Building Details

Floors in Building 1

Number of units 1

Additional Structures Storage

Listing Agency: Keller Williams The Forturro Group · Keller Williams Realty r***@kw.com Show Phone

Listed By: Jeff Forman · License #111037 Show Phone

Added: Oct 30, 2025 Changed: Oct 1 Last Checked: Oct 17 at 1:06PM

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MLS# 2526220

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.

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Investment Insights

Based on property information with market context.

This 2,400-square-foot flex property combines a remodeled workspace with an attached one-bedroom, 1.5-bath apartment. Interior updates include new LVP flooring, fresh paint, and renovated bathrooms. The building also provides inside storage, a kitchen facility, private restrooms, living quarters, and truck doors.

The property occupies 1.5 acres in Loris, South Carolina, with the tract fully cleared and fenced. FA zoning is in place, and the remaining land area provides room for additional storage, warehouse functions, or automotive use.

Key Highlights

• 2,400‑square‑foot flex property with attached one‑bedroom, 1.5‑bath apartment
• 1.5‑acre tract is fully cleared and fenced
• Interior remodeled with new LVP flooring, fresh paint, and renovated bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,798

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$615,960 $616.0K

Cap Rate 7%

$439,971 $440.0K

Cap Rate 9%

$342,200 $342.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$46.7K $19.44/SF

− Vacancy

−$2.7K −$1.11/SF

EGI

$44.0K $18.33/SF

− OpEx

−$13.2K −$5.50/SF

NOI

$30.8K $12.83/SF

Area

Horry County, SC

Vacancy

5.70%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$615,960

Cap Rate 7%

$439,971

Cap Rate 9%

$342,200

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

Industrial

$440.0K

$385.0K – $513.3K (±1% cap)

NOI $30,798 @ 7.0% cap · market cap 7.90%

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

Flex 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

Well-served

Demand for This Use

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?

Flex space - Fenced, cleared acreage supports workspace, storage, or automotive uses with an attached residential component.

Where is this flex 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 flex property with attached one‑bedroom, 1.5‑bath apartment; 1.5‑acre tract is fully cleared and fenced; Interior remodeled with new LVP flooring, fresh paint, and renovated bathrooms