Full-Service Restaurant
13088 Ocean Hwy, Pawleys Island, SC 29585
For Sale
$399,000
The property carries a GC zoning designation and is identified as a full-service restaurant.
Property Size1,813 SF
Days on Market47
Property Features for 13088 Ocean Hwy
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Listing Agency:
Coldwell Banker Commercial | Atlantic
Listed By:
Bryan Fogle · License #41218
(843) 670-2912
Source:
Cbcworldwide
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 6 at 5:09AM
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 Coldwell Banker Commercial | Atlantic
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Investment Insights
Based on property information with market context.
This full-service restaurant property is identified within the conventional restaurant category and carries a GC zoning designation.
The property is located at 13088 Ocean Hwy in Pawleys Island, South Carolina 29585. The available information identifies the asset for sale and describes it as a full-service restaurant.
The property is located at 13088 Ocean Hwy in Pawleys Island, South Carolina 29585. The available information identifies the asset for sale and describes it as a full-service restaurant.
Key Highlights
- Full‑service restaurant property
- GC zoning designation
- 13088 Ocean Hwy, Pawleys Island, SC 29585
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,734
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,680
$434.7K
Cap Rate 7%
$310,486
$310.5K
Cap Rate 9%
$241,489
$241.5K
Market Conditions
NOI Build-Up for 1,813 SF
Gross rent
$30.9K $17.04/SF
− Vacancy
−$1.9K −$1.06/SF
EGI
$29.0K $15.98/SF
− OpEx
−$7.2K −$4.00/SF
NOI
$21.7K $11.99/SF
Area
Georgetown County, SC
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,680
Cap Rate 7%
$310,486
Cap Rate 9%
$241,489
Alternative Uses
Best Use
Specialty Retail
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.3K
$435.1K – $580.2K
NOI $34,810 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29585, SC
16,574
Population
12,061
Households
1.4
Avg Household Size
60
Median Age
50%
College-Educated
96%
High-School Grad
61.8 sq mi
ZIP Area
268
Density / Sq Mi
$83,077
Median Household Income
$42,237
Median Earnings
$1,599
Median Rent
$423,700
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?
Conventional restaurant - The property carries a GC zoning designation and is identified as a full-service restaurant.
Where is this conventional restaurant located?
The property is located at 13088 Ocean Hwy Pawleys Island, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Full‑service restaurant property; GC zoning designation; 13088 Ocean Hwy, Pawleys Island, SC 29585
