Listing Agency: The Dieter Company

Listed By: Jay Nelson Show Phone

Source: Thenelsonteamsc

Added: Sep 20 Changed: Nov 2 Last Checked: Nov 2 at 2:31AM

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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 The Dieter Company

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Investment Insights

Based on property information with market context.

This 1,176-square-foot retail property has undergone renovation and includes an office area with a full bathroom, double-sink vanity, and shower. The site is fully gated and sits within the City of Loris. The existing layout may suit office, retail, professional service, or automotive business use, subject to applicable zoning and approvals.

The property has approximately 80 feet of frontage on Highway 9 Business E, near the Highway 66 intersection and Loris Elementary School. Downtown Loris is a short drive away. The location and existing office improvements offer several possible commercial configurations without requiring a change to the current building footprint.

Key Highlights

• 1,176‑square‑foot retail property with renovated improvements
• Approximately 80 feet of frontage on Highway 9 Business E
• Fully gated site within the City of Loris

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,144

Cap Rate

5.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,880 $342.9K

Cap Rate 7%

$244,914 $244.9K

Cap Rate 9%

$190,489 $190.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,176 SF

Gross rent

$25.1K $21.36/SF

− Vacancy

−$628 −$0.53/SF

EGI

$24.5K $20.83/SF

− OpEx

−$7.3K −$6.25/SF

NOI

$17.1K $14.58/SF

Area

Horry County, SC

Vacancy

2.50%

Lease Rate

$21.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,880

Cap Rate 7%

$244,914

Cap Rate 9%

$190,489

Alternative Uses

Best Use

Retail

$244.9K

$214.3K – $285.7K (±1% cap)

NOI $17,144 @ 7.0% cap · market cap 5.06%

Second Best

Industrial

$215.6K

$188.6K – $251.5K (±1% cap)

NOI $15,091 @ 7.0% cap · market cap 4.45%

Theoretical Best

Office A

$298.0K

$260.8K – $347.7K (±1% cap)

NOI $20,863 @ 7.0% cap · market cap 6.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Electrical Service Hair Salon (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 29569, SC

17,048

Population

7,504

Households

2.3

Avg Household Size

45

Median Age

10%

College-Educated

82%

High-School Grad

170.3 sq mi

ZIP Area

100

Density / Sq Mi

$50,659

Median Household Income

$34,719

Median Earnings

$776

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - A gated property in Loris offers Highway 9 frontage and an office with a full bathroom.

Where is this retail space located?

The property is located at 1046 Highway 9 Business E Loris, SC.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: 1,176‑square‑foot retail property with renovated improvements; Approximately 80 feet of frontage on Highway 9 Business E; Fully gated site within the City of Loris