Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 170 Retail/Office/Medical Space Title is generated by Realmo AI

    48 Terrace Drive, Okatie, SC 29909

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $36 SF/Yr $12,075/Mo (calc)

    Retail, office, or medical space for sale on Highway 170.

    Type:Retail / Office / Medical
    Property size:
    3,970 SF
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 10:30 pm

    Property Features for 48 Terrace Drive

    General Information

    Standard status
    Active
    Size
    3,970 SF
    Property subtype
    Retail / Office / Medical

    Spaces For Lease

    at 48 Terrace Drive Contact us

    We can help!

    Listing Contact
    Baker Wilkins
    Baker Wilkins

    Listing agent Baker Wilkins License #31069

    Listing office NAI Carolina Chapter

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Carolina Chapter

    HighLights

    • Excellent visibility directly on Highway 170.
    • Located in a brand new development (The Terrace at Okatie Crossings) with diverse tenants.
    • Strategic location between Bluffton and Beaufort, near Highway 278 Interchange.
    • Suitable for retail, office, or medical use.
    • Surrounded by significant residential and commercial growth, including proximity to Sun City.
    • Established tenant mix including Papa Murphy's Pizza, iCryo Recovery & Wellness, and Ochsner Novant Health.

    Overview

    This retail, office, or medical space is available for sale. The property is located off Highway 170, in a new development called The Terrace at Okatie Crossings, which includes retail, restaurant, office, and medical professional users. The buildings have direct frontage on Highway 170, providing excellent visibility, and are located close to the Highway 278 Interchange. Situated between Bluffton and Beaufort, the location is surrounded by Sun City. The immediate area is experiencing significant residential and commercial development. Other tenants include Papa Murphy's Pizza, iCryo Recovery & Wellness, Hawg's Golf Carts & ATV's, Yamato Asian Grill, Sassy Nails, Marsh Point Dentistry & Ochsner Novant Health. The property encompasses 3,970 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Okatie
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.8483
    Latitude
    32.3283

    Nearby Similar for Lease

    • $36 SF/Yr

      Highway 170 Retail/Office/Medical Space

      Retail, office, or medical space for lease on Highway 170.
      48 Terrace Drive, Okatie, SC 29909
      View Details
    • $22 SF/Yr
      1,200 SF

      Okatie Flex/Industrial Space Available

      Flex/Industrial space available for lease in Okatie, South Carolina.
      1089 Okatie Hwy, Okatie, SC
      View Details
    • Contact for pricing
      1,556 SF

      Okatie Outpatient Surgery Center Shell

      Shell space available in Okatie Outpatient Surgery Center.
      40-48 Okatie Center Blvd S, Okatie, SC
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail, office, or medical space for sale on Highway 170.
    Where is this retail space located?
    The property is located at 48 Terrace Drive Okatie, SC.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility directly on Highway 170.; Located in a brand new development (The Terrace at Okatie Crossings) with diverse tenants.; Strategic location between Bluffton and Beaufort, near Highway 278 Interchange.
    (843) 837-4460
    We can help!
    Listing Contact
    Baker Wilkins
    Baker Wilkins
    Real Estate License ID: 31069
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    48 Terrace Drive, Okatie, SC 29909
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!