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    Pawleys Island Commercial Property For Rent Title is generated by Realmo AI

    328 Tiller Dr., Pawleys Island, SC 29585

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    For Lease
    $13,576/Mo $11 SF/Yr (calc)

    COMMERCIAL - Pawleys Island, SC

    Property size:
    14,810 SF
    Lot size:
    1.00 Acre
    Added:
    Dec 16, 2025
    Days on Market:
    156
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 328 Tiller Dr.

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    RS
    Standard status
    Active
    Size
    14,810 SF
    Lot size
    1.00 Acre

    Building Details

    Number of units
    1

    We can help!

    Listing Contact
    Abernethy & Jones Commercial Group

    Listing agent Abernethy & Jones Commercial Group

    Listing office NAI The Litchfield Company Pawleys Island, SC

    Listing date Dec 16, 2025

    MLS# 2529544

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1 Acre property in Pawleys Island location.
    • Flexible (RS) Resort Service District zoning.
    • 14,810 sf total space with 10,000 sf addition (built in 2007) that can be partitioned off.
    • 460V Three Phase power in place.
    • Two 12'x12' roll‑up doors at the rear of the property.
    • Gated property with magnetic entry.

    Overview

    Located off Tiller Drive in Pawleys Island, South Carolina, this gated property is situated on 1 acre and totals approximately 14,810 square feet. The property features a large, open office floor plan at the front, along with two restrooms, one of which has a shower. A conference room or executive office is located on the second story, overlooking the original warehouse portion of the building. The original 4,236-square-foot section was built in 1996, with a 10,000-square-foot addition constructed in 2007. The 10,000-square-foot area can be sealed or partitioned off with fireproof roll-up doors and has been used for light manufacturing and distribution. This section includes a few offices overlooking the warehouse, along with a breakroom and restroom. Skylights provide lighting during daytime hours. The eave heights measure 17'5" at the center and 12' at the side walls. The property has 460V three-phase power. At the rear of the property, there are two 12'x12' roll-up doors. The property is zoned RS (Resort Service District), offering flexible usage options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mega Storage — 11871 Ocean Hwy, Pawleys Island, SC 29585
    • Storage Sense - Pawleys Island — 320 Waverly Rd, Pawleys Island, SC 29585
    • Midgard Self Storage — 11167 Ocean Hwy, Pawleys Island, SC 29585

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.1264447
    Latitude
    33.4482701

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    FAQs

    What type of property is this?
    Warehouse - 14,810 SF commercial property in Pawleys Island, South Carolina.
    Where is this warehouse located?
    The property is located at 328 Tiller Dr. Pawleys Island, SC.
    What is the lease rate?
    The lease rate is $13,576 /Mo.
    What are key features of this property?
    This property features: 1 Acre property in Pawleys Island location.; Flexible (RS) Resort Service District zoning.; 14,810 sf total space with **10,000 sf addition (built in 2007) that can be partitioned off.**
    (843) 979-6754
    We can help!
    Listing Contact
    Abernethy & Jones Commercial Group
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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