Commercial Land with
For Sale
$399,900
12132 Highway 905, Longs, SC 29568
The parcel includes an existing convenience store building along Highway 905.
Property Size1,750 SF
Price / SF$228.51
Days on Market120
Property Features for 12132 Highway 905
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Zoning
FA
Building Details
Building Size
1,750 SF
Stories
1
Units
1
Listing Agency:
Gabriel Financial Real Estate
(843) 663-5335
Listed By:
Timothy H. Gabriel · License #10663
(843) 222-5335
Source:
Gabrielfinancial
Added: Jun 27
Changed: Oct 23
Last Checked: Oct 23 at 6:12PM
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 Gabriel Financial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.85-acre commercial parcel in Longs, South Carolina, includes an approximately 1,750-square-foot convenience store building that previously operated as a gas station. The site is zoned FA, and the existing structure offers a physical improvement on the property.
Highway 905 borders the property, with access to Highways 9, 22, and 31. North Myrtle Beach, Little River, and Longs are also identified as nearby communities.
Highway 905 borders the property, with access to Highways 9, 22, and 31. North Myrtle Beach, Little River, and Longs are also identified as nearby communities.
Key Highlights
- 1.85‑acre commercial parcel
- Approximately 1,750‑square‑foot convenience store building
- Former gas station on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,870
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,400
$577.4K
Cap Rate 7%
$412,429
$412.4K
Cap Rate 9%
$320,778
$320.8K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$39.5K $22.56/SF
− Vacancy
−$987 −$0.56/SF
EGI
$38.5K $22.00/SF
− OpEx
−$9.6K −$5.50/SF
NOI
$28.9K $16.50/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,400
Cap Rate 7%
$412,429
Cap Rate 9%
$320,778
Alternative Uses
Best Use
Specialty Retail
$412.4K
$360.9K – $481.2K
NOI $28,870 @ 7.0% cap · market cap 7.22%
Second Best
Retail
$364.5K
$318.9K – $425.2K
NOI $25,512 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 29568, SC
15,287
Population
8,131
Households
1.9
Avg Household Size
52
Median Age
18%
College-Educated
92%
High-School Grad
89.5 sq mi
ZIP Area
171
Density / Sq Mi
$61,048
Median Household Income
$29,181
Median Earnings
$1,241
Median Rent
$234,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel includes an existing convenience store building along Highway 905.
Where is this commercial land located?
The property is located at 12132 Highway 905 Longs, SC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1.85‑acre commercial parcel; Approximately 1,750‑square‑foot convenience store building; Former gas station on site
