Retail and Tavern Complex with
For Sale
$1,500,000
1530 Highway 17, Little River, SC 29566
Multi-building complex with heated retail space, a bar restaurant, and a 3-bed farm house on 160 feet of Highway 17 frontage.
Property Size6,000 SF
Price / SF$250
Days on Market54
Property Features for 1530 Highway 17
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CB Sea Coast Commercial
(843) 712-2721
Listed By:
John Draughn () · License #8683
Source:
Beachandforestrealty
Added: Jul 9
Changed: Jul 21
Last Checked: Aug 30 at 5:29PM
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 CB Sea Coast Commercial
Investment Insights
Based on property information with market context.
This multi-building complex includes a main building with heated commercial retail space totaling 5,500 square feet, within a total property size of 6,000 square feet. The second building operates as Star Tavern, a local bar and restaurant. A third building on-site is described as a charming 3-bedroom, 2-bath farm house.
The property is located in the heart of the Little River commercial district and features 160 feet of Highway 17 frontage. Public remarks also note excellent visibility and access for the site.
Overall, the asset is configured as a small commercial package combining retail and restaurant space with an additional residential component.
The property is located in the heart of the Little River commercial district and features 160 feet of Highway 17 frontage. Public remarks also note excellent visibility and access for the site.
Overall, the asset is configured as a small commercial package combining retail and restaurant space with an additional residential component.
Key Highlights
- Multi‑building complex totaling 6,000 SF, with 5,500 SF of heated commercial retail space.
- Second building is Star Tavern, a bar restaurant included in the multi‑building property.
- Third building is a 3‑bedroom, 2‑bath farm house.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,982
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,979,640
$2.0M
Cap Rate 7%
$1,414,029
$1.4M
Cap Rate 9%
$1,099,800
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$135.4K $22.56/SF
− Vacancy
−$3.4K −$0.56/SF
EGI
$132.0K $22.00/SF
− OpEx
−$33.0K −$5.50/SF
NOI
$99.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,979,640
Cap Rate 7%
$1,414,029
Cap Rate 9%
$1,099,800
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,982 @ 7.0% cap · market cap 6.60%
Second Best
Retail
$1.25M
$1.09M – $1.46M
NOI $87,469 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,445 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Groceries 25%
Dining 7%
Hotels & Casinos 1%
Food Lion Grocery Store
Groceries
14,036 visits/mo
0.5 miles
Speedway
Shops & Services
10,919 visits/mo
0.1 miles
Circle K
Shops & Services
7,447 visits/mo
0.2 miles
Shell
Shops & Services
5,614 visits/mo
0.5 miles
Dollar General
Shops & Services
5,553 visits/mo
0.0 miles
Demographics for 29566, SC
21,792
Population
13,437
Households
1.6
Avg Household Size
58
Median Age
25%
College-Educated
92%
High-School Grad
32.4 sq mi
ZIP Area
673
Density / Sq Mi
$63,358
Median Household Income
$36,579
Median Earnings
$1,488
Median Rent
$275,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Florist Little River Flowers — little river, sc 29566
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-building complex with heated retail space, a bar restaurant, and a 3-bed farm house on 160 feet of Highway 17 frontage.
Where is this storefront property located?
The property is located at 1530 Highway 17 Little River, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Multi‑building complex totaling 6,000 SF, with 5,500 SF of heated commercial retail space.; Second building is Star Tavern, a bar restaurant included in the multi‑building property.; Third building is a 3‑bedroom, 2‑bath farm house.
