End-Unit Office
New
For Sale
$190,000
4157-14323 Ocean Highway, Pawleys Island, SC 29585
A reception area, open work area, private offices and support rooms create a flexible professional layout.
Property Size1,238 SF
Price / SF$153.47
Days on Market5
Property Features for 4157-14323 Ocean Highway
General Information
Standard status
Active
Size
1,238 SF
Additional Details
Highway Access
Yes
Listing Agency:
Real Broker, LLC
(864) 760-7500
Listed By:
Sheila Fleming · License #281915
(704) 995-4204
Source:
Exprealty
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 12:45AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 1,238-square-foot office unit is configured with a reception area that leads into an open work area. Two enclosed offices sit off the hallway, alongside an alcove, a separate storage room and a restroom with built-in shelving. Updated flooring and neutral finishes complete the interior. The space is currently used as a music studio.
The office is just off Highway 17 in Pawleys Island, across the highway from Litchfield by the Sea and the Atlantic Ocean. The surrounding office community features mature landscaping, two ponds with fountains and a pedestrian bridge. Shopping, dining and other businesses are nearby.
The office is just off Highway 17 in Pawleys Island, across the highway from Litchfield by the Sea and the Atlantic Ocean. The surrounding office community features mature landscaping, two ponds with fountains and a pedestrian bridge. Shopping, dining and other businesses are nearby.
Key Highlights
- 1,238‑square‑foot office unit
- End‑unit position in a professional office community
- Reception area, open work area and two private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,382
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,640
$347.6K
Cap Rate 7%
$248,314
$248.3K
Cap Rate 9%
$193,133
$193.1K
Market Conditions
NOI Build-Up for 1,238 SF
Gross rent
$29.7K $24.00/SF
− Vacancy
−$6.5K −$5.28/SF
EGI
$23.2K $18.72/SF
− OpEx
−$5.8K −$4.68/SF
NOI
$17.4K $14.04/SF
Area
Georgetown County, SC
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,640
Cap Rate 7%
$248,314
Cap Rate 9%
$193,133
Alternative Uses
Best Use
Office B
$248.3K
$217.3K – $289.7K
NOI $17,382 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.6K
$297.1K – $396.2K
NOI $23,770 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A reception area, open work area, private offices and support rooms create a flexible professional layout.
Where is this office units located?
The property is located at 4157-14323 Ocean Highway Pawleys Island, SC.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,238‑square‑foot office unit; End‑unit position in a professional office community; Reception area, open work area and two private offices
