End-Unit Office
New
For Sale
$190,000
14323 Ocean Highway, Pawleys Island, SC 29585
COMMERCIAL/INDUSTRIAL, Pawleys Island, SC
Property Size1,238 SF
Price / SF$153.47
Days on Market2
Property Features for 14323 Ocean Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PUD
Exterior features
Office(s), Reception Area, Restrooms - Public
Subdivision
42A Pawleys Island Area-Litchfield Mainland
Standard status
Active
Size
1,238 SF
Amenities
wooden pedestrian bridge
ponds with fountains
mature landscaping
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
Real Broker, LLC
(864) 760-7500
Listed By:
Sheila Fleming · License #281915
(704) 995-4204
Added: Oct 9
Last Checked: Oct 10 at 10:06AM
MLS# 2624906
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 1,238-square-foot office condo is configured with a reception area leading into an open workspace. Two enclosed offices, an alcove, a separate storage room, and a restroom with built-in shelving complete the interior. Updated flooring and neutral finishes are also present. The space is currently used as a music studio, and the property is zoned PUD.
The office is at 14323 Ocean Highway in Pawleys Island, just off Highway 17. The surrounding office community features mature landscaping, two ponds with fountains, and a wooden pedestrian bridge. Shopping, dining, and other businesses are nearby, and Litchfield by the Sea is across Highway 17.
The office is at 14323 Ocean Highway in Pawleys Island, just off Highway 17. The surrounding office community features mature landscaping, two ponds with fountains, and a wooden pedestrian bridge. Shopping, dining, and other businesses are nearby, and Litchfield by the Sea is across Highway 17.
Key Highlights
- 1,238‑square‑foot office condo
- End‑unit configuration
- Reception area and open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,382
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,640
$347.6K
Cap Rate 7%
$248,314
$248.3K
Cap Rate 9%
$193,133
$193.1K
Market Conditions
NOI Build-Up for 1,238 SF
Gross rent
$29.7K $24.00/SF
− Vacancy
−$6.5K −$5.28/SF
EGI
$23.2K $18.72/SF
− OpEx
−$5.8K −$4.68/SF
NOI
$17.4K $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 Rate 5%
$347,640
Cap Rate 7%
$248,314
Cap Rate 9%
$193,133
Alternative Uses
Best Use
Office B
$248.3K
$217.3K – $289.7K
NOI $17,382 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.6K
$297.1K – $396.2K
NOI $23,770 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
355
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A flexible interior combines a reception area, open workspace, private offices, storage, and a restroom.
Where is this office units located?
The property is located at 14323 Ocean Highway Pawleys Island, SC.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,238‑square‑foot office condo; End‑unit configuration; Reception area and open workspace
