Renovated Mixed-Use
For Sale
$720,000
19 Wilder Trail Pawleys, Pawleys Island, SC 29585
GC General Commercial zoning supports office, retail, and other business uses.
Property Size1,564 SF
Days on Market77
Property Features for 19 Wilder Trail Pawleys
General Information
Standard status
Active
Size
1,564 SF
Total Parking Spaces
7
Property subtype
Mixed Use
Zoning
GC General Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Amenities
kitchen
fireplace
vaulted ceilings
beams
new windows
ductless A/C systems
restrooms
ramp access
Building Details
Building Size
1,564 SF
Year Built
1950
Buildings
1
Tenancy
Single
Listing Agency:
RE/MAX
(843) 240-5684
Listed By:
Bobby Jordan · License #15842
(843) 240-5684
Source:
Remaxcommercial
Added: Jun 16
Changed: Aug 31
Last Checked: Aug 31 at 12:34PM
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 RE/MAX
Investment Insights
Based on property information with market context.
This freestanding mixed-use commercial property has been renovated for occupancy and combines an open interior with vaulted ceilings, exposed beams, a fireplace, and a kitchen equipped with new appliances. The building includes two restrooms, four ductless A/C systems, new windows, ramp access at the front entrance, and a rear office or storage area positioned off the carport. A covered parking space is included along with seven additional parking spaces.
The property occupies a corner at Ocean Highway and Wilder Trail, with direct frontage on Ocean Highway. It is situated between the North and South Causeway and next to the entrance to True Blue Golf Club. GC General Commercial zoning accommodates a range of business formats, including office, retail, gift shop, coffee shop, ice cream shop, art gallery, and golf shop uses.
The property occupies a corner at Ocean Highway and Wilder Trail, with direct frontage on Ocean Highway. It is situated between the North and South Causeway and next to the entrance to True Blue Golf Club. GC General Commercial zoning accommodates a range of business formats, including office, retail, gift shop, coffee shop, ice cream shop, art gallery, and golf shop uses.
Key Highlights
- Renovated freestanding commercial building ready for occupancy
- Direct frontage on Ocean Highway at the corner of Ocean Highway and Wilder Trail
- Seven parking spaces plus one covered parking space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,959
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,180
$439.2K
Cap Rate 7%
$313,700
$313.7K
Cap Rate 9%
$243,989
$244.0K
Market Conditions
NOI Build-Up for 1,564 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.5K $24.00/SF
− Vacancy
−$8.3K −$5.28/SF
EGI
$29.3K $18.72/SF
− OpEx
−$7.3K −$4.68/SF
NOI
$22.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,180
Cap Rate 7%
$313,700
Cap Rate 9%
$243,989
Alternative Uses
Best Use
Office B
$313.7K
$274.5K – $366.0K
NOI $21,959 @ 7.0% cap · market cap 3.05%
Second Best
Retail
$267.4K
$234.0K – $312.0K
NOI $18,721 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$429.0K
$375.4K – $500.5K
NOI $30,029 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
437
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - GC General Commercial zoning supports office, retail, and other business uses.
Where is this mixed-use property located?
The property is located at 19 Wilder Trail Pawleys Pawleys Island, SC.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Renovated freestanding commercial building ready for occupancy; Direct frontage on Ocean Highway at the corner of Ocean Highway and Wilder Trail; Seven parking spaces plus one covered parking space
