Purpose-Built Assisted Living
For Sale
$899,000
2317 Prince St., Georgetown, SC 29440
Operating personal care home with a commercial kitchen, dining areas, resident living spaces, and outdoor gathering areas.
Property Size7,206 SF
Price / SF$124.76
Days on Market95
Property Features for 2317 Prince St.
General Information
Standard status
Active
Size
7,206 SF
Property subtype
Commercial
Listing Agency:
Keller Williams Innovate South
Listed By:
Jake Lee · License #6216
(843) 240-0431
Source:
Coastaltidesrealtymb
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 3 at 3:23AM
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 Keller Williams Innovate South
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Investment Insights
Based on property information with market context.
This one-story assisted living facility combines an operating personal care home with the underlying real estate. Built in 2000, the property contains approximately 7,050 finished square feet and 7,206 total square feet on a 0.48-acre site. The U-shaped plan is licensed for 22 residential beds and includes 11 bedrooms, multiple bathrooms, a commercial kitchen, dining areas, living space, and laundry facilities. A front porch and rear patio extend the resident-use areas, while the building is equipped with a metal roof, central air conditioning, fire and smoke detection, and a sprinkler system.
The property is located at 2317 Prince St. in Georgetown, South Carolina, approximately 1.5 miles from Tidelands Health Georgetown Memorial Hospital. Its established operating configuration includes the principal spaces and building systems associated with the current personal care home use.
The property is located at 2317 Prince St. in Georgetown, South Carolina, approximately 1.5 miles from Tidelands Health Georgetown Memorial Hospital. Its established operating configuration includes the principal spaces and building systems associated with the current personal care home use.
Key Highlights
- Licensed for 22 residential beds
- Approximately 7,050 finished SF; 7,206 total SF
- 0.48‑acre site with a one‑story building constructed in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,781
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,620
$1.2M
Cap Rate 7%
$854,014
$854.0K
Cap Rate 9%
$664,233
$664.2K
Market Conditions
NOI Build-Up for 7,206 SF
Gross rent
$110.7K $15.36/SF
− Vacancy
−$2.0K −$0.28/SF
EGI
$108.7K $15.08/SF
− OpEx
−$48.9K −$6.79/SF
NOI
$59.8K $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 Rate 5%
$1,195,620
Cap Rate 7%
$854,014
Cap Rate 9%
$664,233
Alternative Uses
Best Use
Apartment 5plus
$854.0K
$747.3K – $996.4K
NOI $59,781 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,355 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Balanced
Demand for This Use
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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
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Similar Off Market Nearby
- Lifecare Hospice of South Car — Georgetown, SC 29440
- Julie Lawson Care ,LLC — Georgetown, SC 29442
Frequently Asked Questions
What type of property is this?
Assisted living facility - Operating personal care home with a commercial kitchen, dining areas, resident living spaces, and outdoor gathering areas.
Where is this assisted living facility located?
The property is located at 2317 Prince St. Georgetown, SC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Licensed for 22 residential beds; Approximately 7,050 finished SF; 7,206 total SF; 0.48‑acre site with a one‑story building constructed in 2000
