Office Condo with
For Sale
$125,000
14323 Ocean Highway #Unit 4141, Pawleys Island, SC 29585
Commercial zoning and an in-place tenant provide a defined occupancy profile for this office property.
Property Size680 SF
Price / SF$183.82
Days on Market34
Property Features for 14323 Ocean Highway #Unit 4141
General Information
Standard status
Active
Size
680 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
680 SF
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Group Realty
Listed By:
David Nelson
(864) 686-6786
Source:
Gabrielfinancial
Added: Sep 29
Changed: Oct 29
Last Checked: Oct 29 at 11:01PM
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 Group Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 680-square-foot office condo is zoned Commercial and currently has a tenant who is interested in staying. Its existing occupancy may suit an owner seeking space with a tenant in place or a future office location.
The property is at 14323 Ocean Highway in Pawleys Island, South Carolina. Local shops and dining are described as nearby, with Pawleys Island beaches also close to the property.
The property is at 14323 Ocean Highway in Pawleys Island, South Carolina. Local shops and dining are described as nearby, with Pawleys Island beaches also close to the property.
Key Highlights
- 680‑square‑foot office condo
- Commercial zoning
- Current tenant is interested in remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,547
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,940
$190.9K
Cap Rate 7%
$136,386
$136.4K
Cap Rate 9%
$106,078
$106.1K
Market Conditions
NOI Build-Up for 680 SF
Gross rent
$16.3K $24.00/SF
− Vacancy
−$3.6K −$5.28/SF
EGI
$12.7K $18.72/SF
− OpEx
−$3.2K −$4.68/SF
NOI
$9.5K $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%
$190,940
Cap Rate 7%
$136,386
Cap Rate 9%
$106,078
Alternative Uses
Best Use
Office B
$136.4K
$119.3K – $159.1K
NOI $9,547 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.5K
$163.2K – $217.6K
NOI $13,056 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial zoning and an in-place tenant provide a defined occupancy profile for this office property.
Where is this office unit located?
The property is located at 14323 Ocean Highway #Unit 4141 Pawleys Island, SC.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 680‑square‑foot office condo; Commercial zoning; Current tenant is interested in remaining
