Building Details

Building Size 5,000 SF

Listing Agency: Diamond Shores Realty Show Phone

Listed By: Martin Johnson · License #118876 Show Phone

Source: Edgarwilson

Added: Sep 9 Changed: Sep 10 Last Checked: Sep 11 at 12:47PM

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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 Diamond Shores Realty

Investment Insights

Based on property information with market context.

This flex property at 200 Hucks Rd. in Aynor, South Carolina, provides 5,000 square feet of adaptable commercial space. Approximately 1,000 square feet is configured for office and administrative functions, while the remaining 4,000 square feet supports warehouse or other operational needs. The warehouse area includes three 12-foot roll-up doors and 20-foot eave heights, accommodating tall storage systems, equipment, and custom interior arrangements.

The property connects with Horry County’s primary commercial routes, including US-501 and SC-22. Reported traffic volumes reach up to 63,800 vehicles on portions of US-501 between SC-31 and the North US-17 Bypass, while SC-22 records up to 31,100 vehicles on stretches between SC-31 and US-17. The site is identified by Horry County PIN #27901030004.

Key Highlights

• 5,000 square feet of total flex space
• Approximately 1,000 square feet of office and administrative area
• Approximately 4,000 square feet of warehouse 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

$77,911

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

4.72%

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%

$1,558,220 $1.6M

Cap Rate 7%

$1,113,014 $1.1M

Cap Rate 9%

$865,678 $865.7K

Market Conditions

NOI Build-Up for 5,000 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

$97.2K $19.44/SF

− Vacancy

−$5.5K −$1.11/SF

EGI

$91.7K $18.33/SF

− OpEx

−$13.7K −$2.75/SF

NOI

$77.9K $15.58/SF

Area

Horry County, SC

Vacancy

5.70%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

15.00%

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%

$1,558,220

Cap Rate 7%

$1,113,014

Cap Rate 9%

$865,678

Alternative Uses

Best Use

Warehouse

$1.11M

$973.9K – $1.30M (±1% cap)

NOI $77,911 @ 7.0% cap · market cap 4.72%

Second Best

Industrial

$916.6K

$802.0K – $1.07M (±1% cap)

NOI $64,162 @ 7.0% cap · market cap 3.89%

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,704 @ 7.0% cap · market cap 5.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Garden Center Bakery Big Box & Wholesale Store Building Supply

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

Highway access

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29511, SC

5,550

Population

2,596

Households

2.1

Avg Household Size

42

Median Age

17%

College-Educated

82%

High-School Grad

57.1 sq mi

ZIP Area

97

Density / Sq Mi

$72,944

Median Household Income

$33,998

Median Earnings

$1,014

Median Rent

$216,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial layout combines office functionality with warehouse space and roll-up loading access.

Where is this flex space located?

The property is located at 200 Hucks Rd. Aynor, SC.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 5,000 square feet of total flex space; Approximately 1,000 square feet of office and administrative area; Approximately 4,000 square feet of warehouse space