Building Details

Floors in Building 2

Number of units 11

Listing Agency: Peace Sotheby's Intl Realty PI · Sotheby's International Realty b***@peacesir.com Show Phone

Listed By: Lauren Call · License #91617 Show Phone

Added: Apr 13, 2025 Changed: Oct 6 Last Checked: Oct 13 at 3:06PM

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MLS# 2509286

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.

The Georgetown Executive Center is a 2,961-square-foot office property at 604 Front St. in Georgetown, South Carolina. The building contains 11 separately leased private office spaces and includes a private parking lot for tenants. Commercial zoning supports its position as an office-oriented asset within the city’s Core Commercial District.

The property sits across from the George Hotel and within Georgetown’s historic district, with downtown retail, dining, and waterfront amenities nearby. Regional connections extend toward Charleston, approximately 60 miles southwest, and Myrtle Beach, approximately 35 miles northeast. The 0.25-acre property is also located within an eligible Opportunity Zone.

Key Highlights

• 2,961‑square‑foot office property on a 0.25‑acre site
• 11 individually leased private office spaces
• Private parking lot reserved for tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,572

Cap Rate

4.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$831,440 $831.4K

Cap Rate 7%

$593,886 $593.9K

Cap Rate 9%

$461,911 $461.9K

Market Conditions

NOI Build-Up for 2,961 SF

Gross rent

$71.1K $24.00/SF

− Vacancy

−$15.6K −$5.28/SF

EGI

$55.4K $18.72/SF

− OpEx

−$13.9K −$4.68/SF

NOI

$41.6K $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%

$831,440

Cap Rate 7%

$593,886

Cap Rate 9%

$461,911

Alternative Uses

Best Use

Office B

$593.9K

$519.7K – $692.9K (±1% cap)

NOI $41,572 @ 7.0% cap · market cap 4.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$812.2K

$710.6K – $947.5K (±1% cap)

NOI $56,851 @ 7.0% cap · market cap 5.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

RUSSELL BACH LLC Accounting Firm Beltone Hearing Aid ... Hearing Aid Store Continental Engines / Generators Hardware & Home Improvement Cobb Hammett LLC Law Firm Three Ring Focus Advertising Agency

Suggested Use

Top Pick HVAC Service Storage Facility Skin Care Clinic Carpet & Flooring Store Computer & Electronic Repair Electrical Service

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

11

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

691

Businesses Nearby

Explore this area Business Placement

Demographics for 29440, SC

27,451

Population

13,845

Households

2

Avg Household Size

46

Median Age

23%

College-Educated

89%

High-School Grad

523.1 sq mi

ZIP Area

52

Density / Sq Mi

$54,926

Median Household Income

$33,636

Median Earnings

$912

Median Rent

$160,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Eleven individually leased private offices with dedicated tenant parking in Georgetown’s historic commercial core.

Where is this office building located?

The property is located at 604 Front St. Georgetown, SC.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 2,961‑square‑foot office property on a 0.25‑acre site; 11 individually leased private office spaces; Private parking lot reserved for tenants