Flex-Use Industrial Office
For Sale
$1,200,000
Pending
313 Commerce Dr., Pawleys Island, SC 29585
Free-span metal building with four suites, including office and a rear flex area with warehouse, mezzanine, and office space.
Property Size8,812 SF
Lot Size1.20 Acres
Days on Market112
Property Features for 313 Commerce Dr.
General Information
Standard status
Pending
Size
8,812 SF
Lot size
1.20 Acres
Building Details
Construction
free-span metal
Tenancy
Multi
Listing Agency:
NAI The Litchfield Company
Listed By:
Abernethy & Jones Commercial Group · License #1033
(843) 979-6754
Source:
Edgarwilson
Added: Jul 3
Changed: Oct 14
Last Checked: Oct 20 at 8:16PM
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 NAI The Litchfield Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
313 Commerce Drive is a versatile commercial property built as a free-span metal building on 1.20 acres. The building is currently divided into four separate suites, offering flexibility for an owner-user to occupy a portion while maintaining the option to rent additional space.
The current configuration includes two professional office suites, a pain management medical practice, and a rear flex suite featuring warehouse space plus mezzanine storage and office space. Three of the four suites are leased on month-to-month agreements.
The property’s suite layout supports multiple operational arrangements within one building, while the rear flex/warehouse component provides added functionality for users seeking both workspace and supporting storage.
The current configuration includes two professional office suites, a pain management medical practice, and a rear flex suite featuring warehouse space plus mezzanine storage and office space. Three of the four suites are leased on month-to-month agreements.
The property’s suite layout supports multiple operational arrangements within one building, while the rear flex/warehouse component provides added functionality for users seeking both workspace and supporting storage.
Key Highlights
- 8,812 SF free‑span metal commercial building on 1.20 acres at the corner of Commerce Dr and Petigru Dr in Pawleys Island’s business district.
- Year built: 1998.
- Building currently divided into four suites, providing multiple income streams and flexibility for an owner‑user to occupy part of the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,399
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,147,980
$2.1M
Cap Rate 7%
$1,534,271
$1.5M
Cap Rate 9%
$1,193,322
$1.2M
Market Conditions
NOI Build-Up for 8,812 SF
Gross rent
$195.6K $22.20/SF
− Vacancy
−$16.6K −$1.89/SF
EGI
$179.0K $20.31/SF
− OpEx
−$71.6K −$8.13/SF
NOI
$107.4K $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%
$2,147,980
Cap Rate 7%
$1,534,271
Cap Rate 9%
$1,193,322
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,720 @ 7.0% cap · market cap 10.31%
Second Best
Healthcare Medical
$1.53M
$1.34M – $1.79M
NOI $107,399 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,190 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29585, SC
16,574
Population
12,061
Households
1.4
Avg Household Size
60
Median Age
50%
College-Educated
96%
High-School Grad
61.8 sq mi
ZIP Area
268
Density / Sq Mi
$83,077
Median Household Income
$42,237
Median Earnings
$1,599
Median Rent
$423,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- The Sassy Pig — 181 Archer Rd, Pawleys Island, SC 29585
Frequently Asked Questions
What type of property is this?
Flex space - Free-span metal building with four suites, including office and a rear flex area with warehouse, mezzanine, and office space.
Where is this flex space located?
The property is located at 313 Commerce Dr. Pawleys Island, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,812 SF free‑span metal commercial building on 1.20 acres at the corner of Commerce Dr and Petigru Dr in Pawleys Island’s business district.; Year built: 1998.; Building currently divided into four suites, providing multiple income streams and flexibility for an owner‑user to occupy part of the property.
