End-Unit Office
New
For Sale
$190,000
14323 Ocean Highway #4157, Pawleys Island, SC 29585
A reception area, open workroom, two private offices, storage, and a flexible alcove support a range of office configurations.
Property Size1,238 SF
Price / SF$153.47
Days on Market5
Property Features for 14323 Ocean Highway #4157
General Information
Standard status
Active
Size
1,238 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
mature landscaping
pedestrian bridge
ponds with fountains
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
Real Broker, LLC
Listed By:
Sheila Fleming · License #15421
(803) 325-8774
Source:
Costacoastalproperties
Added: Oct 11
Last Checked: Oct 14 at 8:07PM
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
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Investment Insights
Based on property information with market context.
This 1,238-square-foot office condo includes a reception area leading to an open work area, plus two enclosed offices. A separate storage room, restroom with built-in shelving, and alcove that can be enclosed add functional options. Updated flooring and neutral finishes complete the interior. The unit is currently used as a music studio.
Located at 14323 Ocean Highway in Pawleys Island, the property sits just off Highway 17, across the highway from Litchfield by the Sea and the Atlantic Ocean. Shopping, dining, and businesses are nearby. The office community includes landscaped grounds, two ponds with fountains, and a pedestrian bridge. The building dates to 1987.
Located at 14323 Ocean Highway in Pawleys Island, the property sits just off Highway 17, across the highway from Litchfield by the Sea and the Atlantic Ocean. Shopping, dining, and businesses are nearby. The office community includes landscaped grounds, two ponds with fountains, and a pedestrian bridge. The building dates to 1987.
Key Highlights
- 1,238‑square‑foot office condo
- End‑unit position in a professional office community
- Reception area and open work area, plus two enclosed offices
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
Single-tenant
Tenancy
Yes
Highway 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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - A reception area, open workroom, two private offices, storage, and a flexible alcove support a range of office configurations.
Where is this office units located?
The property is located at 14323 Ocean Highway #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 office condo; End‑unit position in a professional office community; Reception area and open work area, plus two enclosed offices
