End-Unit Office
New
For Sale
$190,000
14323 Ocean Highway #4157 4157, Pawleys Island, SC 29585
A reception area, open workroom, two private offices, and support spaces shape the professional interior.
Property Size1,238 SF
Price / SF$153.47
Days on Market3
Property Features for 14323 Ocean Highway #4157 4157
General Information
Standard status
Active
Size
1,238 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Amenities
mature landscaping
pedestrian bridge
ponds with fountains
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
Real Broker, LLC
(864) 760-7500
Listed By:
Sheila Fleming · License #281915
(704) 995-4204
Source:
Edgarwilson
Added: Oct 11
Last Checked: Oct 12 at 7:28PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 1,238-square-foot office unit is configured with a reception area leading into an open workspace, plus two private offices along a hallway. A separate alcove offers another area that could be enclosed, and the unit also includes a storage room and a restroom with built-in shelving. Updated flooring and neutral finishes complete the interior. The space is currently used as a music studio.
The office is in Litchfield Exchange, a professional office community just off Highway 17 in Pawleys Island. Litchfield by the Sea and the Atlantic Ocean are across the highway, with shopping, restaurants, and other businesses nearby. Mature landscaping, two small ponds with fountains, and a pedestrian bridge are part of the community grounds.
The office is in Litchfield Exchange, a professional office community just off Highway 17 in Pawleys Island. Litchfield by the Sea and the Atlantic Ocean are across the highway, with shopping, restaurants, and other businesses nearby. Mature landscaping, two small ponds with fountains, and a pedestrian bridge are part of the community grounds.
Key Highlights
- 1,238‑square‑foot end‑unit office condo
- Reception area and open‑concept workspace
- Two private offices, plus an alcove that could be enclosed
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
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?
Office units - A reception area, open workroom, two private offices, and support spaces shape the professional interior.
Where is this office units located?
The property is located at 14323 Ocean Highway #4157 4157 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 end‑unit office condo; Reception area and open‑concept workspace; Two private offices, plus an alcove that could be enclosed
