Office and Warehouse Buildings For
For Sale
$350,000
2019 Highmarket St., Georgetown, SC 29440
Office and warehouse buildings totaling 2,550 SF on 0.25 acres.
Property Size2,550 SF
Lot Size0.25 Acres
Price / SF$137.25
Days on Market140
Property Features for 2019 Highmarket St.
General Information
Standard status
Active
Size
2,550 SF
Lot size
0.25 Acres
Listing Agency:
Keystone Realty MB, LLC
(843) 626-3400
Listed By:
JD Yearwood · License ##75336
(336) 209-8109
Source:
Edgarwilson
Added: May 27
Changed: Oct 3
Last Checked: Oct 12 at 7:37PM
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 Keystone Realty MB, LLC
Investment Insights
Based on property information with market context.
The property features an approximately 1,050-square-foot office building and an approximately 1,500-square-foot warehouse building. The office building includes three offices, a conference/break area, and a reception area. The property is situated on approximately 0.25 acres. It is located along one of Georgetown’s primary commercial corridors, in close proximity to a mix of retailers and services. The location on Highmarket Street experiences an average annual daily traffic count of 17,000. The property is zoned GC (City of Georgetown).
Key Highlights
- Two buildings: ± 1,050 SF Office Building and ± 1,500 SF Warehouse Building
- Located in close proximity to a strong mix of retailers and services along one of Georgetown’s primary commercial corridors
- 17,000 AATD - Highmarket (521/17A)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,390
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,800
$487.8K
Cap Rate 7%
$348,429
$348.4K
Cap Rate 9%
$271,000
$271.0K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$40.7K $15.96/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$37.5K $14.72/SF
− OpEx
−$13.1K −$5.15/SF
NOI
$24.4K $9.56/SF
Area
Georgetown County, SC
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,800
Cap Rate 7%
$348,429
Cap Rate 9%
$271,000
Alternative Uses
Best Use
Flex RnD
$348.4K
$304.9K – $406.5K
NOI $24,390 @ 7.0% cap · market cap 6.97%
Second Best
Industrial
$225.3K
$197.1K – $262.9K
NOI $15,771 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Smiths Concierge Services llc — 1715 Hampton St, Georgetown, SC 29440
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse buildings totaling 2,550 SF on 0.25 acres.
Where is this flex space located?
The property is located at 2019 Highmarket St. Georgetown, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two buildings: ± 1,050 SF Office Building and ± 1,500 SF Warehouse Building; Located in close proximity to a strong mix of retailers and services along one of Georgetown’s primary commercial corridors; 17,000 AATD - Highmarket (521/17A)
