One-Story Warehouse with Roll-Up
New
For Sale
$599,900
7812 Highway 701 South, Conway, SC 29527
Single-story warehouse with paved parking, chain-link fencing, and an overhead roll-up door.
Property Size3,250 SF
Lot Size0.75 Acres
Price / SF$184.58
Days on Market2
Property Features for 7812 Highway 701 South
General Information
Standard status
Active
Size
3,250 SF
Lot size
0.75 Acres
Additional Details
Fenced Yard
Yes
Warehouse Space
3,250 SF
Building Details
Stories
1
Building Size
3,250 SF
Listing Agency:
RE/MAX Southern Shores
(843) 839-0200
Listed By:
Paige Bird · License #3722
(843) 450-4773
Source:
Edgarwilson
Added: Sep 7
Last Checked: Sep 8 at 8:55AM
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 RE/MAX Southern Shores
Investment Insights
Based on property information with market context.
This one-story warehouse contains 3,250 square feet on a nearly 3/4-acre corner parcel at 7812 Highway 701 South in Conway, South Carolina. The building is handicap accessible and includes an overhead roll-up door, while the site provides a large paved parking area enclosed by chain-link fencing.
The property previously operated as a hardware store and has been closed for several years. It is offered in as-is condition, with the existing building and site improvements available for continued warehouse or other commercial use.
The property previously operated as a hardware store and has been closed for several years. It is offered in as-is condition, with the existing building and site improvements available for continued warehouse or other commercial use.
Key Highlights
- 3,250‑square‑foot one‑story warehouse
- Nearly 3/4‑acre corner lot
- Large paved parking area
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
$50,642
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
8.44%
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%
$1,012,840
$1.0M
Cap Rate 7%
$723,457
$723.5K
Cap Rate 9%
$562,689
$562.7K
Market Conditions
NOI Build-Up for 3,250 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
$63.2K $19.44/SF
− Vacancy
−$3.6K −$1.11/SF
EGI
$59.6K $18.33/SF
− OpEx
−$8.9K −$2.75/SF
NOI
$50.6K $15.58/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
15.00%
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%
$1,012,840
Cap Rate 7%
$723,457
Cap Rate 9%
$562,689
Alternative Uses
Best Use
Warehouse
$723.5K
$633.0K – $844.0K
NOI $50,642 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.7K
$720.7K – $961.0K
NOI $57,658 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29527, SC
26,343
Population
11,447
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
86%
High-School Grad
155.1 sq mi
ZIP Area
170
Density / Sq Mi
$53,078
Median Household Income
$32,294
Median Earnings
$962
Median Rent
$197,000
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-story warehouse with paved parking, chain-link fencing, and an overhead roll-up door.
Where is this warehouse located?
The property is located at 7812 Highway 701 South Conway, SC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3,250‑square‑foot one‑story warehouse; Nearly 3/4‑acre corner lot; Large paved parking area
