Commercial Land with Metal
For Sale
$350,000
7914 Browns Ferry Rd., Georgetown, SC 29440
COMMERCIAL/INDUSTRIAL, Georgetown, SC
Property Size2,500 SF
Lot Size3.00 Acres
Price / SF$140
Days on Market418
Property Features for 7914 Browns Ferry Rd.
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
VR-10
Subdivision
52A Georgetown Area--Black River/northeast of Gtown between Choppee & 51
Standard status
Active
Size
2,500 SF
Lot size
3.00 Acres
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
Tidewater Properties · Tucker Associates
(843) 833-1362
Listed By:
Robert McCants · License #106295
(803) 478-4509
Added: Jul 17, 2025
Changed: Aug 19
Last Checked: Sep 7 at 2:06PM
MLS# 2517480
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 3-acre commercial land parcel includes a 2,500-square-foot metal building with fresh interior paint, a new security fence, and a concrete parking lot. The existing improvements provide a functional starting point for a range of commercial or residentially oriented uses supported by the property’s zoning framework.
The site fronts HWY 51 for 455 feet and also has access from two side streets. Public water and sewer are readily available. Located in Georgetown County, the property carries VR-10 zoning, which the source information identifies as Village Residential and as accommodating timber activities and feed and seed shops.
The site fronts HWY 51 for 455 feet and also has access from two side streets. Public water and sewer are readily available. Located in Georgetown County, the property carries VR-10 zoning, which the source information identifies as Village Residential and as accommodating timber activities and feed and seed shops.
Key Highlights
- 3 acres of commercial land in Georgetown County
- 2,500 square foot metal building with fresh interior paint
- 455 feet of frontage on HWY 51
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
$29,925
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
8.55%
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%
$598,500
$598.5K
Cap Rate 7%
$427,500
$427.5K
Cap Rate 9%
$332,500
$332.5K
Market Conditions
NOI Build-Up for 2,500 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
$45.0K $18.00/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.8K $17.10/SF
− OpEx
−$12.8K −$5.13/SF
NOI
$29.9K $11.97/SF
Area
Georgetown County, SC
Vacancy
5.00%
Lease Rate
$18.00 /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%
$598,500
Cap Rate 7%
$427,500
Cap Rate 9%
$332,500
Alternative Uses
Best Use
Retail
$427.5K
$374.1K – $498.8K
NOI $29,925 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
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 Retail 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?
Commercial land - Zoned VR-10, the tract includes an updated metal building, concrete parking, and access to public utilities.
Where is this commercial land located?
The property is located at 7914 Browns Ferry Rd. Georgetown, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3 acres of commercial land in Georgetown County; 2,500 square foot metal building with fresh interior paint; 455 feet of frontage on HWY 51
