Flex Space with Five Dock
For Sale
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149 Piper Ln., Georgetown, SC 29440
Two office-warehouse buildings combine dedicated workspace with insulated warehouse areas and gated, fenced grounds.
Property Size20,904 SF
Lot Size5.00 Acres
Price / SF$1.00
Days on Market218
Property Features for 149 Piper Ln.
General Information
Standard status
Active
Size
20,904 SF
Lot size
5.00 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Dock-High Doors
5
Conditioned Warehouse
Yes
Additional Details
Property Use
Office Warehouse
Amenities
conference room
private offices
kitchen
kitchenette
covered walkway
generator
landscaping
Building Details
Year Built
2002
Buildings
2
Listing Agency:
The Dieter Company
Listed By:
Jay Nelson
(843) 817-8508
Source:
Thenelsonteamsc
Added: Mar 30
Changed: Nov 1
Last Checked: Nov 1 at 3:27PM
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 The Dieter Company
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Investment Insights
Based on property information with market context.
The property includes two office-warehouse buildings constructed in 2002, with a combined area of 20,904 square feet on five acres. In the first building, approximately 25% of the space is office area, including a kitchen, private offices, and restrooms; the balance is storage. The second building has an office component of approximately 12%, with a kitchenette, conference room, private offices, waiting area, and restrooms. Its insulated warehouse features central heating and cooling and concrete floors. A generator serves the site, and a covered walkway links the buildings alongside five dock landings set at a four-foot height.
The secured property is fully fenced, with gated entry, parking, landscaped grounds, and sidewalks. It is near Georgetown airport and Highway 17, within an established industrial zone. Highway access connects toward Charleston to the south and Myrtle Beach to the north.
The secured property is fully fenced, with gated entry, parking, landscaped grounds, and sidewalks. It is near Georgetown airport and Highway 17, within an established industrial zone. Highway access connects toward Charleston to the south and Myrtle Beach to the north.
Key Highlights
- Two office‑warehouse buildings total 20,904 square feet on five acres
- Both buildings were constructed in 2002
- First building: approximately 25% office space; second building: approximately 12% office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,286
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,585,720
$2.6M
Cap Rate 7%
$1,846,943
$1.8M
Cap Rate 9%
$1,436,511
$1.4M
Market Conditions
NOI Build-Up for 20,904 SF
Gross rent
$198.2K $9.48/SF
− Vacancy
−$13.5K −$0.64/SF
EGI
$184.7K $8.84/SF
− OpEx
−$55.4K −$2.65/SF
NOI
$129.3K $6.18/SF
Area
Georgetown County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,585,720
Cap Rate 7%
$1,846,943
Cap Rate 9%
$1,436,511
Alternative Uses
Best Use
Flex RnD
$2.86M
$2.50M – $3.33M
NOI $199,943 @ 7.0% cap · market cap 956.48%
Second Best
Warehouse
$2.19M
$1.92M – $2.55M
NOI $153,284 @ 7.0% cap · market cap 733.28%
Theoretical Best
Office A
$5.73M
$5.02M – $6.69M
NOI $401,357 @ 7.0% cap · market cap 1,920.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
5
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two office-warehouse buildings combine dedicated workspace with insulated warehouse areas and gated, fenced grounds.
Where is this flex space located?
The property is located at 149 Piper Ln. Georgetown, SC.
What are key features of this property?
This property features: Two office‑warehouse buildings total 20,904 square feet on five acres; Both buildings were constructed in 2002; First building: approximately 25% office space; second building: approximately 12% office space
