Building Details

Building Size 2,400 SF

Buildings 1

Stories 1

Units 1

Listing Agency: Keller Williams The Forturro Group g***@aol.com

Listed By: Jeff Forman · License #111037 Show Phone

Source: Gabrielfinancial

Added: Oct 30, 2025 Changed: Oct 23 Last Checked: Oct 23 at 4:51PM

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Investment Insights

Based on property information with market context.

This live-work property combines a 2,400-square-foot workspace with an attached, fully renovated one-bedroom apartment featuring 1.5 bathrooms. Improvements include LVP flooring, fresh paint, and updated bathrooms. The parcel is cleared and fenced, with additional open land on the 1.5-acre site.

Zoning is FA. The property is located at 1715 Cane Branch Rd. in Loris, South Carolina.

Key Highlights

• 2,400‑square‑foot workspace with an attached one‑bedroom, 1.5‑bath apartment
• 1.5‑acre parcel is cleared and fenced
• Apartment renovation includes LVP flooring, fresh paint, and updated bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,456

Cap Rate

7.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,120 $609.1K

Cap Rate 7%

$435,086 $435.1K

Cap Rate 9%

$338,400 $338.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$51.8K $21.60/SF

− Vacancy

−$3.1K −$1.30/SF

EGI

$48.7K $20.30/SF

− OpEx

−$18.3K −$7.61/SF

NOI

$30.5K $12.69/SF

Area

Horry County, SC

Vacancy

6.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,120

Cap Rate 7%

$435,086

Cap Rate 9%

$338,400

Alternative Uses

Best Use

Warehouse

$534.2K

$467.5K – $623.3K (±1% cap)

NOI $37,397 @ 7.0% cap · market cap 9.59%

Second Best

Mixed Use

$435.1K

$380.7K – $507.6K (±1% cap)

NOI $30,456 @ 7.0% cap · market cap 7.81%

Theoretical Best

Office A

$608.3K

$532.2K – $709.6K (±1% cap)

NOI $42,578 @ 7.0% cap · market cap 10.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Building Supply Auto Repair Shop Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 29569, SC

17,048

Population

7,504

Households

2.3

Avg Household Size

45

Median Age

10%

College-Educated

82%

High-School Grad

170.3 sq mi

ZIP Area

100

Density / Sq Mi

$50,659

Median Household Income

$34,719

Median Earnings

$776

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - A remodeled work area is paired with a one-bedroom, 1.5-bath residence on a fenced 1.5-acre parcel.

Where is this live-work space located?

The property is located at 1715 Cane Branch Rd. Loris, SC.

What is the asking price?

The asking price for this property is $389,900.

What are key features of this property?

This property features: 2,400‑square‑foot workspace with an attached one‑bedroom, 1.5‑bath apartment; 1.5‑acre parcel is cleared and fenced; Apartment renovation includes LVP flooring, fresh paint, and updated bathrooms