Two-Story Office
For Sale
Contact for pricing
2591 N Fraser St., Georgetown, SC 29440
A multi-office layout includes storage on both levels and three restrooms on the first floor.
Property Size3,418 SF
Price / SF$1.25
Days on Market61
Property Features for 2591 N Fraser St.
General Information
Standard status
Active
Size
3,418 SF
Property subtype
Office
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Buildings
1
Stories
2
Listing Agency:
The Dieter Company
Listed By:
Jay Nelson
(843) 817-8508
Source:
Thenelsonteamsc
Added: Sep 3
Changed: Nov 2
Last Checked: Nov 2 at 2:41AM
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 The Dieter Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level office property at 2591 N Fraser St. in Georgetown has 13 private offices on the first floor and seven on the second. Storage is available on both levels, with three restrooms on the first floor. Wood flooring extends through much of the building, with carpeting in select offices. On-site parking is provided.
The property fronts N Fraser Street and has access from that street. Its prior uses include medical and law offices. The configuration also includes distinct office areas across both floors, along with storage and first-floor restroom facilities.
The property fronts N Fraser Street and has access from that street. Its prior uses include medical and law offices. The configuration also includes distinct office areas across both floors, along with storage and first-floor restroom facilities.
Key Highlights
- 20 private offices: 13 on the first floor and 7 on the second
- Three restrooms on the first floor
- Storage on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,658
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,160
$833.2K
Cap Rate 7%
$595,114
$595.1K
Cap Rate 9%
$462,867
$462.9K
Market Conditions
NOI Build-Up for 3,418 SF
Gross rent
$75.9K $22.20/SF
− Vacancy
−$6.4K −$1.89/SF
EGI
$69.4K $20.31/SF
− OpEx
−$27.8K −$8.13/SF
NOI
$41.7K $12.19/SF
Area
Georgetown County, SC
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,160
Cap Rate 7%
$595,114
Cap Rate 9%
$462,867
Alternative Uses
Best Use
Office B
$685.6K
$599.9K – $799.8K
NOI $47,989 @ 7.0% cap · market cap 1,123.34%
Second Best
Healthcare Medical
$595.1K
$520.7K – $694.3K
NOI $41,658 @ 7.0% cap · market cap 975.14%
Theoretical Best
Office A
$937.5K
$820.3K – $1.09M
NOI $65,626 @ 7.0% cap · market cap 1,536.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
124
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes storage on both levels and three restrooms on the first floor.
Where is this office building located?
The property is located at 2591 N Fraser St. Georgetown, SC.
What are key features of this property?
This property features: 20 private offices: 13 on the first floor and 7 on the second; Three restrooms on the first floor; Storage on both floors
