11378 Ocean Hwy, Pawleys Island, SC 29585
Fully occupied retail building in Pawleys Island's commercial district.
- Added:
- Jan 16, 2026
- Days on Market:
- 164
- Last Refresh:
- Mar 17 at 1:21 pm
Property Features for 11378 Ocean Hwy
General Information
- Standard status
- Active
- Size
- 9,374 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office Tradd Commercial, LLC Myrtle Beach
Listing date Jan 16, 2026
Source Crexi
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 Tradd Commercial, LLC Myrtle Beach
HighLights
- Fully occupied Class A retail building in the heart of Pawleys Island Commercial District.
- Stable cash flow with strong tenant demand.
- High traffic exposure: 34,800 Average Daily Vehicles.
- Directly across from Fresh Market Shopping Center.
- Located on Ocean Highway (US‑17), the primary commercial corridor.
- Built in 2005.
Overview
Local Financial Insights For Retail
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 | $168.7k | $18.00 |
| − Vacancy | −$8.4k | −$0.90 |
| EGI | $160.3k | $17.10 |
| − OpEx | −$48.1k | −$5.13 |
| NOI | $112.2k | $11.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pawleys Island
- County
- Georgetown
- State
- South Carolina
- Longitude
- -79.118933
- Latitude
- 33.448999
