Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space For Lease Title is generated by Realmo AI

    204 Elm St., Conway, SC 29526

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease at 204 Elm St.

    Type:Office
    Added:
    May 23, 2022
    Days on Market:
    1450
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 204 Elm St.

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1992

    Spaces For Lease

    at 204 Elm St. Contact us

    Suite 100 $15 /Mo

    Size
    2,285 SF
    Type
    Office
    Beautiful newly remodeled 2-story professional office building located near the Horry...
    show more
    Contact us

    We can help!

    Listing Contact
    JOHN DRAUGHN

    Listing agent JOHN DRAUGHN License #SC

    Listing office Coldwell Banker Commercial Sea Coast Advantage

    Listing date May 23, 2022

    Source Crexi

    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 Coldwell Banker Commercial Sea Coast Advantage

    HighLights

    • Available for lease
    • Located at 204 Elm St.
    • Built in 1992

    Overview

    The property at 204 Elm St. is available for lease. It is located in Conway, South Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evans & Evans Law ... Law Firm Zilinsky & Gordon LLC ... Law Firm Coastal Paralegal Services Law Firm Waterway Distributor INC Home Appliance Store The Yates Firm Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Verizon Prepaid Net 10 Simple Mobile Page Plus Cell Phone Unlock iPhone Screen Repair Samsung Screen Repair — 615 church st, conway, sc 29526
    • Ann Booth Jewelers — 1020 3rd Ave, Conway, SC 29526

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0476379
    Latitude
    33.8334391

    Nearby Similar for Lease

    • $120,000 SF/Yr

      Versatile Commercial Property in Conway

      Commercial property suitable for entertainment, event space, fitness, or retail.
      2961 Highway 501 W, Conway, SC 29526
      View Details
    • Contact for pricing

      Highway 501 Retail Space

      Retail space for lease on high-traffic Highway 501.
      1203 Highway 501, Conway, SC 29526
      View Details
    • Contact for pricing

      Versatile Commercial Space with Kitchen

      5000 SF commercial space with kitchen facility for rent.
      7297 Highway 905, Conway, SC 29526
      View Details
    • Contact for pricing

      Downtown Conway Professional Office Space

      Professional office space in Downtown Conway, available in 2025.
      1312 2nd Avenue, Conway, SC 29577
      View Details
    • Contact for pricing

      Downtown Conway Office Space

      Turn-key office space near government offices and downtown amenities.
      205 Beaty Street, Conway, SC 29526
      View Details
    • $13,696/Mo

      Warehouse Under Construction, Conway, SC

      Warehouse under construction, delivery expected Q3 2026, Heavy Industrial zoning.
      155 East Cox Ferry Dr., Conway, SC 29526
      View Details
    • Contact for pricing

      Office-Warehouse Flex Park

      Office-warehouse flex units available for lease in early 2026.
      5321 Highway 90, Conway, SC 29526
      View Details
    • $2,400/Mo

      Office/Retail Space on Mill Pond

      Highly visible office/retail space with flexible layout and ample parking.
      1706 Mill Pond Rd, Conway, SC, 29527-4745
      View Details
    • Contact for pricing

      Industrial Space in Atlantic Center

      Industrial space for lease in established business park.
      370 Allied Drive, Conway, SC 29526
      View Details
    • $2,333/Mo

      Warehouse Unit For Rent

      Warehouse unit available off Hwy 501 in Conway.
      489 Myrtle Ridge Drive, Conway, SC 29526
      View Details
    • $7,000/Mo

      Conway Warehouse and Office Space

      Warehouse and office space available for lease in Conway.
      1603 16th Ave, Conway, SC
      View Details
    • Contact for pricing

      Warehouse Under Construction in Conway

      Warehouse with office space, dock, and roll-up doors, available Q3 2026.
      155 East Cox Ferry Road, Conway, SC 29526
      View Details

    FAQs

    What type of property is this?
    Office property - Office space available for lease at 204 Elm St.
    Where is this office property located?
    The property is located at 204 Elm St. Conway, SC.
    What are key features of this property?
    This property features: Available for lease; Located at 204 Elm St.; Built in 1992
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    JOHN DRAUGHN
    Real Estate License ID: SC
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    204 Elm St., Conway, SC 29526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!