Flex-Use Industrial Office
313 Commerce Drive Pawleys Island, SC 29585
313 Commerce Drive, Pawleys Island, SC, 29585
Contact for pricing
For Sale
Contact for pricing
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
Price / SF$136.18
Days on Market22
Property Features for 313 Commerce Drive
General Information
- Standard status
- Active
- Size
- 8,812 SF
- Lot size
- 1.20 Acres
- Property subtype
- Office, Special Purpose
Building Details
- Year Built
- 1998
Listing agency
NAI | The Litchfield Company
(843) 241-2654
Listed by
Max Jones · License #SC 90439
Source
Crexi
Added: Jul 2 Updated: Jul 23 at 5:36AM Checked: Jul 23 at 5:36AM
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
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.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.6k | $22.20 |
| − Vacancy | −$16.6k | −$1.89 |
| EGI | $179.0k | $20.31 |
| − OpEx | −$71.6k | −$8.13 |
| NOI | $107.4k | $12.19 |
8,812 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- The Sassy Pig — 181 Archer Rd, Pawleys Island, SC 29585
FAQs
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 Drive 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.
