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    149 Piper Ln., Georgetown, SC 29440

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    For Lease
    $24,388 SF/Yr $42,483,896/Mo (calc)

    COMMERCIAL - Georgetown, SC

    Property size:
    20,904 SF
    Lot size:
    5.00 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    59
    Last Refresh:
    May 27 at 6:06 am

    Property Features for 149 Piper Ln.

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    LI
    Standard status
    Active
    Size
    20,904 SF
    Lot size
    5.00 Acres

    Building Details

    Number of units
    1

    We can help!

    Listing Contact
    Abernethy & Jones Commercial Group

    Listing agent Abernethy & Jones Commercial Group

    Listing office NAI The Litchfield Company Pawleys Island, SC

    Listing date Mar 30, 2026

    MLS# 2608147

    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.

    HighLights

    • Substantial five‑acre secured and fully fenced property with gated access
    • Two well‑maintained office warehouse buildings totaling 20,904 square feet
    • Convenient location near Georgetown airport and Highway 17
    • Functional office spaces in both buildings, including kitchens/kitchenettes, private offices, conference room, and restrooms
    • Warehouse space with insulation, central heating and cooling (in one building), and durable concrete flooring
    • Five dock landings with a convenient covered walkway connecting the two buildings

    Overview

    This commercial property features five acres of secured and fully fenced land with a gated entrance. The grounds are professionally landscaped and include ample parking and sidewalks. Two office warehouse buildings, constructed in 2002 and totaling 20,904 square feet, are in excellent condition. The first building allocates approximately 25% of its space to office use, including a fully equipped kitchen, private offices, and restrooms, with the remaining 75% as clean storage space. The second building has a smaller office component, about 12% of its area, featuring a kitchenette, conference room, private offices, a waiting room, and multiple restrooms. The warehouse area in the second building is open, insulated, and features central heating and cooling, as well as concrete flooring. A generator is located on site. A covered walkway connects the two buildings and houses loading docks with a height of four feet and five dock landings. Located near the Georgetown airport and within an established industrial zone, the property offers convenient access to Highway 17, facilitating travel to Charleston and Myrtle Beach. The property is ready for immediate business operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Storage Facility Discount Store Garden Center Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.3087604
    Latitude
    33.3193386

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    FAQs

    What type of property is this?
    Flex space - Secured, well-maintained commercial property with office and warehouse space.
    Where is this flex space located?
    The property is located at 149 Piper Ln. Georgetown, SC.
    What is the lease rate?
    The lease rate is $24,388.
    What are key features of this property?
    This property features: Substantial five‑acre secured and fully fenced property with gated access; Two well‑maintained office warehouse buildings totaling 20,904 square feet; Convenient location near Georgetown airport and Highway 17
    (843) 979-6754
    We can help!
    Listing Contact
    Abernethy & Jones Commercial Group
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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