Georgetown, one block from Front St., with ample street parking nearby. The building contains four units, three of which are rented, providing an established multi-unit occupancy profile.
The property is at 1003 Prince St. in downtown Georgetown, one block from Front St., with ample street parking nearby. The building contains four units, three of which are rented, providing an established multi-unit occupancy profile.
Key Highlights
- 1,189‑square‑foot office unit with reception area and two private offices or consultation rooms
- Located at 1003 Prince St. in downtown Georgetown
- One block from Front St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,694
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,880
$333.9K
Cap Rate 7%
$238,486
$238.5K
Cap Rate 9%
$185,489
$185.5K
Market Conditions
NOI Build-Up for 1,189 SF
Gross rent
$28.5K $24.00/SF
− Vacancy
−$6.3K −$5.28/SF
EGI
$22.3K $18.72/SF
− OpEx
−$5.6K −$4.68/SF
NOI
$16.7K $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 Rate 5%
$333,880
Cap Rate 7%
$238,486
Cap Rate 9%
$185,489
Alternative Uses
Best Use
Office B
$238.5K
$208.7K – $278.2K
NOI $16,694 @ 7.0% cap · market cap 765.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.1K
$285.4K – $380.5K
NOI $22,829 @ 7.0% cap · market cap 1,047.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
836
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space and two private rooms provide a practical configuration for professional services.
Where is this office unit located?
The property is located at 1003 Prince St. Georgetown, SC.
What are key features of this property?
This property features: 1,189‑square‑foot office unit with reception area and two private offices or consultation rooms; Located at 1003 Prince St. in downtown Georgetown; One block from Front St.
