New Mixed-Use
New
For Sale
$1,590,000
134 Professional Ln., Pawleys Island, SC 29585
COMMERCIAL - Pawleys Island, SC
Property Size4,584 SF
Lot Size1.00 Acre
Price / SF$346.86
Days on Market3
Property Features for 134 Professional Ln.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GC
Subdivision
44A Pawleys Island Mainland
Standard status
Active
Size
4,584 SF
Lot size
1.00 Acre
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
NAI The Litchfield Company
(843) 979-6754
Listed By:
Abernethy & Jones Commercial Group · License #1033
(843) 979-6754
Added: Aug 17
Last Checked: Aug 19 at 7:06AM
MLS# 2620314
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly constructed mixed-use building contains 4,584 square feet across four 1,146-square-foot units. Two commercial spaces occupy the ground floor and are offered in vanilla-box condition, allowing interior buildout for professional, retail, service, or other commercial uses. The upper level includes two residential units, each with 3 bedrooms and 2 bathrooms. The property is nearing completion on a 1-acre parcel and carries GC, or General Commercial, zoning.
Short-term rentals are permitted, adding flexibility for residential occupancy, rental use, employee housing, or a live/work arrangement. The property is in Pawleys Island and is surrounded by established professional offices. Bistro 217, Rustic Table, and The Pawleys Island Tavern are within walking distance, while the beach and other area amenities are accessible by golf cart.
Short-term rentals are permitted, adding flexibility for residential occupancy, rental use, employee housing, or a live/work arrangement. The property is in Pawleys Island and is surrounded by established professional offices. Bistro 217, Rustic Table, and The Pawleys Island Tavern are within walking distance, while the beach and other area amenities are accessible by golf cart.
Key Highlights
- 4,584‑square‑foot mixed‑use building on a 1‑acre parcel
- Four 1,146‑square‑foot units: two commercial and two residential
- Two ground‑floor commercial spaces delivered in vanilla‑box condition
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
$64,359
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
4.05%
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%
$1,287,180
$1.3M
Cap Rate 7%
$919,414
$919.4K
Cap Rate 9%
$715,100
$715.1K
Market Conditions
NOI Build-Up for 4,584 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
$110.0K $24.00/SF
− Vacancy
−$24.2K −$5.28/SF
EGI
$85.8K $18.72/SF
− OpEx
−$21.5K −$4.68/SF
NOI
$64.4K $14.04/SF
Area
Georgetown County, SC
Vacancy
22.00%
Lease Rate
$24.00 /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%
$1,287,180
Cap Rate 7%
$919,414
Cap Rate 9%
$715,100
Alternative Uses
Best Use
Office B
$919.4K
$804.5K – $1.07M
NOI $64,359 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$783.9K
$685.9K – $914.5K
NOI $54,870 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,013 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit asset combines commercial suites with upper-level residences under GC zoning in Pawleys Island.
Where is this mixed-use property located?
The property is located at 134 Professional Ln. Pawleys Island, SC.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 4,584‑square‑foot mixed‑use building on a 1‑acre parcel; Four 1,146‑square‑foot units: two commercial and two residential; Two ground‑floor commercial spaces delivered in vanilla‑box condition
