Mixed-Use Property with Fenced
For Sale
Contact for pricing
219 Dozier Street, Georgetown, SC 29440
Three apartments accompany a garage and shop on a fenced corner property in a historic corridor.
Property Size4,100 SF
Price / SF$108.54
Days on Market40
Property Features for 219 Dozier Street
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Office, Mixed Use
Zoning
GC
Lease Type
Gross
Additional Details
Multifamily Units
3
Building Details
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
RE/MAX Coast & Country
(843) 450-7346
Listed By:
Phillip Brady · License #51657
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 2:36PM
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 Coast & Country
Investment Insights
Based on property information with market context.
This mixed-use property combines three small apartments with a garage, shop, and fenced yard. The existing configuration supports multiple property components within a single asset, with GC zoning adding an important land-use designation.
Positioned on a commercial corner along Georgetown’s historic corridor, the property is just blocks from the waterfront and large-scale future redevelopment. Its location and current combination of residential and ancillary spaces provide a clear mixed-use profile.
Positioned on a commercial corner along Georgetown’s historic corridor, the property is just blocks from the waterfront and large-scale future redevelopment. Its location and current combination of residential and ancillary spaces provide a clear mixed-use profile.
Key Highlights
- Three small apartments included
- Garage and shop on the property
- Fenced yard
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
$34,013
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
7.64%
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%
$680,260
$680.3K
Cap Rate 7%
$485,900
$485.9K
Cap Rate 9%
$377,922
$377.9K
Market Conditions
NOI Build-Up for 4,100 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
$63.0K $15.36/SF
− Vacancy
−$1.1K −$0.28/SF
EGI
$61.8K $15.08/SF
− OpEx
−$27.8K −$6.79/SF
NOI
$34.0K $8.30/SF
Area
Georgetown County, SC
Vacancy
1.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
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%
$680,260
Cap Rate 7%
$485,900
Cap Rate 9%
$377,922
Alternative Uses
Best Use
Mixed Use
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$485.9K
$425.2K – $566.9K
NOI $34,013 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.12M
$984.0K – $1.31M
NOI $78,720 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments accompany a garage and shop on a fenced corner property in a historic corridor.
Where is this mixed-use property located?
The property is located at 219 Dozier Street Georgetown, SC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Three small apartments included; Garage and shop on the property; Fenced yard
