Building Details

Buildings 1

Building Size 11,540 SF

Listing Agency: Keystone Realty MB, LLC Show Phone

Listed By: Curry Martin · License ##62256 Show Phone

Source: Edgarwilson

Added: Sep 9 Changed: Oct 7 Last Checked: Oct 24 at 4:58PM

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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 Keystone Realty MB, LLC

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Investment Insights

Based on property information with market context.

This industrial flex property comprises an 11,540± square foot building on a 1.25± acre parcel with substantial open yard area. Ceiling heights range from 18 feet to 20 feet, and the building currently includes one roll-up door. The structure is undergoing remodeling with new siding and insulation.

Located at 3673 Highway 701 North in Conway, the property carries Limited Industrial (LI) zoning. The owner will build out the office area and add roll-up doors for a new tenant, subject to the proposed requirements. An adjoining 0.91± acre parcel, identified as Horry County PIN # 29313020006, may also be leased with the building.

Key Highlights

• 11,540± SF industrial building on a 1.25± acre parcel
• Limited Industrial (LI) zoning in Horry County
• 18' to 20' ceiling heights with one roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,819

Suggested Prices Based on Cap Rates

Cap Rate 5%

$196,380 $196.4K

Cap Rate 7%

$140,271 $140.3K

Cap Rate 9%

$109,100 $109.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$16.0K $10.68/SF

− Vacancy

−$913 −$0.61/SF

EGI

$15.1K $10.07/SF

− OpEx

−$5.3K −$3.52/SF

NOI

$9.8K $6.55/SF

Area

Horry County, SC

Vacancy

5.70%

Lease Rate

$10.68 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$196,380

Cap Rate 7%

$140,271

Cap Rate 9%

$109,100

Alternative Uses

Best Use

Warehouse

$333.9K

$292.2K – $389.6K (±1% cap)

NOI $23,373 @ 7.0% cap · market cap 202.54%

Second Best

Industrial

$275.0K

$240.6K – $320.8K (±1% cap)

NOI $19,249 @ 7.0% cap · market cap 166.80%

Theoretical Best

Office A

$380.2K

$332.6K – $443.5K (±1% cap)

NOI $26,611 @ 7.0% cap · market cap 230.60%

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

Flex space

Suggested Use

Top Pick Building Supply Real Estate Agency Garden Center Grocery & Convenience Store Auto Parts Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29526, SC

51,403

Population

20,301

Households

2.5

Avg Household Size

40

Median Age

23%

College-Educated

89%

High-School Grad

175.0 sq mi

ZIP Area

294

Density / Sq Mi

$66,490

Median Household Income

$28,341

Median Earnings

$943

Median Rent

$232,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Limited Industrial zoning and an expansive yard support distribution, light manufacturing, equipment storage, and specialized trade uses.

Where is this flex space located?

The property is located at 3673 Highway 701 North Conway, SC.

What are key features of this property?

This property features: 11,540± SF industrial building on a 1.25± acre parcel; Limited Industrial (LI) zoning in Horry County; 18' to 20' ceiling heights with one roll‑up door