Industrial Property on
For Sale
$2,795,000
4375 Hwy 17 S, Murrells Inlet, SC 29576
COMMERCIAL/INDUSTRIAL, Murrells Inlet, SC
Property Size6,708 SF
Lot Size1.57 Acres
Price / SF$416.67
Days on Market65
Property Features for 4375 Hwy 17 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com
Subdivision
40A Murrells Inlet - Georgetown County
Standard status
Active
Size
6,708 SF
Lot size
1.57 Acres
Building Details
Floors in Building
2
Number of units
1
Listing Agency:
NorthGroup Real Estate LLC
(843) 999-0119
Listed By:
Tony Cape
(843) 999-2535
Added: Jun 20
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# 2615699
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.
Investment Insights
Based on property information with market context.
This industrial property contains 6,708 square feet and is situated on a 1.57-acre parcel. The site carries COM zoning and is positioned along Hwy 17 S in Murrells Inlet.
The property is located in Georgetown County, South Carolina, within the 29576 postal area. Its combination of industrial classification, commercial zoning, and land area provides a straightforward profile for evaluating industrial use.
The property is located in Georgetown County, South Carolina, within the 29576 postal area. Its combination of industrial classification, commercial zoning, and land area provides a straightforward profile for evaluating industrial use.
Key Highlights
- 6,708‑square‑foot industrial property
- 1.57‑acre parcel
- COM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,580
$1.7M
Cap Rate 7%
$1,229,700
$1.2M
Cap Rate 9%
$956,433
$956.4K
Market Conditions
NOI Build-Up for 6,708 SF
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.
Gross rent
$130.4K $19.44/SF
− Vacancy
−$7.4K −$1.11/SF
EGI
$123.0K $18.33/SF
− OpEx
−$36.9K −$5.50/SF
NOI
$86.1K $12.83/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,580
Cap Rate 7%
$1,229,700
Cap Rate 9%
$956,433
Alternative Uses
Best Use
Industrial
$1.23M
$1.08M – $1.43M
NOI $86,079 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,005 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Commercial zoning accompanies an existing industrial property on a sizable parcel in Murrells Inlet.
Where is this industrial property located?
The property is located at 4375 Hwy 17 S Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 6,708‑square‑foot industrial property; 1.57‑acre parcel; COM zoning
